EXECUTION
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GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
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POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1997
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REMIC Multi-Class Pass-Through Certificates,
Series 1997-11
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Section Page
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 38
2.02. Acceptance by Trustee.................................... 41
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 42
2.04. Execution of Certificates................................ 48
2.05. Designations under the REMIC Provisions.................. 48
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 49
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account....... 55
3.03. Collection of Taxes, Assessments and Other Items......... 58
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 58
3.05. Maintenance of the Primary Insurance Policies............ 60
3.06. Maintenance of Hazard Insurance.......................... 61
3.07. Assumption and Modification Agreements................... 61
3.08. Realization Upon Defaulted Mortgage Loans................ 62
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 66
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company.......................................... 67
3.11. Reports to the Trustee; Certificate
Account Statements...................................... 67
3.12. Annual Statement as to Compliance........................ 68
3.13. Annual Independent Public Accountants'
Servicing Report........................................ 68
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 69
3.15. Maintenance of Certain Servicing Policies................ 69
3.16. Optional Purchase of Defaulted Mortgage Loans............ 69
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Section Page
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 69
4.02. Method of Distribution................................... 74
4.03. Allocation of Losses..................................... 76
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.......................................... 78
4.05. Statements to Certificateholders......................... 79
4.06. Servicer's Certificate................................... 81
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property...................................... 81
4.08. Reduction of Servicing Fees by Compensating
Interest Payments....................................... 82
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 82
5.02. Registration of Transfer and Exchange of Certificates.... 84
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 91
5.04. Persons Deemed Owners.................................... 91
5.05. Access to List of Certificateholders' Names
and Addresses........................................... 92
5.06. Representation of Certain Certificateholders............. 92
5.07. Determination of COFI.................................... 92
5.08. Determination of LIBOR................................... 93
ARTICLE VI
THE COMPANY
6.01. Liability of the Company................................. 95
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company............................. 95
6.03. Assignment............................................... 95
6.04. Limitation on Liability of the Company and Others........ 96
6.05. The Company Not to Resign................................ 97
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Section Page
ARTICLE VII
DEFAULT
7.01. Events of Default........................................ 97
7.02. Trustee to Act; Appointment of Successor................. 99
7.03. Notification to Certificateholders...................... 100
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................100
8.02. Certain Matters Affecting the Trustee....................101
8.03. Trustee Not Liable for Certificates or Mortgage Loans....103
8.04. Trustee May Own Certificates.............................103
8.05. The Company to Pay Trustee's Fees and Expenses...........103
8.06. Eligibility Requirements for Trustee.....................104
8.07. Resignation or Removal of Trustee........................104
8.08. Successor Trustee........................................105
8.09. Merger or Consolidation of Trustee.......................106
8.10. Appointment of Co-Trustee or Separate Trustee............106
8.11. Compliance with REMIC Provisions; Tax Returns............107
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................108
9.02. Additional Termination Requirements......................109
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................110
10.02. Recordation of Agreement................................111
10.03. Limitation on Rights of Certificateholders..............112
10.04. Governing Law...........................................113
10.05. Notices.................................................113
10.06. Notices to the Rating Agencies..........................113
10.07. Severability of Provisions..............................114
10.08. Certificates Nonassessable and Fully Paid...............114
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Section Page
Exhibits
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EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Schedule of Designated Loans
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THIS POOLING AND SERVICING AGREEMENT, dated as of
November 1, 1997, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to any Accretion Directed Certificates pursuant
to Section 4.01(e). As to any Class of Accrual Certificates
and any Accrual Component and each Distribution Date after
the related Accretion Termination Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components), interest accrued
during the related Interest Accrual Period at the
applicable Certificate Interest Rate on the Class
Certificate Principal
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Balance (or, in the case of any Class of Notional
Certificates other than the Class S Certificates, on the
aggregate Notional Principal Balance) thereof immediately
prior to (or, in the case of the Class S Certificates, on
the aggregate Notional Principal Balance thereof with
respect to) such Distribution Date, calculated on the basis
of a 360-day year consisting of twelve 30-day months. As to
any Distribution Date and any Specified Component (other
than any Principal Only Component), interest accrued during
the related Interest Accrual Period at the applicable
Component Interest Rate on the Component Principal Balance
(or Notional Component Principal Balance) thereof
immediately prior to such Distribution Date, calculated on
the basis of a 360-day year consisting of twelve 30-day
months. As to any Distribution Date and any Class of
Certificates consisting of Specified Components, the
aggregate of Accrued Certificate Interest on such Specified
Components for such Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component (other
than any Principal Only Component) shall be reduced by such
Class's or Specified Component's share of the amount of any
Net Interest Shortfall and Interest Losses for such
Distribution Date. Any Net Interest Shortfall and Interest
Losses shall be allocated among the Classes of Certificates
(other than any Class of Principal Only Certificates and
any Class of Certificates consisting of Specified
Components) and among the Specified Components (other than
any Principal Only Component) of any Component Certificate
in proportion to the respective amounts of Accrued
Certificate Interest that would have resulted absent such
shortfall or losses.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as
to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to the
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Class M Certificates and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has
been satisfied on such Distribution Date, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of all such Classes. As to any
Distribution Date and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has
not been satisfied on such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, and (ii) monthly payments of principal and
interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in November of each year that the Certificates are
outstanding, commencing in November, 1998.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Net Mortgage Rates of all
Outstanding Mortgage Loans (the "Weighted Average Rate") as
of such Anniversary Determination Date over (ii) the
Monthly Payment thereof calculated on the assumption that
the Net Mortgage Rate thereon was equal to the Weighted
Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution
Date, (iii) the Purchase Price of any Defective Mortgage
Loans, Defaulted Mortgage Loans, and Modified Mortgage
Loans deposited in the Certificate Account on the Business
Day preceding such Distribution Date (including any amounts
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deposited in the Certificate Account in connection with any
substitution of a Mortgage Loan as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted
Mortgage Loan purchased under an agreement entered into
pursuant to Section 3.08(e) as of the end of the preceding
Prepayment Period less the sum of (x) the Amount Held for
Future Distribution, (y) the amount of any Unanticipated
Recovery credited to the Mortgage Loan Payment Record
pursuant to clause (vi) of Section 3.02, and (z) amounts
permitted to be debited from the Mortgage Loan Payment
Record pursuant to clauses (i) through (vii) and (ix) of
Section 3.04.
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $200,645, as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since the Cut-off Date. As of any
Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the Bankruptcy
Loss Amount on the immediately preceding Anniversary
Determination Date as reduced by the aggregate amount of
Deficient Valuations and Debt Service Reductions since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
shall equal the lesser of (x) the Bankruptcy Loss Amount as
of the preceding Determination Date as reduced by any
Deficient Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Anniversary Determination
Date and (ii) the Formula Amount for such Anniversary
Determination Date.
The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
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Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5, Class PO, Class R and Class S
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Rate: With respect to any Class
of Certificates, other than the Class S Certificates, and
as of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to the Class S
Certificates and any Distribution Date, the Strip Rate for
such Distribution Date.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
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Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
allocated to such Certificate on previous Distribution
Dates. The Notional Certificates are issued without
Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation.
Class A5 Percentage: With respect to any Distribution
Date, the percentage obtained by dividing (x) the Class
Certificate Principal Balance of the Class A5 Certificates
immediately preceding such Distribution Date, by (y) the
aggregate Class Certificate Principal Balance of all of the
Certificates (other than the Class PO Certificates)
immediately preceding such Distribution Date.
Class A5 Prepayment Distribution Percentage: 0%
through the Distribution Date in November 2002; 30%
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thereafter through the Distribution Date in November 2003;
40% thereafter through the Distribution Date in November
2004; 60% thereafter through the Distribution Date in
November 2005; 80% thereafter through the Distribution Date
in November 2006; and 100% thereafter.
Class A5 Principal Distribution Amount: With respect
to any Distribution Date, the sum of (a) the total of the
amounts described in clauses (i) and (iii) of the
definition of Senior Optimal Principal Amount (without
application of the Senior Percentage or the Senior
Prepayment Percentage) for such date multiplied by the
Class A5 Scheduled Distribution Percentage for such date,
and (b) the total of the amounts described in clauses (ii),
(iv) and (v) of the definition of Senior Optimal Principal
Amount (without application of the Senior Prepayment
Percentage) for such date multiplied by the product of (x)
the Class A5 Percentage for such date and (y) the Class A5
Prepayment Distribution Percentage for such date; provided,
however, (i) on the Group I Final Distribution Date, the
Class A5 Principal Distribution Amount will be increased by
any Senior Optimal Principal Amount remaining after
distributions of principal have been made on the Group I
Senior Certificates and (ii) following the Group I Final
Distribution Date, the Class A5 Principal Distribution
Amount will equal the Senior Optimal Principal Amount.
Class A5 Scheduled Distribution Percentage: For any
Distribution Date through the Distribution Date occurring
in November 2002, 0%. For any Distribution Date occurring
after the Distribution Date occurring in November 2002, the
Class A5 Percentage for such Distribution Date.
Notwithstanding the foregoing, on any Distribution Date
after the Group I Final Distribution Date, the Class A5
Scheduled Distribution Percentage will equal the Class A5
Percentage.
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates or any Class consisting of
Specified Components) or any Specified Component, any amount
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by which the amount distributed to Holders of such Class of
Certificates or in respect of such Specified Component (or
added to the Class Certificate Principal Balance of any
Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component constituting a Specified
Component) on such Distribution Date is less than the
Accrued Certificate Interest thereon or in respect thereof
for such Distribution Date. As to any Distribution Date and
any Class of Certificates consisting of Specified
Components, the sum of the Class Interest Shortfalls for
such Components on such date.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the Cross-Over Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: November 25, 1997.
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.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
8
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
Pool Scheduled Principal Balance with respect to such
Distribution Date and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Servicing Fees that the Company would
be entitled to retain on such Distribution Date (less any
portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any Compensating
Interest Payment.
Component: None.
Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at 000 Xxxxxxxx
Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, Attention: Corporate
Trust Department.
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: November 1, 1997.
Debt Service Reduction: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
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of the monthly payment of principal and interest required
to be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect
to any Designated Loan, a Lost Note Affidavit
substantially in the form of Exhibit L, and an
10
assignment of the related Mortgage to the Trustee in
recordable form (except for the omission therein of
recording information concerning such Mortgage).
Designated Loans: The Mortgage Loans identified on
Exhibit M hereto.
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net
Mortgage Rate less than 7.00% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii)
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an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate
or Class S Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i) occurring
after the Bankruptcy Coverage Termination Date or (ii) if
on such date, in excess of the then-applicable Bankruptcy
Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
12
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch Investors Service, L.P. and its
successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Formula Amount: As to each Anniversary Determination
Date, the greater of (i) $100,000 and (ii) the product of
(x) 0.06% and (y) the Scheduled Principal Balance of each
Mortgage Loan remaining in the Mortgage Pool whose original
principal balance was 75% or greater of the Original Value
thereof.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $5,008,170 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
13
through the 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% (from the first through and including the second
anniversaries of the Cut-Off Date) or 0.5% (from and
including the third through and including the fifth
anniversaries of the Cut-Off Date) 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 that would have been allocated to the
Junior Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the most
recent anniversary of the Cut-off Date. After the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Group I Final Distribution Date: The Distribution Date
on which the aggregate Certificate Principal Balance of the
Group I Senior Certificates has been reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4 and Class R Certificate.
Group II Senior Certificate: Any Class A5 Certificate.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: None.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy or
policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), or Component,
the one-month period ending on the last day of the month
preceding the month in which such Distribution Date occurs.
Interest Losses: The interest portion of (i) on or
prior to the Cross-Over Date, any Excess Losses and (ii)
after the Cross-Over Date, any Realized Losses and Debt
Service Reductions.
14
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(a) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received on or after the
sixteenth day of the month preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, on or after the Cut-off Date) but
on or before the last day of the month preceding the
month of such Distribution Date, the difference
between (i) one month's interest at the applicable Net
Mortgage Rate on the Scheduled Principal Balance of
such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the
calendar month of such prepayment (adjusted to the
applicable Net Mortgage Rate) received at the time of
such prepayment;
(c) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received by the Company
(or of which the Company receives notice, in the case
of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the fifteenth
day of the month of such Distribution Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
Junior Certificate: Any Class M or Class B
Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
15
following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustment for
previous Principal Prepayments and Debt Service
Reductions subsequent to the Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(other than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, and 100% of any Senior Optimal Principal
Amount not distributed to the Senior Certificates
on such Distribution Date, together with the
Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during
the related Prepayment Period (other than in
respect of Mortgage Loans described in clause (B))
and (B) the principal balance of each Mortgage
Loan that was purchased by an insurer from the
Trustee during the related Prepayment Period
pursuant to the related Primary Insurance Policy,
over (y) the amount distributable pursuant to
clause (iii) of the definition of Senior Optimal
Principal on such Distribution Date;
(iv) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
16
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
has been reduced to zero, the Junior Prepayment Percentage
shall be 100%, and (ii) after the Cross-Over Date, the
Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: November 25, 2029.
LIBOR: The per annum rate determined, pursuant to
Section 5.08, on the basis of London interbank offered rate
quotations for one-month Eurodollar deposits, as such
quotations may appear on the display designated as page
"LIBO" on the Reuters Monitor Money Rates Service (or such
other page as may replace the LIBO page on the Reuters
Monitor Money Rates Service for the purpose of displaying
London interbank offered quotations of major banks).
LIBOR Certificates: None.
LIBOR Determination Date: The second London Business
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
17
under any Primary Insurance Policy for reasons other than
the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to
Section 3.03 or Section 3.06 respecting the related
Mortgage Loan and any related and unreimbursed Property
Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
London Business Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
Modified Mortgage Loan: Any Mortgage Loan which the
Company has modified pursuant to Section 3.01(c).
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted
to the related Net Mortgage Rate) on the Mortgage Loans
that were due on the related Due Date, without regard to
any arrangements entered into by the Company with the
related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business Day
next preceding the related Determination Date, less (b) the
amount of any such payments which the Company or the
Trustee, as applicable, in its reasonable judgment believes
will not be ultimately recoverable by it either out of late
payments by the Mortgagor, Net Liquidation Proceeds,
Insurance Proceeds, REO Proceeds or otherwise. With respect
to any Mortgage Loan, the portion of any such advance or
advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Xxxxx'x Investors Service, Inc. and its
successors.
18
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls for such Distribution Date over any
Compensating Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
19
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 7.00% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 7.00%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class S Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution
Date and the Class S Certificates, the aggregate Scheduled
Principal Balance of the Outstanding Non-Discount Mortgage
Loans as of the Due Date in the month preceding such
Distribution Date. As to any Distribution Date and any
20
Class S Certificate, such Certificate's Percentage Interest
of the aggregate Notional Principal Balance of the Class S
Certificates for such Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a), 3.01(c) or 3.16 or
replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Mortgage
Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: None.
PAC Component: None.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the Accrued
21
Certificate Interest for such Class and Distribution Date,
and the denominator of which is the Class Certificate
Principal Balance (or, in the case of the Notional
Certificates, the Notional Principal Balance) of such Class
immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
22
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 7.00% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
7.00%. As to any Non-Discount Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
applicable PO Percentage of:
(i) the principal portion of each Monthly Payment due
on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and Debt Service Reductions subsequent
to the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) all principal prepayments in part received during
the related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
23
(iii) the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each
Mortgage Loan that became a Liquidated Mortgage
Loan during the related Prepayment Period (other
than Mortgage Loans described in clause (B)) and
(B) the principal balance of each Mortgage Loan
purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be
modified to reduce the Scheduled Principal Balance
of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to
the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool Scheduled Principal Balance: With respect to any
Distribution Date, the aggregate Scheduled Principal
Balance of all the Mortgage Loans that were Outstanding
Mortgage Loans on the Due Date in the month next preceding
the month of such Distribution Date (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 250% of the Prepayment
Assumption.
24
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Scheduled Principal
Balance for such Distribution Date, equals or exceeds (y)
such percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cut-off Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
25
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: Any Class PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01, any Purchase
Price of a Modified Mortgage Loan purchased pursuant to
Section 3.01(c) and any REO Proceeds treated as such
pursuant to Section 3.08(b)) which is received in advance
of its scheduled Due Date and is not accompanied by an
amount of interest representing scheduled interest for any
month subsequent to the month of prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated November 20, 1997.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-24, 55 Fed. Reg.
20548, May 17, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net
26
of unreimbursed Monthly Advances with respect to such
Mortgage Loan, and the interest component of the Purchase
Price may be computed on the basis of the Net Mortgage Rate
for such Mortgage Loan; and provided, further, that if such
Mortgage Loan is a Modified Mortgage Loan, the interest
component of the Purchase Price shall be computed (i) on
the basis of the applicable Mortgage Rate before giving
effect to the related modification and (ii) from the date
to which interest was last paid to the date on which such
Modified Mortgage Loan is assigned to the Company pursuant
to Section 3.01(c).
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If 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 Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Junior Certificates (other than
the Class B5 Certificates), Fitch shall be the sole Rating
Agency. The Class B5 Certificates are issued without
ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
27
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Office of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
may be in effect from time to time, as well as provisions
of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
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.
Restricted Certificate: Any Restricted Junior
Certificate, Class PO Certificate or Class S Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Rating Services, a division of
The XxXxxx-Xxxx Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
28
Scheduled Certificates: None.
Scheduled Component: None.
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 next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Certificate other than a
Junior Certificate or Class S Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates
(other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustments for
previous Principal Prepayments and Debt Service
Reductions subsequent to the Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, together with the Senior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
29
Loan which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan
that became a Liquidated Mortgage Loan (other than
Mortgage Loans described in clause (B)) during the
related Prepayment Period and (B) the Scheduled
Principal Balance of each Mortgage Loan that was
purchased by an insurer from the Trustee during
the related Prepayment Period pursuant to the
related Primary Insurance Policy, as reduced in
each case by the Senior Percentage of the
applicable Non-PO Percentage of the principal
portion of any Excess Losses (other than Excess
Bankruptcy Losses attributable to Debt Service
Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO Percentage of
the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each
such Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) and (B) the
principal balance of each such Mortgage Loan
purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates other
30
than any Class PO Certificates immediately prior to such
Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to November
2002 to and including the Distribution Date in
November 2003, the Senior Percentage for such
Distribution Date plus 70% of the Junior
Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to November
2003 to and including the Distribution Date in
November 2004, the Senior Percentage for such
Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to November
2004 to and including the Distribution Date in
November 2005, the Senior Percentage for such
Distribution Date plus 40% of the Junior
Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to November
2005 to and including the Distribution Date in
November 2006, the Senior Percentage for such
Distribution Date plus 20% of the Junior
Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, (i) if on any Distribution
Date the Senior Percentage exceeds the Senior Percentage as
of the Closing Date, the Senior Prepayment Percentage for
such Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage below the level in effect
for the most recent prior period as set forth in clauses
(i) through (iv) above shall be effective on any
Distribution Date unless at least one of the following two
tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
31
any Mortgage Loans in foreclosure and REO Mortgage
Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior
Certificates as of such date, does not exceed 50%, and
(ii) cumulative Realized Losses with respect to the
Mortgage Loans do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the Junior
Certificates as of the Closing Date (the "Original
Subordinate Principal Balance") if such Distribution
Date occurs between and including December 2002 and
November 2003, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including December 2003 and November 2004,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2004 and November 2005, (d) 45% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2005 and November 2006 and (e) 50% of the
Original Subordinate Principal Balance if such
Distribution Date occurs during or after December
2006; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) averaged over the last three months, as a
percentage of the aggregate Scheduled Principal
Balance of Mortgage Loans averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do
not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including December 2002 and November 2003,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2003 and November 2004, (c) 20% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2004 and November 2005, (d) 25% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including
December 2005 and November 2006, and (e) 30% of the
Original Subordinate Principal Balance if such
Distribution Date occurs during or after December
2006.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
32
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per
annum rate identified as such for such Mortgage Loan and set
forth in the Mortgage Loan Schedule.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized 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 required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company 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 Realized Loss suffered by the Trust Fund
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
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,008,170 minus the sum of (i) the
aggregate amount of Special Hazard Losses that would have
33
been allocated to the Junior Certificates in accordance
with Section 4.03 in the absence of the Loss Allocation
Limitation and (ii) the Adjustment Amount (as defined
below) as most recently calculated. On each anniversary of
the Cut-off Date, the "Adjustment Amount" 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 Adjustment Amount for such
anniversary) exceeds the lesser of (x) 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 and (B) twice the
outstanding principal balance of the Mortgage Loan which
has the largest outstanding principal balance on the
Distribution Date immediately preceding such anniversary,
and (y) an amount calculated by the Company and approved by
each Rating Agency, which amount shall not be less than
$500,000.
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 (x) 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 (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Specified Component: None.
Startup Day: As defined in Section 2.06(c).
Strip Rate: With respect to the Class S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the weighted average (by Scheduled
Principal Balance) carried to six decimal places, rounded
down, of the Net Mortgage Rates of the Outstanding
Non-Discount Mortgage Loans as of the Due Date in the
preceding calendar month (or the Cut-off Date, in the case
of the first Distribution Date) over (y) 7.00%; provided,
however, that such calculation shall not include any
Mortgage Loan that was the subject of a Voluntary Principal
Prepayment in full received by the Company (or of which the
Company received notice, in the case of a Mortgage Loan
serviced by a Primary Servicer) on or after the first day
but on or before the 15th day of such preceding calendar
month.
34
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; fifth, the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and sixth, the Class M Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, any amount distributed to the
Class PO Certificates on such Distribution Date pursuant to
Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i)
the sum of the Class Certificate Principal Balances of all
the Certificates (after giving effect to the distribution
of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance on the first day
of the month of such Distribution Date less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
TAC Certificates: None.
TAC Component: None.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
35
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) the obligation of the Company to purchase any
Modified Mortgage Loan pursuant to Section 3.01(c);
(vi) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan;
(vii) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans;
(viii) the Certificate Account established pursuant
to Section 3.02(d);
(ix) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e); and
36
(x) any collateral funds established to secure
the obligations of the Holder of the Class B4 and
Class B5 Certificates, respectively, under any
agreements entered into between such holder and the
Company pursuant to Section 3.08(e).
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(e)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates and any Class
consisting of Specified Components) or any Specified
Component (other than any Principal Only Component), the
amount, if any, by which the aggregate of the Class
Interest Shortfalls for such Class or in respect of such
Specified Component for prior Distribution Dates is in
excess of the aggregate amounts distributed on prior
Distribution Dates to Holders of such Class of Certificates
or in respect of such Specified Component (or added to the
Class Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of any
Accrual Component constituting a Specified Component)
pursuant to Section 4.01(a)(ii), in the case of the Senior
Certificates and any Specified Component thereof (other
than any Principal Only Component), and the Class S
Certificates, Section 4.01(a)(vi), in the case of the Class
M Certificates, Section 4.01(a)(ix), in the case of the
Class B1 Certificates, Section 4.01(a)(xii), in the case of
the Class B2 Certificates, Section 4.01(a)(xv), in the case
of the Class B3 Certificates, Section 4.01(a)(xviii), in
the case of the Class B4 Certificates, and Section
4.01(a)(xxi), in the case of the Class B5 Certificates. As
to any Class of Certificates consisting of Specified
Components and any Distribution Date, the sum of the Unpaid
Class Interest Shortfalls for the Specified Components
thereof on such date.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
37
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)).
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 98% of all Voting
Rights shall be allocated to the Certificates other than
the Class S Certificates, and 2% of all Voting Rights shall
be allocated to the Class S Certificates. Voting Rights
allocated to the Class S Certificates shall be allocated
among the Certificates of such Class in proportion to their
Notional Principal Balances. Voting Rights allocated to the
other Classes of Certificates shall be allocated among such
Classes (and among the Certificates within each such Class)
in proportion to their Class Certificate Principal Balances
(or Certificate Principal Balances), as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to each Mortgage Loan
(other than any Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable directly to the
Company or may show a complete chain of endorsement from
the named payee to the Company;
(ii) Any assumption and modification agreement; and
38
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee prior to or concurrently with the execution and
delivery of this Agreement, due to a delay in connection with
recording of the Mortgage, the Company may, in lieu of delivering
the completed assignment in recordable form, deliver to the
Trustee the assignment in such form, otherwise complete except
for recording information.
With respect to each Designated Loan, the Company does
hereby deliver to the Trustee the Designated Loan Closing
Documents.
In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon;
(ii) a copy of the title insurance policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans.
The Company shall also retain in its files evidence of any
primary mortgage insurance relating to the Mortgage Loans during
the period when the related insurance is in force. Pending
delivery of the documents referred to in the second preceding
sentence, such evidence of primary mortgage insurance shall
include a copy of the relevant Primary Insurance Policy. (The
copies of the Mortgage, intervening assignments of Mortgage, if
any, title insurance binder and the Primary Insurance Policy, if
any, described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
39
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
The Company shall not be required to record the
assignments of the Mortgages to the Trustee unless the Company or
the Trustee obtains actual notice or knowledge of the occurrence
of any Trigger Event; provided, however, that such recording
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to reduce or
withdraw its then current ratings of the Certificates. The party
obtaining actual notice or knowledge of any of such events shall
give the other party prompt written notice thereof. For purposes
of the foregoing (as well as for purposes of determining whether
the Company shall be required to deliver the Document Files to
the Trustee following the occurrence of a Trigger Event), the
Company shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment which relates to a Mortgage Loan secured by property
in a jurisdiction under the laws of which, on the basis of an
Opinion of Counsel reasonably satisfactory to the Trustee and
satisfactory to each Rating Agency (as evidenced in writing),
recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or
any valid assertion that any Person other than the Trustee has
title to or any rights in such Mortgage Loan. In the event that
the Company fails or refuses to record the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
40
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or cause to be recorded, the assignments of Mortgages at
the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, and the Designated Loan Closing Documents, if any, delivered
pursuant to Section 2.01, and declares that the Trustee holds and
will hold such documents and each other document delivered to it
pursuant to Section 2.01 in trust, upon the trusts herein set
forth, for the use and benefit of all present and future
Certificateholders. The Trustee agrees, for the benefit of
Certificateholders, to review each Mortgage File within 45 days
after (i) the execution and delivery of this Agreement, in the
case of the Mortgage Notes, the assignments of the Mortgages to
the Trustee, the assumption and modification agreements, if any,
and the Designated Loan Closing Documents, if any, (ii) delivery
to the Trustee after the Closing Date of the Mortgage Notes and
the assumption and modification agreements, if any, with respect
to each Designated Loan, and (iii) delivery of the recorded
Mortgages, title insurance policies and recorded intervening
assignments of Mortgage, if any, to ascertain that all required
documents set forth in Section 2.01 have been executed, received
and recorded, if applicable, and that such documents relate to
the Mortgage Loans identified in Exhibit C hereto. In performing
such examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
41
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto. It is understood and
agreed that the obligation of the Company to repurchase or
replace any Mortgage Loan as to which a material defect in a
constituent document exists shall constitute the sole remedy
respecting such defect available to Certificateholders or the
Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, each Mortgage is a valid and enforceable
first lien on the property securing the related Mortgage
Note subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other matters of
public record as of the date of recording of such Mortgage,
such exceptions appearing of record being acceptable to
mortgage lending institutions generally in the area wherein
the property subject to the Mortgage is located or
specifically reflected in the appraisal obtained in
connection with the origination of the related Mortgage
Loan obtained by the Company and (c) other matters to which
like properties are
42
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by such
Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, there is no mechanics' lien or claim for
work, labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those
which are insured against by the title insurance policy
referred to in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, there is no delinquent tax or assessment lien
against the property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
is free of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) A lender's title insurance policy or binder, or
other assurance of title insurance customary in the
relevant jurisdiction therefor was issued on the date of
the origination of each Mortgage Loan and each such policy
or binder is valid and remains in full force and effect;
(xi) The original principal amount of each Mortgage
Note was not more than 95.00% of the Original Value; as of
43
the Cut-off Date, no more than 20.25% of the Mortgage Loans
by Scheduled Principal Balance had original principal
amounts of more than 80% of the Original Value and each
Mortgage Note having an original principal amount in excess
of 80% of the Original Value is covered by a Primary
Insurance Policy so long as its then outstanding principal
amount exceeds 80% of the greater of (a) the Original Value
and (b) the then current value of the related Mortgaged
Property as evidenced by an appraisal thereof satisfactory
to the Company. Each Primary Insurance Policy is issued by
a private mortgage insurer acceptable to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the first day of
each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 6.875% per annum and not greater
than 9.500% per annum. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) The improvements on the Mortgaged Properties are
insured against loss under a hazard insurance policy with
extended coverage and conforming to the requirements of
Section 3.06 hereof. As of the date of initial issuance of
the Certificates, all such insurance policies are in full
force and effect;
(xiv) As of the Cut-off Date, (i) no more than 7% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $500,000 and up to
and including $750,000; (ii) no more than 3% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $750,000 and up to
and including $1,000,000; and (iii) no more than 0.5% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $1,000,000.
(xv) As of the Cut-off Date, no more than 1% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties located in any one postal zip code
area;
(xvi) As of the Cut-off Date, at least 97% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties determined by the Company to be the
primary residence of the Mortgagor. The basis for such
determination is the making of a representation by the
Mortgagor at origination that he or she intends to occupy
the underlying property;
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(xvii) As of the Cut-off Date, at least 93% of the
Mortgage Loans by Scheduled Principal Balance are secured
by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 3.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by condominiums and, as of the Cut-off Date, no more than
1.25% of the Mortgage Loans by Scheduled Principal Balance
are secured by two- to four-family residential properties.
As to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans by Scheduled
Principal Balance are secured by condominiums located in
any one postal zip code area;
(xix) No Mortgage Loan is secured by a leasehold
interest in the related Mortgaged Property, and each
Mortgagor holds fee title to the related Mortgaged
Property;
(xx) As of the Cut-off Date, no more than 0.75% of the
Mortgage Loans by Scheduled Principal Balance constituted
Buydown Mortgage Loans. The maximum Buydown Period for any
Buydown Mortgage Loan is three years, and the maximum
difference between the stated Mortgage Rate of any Buydown
Mortgage Loan and the rate paid by the related Mortgagor is
three percentage points. Each Buydown Mortgage Loan has
been fully funded;
(xxi) The original principal balances of the Mortgage
Loans range from $34,876 to $1,312,000;
(xxii) As of the Cut-off Date, no more than 2.5% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes and no more than 0.5% of the Mortgage Loans
by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund - The Mortgage Loans" in the prospectus
dated November 20, 1997, included in the registration
45
statement on Form S-3 (file no. 333-24935) filed by the
Company with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes of the
Certificates;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) To the best of the Company's knowledge, at
origination no improvement located on or being part of a
Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect
of such construction shall not be material or interfere
with the habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in
connection with such completion or a performance bond or
completion bond is in place to provide funds for this
purpose and such completion shall be accomplished within
120 days after weather conditions permit the commencement
thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of the
Code; and
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and the
related Mortgages and intervening assignment or assignments
of Mortgages, if any, have been delivered to a title
insurance company for recording.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which 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. Subject to the
following sentence, within 60 days of its discovery or its
46
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
47
one month's interest thereon at the respective Net Mortgage Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions.
(a) The Company hereby designates the Classes of Certificates
identified in Section 5.01(b), other than the Residual
Certificates, as "regular interests," and the Class R Certificate
as the single class of "residual interests," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
48
(c) The "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a Class R
Certificate, or (ii) in any other case, the beneficial owner of
the Class R Certificate having the largest Percentage Interest of
such Class; provided, however, that such largest beneficial owner
and, to the extent relevant, each other holder of a Class R
Certificate, by its acceptance thereof irrevocably appoints the
Company as its agent and attorney-in-fact to act as "tax matters
person" with respect to the REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the REMIC established hereunder.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that the REMIC established hereunder shall constitute,
and that the affairs of the REMIC shall be conducted so as to
qualify the Trust Fund (other than any collateral fund
established under the agreement referred to in Section 3.08(e)),
as a "real estate mortgage investment conduit" as defined in and
in accordance with the REMIC Provisions. In furtherance of such
intention, the Company covenants and agrees that it shall act as
agent (and the Company is hereby appointed to act as agent) on
behalf of the Trust Fund and the Holders of the Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to the REMIC established
hereunder, using the calendar year as the taxable year and
the accrual method of accounting, containing such
information and at the times and in the manner as may be
required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be
furnished to Certificateholders the schedules, statements or
49
information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of the REMIC established
hereunder for this purpose), together with such additional
information as may be required by such Form, and shall
update such information at the time or times and in the
manner required by the Code;
(iii) make or cause to be made an election, on behalf of
the REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05 hereof on the federal tax
return of the Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions, including without limitation, the calculation
of any original issue discount using the Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of the REMIC established hereunder at all times
that any Certificates are outstanding so as to maintain the
status thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of the REMIC or that would subject the
50
Trust Fund to tax, except for taxes for which the Company
is required to indemnify the REMIC pursuant to Section
3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" in the REMIC within the meaning of
section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless (1) the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause the REMIC established hereunder to fail to qualify as
a REMIC or (2) such "prohibited transactions" arise from
the modification, holding or purchase of a Modified
Mortgage Loan pursuant to Section 3.01(c);
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC, except such as may arise from the
modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the REMIC after the Startup Day, and taxes
on net income from foreclosure property, imposed on the
Trust Fund when and as the same shall be due and payable
(but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in
appropriate proceedings and shall not prevent the Company
from withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to the REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities thereof,
and the fair market value and adjusted basis of the
property of each determined at such intervals as may be
required by the Code, as may be necessary to prepare the
foregoing returns, schedules, statements or information.
51
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
52
(c) The Company may agree to a modification of any
Mortgage Loan (the "Relevant Mortgage Loan") upon the request of
the related Mortgagor, provided that (i) the modification is in
lieu of a refinancing and the Mortgage Rate on the Relevant
Mortgage Loan, as modified, is approximately a prevailing market
rate for newly-originated mortgage loans having similar terms,
(ii) the aggregate of the adjusted bases of all Modified Mortgage
Loans (including the Relevant Mortgage Loan) plus the aggregate
adjusted bases of any assets that are not qualified mortgages or
Permitted Investments under Code Section 860GA that are assets of
the REMIC established hereunder at all times on any day is less
than one percent of the aggregate of the adjusted bases of all
assets of the REMIC (including such Modified Mortgage Loans) on
such day, and (iii) the Company purchases the Relevant Mortgage
Loan from the Trust Fund as described below. Effective
immediately after such modification, and, in any event, on the
same Business Day on which the modification occurs, all right,
title and interest of the Trustee in and to the Modified Mortgage
Loan shall automatically be deemed transferred and assigned to
the Company and all benefits and burdens of ownership thereof,
including without limitation the right to accrued interest
thereon from and including the date of modification and the risk
of default thereon, shall pass to the Company. To confirm such
transfer and assignment, the Company, as servicer hereunder, as
soon as practicable shall execute an instrument of assignment of
the Modified Mortgage Loan without recourse in customary form to
the Company in its individual capacity. The Company shall
promptly deliver to the Trustee a certification of a Servicing
Officer to the effect that (i) an amount equal to the Purchase
Price of such Modified Mortgage Loan has been credited to the
Mortgage Loan Payment Record on the date of the transfer and
assignment of such Modified Mortgage Loan to the Company and (ii)
all requirements of the first paragraph of this subsection (c)
have been satisfied with respect to such Modified Mortgage Loan.
The Company shall deposit the Purchase Price for any
Modified Mortgage Loan in the Certificate Account pursuant to
Section 3.02(d) on the Business Day prior to the Distribution
Date on which such funds are considered Available Funds,
provided, however, that if the Company is required to deposit
funds in one or more Eligible Accounts on a daily basis pursuant
to Section 3.02(e), the Purchase Price for any Modified Mortgage
Loan shall be deposited therein within one Business Day after the
purchase of such Modified Mortgage Loan. Upon receipt by the
Trustee of written notification of any such deposit signed by a
Servicing Officer, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary more fully to vest in the Company
any Modified Mortgage Loan previously transferred and assigned
pursuant hereto.
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The Company covenants and agrees to indemnify the
Trust Fund against any and all liability for any "prohibited
transaction" taxes and any related interest, additions and
penalties imposed on the REMIC established hereunder as a result
of any modification of a Mortgage Loan effected pursuant to this
subsection (c), any holding of a Modified Mortgage Loan by the
REMIC or any purchase of a Modified Mortgage Loan by the Company
(but such obligation shall not prevent the Company or any other
appropriate Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from withholding
payment of such tax, if permitted by law, pending the outcome of
such proceedings). The Company shall have no right of
reimbursement for any amount paid pursuant to the foregoing
indemnification, except to the extent that the amount of any tax,
interest and penalties, together with interest thereon, is
refunded to the Trust Fund or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee 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.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
54
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than 125 days
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record in which the following payments on
and collections in respect of each Mortgage Loan shall as
promptly as practicable be credited by the Company for the
account of the Holders of the Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or before
the Determination Date in the month of substitution, and all
Principal Prepayments received before the first day of the
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month of substitution, and (C) in the case of a replaced
Mortgage Loan, payments of principal due and payable on
such Mortgage Loan after the Determination Date in the
month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Net Mortgage Rate
on the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Net Mortgage Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03, 3.01(c) and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company;
(v) All REO Proceeds; and
(vi) All Unanticipated Recoveries.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees or late charge penalties
payable by Mortgagors, or amounts received by the Company for the
account of Mortgagors for application towards the payment of
taxes, insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be deposited in the Certificate Account pursuant to
56
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
deposit amounts in the Certificate Account pursuant to subsection
(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall deposit, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such deposit by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+ then, notwithstanding subsection
(c) above, the Company shall promptly establish, and thereafter
maintain, one or more Eligible Accounts in the name of the
Trustee and bearing a designation indicating that amounts therein
are held for the benefit of the Trustee and the
Certificateholders, into which the Company and any Primary
Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not
in its capacity as Trustee, may mature on such Distribution Date;
and, provided further, that no
57
such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of
gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause the REMIC established hereunder to fail to qualify
as a REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and deposits to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. The Company shall establish and maintain with one or
more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private
mortgage or hazard insurance premiums or comparable items for the
account of the Mortgagors. As servicer, the Company shall effect
the timely payment of all such items for the account of
Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
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(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan, Defaulted Mortgage Loan, or
Modified Mortgage Loan purchased by the Company to the
extent that the distribution of any such amounts on the
Distribution Date upon which the proceeds of such purchase
are distributed would make the total amount distributed in
respect of any such Mortgage Loan on such Distribution Date
greater than the Purchase Price therefor, net of any
unreimbursed Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
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(viii) To make deposits into the Certificate Account
pursuant to Section 3.02(d); and
(ix) to deduct any amount credited to the Mortgage Loan
Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage
60
Loan purchased by a related insurer) shall be credited to the
Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan
hazard insurance with a standard mortgagee clause and with
extended coverage in an amount which is at least equal to the
maximum insurable value of the improvements securing such
Mortgage Loan from time to time or the principal balance owing on
such Mortgage Loan from time to time, whichever is less. The
Company shall also maintain on property acquired upon
foreclosure, or by deed in lieu of foreclosure, hazard insurance
with extended coverage in an amount which is at least equal to
the lesser of (i) the maximum insurable value from time to time
of the improvements which are a part of such property or (ii) the
unpaid principal balance of such Mortgage Loan at the time of
such foreclosure or deed in lieu of foreclosure plus accrued
interest and the good-faith estimate of the Company of related
Liquidation Expenses to be incurred in connection therewith. To
the extent provided in Section 3.02(b)(iv), amounts collected by
the Company under any such policies in respect of the Mortgage
Loans shall be credited to the Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
3.03 and 3.04. In cases in which property securing any Mortgage
Loan is located in a federally designated flood area, the hazard
insurance to be maintained for such Mortgage Loan shall include
flood insurance. All such flood insurance shall be in such
amounts as are required under applicable guidelines of FNMA. The
Company shall be under no obligation to require that any
Mortgagor maintain earthquake or other additional insurance and
shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans, it shall conclusively be deemed to have
satisfied its obligations as set forth in the first sentence of
this Section 3.06, it being understood and agreed that such
policy may contain a deductible clause, in which case the Company
shall, in the event that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
61
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
62
Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
foreclosure proceedings are terminated prior to completion, other
than sums received from the Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
63
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to the close of the
third calendar year after its acquisition by the Trust Fund
unless (a) the Trustee shall have been supplied with an Opinion
of Counsel to the effect that the holding by the Trust Fund of
such Mortgaged Property subsequent to such period (and specifying
the period beyond such period for which the Mortgaged Property
may be held) will not result in the imposition of taxes on
"prohibited transactions" of the Trust Fund as defined in section
860F of the Code, or cause the REMIC established hereunder to
fail to qualify as a REMIC at any time that any Certificates are
outstanding, in which case the Trust Fund may continue to hold
such Mortgaged Property (subject to any conditions contained in
such Opinion of Counsel), or (b) the Trustee (at the Company's
expense) or the Company shall have applied for, not later than 61
days prior to the expiration of such period, an extension of such
period in the manner contemplated by section 856(e)(3) of the
Code, in which case such period shall be extended by the time
period permitted by section 856(e)(3) of the Code.
Notwithstanding any other provision of this Agreement, no
Mortgaged Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used for the
production of income by or on behalf of the Trust Fund or sold in
such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code,
(ii) subject the Trust Fund to the imposition of any federal or
state income taxes on "net income from foreclosure property" with
respect to such Mortgaged Property within the meaning of section
860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income
from non-permitted assets as described in section 860F(a)(2)(B)
of the Code, unless the Company has agreed to indemnify and hold
harmless the Trust Fund with respect to the imposition of any
such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
64
last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated between the Servicing Fee and interest
at the Net Mortgage Rate in proportion to the amount of such
accrued interest which would have been allocated to each such
category in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
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In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the Mortgage Loan
Payment Record pursuant to Section 3.02 have been so credited) of
a Servicing Officer and shall request delivery to it of the
Mortgage File. If a Buydown Mortgage Loan is the subject of a
Principal Prepayment in full during the related Buydown Period,
the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of satisfaction shall be recorded by
the Company if required by applicable law and be delivered to the
Person entitled thereto, it being understood and agreed that no
expenses incurred in connection with such instrument of
satisfaction shall be reimbursed from amounts at the time
credited to the Mortgage Loan Payment Record. From time to time
and as appropriate for the servicing or foreclosure of any
Mortgage Loan (including, without limitation, collection under
any Primary Insurance Policy), the Trustee shall, upon request of
the Company and delivery to the Trustee of a receipt signed by a
Servicing Officer, release the related Mortgage File to the
Company and shall execute such documents as shall be necessary to
the prosecution of any such proceedings. Such receipt shall
obligate the Company to return the Mortgage File to the Trustee
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when the need therefor by the Company no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of
a certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced by the amount of any Compensating Interest Payment for
such Distribution Date. Additional servicing compensation in the
form of Prepayment Interest Excess, assumption fees, modification
fees, late payment charges, interest income or gain with respect
to amounts deposited in the Certificate Account and invested by
the Company or otherwise shall be retained by the Company,
subject to Section 3.10(b), if applicable. The Company shall be
required to pay all expenses incurred by it in connection with
its activities hereunder (including payment of Trustee fees and
all other fees and expenses not expressly stated hereunder to be
for the account of the Certificateholders) and shall not be
entitled to reimbursement therefor except as provided in Sections
3.01, 3.03, 3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
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covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of
such noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct
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servicing of Mortgage Loans by any primary servicer, upon
comparable reports of independent public accountants with
respect to such primary servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds from the
Certificate Account and shall make distributions to Holders of
the Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
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(i) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, the Accrued Certificate Interest thereon for
such Distribution Date; provided that any shortfall in
available amounts shall be allocated among such Classes in
proportion to the amount of Accrued Certificate Interest
that would otherwise be distributable thereon or added to
the Certificate Principal Balance thereof;
(ii) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) and the Class S
Certificates, any related Unpaid Class Interest Shortfall
for such Distribution Date; provided that any shortfall in
available amounts shall be allocated among such Classes in
proportion to the Unpaid Class Interest Shortfall for each
such Class on such Distribution Date;
(iii) to the Classes of Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Class A5 Certificates, the Class A5
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(B) to the Group I Senior Certificates, the
Senior Optimal Principal Amount for such Distribution
Date, as reduced by the Class A5 Principal
Distribution Amount distributed in accordance with
clause (A), in the following order of priority;
(1) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(2) to the Class A1 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to $264,320,000;
(3) concurrently, to the Class A1 and Class
A2 Certificates, 93.3333333333% and
6.0000000000%, respectively, of the amount
described in clause (iii)(B) above, after giving
effect to clauses (iii)(B)(1) and (iii)(B)(2)
above, until the Class Certificate Principal
Balance of the Class A1 Certificates has been
reduced to zero;
(4) to the Class A2 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
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(5) to the Class A3 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(6) to the Class A4 Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
(C) to the Class PO Certificates, the PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero.
(iv) to the Class PO Certificates, any Class PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Junior Optimal Principal Amount for such
Distribution Date, until the Class Certificate Principal
Balance of such Class has been reduced to zero; provided,
that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
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Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
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Available Funds for such Distribution Date after application of
all amounts described in clause (a) of this Section 4.01,
together with any Unanticipated Recoveries received by the
Company in the calendar month preceding the month of such
Distribution Date and not distributed on such Distribution Date
to the holders of outstanding Certificates of any other Class
pursuant to Section 4.01(e). Any distributions pursuant to this
clause (b) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Sections 4.01(a)(iii)(A) and (B) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Senior Certificates, pro rata, on the basis of their
respective Class Certificate Principal Balances immediately prior
to such Distribution Date, regardless of the priorities and
amounts set forth in Sections 4.01(a)(iii)(A) and (B).
(d) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a) have been distributed, such
amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority,
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
Class of Certificates has been reduced to zero, the holders of
such Class shall not entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
73
of this subsection (e). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with Section 4.01(e). Any
distributions made pursuant to this Section 4.01(e) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to the
Class PO Certificates, based on the applicable PO Percentage of
the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans
for purposes of the next to last sentence of the preceding
paragraph), and (ii) with respect to any other Class of
Certificates, based on its pro rata share (in proportion to the
Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the
principal portion of any such Realized Loss previously allocated
with respect to such Mortgage Loan (or Loans); provided, however,
that (i) the share of an Unanticipated Recovery allocable to a
Class PO Certificate with respect to any Mortgage Loan (or Loans)
shall be reduced by the aggregate amount previously distributed
to such Class on account of the applicable Class PO Deferred
Amount in respect of such Mortgage Loan (or Loans) and (ii) the
amount by which the distributions to the Class PO Certificates
have been so reduced shall be distributed to the Classes of
Certificates described in clause (ii) of the preceding paragraph
in the same proportion as described in such clause (ii). For
purposes of the preceding sentence, any Class PO Deferred Amount
distributed to a Class PO Certificate on previous Distribution
Dates shall be deemed to have been allocated in respect of the
Mortgage Loans as to which the applicable PO Percentage of the
principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount
of Realized Losses so allocated).
Section 4.02. Method of Distribution. (a) All
distributions with respect to each Class of Certificates on each
Distribution Date shall be made pro rata among the outstanding
Certificates of such Class, based on the Percentage Interest in
such Class represented by each Certificate. Payments to the
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Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
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or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
Balances; provided, that any such loss allocated to
any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
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Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss (other than Excess
Bankruptcy Losses attributable to Debt Service Reductions) shall
be allocated as follows: (1) the PO Percentage of any such loss
shall be allocated to the Class PO Certificates, and (2) the
Non-PO Percentage of any such loss shall be allocated to each
Class of Certificates other than the Class PO Certificates, pro
rata, based on the respective Class Certificate Principal
Balances thereof; provided, that any such loss allocated to any
Class of Accrual Certificates (and any Accrual Component) shall
be allocated (subject to Section 4.03(d)) on the basis of the
lesser of (x) the Class Certificate Principal Balance (or
Component Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance) thereof on the
Closing Date (as reduced by any Realized Losses previously
allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
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Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Scheduled Principal Balance of the Mortgage Loans as of
the first day of the month of such Distribution Date, less any
Deficient Valuations occurring on or prior to the Bankruptcy
Coverage Termination Date (such limitation, the "Loss Allocation
Limitation").
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a) or purchase
any Modified Mortgage Loan pursuant to Section 3.01(c)), no
Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs (or, in the case of a
purchase of a Modified Mortgage Loan, in the month in which the
Purchase Price thereof is required to be deposited in the
Certificate Account). The Company shall include information as to
each of such determinations in the Servicer's Certificate
furnished by it to the Trustee in accordance with Section 4.06
and shall be obligated to deposit in the Certificate Account
pursuant to Section 3.02(d) on or before 11:00 a.m. New York time
on the Business Day next preceding the following Distribution
Date the respective amounts applicable to such determinations
appearing in such Servicer's Certificate. Upon receipt by the
Trustee of written notification signed by a Servicing Officer of
any such deposit relating to the purchase by the Company of such
a Mortgage Loan, the Trustee shall release to the Company the
related Mortgage 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 Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company deposits or expects
to deposit less than the Available Funds required to be deposited
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by it pursuant to Section 3.02(d), the Company shall so notify
the Trustee no later than 9:00 a.m. on the Business Day preceding
the related Distribution Date, and the amount so deposited, if
any, shall be deemed to have been deposited first pursuant to
clause (i) of the definition of Available Funds, second pursuant
to clause (iii) of the definition of Available Funds, and third
pursuant to clause (ii) of the definition of Available Funds.
Such notice shall specify each Mortgage Loan delinquent as of the
preceding Determination Date. In such event, the Trustee shall
make any Monthly Advance required to be made hereunder, in the
manner and to the extent required; provided, the Trustee shall
not be so obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. (a)
Each month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
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(iv) The Pool Scheduled Principal Balance and the
aggregate number of the Mortgage Loans on the preceding Due
Date after giving effect to all distributions allocable to
principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of any
Modified Mortgage Loan purchased pursuant to Section
3.01(c);
(x) The Certificate Interest Rates of any LIBOR
Certificates, any COFI Certificates and the Class S
Certificates applicable to the Interest Accrual Period
relating to such Distribution Date and such Class;
(xi) The Senior Percentage and Junior Percentage for
such Distribution Date;
(xii) The Senior Prepayment Percentage and the Junior
Prepayment Percentage for such Distribution Date; and
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(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
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Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1997, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (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, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $500,816,972.70. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
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Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
----------- ------- ---- -------------
Class A1 $286,281,000.00 7.00% $25,000
Class A2 30,042,000.00 7.00 25,000
Class A3 47,129,000.00 7.00 1,000
Class A4 15,836,000.00 7.00 1,000
Class A5 100,143,000.00 7.00 25,000
Class PO 100,232.57 0.00 100,000
Class M 7,763,000.00 7.00 100,000
Class B1 4,758,000.00 7.00 100,000
Class B2 3,756,000.00 7.00 100,000
Class B3 2,504,000.00 7.00 250,000
Class B4 751,000.00 7.00 250,000
Class B5 1,753,640.13 7.00 250,000
Class S (1) (1) 12,500,000
Class R 100.00 7.00 100
(1) The Class S Certificates are issued with an initial
Notional Principal Balance of $494,770,647.58 and shall
bear interest at the Strip Rate.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificate shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary,
in the amount of the remaining Class Certificate Principal
Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). The
Residual Certificate shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates and the
Class S Certificates may evidence an additional amount equal to
the remainder of the Class Certificate Principal Balance (or
Notional Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
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the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) The Strip Rate for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
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No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee 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 registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
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, a Book-Entry Nominee 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 Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
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G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
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 Residual 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 Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code 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 Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
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The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a (i) Class PO or Class S
Certificate or (ii) Restricted Junior Certificate to any person
other than a QIB (as certified by the proposed transferee in the
form of assignment attached to the related Certificate), either
(x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced Opinion of Counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the Private
Placement Memorandum) or its nominee and (ii) the Class PO or
Class S Certificates to the Company or upon any subsequent
87
transfer of any Class PO or Class S Certificate by the Company,
provided that if any Restricted Junior Certificates are, at the
request of the Initial Purchaser, registered in the name of its
nominee, the Initial Purchaser shall be deemed to acknowledge and
agree with the Company and the Trustee that no transfer of a
beneficial interest in such Certificates will be made without
registering such Certificates in the name of the transferee,
which shall be a Person other than such nominee. Any opinion or
letter required pursuant to this paragraph shall not be at the
expense of the Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
88
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of such
Certificates; (iii) ownership and transfers of registration of
the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
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shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises
the Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
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Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee 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 expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, 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 due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee 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 Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
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cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, 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 Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list promptly upon receipt.
Every Certificateholder, by receiving and holding a Certificate,
agrees with the Certificate Registrar and the Trustee that
neither the Certificate Registrar nor the Trustee shall be held
accountable by reason of the disclosure of any such information
as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the
outstanding Certificates include any COFI Certificates, then on
each COFI Determination Date the Trustee shall determine the
value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The
establishment of COFI by the Trustee and the Trustee's subsequent
calculation of the rates of interest applicable to the COFI
Certificates for each Interest Accrual Period shall (in the
absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the
COFI Certificates for the current and immediately preceding
Interest Accrual Period shall be made available by the Trustee to
Certificate Owners and Certificateholders at the following
telephone number: (000) 000-0000.
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(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
on the basis of the offered LIBOR quotations of the Reference
Banks as of 11:00 a.m. London time on such LIBOR Determination
Date as follows:
(i) If on any LIBOR Determination Date two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards if necessary to the nearest whole multiple of
1/16%);
(ii) If on any LIBOR Determination Date only one or
none of the Reference Banks provides such offered
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quotations, LIBOR for the next Interest Accrual Period will
be whichever is the higher of (x) LIBOR as determined on
the previous LIBOR Determination Date or (y) the Reserve
Interest Rate. The "Reserve Interest Rate" will be either
(A) the rate per annum which the Trustee determines to be
the arithmetic mean (rounding such arithmetic mean upwards
if necessary to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rates that New York City banks
selected by the Trustee are quoting, on the relevant LIBOR
Determination Date, to the principal London offices of
leading banks in the London interbank market or (B) in the
event that the Trustee can determine no such arithmetic
mean, the lowest one-month Eurodollar lending rate that the
New York City banks selected by the Trustee are quoting on
such LIBOR Determination Date to leading European banks;
and
(iii) If on any LIBOR Determination Date the Trustee is
required but is unable to determine the Reserve Interest
Rate in the manner provided in paragraph (ii) above, LIBOR
for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date, or, in
the case of the first LIBOR Determination Date, the Initial
LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding. In all cases, the Trustee may conclusively
rely on quotations of LIBOR for the Reference Banks as such
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the "Reuters Screen LIBO Page" (as
described in the definition of LIBOR hereof) on the applicable
LIBOR Determination Date and (iii) which have been designated as
such by the Trustee and are able and willing to provide such
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quotations to the Trustee on each LIBOR Determination Date. The
Reference Banks initially shall be: Barclay's plc, Bank of Tokyo,
National Westminster Bank and Trust Company and Bankers Trust
Company. If any of the initial Reference Banks should be removed
from the Reuters Screen LIBO Page or in any other way fail to
meet the qualifications of a Reference Bank, the Trustee, after
consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
of the Company 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 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, 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
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as
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servicer hereunder except for liabilities and obligations as
servicer incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. 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 Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become
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effective until the Trustee or a successor servicer shall have
assumed the responsibilities and obligations of the Company in
accordance with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment to
the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class are
required to be made under the terms of the Certificates and
this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe
or perform in any material respect any other covenants or
agreements of the Company set forth in the Certificates or
in this Agreement, which covenants and agreements (A)
materially affect the rights of Certificateholders and (B)
continue 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 Company by the
Trustee, or to the Company and the Trustee by the Holders
of Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating not
less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar proceedings
of or relating to the Company, or for the winding up or
liquidation of the Company's affairs, and the continuance of
any such decree or order unstayed and in effect for a period
of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
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or relating to substantially all of its property; or the
Company 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 or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, 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 of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
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be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been entitled to hereunder if no such notice
of termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it
is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to Certificateholders at their respective
addresses appearing in the Certificate Register.
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ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, 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. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own 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 shall be determined solely by the express
provisions of this Agreement, the Trustee 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, in the
absence of bad faith on the part of the Trustee, the
Trustee 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 conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee 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 the Holders of Certificates of each Class affected thereby
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evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%, relating to 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; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
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 the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's 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;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered or
101
omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(iv) The Trustee shall not 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;
(v) Prior to the occurrence of an Event of Default and
after the curing of all Events of Default which may have
occurred, the Trustee 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, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; provided, however, that if
the payment within a reasonable time to the Trustee 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, not reasonably assured to the Trustee by the
security afforded to it by the terms of this Agreement, the
Trustee may require reasonable indemnity against such cost,
expense or liability as a condition to such proceeding. The
reasonable expense of every such investigation shall be
paid by the Company or, if paid by the Trustee, shall be
reimbursed by the Company upon demand. Nothing in this
clause (v) shall derogate from the obligation of the
Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
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directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The
Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would
have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
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, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
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 or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
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its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and 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 and subject to supervision or examination by federal
or state authority. If such corporation 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 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee
will enable the Company to avoid (and should, based on the
information included in the notice referred to below, result in
the avoidance of) a downgrading of the ratings assigned to the
Certificates by the Rating Agencies (whether or not other actions
could avoid such downgrading) and no Event of Default, as
provided by Section 7.01 hereof, shall have occurred or be
continuing; provided, however, that no action shall be taken
pursuant to this clause (iii) unless reasonable notice shall have
been provided to the Trustee, which notice shall set forth the
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basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, 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.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee,
the successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee 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 Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
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Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, 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 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
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 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 (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), 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 Company 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 Fund or any portion thereof
in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
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(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other trustee
hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
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 or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. 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 filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee 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.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
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Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Net Mortgage Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
the Trustee, and (b) the later of the final payment or other
liquidation (or any Monthly Advance with respect thereto) of the
last Mortgage Loan remaining in the Trust Fund or the disposition
of all property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund 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 of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage Loans, at the time of any
such repurchase, aggregating less than 10 percent of the
aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee 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
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is
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given in connection with the exercise by the Company of its right
of repurchase, the Company shall deposit in the Certificate
Account not later than 11:00 a.m. on the Business Day prior to
the final Distribution Date in next-day funds an amount equal to
the price described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01. Distributions on each Certificate shall be made on the
final Distribution Date in the manner specified in Section 4.02
but only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee 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 one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee 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 and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and the REMIC
established hereunder shall be terminated in accordance with the
following additional requirements, unless the Trustee has been
supplied with an Opinion of Counsel to the effect that the
failure to comply with the requirements of this Section 9.02 will
not (i) result in the imposition of taxes on "prohibited
transactions" of such REMIC as defined in section 860F of the
Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC
at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
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such REMIC within the meaning of section 860F(a)(4)(A)(i)
of the Code, which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for the
REMIC established hereunder, the Trustee will attach a statement
specifying the date of the adoption of the plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, 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, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of the
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on the Trust Fund pursuant to
the Code that would be a claim against the Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
qualification or to avoid or minimize the risk of the imposition
of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
110
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not 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
Trust Fund to tax or cause the Trust Fund to fail to qualify as a
REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee 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 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 requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. 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 Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
111
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 Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, 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 shall have any right by virtue or
by availing itself of any provisions 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 Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, 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 Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the 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
112
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. 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 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 mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 0 Xxxxxxxxx
Xxxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 000 Xxxxxxxx Xxxxxx,
Xxxxxx, Xxxxxxxxxxxxx 00000, (c) in the case of Fitch, to Fitch
Investors Service, L.P., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx
Xxxx 00000, Attention: Structured Finance Surveillance, and (d)
in the case of S&P, Standard and Poor's Rating Services, 00
Xxxxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention:
Mortgage-Backed Securities, or, as to each such Person, at such
other address as shall be designated by such Person in a written
notice to each other named Person. 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 so mailed within
the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
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Section 10.07. 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
to the extent permitted by law 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 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
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IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:
----------------------------
Name:
Title:
[SEAL]
Attest:
By:
--------------------------
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:
----------------------------
Name:
Title:
[SEAL]
Attest:
By:
--------------------------
Name:
Title:
State of New Jersey )
) ss.:
County of Camden )
On the day of November, 1997 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at
_______________________________________________________________;
that he/she is a(n) _________________________ of GE Capital
Mortgage Services, Inc., a corporation formed under the laws of
the State of New Jersey, one of the parties that executed the
foregoing instrument; that he/she knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of
Directors of said corporation; and that he/she signed his/her
name thereto by like order.
___________________________
Notary Public
[Notarial Seal]
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of November, 1997 before me, a notary
public in and for the Commonwealth of Massachusetts, personally
appeared ____________________, known to me who, being by me duly
sworn, did depose and say that he/she resides at
________________________________________________________________;
that he/she is a(n) __________________________________ of State
Street Bank and Trust Company, one of the parties that executed
the foregoing instrument; that he/she knows the seal of said
Bank; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by order of the Board of Directors
of said Bank; and that he/she signed his/her name thereto by
order of the Board of Directors of said Bank.
___________________________
Notary Public
[Notarial Seal]
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A1 Certificate
Principal Balance:
Class A1 $286,281,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in 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 the same Class of authorized denominations
evidencing the same 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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate upon
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By__________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:____________________
_______________________________________
Signature by or on behalf of assignor
___________________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A2 Certificate
Principal Balance:
Class A2 $30,042,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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
in December 1997, to the Person in whose name this Certificate is
registered at the close of business on the last Business Day of
the month immediately preceding the month of such distribution
(the "Record Date"), of an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the
aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A3 Certificate
Principal Balance:
Class A3 $47,129,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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
in December 1997, to the Person in whose name this Certificate is
registered at the close of business on the last Business Day of
the month immediately preceding the month of such distribution
(the "Record Date"), of an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the
aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A4 Certificate
Principal Balance:
Class A4 $15,836,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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
in December 1997, to the Person in whose name this Certificate is
registered at the close of business on the last Business Day of
the month immediately preceding the month of such distribution
(the "Record Date"), of an amount equal to the product of the
Percentage Interest evidenced by this Certificate and the
aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class A5 Certificate
Principal Balance:
Class A5 $100,143,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") 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 THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT 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 SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT 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, WITH RESPECT TO THE TRUST FUND.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in 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 the same Class of authorized denominations
evidencing the same 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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate upon
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:___________________
_________________________________________
Signature by or on behalf of assignor
___________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust
company or broker of the signatory who is a member of a
signature guarantee medallion program.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class PO Certificate
Principal Balance:
Class PO $100,237.57
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
November 1, 1997
First Distribution Date:
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class PO Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in 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 the same Class of authorized denominations
evidencing the same 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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate upon
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_______________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:________________
_______________________________________
Signature by or on behalf of assignor
______________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class M Certificate
Principal Balance:
Class M $7,763,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in 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 the same Class of authorized denominations
evidencing the same 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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate upon
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:___________________
________________________________________
Signature by or on behalf of assignor
_______________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $4,758,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B2 Certificate
Principal Balance:
Class B2 $3,756,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B3 Certificate
Principal Balance:
Class B3 $2,504,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee
(x) is not an employee benefit plan subject to ERISA or a Plan or
a Person that is using the assets of a Plan to acquire any such
Class R Certificate or (y) is an insurance company investing
assets of its general account and the Exemption applies to such
transferee's acquisition and holding of any such Class R
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in 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 the same Class of authorized denominations
evidencing the same 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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate upon
payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By__________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:__________________
________________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated_________________________ ________________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under the
Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated_________________________ ________________________________
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated_________________________ ________________________________
(Signature)
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B4 Certificate
Principal Balance:
Class B4 $751,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B5 Certificate
Principal Balance:
Class B5 $1,753,640.13
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date: CUSIP: 00000XXX0
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE AGGREGATE SCHEDULED PRINCIPAL
BALANCE OF THE OUTSTANDING NON-DISCOUNT MORTGAGE LOANS AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). CONSEQUENTLY, THE
NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE
LESS THAN THE INITIAL NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-11
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class S Notional
Principal Balance:
Class S $494,770,647.58
Certificate Interest Initial Notional Principal Rate
per annum: variable Balance of this Certificate:
$
Cut-off Date:
November 1, 1997
First Distribution Date:
December 26, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned 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.
The Agreement requires the distribution 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 in December 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of such
distribution and only upon presentation and surrender of this
Certificate at the office or agency maintained for that purpose
by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-11, issued in fourteen Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class R, Class M,
Class B1, Class B2, Class B3, Class B4, Class B5, Class PO and
Class S, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. 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
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class S Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class S Certificate by a Plan or a Person that is
purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under
ERISA or Section 4975.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, 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 the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees. The
Certificates are issuable only as registered Certificates without
coupons in 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 the
same Class of authorized denominations evidencing the same
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 Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of 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 Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly
Advance with respect thereto) of the last Mortgage Loan remaining
in the Trust Fund and the disposition of all property acquired
upon foreclosure or by deed in lieu of foreclosure of any
Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, 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 Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL) By:_____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security or other identifying number of
assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address including postal zip
code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:____________________
__________________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
[Not Applicable]
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property and name of the
Mortgagor. The following details shall be set forth as to each
Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the loan-to-value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Servicing Fee Rate for such
Mortgage Loan.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 1
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007604168 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
00 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 307,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.02409
----------------------------------------------------------------
0 0007611494 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX
00 CITY : PUEBLO
STATE/ZIP : CO 81006
MORTGAGE AMOUNT : 111,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,042.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 796.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007611585 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXXXXX XXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXX
00 CITY : ANCHORAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 194,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,247.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,396.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 32.75600
----------------------------------------------------------------
0 0007611791 MORTGAGORS: XXXX XXXXX
XXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXX
00 CITY : STUDIO CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.18571
----------------------------------------------------------------
0 0007612476 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XX
00 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,085,450.00
P & I AMT: 8,012.74
UPB AMT: 1,083,640.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 2
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007613227 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
00 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,667.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007614282 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXX
00 CITY : ALAMEDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.71014
----------------------------------------------------------------
0 0007615354 MORTGAGORS: PINS XXXXXXX
PINS XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX
00 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,063.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007616089 MORTGAGORS: XXXXXX XXXXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : PLACERVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007617889 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXX XXXX
00 CITY : GEYSERVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 25.90000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,250.00
P & I AMT: 9,851.89
UPB AMT: 1,420,372.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 3
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007618143 MORTGAGORS: XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 X XXXXXX XX
00 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 414,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,101.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.46729
----------------------------------------------------------------
0 0007618416 MORTGAGORS: XXXXXXXXXXX XXXXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
00 CITY : DELTONA
STATE/ZIP : FL 32738
MORTGAGE AMOUNT : 54,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 402.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007618556 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXX
00 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,404.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 41.49565
----------------------------------------------------------------
0 0007618911 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
00 CITY : YORKTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52600
----------------------------------------------------------------
0 0007618929 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXX
00 CITY : ARCADIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.60600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,800.00
P & I AMT: 9,648.30
UPB AMT: 1,413,256.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 4
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007619448 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 380,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007620602 MORTGAGORS: XXXXX XXXXXXX
LUGOVOY JUNE
REGION CODE ADDRESS : 00000 XXXXX XXXXXX
00 CITY : LOS GATOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.20000
----------------------------------------------------------------
0 0007622608 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXXX XXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX
00 XXXX : WESTFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/22
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.39130
----------------------------------------------------------------
0 0007623150 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX
00 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,552.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------
0 0007623549 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX
00 CITY : SAN XXXX
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 228,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,880.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.40678
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,150.00
P & I AMT: 13,417.58
UPB AMT: 1,861,008.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 5
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007624232 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXX XXXXX
00 CITY : XXXX
STATE/ZIP : IL 60013
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.46252
----------------------------------------------------------------
0 0007624729 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX XXXXX
00 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007625874 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 124 VIA PALERMO
00 CITY : NEWPORT BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 502,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,291.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,599.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.85845
----------------------------------------------------------------
0 0007627060 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXX XXXXXX XXXXXX
00 CITY : GLENDORA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,324.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.52717
----------------------------------------------------------------
0 0007627359 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX XX
00 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.16666
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,650.00
P & I AMT: 11,536.93
UPB AMT: 1,641,266.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 6
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007627482 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXX XXXX
00 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 222,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,943.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.81967
----------------------------------------------------------------
0 0007627706 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX 00XX XXXXXX
00 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 298,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.11200
----------------------------------------------------------------
0 0007627920 MORTGAGORS: XXXX XXXX
XX-XXXX XXXXX
REGION CODE ADDRESS : 18 FAITH
00 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.73000
----------------------------------------------------------------
0 0007628373 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXXX
00 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.51552
----------------------------------------------------------------
0 0007628597 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XX
00 CITY : LOS GATOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.71428
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,750.00
P & I AMT: 11,793.78
UPB AMT: 1,662,593.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 7
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007630254 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXX XXXXX
00 CITY : COLUMBUS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 218,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.22449
----------------------------------------------------------------
0 0007631112 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : AGOURA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,119.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,420.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631153 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 456,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,874.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,351.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631161 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,354.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631211 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XX
01 CITY : FAIRFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,222.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,678,200.00
P & I AMT: 12,199.15
UPB AMT: 1,674,170.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 8
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631229 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX #0
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 35,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 34,875.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 251.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 36.84200
----------------------------------------------------------------
0 0007631245 MORTGAGORS: XXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXX
01 CITY : NEWPORT BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,079.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631294 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,966.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631344 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 52 CEDAR LAKE
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 253,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,597.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0007631369 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,241.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,227,300.00
P & I AMT: 8,726.52
UPB AMT: 1,223,760.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 9
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631377 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 X XXXX XX
01 CITY : MOUNT PROSPECT
STATE/ZIP : IL 60056
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,916.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 289.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 22.85700
----------------------------------------------------------------
0 0007631385 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XX
01 CITY : SAN XXXX
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,891.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.93700
----------------------------------------------------------------
0 0007631393 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XX000 XXXXXX, XXXX #000
01 CITY : MIAMI
STATE/ZIP : FL 33183
MORTGAGE AMOUNT : 52,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,389.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 377.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631401 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 X XXXX XX
01 CITY : XXXXXXX HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,321.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,350.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 49.24200
----------------------------------------------------------------
0 0007631419 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXX XXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,467.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 975,000.00
P & I AMT: 7,089.45
UPB AMT: 972,985.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 10
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631427 MORTGAGORS: XXXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 6101 AND XXXXXXX AVENUE
01 CITY : SAN XXXX
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,520.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 91.92300
----------------------------------------------------------------
0 0007631435 MORTGAGORS: AN XXXXX
AN XXXXXX
REGION CODE ADDRESS : 0000 X XXXXXX XX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,472.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631443 MORTGAGORS: XXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX #0
01 CITY : PASADENA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,847.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 496.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 19.17800
----------------------------------------------------------------
0 0007631450 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX JO
REGION CODE ADDRESS : 0000 XX XXXXXX XXXXXX
01 CITY : WHITTIER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,506.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.15000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.15000 PRODUCT CODE : 002
LTV : 78.43700
----------------------------------------------------------------
0 0007631484 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX
00 XXXX : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,992.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,073,600.00
P & I AMT: 7,743.79
UPB AMT: 1,071,340.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 11
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631518 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXX XXXX XXXXX
01 CITY : LA HABRA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,304.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631526 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,221.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,656.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631559 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XX
01 CITY : SAN XXXX
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,802.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007631567 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,242.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 75.51000
----------------------------------------------------------------
0 0007631575 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXX
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,623.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,247.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 30.97300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,500.00
P & I AMT: 11,329.49
UPB AMT: 1,568,193.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 12
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631633 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XX
01 CITY : XXXXXXX OAK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 463,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,212.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631658 MORTGAGORS: XXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XX XXXXXX XX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,388.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0007631666 MORTGAGORS: HAYASHI XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000-000 XXXXX XXXXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 127,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,244.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 28.97700
----------------------------------------------------------------
0 0007631690 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXX
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78209
MORTGAGE AMOUNT : 42,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,410.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 305.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 29.82400
----------------------------------------------------------------
0 0007631724 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,021.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 74.91500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,145,700.00
P & I AMT: 8,238.35
UPB AMT: 1,143,276.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 13
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631740 MORTGAGORS: XXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,084.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0007631765 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : MONROVIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 185,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,127.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,367.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007631807 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : GRANITE BAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 107,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,567.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 768.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 51.86600
----------------------------------------------------------------
0 0007631815 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXX XX.
01 CITY : RICHMOND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,402.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631823 MORTGAGORS: XXXXXXX XXXXX
XXXXX-XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XX
01 CITY : ENCINITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,730.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.12100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,084,000.00
P & I AMT: 7,770.90
UPB AMT: 1,080,912.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 14
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631849 MORTGAGORS: XXXXXXXX XXXXXXXXXXXX
REGION CODE ADDRESS : 0000 X XX XXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,362.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 66.27900
----------------------------------------------------------------
0 0007631856 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 8225 PASEO DEL OCASCO
01 CITY : LA JOLLA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,076.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 73.45400
----------------------------------------------------------------
0 0007631864 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 13143 XXXXXX ST
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,562.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007631880 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,374.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 66.27900
----------------------------------------------------------------
0 0007631914 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,412.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,000.00
P & I AMT: 10,361.81
UPB AMT: 1,456,788.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 15
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631922 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 1619 PASO XXXXX COURT
01 CITY : CAMARILLO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,489.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
0 0007631948 MORTGAGORS: XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 180,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,335.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,332.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007631955 MORTGAGORS: XXXXXX XXX
XXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 479,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,488.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,451.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007631963 MORTGAGORS: VU SON
XXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XX
01 CITY : CUPERTINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,068.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,322.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
0 0007631971 MORTGAGORS: XXXXXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX
01 CITY : LOS OSOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 193,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,671.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,356.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,300.00
P & I AMT: 11,079.68
UPB AMT: 1,535,053.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 16
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007631989 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : AGOURA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,127.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632011 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : GILROY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,898.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0007632029 MORTGAGORS: XXXX XXXXX
XXXXXX XXX
REGION CODE ADDRESS : 00 XXX XX XXXXXXXXX
00 CITY : SAN XXXX
STATE/ZIP : CA 95116
MORTGAGE AMOUNT : 133,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,923.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 963.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632045 MORTGAGORS: XXX XX
REGION CODE ADDRESS : 000 XXXXXXX XX
01 CITY : SAN BRUNO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 274,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,727.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632052 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXXX
01 CITY : AGOURA HILL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 277,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,035.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,650.00
P & I AMT: 9,322.33
UPB AMT: 1,278,711.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 17
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632060 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX XXXXX
01 CITY : GOLETA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,320.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0007632086 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XX
01 CITY : COLTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 39,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,889.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 288.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632094 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,526.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007632102 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 146,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,578.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007632128 MORTGAGORS: ISRAEL XXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 93,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,500.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 671.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.96000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 794,600.00
P & I AMT: 5,645.12
UPB AMT: 790,815.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 18
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632136 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 224 BLACKSTONE
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 123,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,239.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 937.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.35000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.35000 PRODUCT CODE : 002
LTV : 37.91400
----------------------------------------------------------------
0 0007632144 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XX
01 CITY : MILPITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,400.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632151 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,189.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,764.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
0 0007632169 MORTGAGORS: XXX XXXXX
REGION CODE ADDRESS : 0000 00XX XXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 194,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,582.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,383.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 69.03900
----------------------------------------------------------------
0 0007632177 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,702.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,611.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,100.00
P & I AMT: 9,740.50
UPB AMT: 1,347,115.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 19
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632185 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : UPLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,801.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 740.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007632193 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXX XXXXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,454.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632201 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : DEL REY OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 136,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,129.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 64.95200
----------------------------------------------------------------
0 0007632219 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX DIOLINDA
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXXX
01 CITY : PACIFIC GROVE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 141,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,409.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007632243 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : BELLEVUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,318.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 961,400.00
P & I AMT: 6,967.70
UPB AMT: 959,112.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 20
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632250 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 0XX XXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,270.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007632284 MORTGAGORS: XXXXXX PRINCE
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : LA PALMA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,796.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,376.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 74.98000
----------------------------------------------------------------
0 0007632292 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 30078 BOAT HAVEN
01 CITY : CANYON LAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,432.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632318 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : LIVERMORE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,270.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0007632334 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXXX
01 CITY : MANHATTAN BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 415,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,174.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,991.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,600.00
P & I AMT: 10,742.21
UPB AMT: 1,481,944.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 21
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632359 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,137.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 74.98500
----------------------------------------------------------------
0 0007632367 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXX XXXXXXX XXXXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,494.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 39.16600
----------------------------------------------------------------
0 0007632375 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,359.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0007632383 MORTGAGORS: APT XXXXXXX
APT XXXXXX
REGION CODE ADDRESS : 27431 PASEO FIESTA
01 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,736.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.77700
----------------------------------------------------------------
0 0007632391 MORTGAGORS: XXXXXX XXX
REGION CODE ADDRESS : 000 X 0XX XX
01 CITY : SAN XXXX
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 186,991.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,076,200.00
P & I AMT: 7,666.32
UPB AMT: 1,073,718.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 22
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632417 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,117.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632425 MORTGAGORS: XXXX XXXXXXXX XXXX
XXXX XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 1861 XXXXXX TERRACE
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 439,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,026.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,084.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 68.70100
----------------------------------------------------------------
0 0007632441 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXX
01 CITY : LAUDERDALE BY THE SEA
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,780.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 759.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 56.75600
----------------------------------------------------------------
0 0007632474 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XX XX
01 CITY : LACEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,749.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 868.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 40.67700
----------------------------------------------------------------
0 0007632482 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 41105 LOS RANCHOS
01 CITY : TEMECULA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 189,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,311.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,385.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.98000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,164,500.00
P & I AMT: 8,291.96
UPB AMT: 1,161,985.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 23
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632508 MORTGAGORS: XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XX
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,857.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 491.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 57.62700
----------------------------------------------------------------
0 0007632516 MORTGAGORS: XXXX XXXXX
XXXX XXXXX
REGION CODE ADDRESS : 10414 BROOKTREE T
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,484.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.96600
----------------------------------------------------------------
0 0007632532 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 3195 XXXX XXXX
01 CITY : ESCONDIDO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,261.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 74.37500
----------------------------------------------------------------
0 0007632540 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,401.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.95300
----------------------------------------------------------------
0 0007632557 MORTGAGORS: XXX XXXX-XXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XX #000
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 58,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,387.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 439.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 938,400.00
P & I AMT: 6,714.52
UPB AMT: 936,392.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 24
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632565 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XX
01 CITY : SAN XXXX
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,006.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 59.87300
----------------------------------------------------------------
0 0007632573 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 19402 STURGESS DRIVE
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,184.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0007632599 MORTGAGORS: LUPUS XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXXX
01 CITY : STUDIO CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 142,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,208.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,040.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0007632631 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 536 VIA SORRENTO
01 CITY : XXXXXX XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,370.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632664 MORTGAGORS: XXX XXXX
XXX XXXX
REGION CODE ADDRESS : 000 X XXXXXX XXXX XXX
01 CITY : ARCADIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,345.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.77700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,000.00
P & I AMT: 9,516.42
UPB AMT: 1,333,113.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 25
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007632672 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XX
01 CITY : SAN XXXX
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 660.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 39.13000
----------------------------------------------------------------
0 0007632698 MORTGAGORS: XXXXXX E
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,409.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007632847 MORTGAGORS: O'XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 00XX XXX XX
01 CITY : ST PETERSBURG
STATE/ZIP : FL 33703
MORTGAGE AMOUNT : 36,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 36,623.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 265.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.89700
----------------------------------------------------------------
0 0007632854 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXX XXXXX
01 CITY : BOCA RATON
STATE/ZIP : FL 33498
MORTGAGE AMOUNT : 194,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,077.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,409.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.96400
----------------------------------------------------------------
0 0007633316 MORTGAGORS: ABDEL-XXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
00 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 339,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 940,750.00
P & I AMT: 6,722.67
UPB AMT: 939,078.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 26
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007633753 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
00 CITY : ALAMEDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.98333
----------------------------------------------------------------
0 0007633894 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX
00 XXXX : ORINDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.45600
----------------------------------------------------------------
0 0007634066 MORTGAGORS: XXXXXXXXX XXXXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX
00 CITY : XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.91304
----------------------------------------------------------------
0 0007634413 MORTGAGORS: DI XXXXX XXXXXXX
DI XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
00 CITY : SAN XXXX
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 303,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86800
----------------------------------------------------------------
0 0007635279 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX KERI
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
00 CITY : UPPER DUBLIN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.86666
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,900.00
P & I AMT: 10,100.76
UPB AMT: 1,412,900.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 27
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007635857 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXX XXX
00 CITY : PENNGROVE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.85300
----------------------------------------------------------------
0 0007636392 MORTGAGORS: KORNAI XXXXXX
XXXXXXX LIVIA
REGION CODE ADDRESS : 4037 VILLA VISTA
00 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.22200
----------------------------------------------------------------
0 0007637168 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX-XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXX XXXXX XXXXX
00 CITY : SAN XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.22222
----------------------------------------------------------------
0 0007637531 MORTGAGORS: PALAYEKAR XXXXXXXX
XXXXXXXX-XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX-XXXXXXXXXX XXXX
00 CITY : CLINTON TWP.
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 195,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,348.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007638331 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
00 CITY : XXXX ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 214,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.07600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,050.00
P & I AMT: 9,743.47
UPB AMT: 1,367,050.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 28
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0007638497 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 223,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.26200
----------------------------------------------------------------
0 0007640576 MORTGAGORS: SILVER XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
00 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 223,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.26900
----------------------------------------------------------------
0 0007643026 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 4150 VIEW PARK
00 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007643554 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : AGOURA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007647472 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
00 CITY : SAN XXXX
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.87500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,500.00
P & I AMT: 10,047.15
UPB AMT: 1,426,500.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 29
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030365480 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXX
01 CITY : LEAGUE CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,773.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/25
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 88.57142
----------------------------------------------------------------
0 0030615264 MORTGAGORS: XXX XXXXXXX
REGION CODE ADDRESS : 214 PALISADES
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 589,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 589,542.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,535.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030654701 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXXX XXXX
01 CITY : NORTH SALT LAKE
STATE/ZIP : UT 84054
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,973.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0030688857 MORTGAGORS: O'BRIEN XXXX
X'XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : MELBOURNE
STATE/ZIP : FL 32940
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030699003 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXXX
01 CITY : SHREWSBURY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,265.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.67900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,500.00
P & I AMT: 13,576.01
UPB AMT: 1,758,155.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 30
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030736490 MORTGAGORS: XXXXX XXXXX
O'XXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXX
01 CITY : XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.85500
----------------------------------------------------------------
0 0030749071 MORTGAGORS: XXXXXXX XXXXX
XXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX XXXX
01 CITY : WAYLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 564,752.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,752.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,900.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030771752 MORTGAGORS: XXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : SAN MARINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,027.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,393.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030794606 MORTGAGORS: WINTER XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : AMAGANSETT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.18500
----------------------------------------------------------------
0 0030795405 MORTGAGORS: RING XXXXX
RING XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : WONDER LAKE
STATE/ZIP : IL 60097
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,690.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 82.80700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,996,752.00
P & I AMT: 14,430.31
UPB AMT: 1,995,469.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 31
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030801492 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : BEAN ROAD
01 CITY : CHARLOTTE
STATE/ZIP : VT 05445
MORTGAGE AMOUNT : 423,717.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,996.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,109.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.61900
----------------------------------------------------------------
0 0030804199 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,552.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030809230 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXXX
01 CITY : MORGANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030811764 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : CINNAMINSON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.72600
----------------------------------------------------------------
0 0030814834 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX XXXX
01 CITY : MANASQUAN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,467.00
P & I AMT: 10,775.98
UPB AMT: 1,487,168.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 32
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030814925 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX
01 CITY : SAUGUS AREA, SANTA CLARIT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.73300
----------------------------------------------------------------
0 0030825111 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 5930 GOLD CREEK DR.
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.49300
----------------------------------------------------------------
0 0030828180 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX 00X
01 CITY : NEW YORK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,102.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 33.85400
----------------------------------------------------------------
0 0030828818 MORTGAGORS: SHARMA XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 2135 TYSON EXECUTIVE COURT
01 CITY : XXXX XXXXXX
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.75800
----------------------------------------------------------------
0 0030831887 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,137.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,816,250.00
P & I AMT: 12,973.23
UPB AMT: 1,813,366.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 33
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030832851 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 62 XXXXXXX PATH
01 CITY : WADING RIVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,403.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030847834 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : MONROE
STATE/ZIP : LA 71201
MORTGAGE AMOUNT : 328,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,179.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.28300
----------------------------------------------------------------
0 0030848535 MORTGAGORS: MC XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : ST DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,252.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030849848 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXX XXXX
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,127.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030850424 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : COMMACK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,888.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,262.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 36.95600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,255,000.00
P & I AMT: 9,370.20
UPB AMT: 1,252,851.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 34
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030853196 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : WAXHAW
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 254,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,790.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030860449 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXX
01 CITY : XXXXXX PLAINS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,193.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.71800
----------------------------------------------------------------
0 0030863609 MORTGAGORS: XXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,073.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030864599 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 0XX XXXXXX, XXXX XXXXX
01 CITY : ST. XXXXXX ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,266.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0030866016 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XXXX
01 CITY : ROCKLIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,414.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,150.00
P & I AMT: 11,043.54
UPB AMT: 1,492,738.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 35
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030876015 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXX XXXX
01 CITY : MEDFORD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 322,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,796.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.71200
----------------------------------------------------------------
0 0030876023 MORTGAGORS: XXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : TRAPPE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,182.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030876361 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXX
01 CITY : LOWER MERION TOWNSHIP
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,414.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030876502 MORTGAGORS: VASUDEV CUMBUM
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : RARITAN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 293,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,504.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0030876528 MORTGAGORS: XXXX XXXXX
XXXX XXX
REGION CODE ADDRESS : 0000 XXXX XXXX XXX
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 307,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,463.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,250.00
P & I AMT: 11,013.42
UPB AMT: 1,501,361.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 36
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030877278 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : VOORHEES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,675.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030877302 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : ROBBINSVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,242.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030877377 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 395,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,781.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030877492 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,212.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030877666 MORTGAGORS: XXXXXXX XXXXXXX
BERRESKI XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : MOORESTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,011.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.92419
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,200.00
P & I AMT: 11,304.57
UPB AMT: 1,529,923.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 37
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030879142 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 4207 LONESOME VALLEY COURT
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,230.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030884696 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : SAN XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,307.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.38200
----------------------------------------------------------------
0 0030886287 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX XXXXX
01 CITY : AGOURA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,793.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0030886642 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 85 XXXX XXXXX
01 CITY : NEWNAN
STATE/ZIP : GA 30265
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,991.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030886758 MORTGAGORS: MC XXXXXX XXXXX
MC XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXXX XXXXXX
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 798,337.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,800.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 74.99700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,949,000.00
P & I AMT: 13,975.34
UPB AMT: 1,945,660.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 38
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030888010 MORTGAGORS: XXXXX XXXXX
XXXXX G
REGION CODE ADDRESS : 0000 X. XXXXXX XXXX XXXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,814.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030891824 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,205.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0030896518 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 240,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,249.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0030897862 MORTGAGORS: OGUNKOYA XXXXXXX
XXXXXXXX KOFOWOROLA
REGION CODE ADDRESS : 0 XXXXXXX XXXX
01 CITY : WARREN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 521,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,632.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,732.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.47000
----------------------------------------------------------------
0 0030898670 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX XXXXX
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 262,979.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,432.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,629.00
P & I AMT: 11,031.59
UPB AMT: 1,530,334.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 39
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030899231 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 5 SOUTH 000 XXXXXXXX XXXX
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030900922 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXX XXXXXX XXXXX
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23456
MORTGAGE AMOUNT : 232,136.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,807.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030900963 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXX
01 CITY : XXXXXX
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 227,790.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,253.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,553.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030901094 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 227,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,927.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.88000
----------------------------------------------------------------
0 0030901748 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XX
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.08000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,337,026.00
P & I AMT: 9,404.46
UPB AMT: 1,335,005.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 40
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030901789 MORTGAGORS: XXXXXXXX NOBUMA
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX #0000
01 CITY : HONOLULU
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,969.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030903843 MORTGAGORS: ARM XXXXX
ARM XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXX XXXXXX
01 CITY : XXXXXX GROVE
STATE/ZIP : IL 60053
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030904684 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,966.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030904775 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX XXXX
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,668.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,477.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0030904809 MORTGAGORS: XXXXXX A
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : COPPELL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,443.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,960,500.00
P & I AMT: 14,176.23
UPB AMT: 1,957,046.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 41
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030905269 MORTGAGORS: XXXXXX-XXXXXX CAMERON
REGION CODE ADDRESS : 00000 XX. XXXXX XXXXX XXXXX
00 CITY : NEW SCANDIA TOWNSHIP
STATE/ZIP : MN 55073
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,513.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030905558 MORTGAGORS: XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XX
01 CITY : TOPSFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,755.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.24100
----------------------------------------------------------------
0 0030906598 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX LYSA
REGION CODE ADDRESS : 0000 XXXX XXXXXX
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,933.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030907182 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 330,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,447.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030908636 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXX
01 CITY : NORTH READING
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,700.00
P & I AMT: 10,690.41
UPB AMT: 1,484,248.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 42
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030910301 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : HINGHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.21400
----------------------------------------------------------------
0 0030910392 MORTGAGORS: STUART XXXXXXX
XXXXXX CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 377,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,579.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,734.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030911127 MORTGAGORS: CAMERON XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX XXXX #000
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,549.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030911382 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : NORTH KINGSTON
STATE/ZIP : RI 02852
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,626.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.95600
----------------------------------------------------------------
0 0030912315 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 551,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,948.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,300.00
P & I AMT: 12,220.29
UPB AMT: 1,694,552.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 43
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030912687 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : COTO DE CAZA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,092.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,484.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030914758 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : OAK VIEW
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,351.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.66900
----------------------------------------------------------------
0 0030914873 MORTGAGORS: XXXX XX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,757.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030914899 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXX XXXXX
01 CITY : KATY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,314.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0030916316 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : FAIR HAVEN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,672.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,712.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 84.74500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,292.00
P & I AMT: 11,488.43
UPB AMT: 1,568,581.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 44
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030916944 MORTGAGORS: DENIER XXXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XXXXXX
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030917470 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,115.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.01600
----------------------------------------------------------------
0 0030917611 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX XXXX
01 CITY : DEEP RIVER
STATE/ZIP : CT 06417
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,605.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.69000
----------------------------------------------------------------
0 0030917892 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : TERRE HAUTE
STATE/ZIP : IN 47802
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,468.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.21900
----------------------------------------------------------------
0 0030921589 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 1969 WILLEO CREEK POINT
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 249,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,688.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,150.00
P & I AMT: 11,215.89
UPB AMT: 1,580,477.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 45
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030922017 MORTGAGORS: XXXXXX X.
XXXXXX BLAKELEE
REGION CODE ADDRESS : 00 XXXXXX XX
01 CITY : NEWBURYPORT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,695.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,094.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030922256 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : XXXXX
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,716.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,539.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030922710 MORTGAGORS: XXX XXXX
XXX XXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,364.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.99600
----------------------------------------------------------------
0 0030922934 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXXX
01 CITY : ELBERT
STATE/ZIP : CO 80106
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030923015 MORTGAGORS: XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 X XXX XXXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,375.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,800.00
P & I AMT: 11,673.45
UPB AMT: 1,625,151.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 46
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030924906 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXX XXX
REGION CODE ADDRESS : 00 X. XXXXXXXX XXX
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,372.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030925077 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXXX
01 CITY : HAUPPAUGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 144,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,215.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926240 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX T
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : BRUNSWICK
STATE/ZIP : GA 31525
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,197.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030926398 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 000XX XXXXX XXXXXXXXX
01 CITY : NORTH BEND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,215.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.39700
----------------------------------------------------------------
0 0030926562 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : RIDGEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,788.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.90500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,259,800.00
P & I AMT: 9,027.54
UPB AMT: 1,257,790.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 47
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030928188 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX XXXX
01 CITY : TOWN OF LOCKPORT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.65900
----------------------------------------------------------------
0 0030928204 MORTGAGORS: XXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,355.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.28605
----------------------------------------------------------------
0 0030928741 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XX.
01 CITY : RIDGEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,224.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030928816 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 283,040.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,405.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0030929855 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXXXX XXXXX
01 CITY : BURNSVILLE
STATE/ZIP : NC 28714
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,552.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,040.00
P & I AMT: 11,095.36
UPB AMT: 1,529,538.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 48
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030930093 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SPRING
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 317,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,606.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030930333 MORTGAGORS: XXXXXXXXXXX XXXXXX
XXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : MAHOPAC
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,073.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030930788 MORTGAGORS: SCARDINIA XXXXXXX
SCARDINIA XXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXX
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,368.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.61000
----------------------------------------------------------------
0 0030930911 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
01 CITY : ST LOUIS
STATE/ZIP : MO 63129
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,834.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030931224 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX AND 710 BAYVIEW D
01 CITY : HERMOSA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,374.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,700.00
P & I AMT: 10,608.36
UPB AMT: 1,493,257.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 49
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030931430 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXXX
01 CITY : WOODLAND HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 384,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,212.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030931547 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 000XX XXX XX
01 CITY : MAPLE VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,477.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932024 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX G.
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXXX
01 CITY : SCOTTSDALE, AZ
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 126,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,620.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 908.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.04500
----------------------------------------------------------------
0 0030932560 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX DR.
01 CITY : GREENVILLE
STATE/ZIP : SC 29605
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,426.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030933956 MORTGAGORS: ST. XXXX XXXX
ST. XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX XXXX 000
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,579.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,800.00
P & I AMT: 10,075.56
UPB AMT: 1,416,316.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 50
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030934665 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXXX XXXXX
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,462.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.15300
----------------------------------------------------------------
0 0030935068 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 2144 XXX XXXX XXXX 00
00 XXXX : SAN CLEMENTE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,069.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030936025 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936413 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 X 00XX XXXXXX
01 CITY : ARLINGTON
STATE/ZIP : VA 22213
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,643.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,495.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030936595 MORTGAGORS: XXXXXX XXXXXXXXXXXXX
RAMESH VIJAYA
REGION CODE ADDRESS : 17 XXXX RAOD
01 CITY : WAYLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,551.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,400.00
P & I AMT: 9,799.03
UPB AMT: 1,345,343.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 51
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030936801 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 217,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,551.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,499.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0030937346 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXXXX XXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,249.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030937361 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 352 MOURNING DOVE DRIVE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 242,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,506.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030938690 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,683.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030938864 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : XXXXXXXXX XXXX
00 CITY : NEW XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,878,900.00
P & I AMT: 13,803.89
UPB AMT: 1,875,991.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 52
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030938922 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : MARLBOROUGH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,527.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030939797 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 2934 REMY PLACE
01 CITY : BURBANK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,944.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939953 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : RENO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,779.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0030940738 MORTGAGORS: MARINO GEORGIA
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXXX
01 CITY : WESTFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,686.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.79400
----------------------------------------------------------------
0 0030941140 MORTGAGORS: XXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX XXXX
01 CITY : VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 161,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,038.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,128.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.06900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,100.00
P & I AMT: 10,581.70
UPB AMT: 1,463,975.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 53
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030941405 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XXXXX
01 CITY : VILLA PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,308.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941496 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXXX
01 CITY : ESSEX
STATE/ZIP : CT 06426
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,762.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030941868 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXXX XXXXXX
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030941876 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0 XXX XXXXX XXXX
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.92300
----------------------------------------------------------------
0 0030943153 MORTGAGORS: XXXXXX XXXXXX
XXXXXXXX-XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : MADISON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.12700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,500.00
P & I AMT: 13,205.15
UPB AMT: 1,835,571.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 54
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030944151 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,741.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030944201 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,670.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.80000
----------------------------------------------------------------
0 0030944474 MORTGAGORS: GOONEWARDENE H. XXXXXXX
XXXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XX XXX XXXXX
01 CITY : BREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,450.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030944896 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XX
01 CITY : NEW HAVEN
STATE/ZIP : CT 06511
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.51400
----------------------------------------------------------------
0 0030944938 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXX XXX.
01 CITY : MANHATTAN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 337,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,444.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,250.00
P & I AMT: 10,611.81
UPB AMT: 1,490,798.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 55
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030944953 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 10743 XXXX XXXXXX PLACE
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,559.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,326.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030945265 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
01 CITY : MARLBORO TWP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,775.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.01100
----------------------------------------------------------------
0 0030945315 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX HYDIE
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : MERION STATION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030945406 MORTGAGORS: XXXXXXX XXXXXXXX
JIANG JIANG
REGION CODE ADDRESS : 24799 XXXXXX XXXX
01 CITY : LOS ALTOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 857,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 855,816.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,213.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 56.38100
----------------------------------------------------------------
0 0030945430 MORTGAGORS: PAVACICH JORDAN
XXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : SANTA XXXXX
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,460.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.13500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,000.00
P & I AMT: 13,402.25
UPB AMT: 1,874,414.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030945653 MORTGAGORS: NISHKIAN LEVON
NISHKIAN MAIO
REGION CODE ADDRESS : 140 PALO ALTO
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 820,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 818,838.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,874.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 58.57100
----------------------------------------------------------------
0 0030946024 MORTGAGORS: HODES SCOTT
HODES CORINNE
REGION CODE ADDRESS : 130 FOUNDERS WAY
01 CITY : STRATFORD
STATE/ZIP : CT 06497
MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,309.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.92500
----------------------------------------------------------------
0 0030946180 MORTGAGORS: MAC NEILLE TERESSA
REGION CODE ADDRESS : 507 NORTH ALTA DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 998,687.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,424.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 68.49300
----------------------------------------------------------------
0 0030946495 MORTGAGORS: KONECZNY PAUL
REGION CODE ADDRESS : 20553 DEERWATCH PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 218,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,883.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.95600
----------------------------------------------------------------
0 0030947626 MORTGAGORS: ANDERSON DANIEL
ANDERSON CONNIE
REGION CODE ADDRESS : 3512 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,108.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.85400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,863,900.00
P & I AMT: 20,617.83
UPB AMT: 2,859,827.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030948046 MORTGAGORS: BARRETT THOMAS
BARRETT WANDA
REGION CODE ADDRESS : 30173 HILLSIDE TERRACE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 835,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 833,787.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,910.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.58300
----------------------------------------------------------------
0 0030948061 MORTGAGORS: ZALAVADIA LABHUBHAI
ZALAVADIA LALITA
REGION CODE ADDRESS : 27880 MT HOOD WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,389.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030948244 MORTGAGORS: JOHNSON EVERETT
JOHNSON JACQUELINE
REGION CODE ADDRESS : 38 S FROSTED POND
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 247,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,981.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0030948293 MORTGAGORS: MCGOVERN PAUL
MCGOVERN CATHLEEN
REGION CODE ADDRESS : 24 WHITON AVENUE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.38461
----------------------------------------------------------------
0 0030948301 MORTGAGORS: LOTT CHARLES
LOTT JACALYN
REGION CODE ADDRESS : 7 EAST ATLANTIC AVE
01 CITY : HARVEY CEDARS
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,504.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,087,350.00
P & I AMT: 14,747.90
UPB AMT: 2,084,485.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030949028 MORTGAGORS: LEOTTA VENERANDO
LEOTTA VINCENZA
REGION CODE ADDRESS : 505 APACHE TRAIL
01 CITY : MARLBORO
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.01200
----------------------------------------------------------------
0 0030949143 MORTGAGORS: STANLEY JAMES
STANLEY JUDITH
REGION CODE ADDRESS : 200 CHAMOUNIX ROAD
01 CITY : ST. DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030949788 MORTGAGORS: BAGAWANDOSS KESAVALU
BAGAWANDOSS REVATHY
REGION CODE ADDRESS : 17510 PECAN SHADOWS DR.
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030949861 MORTGAGORS: ORTIZ WENCESLADA
REGION CODE ADDRESS : 38700 ALMADEN PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,806.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030950026 MORTGAGORS: PARLETTE J
PARLETTE KATHERINE
REGION CODE ADDRESS : 1842 EAST MOUNTAIN SKY AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 284,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,488.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.94800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,700.00
P & I AMT: 10,548.26
UPB AMT: 1,465,772.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950224 MORTGAGORS: KUTULAS DANNY
ATKIN LISA
REGION CODE ADDRESS : 2210 CORONET BLVD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,843.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.29500
----------------------------------------------------------------
0 0030950331 MORTGAGORS: GILBERTSON ROBERT
GILBERTSON SUSANNE
REGION CODE ADDRESS : 1325 BURNING WOOD WAY
01 CITY : MADISON
STATE/ZIP : WI 53704
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,194.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030950604 MORTGAGORS: THOMAS RODNEY
THOMAS CAROLYN
REGION CODE ADDRESS : 173 BLACKBERRY ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.60800
----------------------------------------------------------------
0 0030950828 MORTGAGORS: NATHANSON DIANE
REGION CODE ADDRESS : 32-23 214 STREET
01 CITY : BAYSIDE
STATE/ZIP : NY 11361
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,072.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,116.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.18300
----------------------------------------------------------------
0 0030950877 MORTGAGORS: COWEN DAVID
SPIEGEL MARGRET
REGION CODE ADDRESS : 40 LAUREL COURT
01 CITY : LAUREL HOLLOW
STATE/ZIP : NY 11799
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,654.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,500.00
P & I AMT: 12,841.96
UPB AMT: 1,791,215.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030950893 MORTGAGORS: PICKERING RICHARD
REGION CODE ADDRESS : 8280 SOUTHPORT TERRACE
01 CITY : DULUTH
STATE/ZIP : GA 30136
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,762.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030951545 MORTGAGORS: COULBOURNE RICHARD
COULBOURNE TERESA
REGION CODE ADDRESS : LOT 12 CLAIBORNE'S LANDING
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,988.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.34000
----------------------------------------------------------------
0 0030951792 MORTGAGORS: CONGILIANDO ERNEST
CONGILIANDO SHEILA
REGION CODE ADDRESS : 108 JEM DRIVE
01 CITY : MAPLE GLEN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,063.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.01100
----------------------------------------------------------------
0 0030952147 MORTGAGORS: BOUCK GARY
BOUCK KATIE
REGION CODE ADDRESS : 64 SAN RAPHEAL
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,651.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0030953194 MORTGAGORS: WALTER EDWARD
WHITE CHRISTINA
REGION CODE ADDRESS : 128 ASHLAND ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,000.00
P & I AMT: 11,327.59
UPB AMT: 1,541,465.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030953228 MORTGAGORS: WONG KIN
WONG MEEHON
REGION CODE ADDRESS : 2333 WEST 229TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,321.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.40600
----------------------------------------------------------------
0 0030953236 MORTGAGORS: HAMAKER GARY
HAMAKER DANA
REGION CODE ADDRESS : 3297 SOUTH LUCILLE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,994.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.26000
----------------------------------------------------------------
0 0030953905 MORTGAGORS: PIOTROWSKI THOMAS
REGION CODE ADDRESS : 411 RIVERVIEW ROAD
01 CITY : SWARTHMORE
STATE/ZIP : PA 19081
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,332.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,352.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954150 MORTGAGORS: PARROTT TERESA
PARROTT ROBERT
REGION CODE ADDRESS : 1637 NORTH THOMAS COURT
01 CITY : VISALIA
STATE/ZIP : CA 93292
MORTGAGE AMOUNT : 67,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,213.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 505.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.78800
----------------------------------------------------------------
0 0030954242 MORTGAGORS: ROTH RICHARD
REGION CODE ADDRESS : 97 SYCAMORE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,294.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.50000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,800.00
P & I AMT: 10,614.31
UPB AMT: 1,495,162.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030954564 MORTGAGORS: KOEGEL PAUL
BELL ILENE
REGION CODE ADDRESS : 626 N. CHEROKEE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,667.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030954861 MORTGAGORS: BARONIO MICHAEL
BARONIO JOANNE
REGION CODE ADDRESS : 38 WILL ROGERS LANE
01 CITY : NANUET
STATE/ZIP : NY 10954
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,937.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030954903 MORTGAGORS: CHAN DAVID
CHAN JENNIFER
REGION CODE ADDRESS : 25 MOUNTAIN VIEW PLACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,439.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955637 MORTGAGORS: AURIEMMA SANTO
LOGIUDICE ANITA
REGION CODE ADDRESS : 49 WILLIAM BARNES ROAD
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,215.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.92400
----------------------------------------------------------------
0 0030955983 MORTGAGORS: REILEY ROBERT
REILEY MARY
REGION CODE ADDRESS : 8131 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 296,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,897.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,850.00
P & I AMT: 11,352.03
UPB AMT: 1,607,158.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030956023 MORTGAGORS: RAND GUY
AYER-RAND LISA
REGION CODE ADDRESS : 7635 GRANITEHILL LANE
01 CITY : PENRYN
STATE/ZIP : CA 95663
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,556.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030956296 MORTGAGORS: RUDOLPH LAURENCE
RUDOLPH RONNA
REGION CODE ADDRESS : 56 MANOR POND LANE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0030957245 MORTGAGORS: MURPHY DANIEL
MURPHY ELIZABETH
REGION CODE ADDRESS : 2401 FRANCISCO
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,398.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.70370
----------------------------------------------------------------
0 0030957328 MORTGAGORS: PIPER KENT
PIPER TAMMY
REGION CODE ADDRESS : 2141 WOLFTRAP COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957476 MORTGAGORS: SCOTT PETER
SCOTT LYNN
REGION CODE ADDRESS : 2332 CASABONA AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,900.00
P & I AMT: 11,892.43
UPB AMT: 1,669,495.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030957716 MORTGAGORS: WILEY DOUGLAS
PEERY DEBRA
REGION CODE ADDRESS : 8914 ENFIELD AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,383.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030957740 MORTGAGORS: ROSS JESSICA
ROSS DAVID
REGION CODE ADDRESS : 22319 MARVELLA STREET
01 CITY : CHATWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,515.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0030957765 MORTGAGORS: HONG HERMAN
BENSON SHEILA
REGION CODE ADDRESS : 1212 N E 62ND STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.49300
----------------------------------------------------------------
0 0030957781 MORTGAGORS: SUELTER KEVIN
COHEN LISA
REGION CODE ADDRESS : 8400 KAWALA DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 123,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,930.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 872.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958037 MORTGAGORS: SMITH PERRY
REGION CODE ADDRESS : 12630 WATERSIDE WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77041
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,322.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 73.12200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,200.00
P & I AMT: 9,323.13
UPB AMT: 1,267,976.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030958755 MORTGAGORS: CULP KENNETH
CULP CATHY
REGION CODE ADDRESS : 17915 CEDAR CREEK CANYON DR.
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 518,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,625.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,666.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030959167 MORTGAGORS: FELLGUTH KLAUS
LUCCHESI JULIE
REGION CODE ADDRESS : 539 MAPLE AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,837.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030959548 MORTGAGORS: O'NEIL HOWARD
O'NEIL PAMELA
REGION CODE ADDRESS : 5424 MARMITH AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95841
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,688.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030959688 MORTGAGORS: EASTMAN ROBERT
EASTMAN NANCY
REGION CODE ADDRESS : 15599 ASHBURY CHURCH ROAD
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0030960140 MORTGAGORS: STRUNK CURTIS
STRUNK WENDY
REGION CODE ADDRESS : 870 GRANDVIEW DRIVE
01 CITY : PALMYRA
STATE/ZIP : PA 17078
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,125,000.00
P & I AMT: 15,100.72
UPB AMT: 2,123,287.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960306 MORTGAGORS: ARMBRUSTER ADAM
ARMBRUSTER SUZANNE
REGION CODE ADDRESS : 9 BERKSHIRE TERRACE
01 CITY : STRAFFORD
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 318,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,799.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030960348 MORTGAGORS: ELLIS JEFFREY
ELLIS SANDRA
REGION CODE ADDRESS : RR #3 BOX 39 B
01 CITY : BLAIR
STATE/ZIP : NE 68008
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030960371 MORTGAGORS: DAMIAN LETITIA
REGION CODE ADDRESS : 75-23 KESSEL STREET
01 CITY : FOREST HILLS
STATE/ZIP : NY 11375
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,309.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030960520 MORTGAGORS: BEARD BRIAN
LASHLEY STEPHANIE
REGION CODE ADDRESS : 7908 GOLDENROD COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,743.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960611 MORTGAGORS: WAGNER PETER
WAGNER ANDREA
REGION CODE ADDRESS : 201 DEERKEEP
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.85900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,750.00
P & I AMT: 10,600.89
UPB AMT: 1,499,455.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030961197 MORTGAGORS: EZRATTY ARI
EZRATTY CAROLINE
REGION CODE ADDRESS : 138 TACONIC ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 1,312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,741.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 015
LTV : 51.45000
----------------------------------------------------------------
0 0030961395 MORTGAGORS: ZONGOLOWICZ MICHAEL
ZONGOLOWICZ MARY
REGION CODE ADDRESS : 10612 ACACIA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,682.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.84700
----------------------------------------------------------------
0 0030961577 MORTGAGORS: MURPHY BRIAN
MURPHY GAIL
REGION CODE ADDRESS : 101 BOWMAN COURT
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08876
MORTGAGE AMOUNT : 280,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.82800
----------------------------------------------------------------
0 0030961619 MORTGAGORS: CIVIN CURT
CIVIN NANCY
REGION CODE ADDRESS : 7516 L' HIRONDELLE CLUB RD
01 CITY : RUXTON
STATE/ZIP : MD 21204
MORTGAGE AMOUNT : 418,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,091.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,963.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0030961908 MORTGAGORS: HART GERALD
HART BETTY
REGION CODE ADDRESS : 2 DARNEY COURT
01 CITY : KINGSVILLE
STATE/ZIP : MD 21087
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,383.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,533,200.00
P & I AMT: 18,448.40
UPB AMT: 2,532,057.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030962039 MORTGAGORS: KHOURY SUSAN
REGION CODE ADDRESS : 8930 GARDEN GATE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 285,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,345.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030962245 MORTGAGORS: LEE DAVID
CHANG WENDY
REGION CODE ADDRESS : 11911 JUNIETTE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,247.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030962294 MORTGAGORS: KAWAI BRIAN
REGION CODE ADDRESS : 2025 W 231ST STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,832.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0030962351 MORTGAGORS: RORKE DAVID
RORKE CYNTHIA
REGION CODE ADDRESS : 106 CROSS POINTE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,602.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0030963052 MORTGAGORS: JORDAN FRANK
JORDAN HELEN
REGION CODE ADDRESS : 1217 LARCHMONT LANE
01 CITY : NICHOLS HILLS
STATE/ZIP : OK 73116
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.26735
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,258,100.00
P & I AMT: 8,968.35
UPB AMT: 1,256,846.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030963110 MORTGAGORS: KANG EDWARD
KANG KELLY
REGION CODE ADDRESS : 8 AVONDALE LANDING
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,349.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0030963540 MORTGAGORS: SUTHERLAND ROBERT
SUTHERLAND ANN
REGION CODE ADDRESS : 510 LAUERS LANE
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,480.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.03300
----------------------------------------------------------------
0 0030963607 MORTGAGORS: DODSON DONALD
AHERN MARYELLEN
REGION CODE ADDRESS : 1640 WOODFIELD DRIVE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18015
MORTGAGE AMOUNT : 302,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,064.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0030963714 MORTGAGORS: KELLERMAN THOMAS
KELLERMAN GAIL
REGION CODE ADDRESS : 2106 CHESAPEAKE HARBOUR DRIVE, UNIT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,353.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030964118 MORTGAGORS: COOLEY SETH
COOLEY KATHY
REGION CODE ADDRESS : 740 WASHINGTON LANE
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,050.00
P & I AMT: 11,739.64
UPB AMT: 1,689,039.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964316 MORTGAGORS: GILLILAND DWIGHT
GILLILAND E.
REGION CODE ADDRESS : 700 WEST MEADOW DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,822.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
0 0030964399 MORTGAGORS: OBERRENDER ROBERT
OBERRENDER JANE
REGION CODE ADDRESS : 4406 SUNNYSIDE ROAD
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,500.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964456 MORTGAGORS: JERROLD DOUGLAS
JERROLD DIANE
REGION CODE ADDRESS : 319 MILLWOOD DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,570.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0030964563 MORTGAGORS: MICHEALS TARA
REGION CODE ADDRESS : 7021 CHECKER BLOOM WAY
01 CITY : CITRUS HEIGHTS
STATE/ZIP : CA 95610
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,864.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 687.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030964746 MORTGAGORS: ROSS JOHN
DEARDEN REGINA
REGION CODE ADDRESS : 1900 BAYSIDE DRIVE
01 CITY : QUEENS ANNES
STATE/ZIP : MD 21619
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.68400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,000.00
P & I AMT: 10,347.93
UPB AMT: 1,473,588.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964910 MORTGAGORS: GOOD JOHN
GOOD JULIA
REGION CODE ADDRESS : 512 EAST GRAVERS LANE
01 CITY : WYNDMOOR
STATE/ZIP : PA 19038
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030965222 MORTGAGORS: LAMB SANDRA
LAMB CARL
REGION CODE ADDRESS : 4220 CORTE FAVOR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,288.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0030966220 MORTGAGORS: KANE MICHAEL
KANE ELIZABETH
REGION CODE ADDRESS : 8 ROMARY COURT
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,341.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.67604
----------------------------------------------------------------
0 0030966352 MORTGAGORS: PREMER LARRY
KIRBY-PREMER MARY
REGION CODE ADDRESS : 7704 PARK RIDGE CIRCLE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80528
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,647.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.81818
----------------------------------------------------------------
0 0030966733 MORTGAGORS: POPA JOHN
POPA ALMA
REGION CODE ADDRESS : 30 BUCKINGHAM RIDGE ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.14149
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,500.00
P & I AMT: 11,096.11
UPB AMT: 1,558,780.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966766 MORTGAGORS: TARLOW HOWARD
RINKER LYNN
REGION CODE ADDRESS : 17600 WEDDINGTON STREET
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 415,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,399.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,942.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0030966980 MORTGAGORS: GEIS W.
GEIS MARY
REGION CODE ADDRESS : 4404 LANGTRY DRIVE
01 CITY : GLEN ARM
STATE/ZIP : MD 21057
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,903.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
0 0030967194 MORTGAGORS: KAKARLA SREENATH
KAKARLA RAJANI
REGION CODE ADDRESS : 23 SUYDAM ROAD
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,794.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.32000
----------------------------------------------------------------
0 0030967301 MORTGAGORS: WALKER ANDREW
WALKER MICHELLE
REGION CODE ADDRESS : 3633 EAST 4TH STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,786.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030967475 MORTGAGORS: BAGNALL ANDREW
BAGNALL LYNN
REGION CODE ADDRESS : 2829 BOTTLEBRUSH DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,425.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.19600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,050.00
P & I AMT: 11,838.44
UPB AMT: 1,643,309.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030967764 MORTGAGORS: NGUYEN ANTHONY
NGUYEN THERESA
REGION CODE ADDRESS : 369 REDONDO TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968259 MORTGAGORS: SHERMAN KAREN
SHERMAN WILLIAM
REGION CODE ADDRESS : 28 MADEWOOD DRIVE
01 CITY : MARRERO
STATE/ZIP : LA 70072
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968275 MORTGAGORS: WANG SHOU
WANG LILLIAN
REGION CODE ADDRESS : 1412 S 2ND AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 32.89400
----------------------------------------------------------------
0 0030968416 MORTGAGORS: WEINER MARC
WEINER KELLI
REGION CODE ADDRESS : 908 PINNACLE PLACE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030968432 MORTGAGORS: O'DONNELL DEREK
O'DONNELL COLLEEN
REGION CODE ADDRESS : 17348 JESSICA LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 218,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,124.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,527.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,850.00
P & I AMT: 9,971.33
UPB AMT: 1,393,902.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968465 MORTGAGORS: WIGGINS HOWARD
WIGGINS KATHLEEN
REGION CODE ADDRESS : 208 LAKE CARMEL COURT
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35811
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,998.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030968572 MORTGAGORS: ORR PHILIP
ORR MARTIELE
REGION CODE ADDRESS : 17820 CEDAR CREEK CANYON
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,228.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.99119
----------------------------------------------------------------
0 0030968614 MORTGAGORS: POLLAK HOWARD
POLLAK ETHLENE
REGION CODE ADDRESS : 2672 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 254,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,161.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0030968721 MORTGAGORS: PULLIAM ANDREW
PULLIAM KIMBERLY
REGION CODE ADDRESS : 1525 S LODGE DR
01 CITY : SARASOTA
STATE/ZIP : FL 34239
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,310.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,896.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.15300
----------------------------------------------------------------
0 0030968754 MORTGAGORS: CAPUZZIELLO PAUL
CAPUZZIELLO TRACEY
REGION CODE ADDRESS : 30 SPRING STREET
01 CITY : WRENTHAM
STATE/ZIP : MA 02093
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.54800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,450.00
P & I AMT: 9,742.38
UPB AMT: 1,395,537.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030968853 MORTGAGORS: HENRY RICHARD
ODDENINO JUDY
REGION CODE ADDRESS : 8219 MADRILLON ESTATES DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,608.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.44000
----------------------------------------------------------------
0 0030968879 MORTGAGORS: HARTMAN PAUL
HARTMAN BARBARA
REGION CODE ADDRESS : 161 NORTH QUARTER
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 439,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,097.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030968994 MORTGAGORS: TWEHOUS RANDALL
TWEHOUS SHARON
REGION CODE ADDRESS : 5505 TWEHOUS LAKE DRIVE
01 CITY : JEFFERSON
STATE/ZIP : MO 65101
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,563.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.62700
----------------------------------------------------------------
0 0030969042 MORTGAGORS: PRETTO WILLIAM
PRETTO JENNIFER
REGION CODE ADDRESS : 5333 RESEDA CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030969216 MORTGAGORS: CROSSEN SUZANNE
CROSSEN SHAUN
REGION CODE ADDRESS : 28 VINE STREET
01 CITY : MANCHESTER BY THE SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 217,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,330.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,483.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,150.00
P & I AMT: 10,999.66
UPB AMT: 1,538,401.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030969299 MORTGAGORS: SUCHOW ROBERT
SUCHOW KATHLEEN
REGION CODE ADDRESS : 6 CONSTITUTION WAY
01 CITY : READINGTON TWP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,410.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.51000
----------------------------------------------------------------
0 0030969422 MORTGAGORS: SMITH CARL
SMITH DESIREE
REGION CODE ADDRESS : 2041 218TH PLACE N. E.
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,333.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.83300
----------------------------------------------------------------
0 0030969588 MORTGAGORS: NEWMAN DOMONIC
NEWMAN WANDA
REGION CODE ADDRESS : 17200 BIRCH LEAF TERRACE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 290,695.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,473.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030970263 MORTGAGORS: HENDERSON TIMOTHY
HENDERSON CAROLYN
REGION CODE ADDRESS : 1235 SEALE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 343,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,138.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.80700
----------------------------------------------------------------
0 0030970271 MORTGAGORS: TAPIA JOHN
TAPIA KATRINA
REGION CODE ADDRESS : 477 RIDGEWAY
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,144.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,145.00
P & I AMT: 10,636.20
UPB AMT: 1,442,500.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030970321 MORTGAGORS: WHITAKER ROBERT
WHITAKER SUSAN
REGION CODE ADDRESS : 3641 KNOLLS BEND COURT
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,680.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.97500
----------------------------------------------------------------
0 0030970354 MORTGAGORS: GLENN DAVID
GLENN JOAN
REGION CODE ADDRESS : 64 HUNT VALLEY LOOP
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,683.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.94900
----------------------------------------------------------------
0 0030970552 MORTGAGORS: ALROY ALINE
YANNAI MICHAEL
REGION CODE ADDRESS : 12 LONDON COURT
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,843.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.25400
----------------------------------------------------------------
0 0030970560 MORTGAGORS: ALMOND ROBERT
ALMOND DOLORES
REGION CODE ADDRESS : 3 PEMBROOK DRIVE
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,726.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.91900
----------------------------------------------------------------
0 0030970867 MORTGAGORS: BOEHM VICTOR
BOEHM ANTOINETTE
REGION CODE ADDRESS : 702 MAPLEHURST LANE
01 CITY : MONKTON
STATE/ZIP : MD 21111
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.23200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,900.00
P & I AMT: 9,962.69
UPB AMT: 1,401,731.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030971642 MORTGAGORS: MELLETT PAUL
MELLETT SUSAN
REGION CODE ADDRESS : 108 CEDAR STREET
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.58000
----------------------------------------------------------------
0 0030971691 MORTGAGORS: ABLAK SECKIN
ABLAK MARIA
REGION CODE ADDRESS : 43396 HYLAND HILLS STREET
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,153.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030971915 MORTGAGORS: FEINSTEIN JONATHAN
FEINSTEIN BARBARA
REGION CODE ADDRESS : 42 WATERFORD AVENUE
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,216.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030972038 MORTGAGORS: MELENDEZ JOHN
MELENDEZ SUZANNA
REGION CODE ADDRESS : 6 OAK SHORE DRIVE
01 CITY : BAYVILLE
STATE/ZIP : NY 11709
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030972087 MORTGAGORS: DAVIS MICHAEL
DAVIS KAREN
REGION CODE ADDRESS : 680 BEL AIR COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 284,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,717.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.76400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,000.00
P & I AMT: 9,422.46
UPB AMT: 1,324,681.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972103 MORTGAGORS: IACONO VINCENT
IACONO THERESA
REGION CODE ADDRESS : 4304 ADMIRABLE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.36300
----------------------------------------------------------------
0 0030972251 MORTGAGORS: LIFCHITZ ALAN
REGION CODE ADDRESS : 3112 WHISPERWOODS COURT
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 839,436.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,163.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0030972376 MORTGAGORS: LOBER DOUGLAS
BITETTI ANN
REGION CODE ADDRESS : 35 BEVERLY ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 361,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,634.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030972434 MORTGAGORS: FINK BRIAN
DIDIER MONICA
REGION CODE ADDRESS : 2203 FRANK STREET
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,573.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,413.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0030972624 MORTGAGORS: BALL ROLAND
BALL GAYLE
REGION CODE ADDRESS : 6809 CEDAR DRIVE COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 291,156.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,722.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,197,356.00
P & I AMT: 15,798.95
UPB AMT: 2,195,098.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030972699 MORTGAGORS: GORMAN BETTY
REGION CODE ADDRESS : 1101 NE 196 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33179
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,756.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 307.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 38.09500
----------------------------------------------------------------
0 0030972806 MORTGAGORS: WEILNHAMMER FRANK
WEILNHAMMER LAURI
REGION CODE ADDRESS : 1359 OVERTON DRIVE
01 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 253,355.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,355.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0030972921 MORTGAGORS: CARMACK LEE
ROSENTHAL RUTH
REGION CODE ADDRESS : 5510 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,552.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0030973168 MORTGAGORS: ELKINS ALBERT
ELKINS ANDREA
REGION CODE ADDRESS : 121 S PACIFIC STREET
01 CITY : ROCKAWAY BEACH
STATE/ZIP : OR 97136
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973366 MORTGAGORS: ROGERS MITCHELL
ROGERS MICHELE
REGION CODE ADDRESS : 5081 WILLOW VALE WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 290,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,160.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,128,705.00
P & I AMT: 8,064.60
UPB AMT: 1,127,440.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973499 MORTGAGORS: MCGAREY PATRICK
MCGAREY BARBARA
REGION CODE ADDRESS : 7420 OLD DOMINION DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,405.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973705 MORTGAGORS: VANDAL DONALD
VANDAL JEAN
REGION CODE ADDRESS : 4660 BLUEBELL DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.67900
----------------------------------------------------------------
0 0030973739 MORTGAGORS: MILLER FRANCINE
REGION CODE ADDRESS : 2388 AVENEL COURT
01 CITY : OLDSMAR
STATE/ZIP : FL 34677
MORTGAGE AMOUNT : 248,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,165.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.32000
----------------------------------------------------------------
0 0030973903 MORTGAGORS: COHEN MARTIN
REGION CODE ADDRESS : 11575 MISSOURI AVENUE #1
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,522.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,289.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030973952 MORTGAGORS: KITT DOUGLAS
KITT KAREN
REGION CODE ADDRESS : 1219-1221-1223 PAGE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,400.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,030.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.16200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,350.00
P & I AMT: 11,302.91
UPB AMT: 1,589,018.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030974380 MORTGAGORS: ROBERTS ANTHONY
ROBERTS SYLVIA
REGION CODE ADDRESS : 1825 SAPPHIRE WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,096.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030974620 MORTGAGORS: CAPELLO JUAN
REGION CODE ADDRESS : 4100 OXFORD COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 685,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 685,103.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,852.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030974802 MORTGAGORS: LIN WILLIAM
LIN ANN
REGION CODE ADDRESS : 16 SIERRA VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 549,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,140.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,080.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030975056 MORTGAGORS: TENORIO RENATO
TENORIO SIMEONA
REGION CODE ADDRESS : 12284 GINSTAR COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,616.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.49800
----------------------------------------------------------------
0 0030975148 MORTGAGORS: SPIWAK MARK
SPIWAK KAREN
REGION CODE ADDRESS : 611 FAYE LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,991.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,106,750.00
P & I AMT: 15,378.18
UPB AMT: 2,104,948.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975239 MORTGAGORS: AGRIMSON TIMOTHY
AGRIMSON MARET
REGION CODE ADDRESS : 2470 BRINKHAUS STREET
01 CITY : CHASKA
STATE/ZIP : MN 55318
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,658.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030975387 MORTGAGORS: HUSSEY MICHAEL
REGION CODE ADDRESS : 3263 VAN HAZEN STREET, NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,003.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975510 MORTGAGORS: VICK JAMES
VICK EDITH
REGION CODE ADDRESS : 3925 WAVY OAK DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,633.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.86200
----------------------------------------------------------------
0 0030975650 MORTGAGORS: SYED PERVAIZ
SYED TAZEEN
REGION CODE ADDRESS : 806 LINDSEY MANOR LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975726 MORTGAGORS: WOOLERY WILLIAM
WOOLERY PAMELA
REGION CODE ADDRESS : 107 CREST POINTE
01 CITY : WARNER ROBINS
STATE/ZIP : GA 31088
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,459.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,000.00
P & I AMT: 9,164.47
UPB AMT: 1,286,306.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975759 MORTGAGORS: HYLEN ROBERT
HYLEN DIANA
REGION CODE ADDRESS : 17 WEST SAN JUAN AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975783 MORTGAGORS: MORRA MARCUS
MORRA JODI
REGION CODE ADDRESS : RT 4 BOX 58
01 CITY : BRIDGEWATER
STATE/ZIP : VA 22812
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,399.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975833 MORTGAGORS: RAMOS PATRICIA
RAMOS GEORGE
REGION CODE ADDRESS : 30117 ISENBERG LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,314.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030975858 MORTGAGORS: BALSEIRO ROBERT
BALSEIRO LAUREEN
REGION CODE ADDRESS : 30 LANCE ROAD
01 CITY : READINGTON TOWNSHIP
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.83900
----------------------------------------------------------------
0 0030975908 MORTGAGORS: MC KEE STEPHEN
RAINFORD WENDY
REGION CODE ADDRESS : 254 MC KINLEY PARK LANE
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.44600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,300.00
P & I AMT: 9,651.85
UPB AMT: 1,369,083.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030975965 MORTGAGORS: CIAVARELLA FRANK
CIAVARELLA CYNTHIA
REGION CODE ADDRESS : 3601 SURREY DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,314.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,340.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975981 MORTGAGORS: YOUTZ ANDEW
YOUTZ TERESA
REGION CODE ADDRESS : 1720 WYNKOOP STREET #208
01 CITY : DENVER
STATE/ZIP : CO 80202
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030976047 MORTGAGORS: BEAN WILLIAM
WAGONER GREGORY
REGION CODE ADDRESS : 48 FRAIZER PASTURE ROAD
01 CITY : OGUNQUIT
STATE/ZIP : ME 03907
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0030976054 MORTGAGORS: VINCENT ELIZABETH
VINCENT JEFFREY
REGION CODE ADDRESS : 151 HUBBARD STREET UNIT #2
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.85800
----------------------------------------------------------------
0 0030976542 MORTGAGORS: LIE LAURENSIUS
ISKANDAR DIANA
REGION CODE ADDRESS : 5858 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 289,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,740.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,798,150.00
P & I AMT: 12,818.07
UPB AMT: 1,796,130.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030976567 MORTGAGORS: REYNOLDS LOWELL
REYNOLDS JUDY
REGION CODE ADDRESS : 1445 FAWN COURT
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,616.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030976583 MORTGAGORS: ACHESON MICHAEL
ACHESON KIMBERLY
REGION CODE ADDRESS : 8731 E GARDEN VIEW DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.75700
----------------------------------------------------------------
0 0030976617 MORTGAGORS: BOWSER SAMUEL
BOWSER DONNA
REGION CODE ADDRESS : 2900 EAST OLD NEW RIVER ROAD
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,110.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.69600
----------------------------------------------------------------
0 0030976815 MORTGAGORS: OZAWA GLENN
HORWITZ SHERRI
REGION CODE ADDRESS : 6040 WEST PARK AVENUE
01 CITY : CHANDLER
STATE/ZIP : AZ 85226
MORTGAGE AMOUNT : 322,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,653.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.65100
----------------------------------------------------------------
0 0030977078 MORTGAGORS: FOLGER DAVID
LO LORRAINE
REGION CODE ADDRESS : 340 SQUIRREL RIDGE WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 345,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,087.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,450.00
P & I AMT: 10,510.92
UPB AMT: 1,436,284.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977177 MORTGAGORS: WATSON KRISTI
HANSON RICKY
REGION CODE ADDRESS : 3910 E CORTE DE LA GRANJA
01 CITY : TUSCON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,578.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.21500
----------------------------------------------------------------
0 0030977219 MORTGAGORS: KISKIS RONALD
KISKIS NANCY
REGION CODE ADDRESS : 68 MARIN BAY PARK COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 843,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 842,212.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,825.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 67.48000
----------------------------------------------------------------
0 0030977227 MORTGAGORS: BYBOKAS JAMES
BYBOKAS KATHRYN
REGION CODE ADDRESS : 5165 KARA DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,500.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977243 MORTGAGORS: KAZZIHA SMAER
KAZZIHA SAHLA
REGION CODE ADDRESS : 3436 BALFOUR
01 CITY : TROY
STATE/ZIP : MI 48084
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,083.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,197.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030977342 MORTGAGORS: CURRY BRETT
CURRY LORI
REGION CODE ADDRESS : 28057 NORTH LIANA LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 249,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,756.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,182,600.00
P & I AMT: 15,475.83
UPB AMT: 2,179,131.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030977508 MORTGAGORS: HEAPS DUANE
HEAPS GHIDA
REGION CODE ADDRESS : 1254 JUANITA DRIVE
01 CITY : WALNUT CAREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,590.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977656 MORTGAGORS: SERRANIA OSCAR
SERRANIA SONIA
REGION CODE ADDRESS : 5290 RIO GRANDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030977672 MORTGAGORS: SPEED AKIHIKO
SPEED CRYSTAL
REGION CODE ADDRESS : 3442 VISTA VIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030977805 MORTGAGORS: JANZ MICHAEL
JANZ LORI
REGION CODE ADDRESS : 1419 LAMORE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,199.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.16100
----------------------------------------------------------------
0 0030977813 MORTGAGORS: DEPOLD KEVIN
NAPOLITAN JENNIFER
REGION CODE ADDRESS : 1440 SHADOW FALLS DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 217,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,750.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,050.00
P & I AMT: 8,788.76
UPB AMT: 1,229,190.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030978001 MORTGAGORS: TALLEY DAVID
REGION CODE ADDRESS : 3273 RED TREE PLACE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,551.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.72500
----------------------------------------------------------------
0 0030978092 MORTGAGORS: ROSEN MARK
ROSEN KIM
REGION CODE ADDRESS : 5325 CHURCHWOOD DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 364,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,333.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.20500
----------------------------------------------------------------
0 0030978167 MORTGAGORS: ECKELHOFER RICHARD
ECKELHOFER STORME
REGION CODE ADDRESS : 17 VILLAGE LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.01400
----------------------------------------------------------------
0 0030978415 MORTGAGORS: TAFTI PARIVASH
GOODARZI MAZIYAR
REGION CODE ADDRESS : 8706 SOUTH ALPEN CIRCLE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 247,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,532.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0030979314 MORTGAGORS: MEDEIROS DAVID
KELLEHER KAREN
REGION CODE ADDRESS : 22 HIGH STREET
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,561.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.82500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,200.00
P & I AMT: 10,746.25
UPB AMT: 1,479,478.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979561 MORTGAGORS: ROBERTS WILLIAM
ROBERTS BEVERLY
REGION CODE ADDRESS : 12 ADAMS STREET
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.75000
----------------------------------------------------------------
0 0030979629 MORTGAGORS: SLATTERY JAMES
SLATTERY CAROL
REGION CODE ADDRESS : 41 INDIAN PATH ROAD
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 225,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,736.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030979637 MORTGAGORS: WEIR J.
REGION CODE ADDRESS : 1070 LIGHTHOUSE AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,807.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.50467
----------------------------------------------------------------
0 0030979660 MORTGAGORS: MORGAN LARRY
MORGAN LESLIE
REGION CODE ADDRESS : 12409 NORTHLAKE PLACE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,019.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030979819 MORTGAGORS: BORROWS WILLIAM
BORROWS JILL
REGION CODE ADDRESS : 12280 SHOREWOOD DRIVE SW
01 CITY : SEATTLE
STATE/ZIP : WA 98146
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,189.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.35400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,600.00
P & I AMT: 9,767.19
UPB AMT: 1,361,753.70
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030979835 MORTGAGORS: FAINBERG MAX
KLEIN LORI
REGION CODE ADDRESS : 4403 STANFORD STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.18181
----------------------------------------------------------------
0 0030979850 MORTGAGORS: TAYLOR PAUL
TAYLOR SANDRA
REGION CODE ADDRESS : 20308 SEABROOK DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 207,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,306.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,487.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030980379 MORTGAGORS: MORRIS KAREN
REGION CODE ADDRESS : 10533 AUDUBON COURT
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030980601 MORTGAGORS: MEYERS VICTOR
CRUZ-MEYERS DORA
REGION CODE ADDRESS : 720 HERBGLEN COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 221,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,593.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99790
----------------------------------------------------------------
0 0030980635 MORTGAGORS: SMITH EUGENE
SMITH LINDA
REGION CODE ADDRESS : 2917 PARKLAWN COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,872.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,700.00
P & I AMT: 8,728.65
UPB AMT: 1,214,380.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030980700 MORTGAGORS: MORSE DAVID
SAGER POLLY
REGION CODE ADDRESS : 10303 YEARLING DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 383,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,744.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.93600
----------------------------------------------------------------
0 0030980916 MORTGAGORS: KNEE ANDREW
LAIS CORNELIA
REGION CODE ADDRESS : 1575 CREEK ROAD
01 CITY : PLANO
STATE/ZIP : IL 60545
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,710.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981104 MORTGAGORS: HARDY LESLIE
GANAHL MICHAEL
REGION CODE ADDRESS : 3267 FERNSIDE BLVD
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,290.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030981138 MORTGAGORS: RENO JOHN
BRYANT DIANE
REGION CODE ADDRESS : 25615 FERNHILL DRIVE
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
0 0030981146 MORTGAGORS: VENTRESCA PAUL
VENTRESCA MARIA
REGION CODE ADDRESS : 1276 MEETINGHOUSE ROAD
01 CITY : LOWER GWYNEDD
STATE/ZIP : PA 19436
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,636.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,613.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,381,900.00
P & I AMT: 17,464.16
UPB AMT: 2,379,923.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981195 MORTGAGORS: HOWARD GREGORY
REGION CODE ADDRESS : 396 LAKE RESORT ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,997.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030981765 MORTGAGORS: BURT GREGORY
BURT DONNA
REGION CODE ADDRESS : 2003 WHITE EAGLE LANE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,115.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030981807 MORTGAGORS: TUCK MICHAEL
SOLESKY SABRINA
REGION CODE ADDRESS : 9306 RAVEN RIDGE ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21234
MORTGAGE AMOUNT : 305,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,239.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0030981823 MORTGAGORS: KORDICK MARK
KORDICK SUSAN
REGION CODE ADDRESS : 571 CASCADE DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030981864 MORTGAGORS: EVERETT MATTHEW
BUKOWSKI LAURA
REGION CODE ADDRESS : 2030 BUSTLETON ROAD
01 CITY : FLORENCE TWSP
STATE/ZIP : NJ 08505
MORTGAGE AMOUNT : 126,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,234.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 938.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.49600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,950.00
P & I AMT: 9,602.42
UPB AMT: 1,343,414.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030981880 MORTGAGORS: HOUSTON SANDRA
BRENTS GLENDA
REGION CODE ADDRESS : 630 FAIRHILLS COURT
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 217,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,199.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,539.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030982268 MORTGAGORS: RHODES BLAKE
RHODES MAUREEN
REGION CODE ADDRESS : 820 WAGE DRIVE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 221,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,658.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0030982656 MORTGAGORS: GARDNER RONALD
GARDNER ROSE
REGION CODE ADDRESS : 17816 PECAN SHADOW DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,417.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030982821 MORTGAGORS: COLEMAN RICHARD
BOYD PAULA
REGION CODE ADDRESS : 1211 20TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030982862 MORTGAGORS: ALVAREZ FILEMON
ALVAREZ MARY ANN
REGION CODE ADDRESS : 25473 PACIFIC HILLS DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,394.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,239,700.00
P & I AMT: 8,993.25
UPB AMT: 1,238,486.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983076 MORTGAGORS: THOMPSON DAVID
THOMPSON HEATHER
REGION CODE ADDRESS : 232 BEAVER DAM ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 235,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,191.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030983290 MORTGAGORS: GEE RICHARD
OLIVAS LENORE
REGION CODE ADDRESS : 40550 ENCANTO WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,830.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,067.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.51300
----------------------------------------------------------------
0 0030983357 MORTGAGORS: CHEN SANFORD
REGION CODE ADDRESS : 1474 PACIFIC AVENUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,594.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,963.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030983779 MORTGAGORS: BUNYAN STEVEN
MC ARTHUR LESLIE
REGION CODE ADDRESS : 18944 KILFINAN STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030984066 MORTGAGORS: MELLMAN JAY
KOKES MARTHA
REGION CODE ADDRESS : 927 CAPUCHINO AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,604.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 77.36147
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,750.00
P & I AMT: 11,791.52
UPB AMT: 1,625,029.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984199 MORTGAGORS: LAMB J
LAMB SUSAN
REGION CODE ADDRESS : 13325 E COUNTRY SHADOWS ROAD
01 CITY : CHANDLER
STATE/ZIP : AZ 85249
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,568.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984231 MORTGAGORS: BLAIR RICHARD
BLAIR LESLIE
REGION CODE ADDRESS : 8712 SOUTH WILLOW GREEEN CIRCLE
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,456.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
0 0030984389 MORTGAGORS: FRIDEL FRANK
ABRAHAM MAY
REGION CODE ADDRESS : 24 OAK RIDGE AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030984538 MORTGAGORS: KEMPTON SUSAN
KEMPTON BRIAN
REGION CODE ADDRESS : 716 MADISON STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,335.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030984751 MORTGAGORS: ABTAHI ALI
ABTAHI NAHID
REGION CODE ADDRESS : 13073 AUTUMN WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,644.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,250.00
P & I AMT: 10,879.49
UPB AMT: 1,498,005.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030985014 MORTGAGORS: GERDON STEPHEN
GERDON KIMBERLY
REGION CODE ADDRESS : 10207 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.15100
----------------------------------------------------------------
0 0030985238 MORTGAGORS: SHELDON BERNARD
HURST SHELLY
REGION CODE ADDRESS : 744 GUINDA STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,681.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0030985873 MORTGAGORS: FILLER MARY
REGION CODE ADDRESS : 1446 PATIO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986103 MORTGAGORS: RUCH DAVID
RUCH JULIE
REGION CODE ADDRESS : 20646 SPICE WAY
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,610.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030986798 MORTGAGORS: CLINE JOSEPH
CLINE MARLO
REGION CODE ADDRESS : 84 CHURCH STREET
01 CITY : LONG HILL TOWNSHIP
STATE/ZIP : NJ 07946
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,200.00
P & I AMT: 12,221.86
UPB AMT: 1,696,016.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030986830 MORTGAGORS: OUREN JOHN
HARRIS-OUREN ELIZABETH
REGION CODE ADDRESS : 594 9TH AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0030987242 MORTGAGORS: DUTCHER JOHN
DUTCHER SHERYL
REGION CODE ADDRESS : 8109 HARDWICK DRIVE
01 CITY : JOHNSTON
STATE/ZIP : IA 50131
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,243.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23300
----------------------------------------------------------------
0 0030987382 MORTGAGORS: ALLEN DAVID
ALLEN STACY
REGION CODE ADDRESS : 105 N RIDING DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0030987465 MORTGAGORS: HEANEY CHRISTOPHER
GILLIES-HEANEY PAMELA
REGION CODE ADDRESS : 10670 CELEO LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,655.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.55555
----------------------------------------------------------------
0 0030987614 MORTGAGORS: SHIMODA SOLITA
REGION CODE ADDRESS : 26255 EVA STREET
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 214,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,384.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.34700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,100.00
P & I AMT: 10,540.27
UPB AMT: 1,461,077.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030987820 MORTGAGORS: ROGALSKI MARK
ROGALSKI LA DONNA
REGION CODE ADDRESS : 5340 PARKFORD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 238,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,102.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030987846 MORTGAGORS: TEMPLE JOHN
TEMPLE CARLA
REGION CODE ADDRESS : 4531 CASCO AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030988026 MORTGAGORS: PATTERSON RUSSELL
WHITEHEAD SUZANNE
REGION CODE ADDRESS : 5820 16TH AVENUE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988240 MORTGAGORS: UNKELESS LOUIS
UNKELESS ANGELA
REGION CODE ADDRESS : 5500 GOLD CREEK DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030988422 MORTGAGORS: TAVLIN JOSHUA
TAVLIN CYNTHIA
REGION CODE ADDRESS : 1210 BLOOMFIELD STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,875.00
P & I AMT: 10,725.41
UPB AMT: 1,509,757.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030988588 MORTGAGORS: SHEIL THOMAS
SHEIL JILL
REGION CODE ADDRESS : 1654 PASEO CASTILLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 326,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,210.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030988851 MORTGAGORS: MUNOZ LAWRENCE
MUNOZ KIM
REGION CODE ADDRESS : 2481 WHITETHORNE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,273.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030989040 MORTGAGORS: SCHULZ JAMES
SCHULZ DIANA
REGION CODE ADDRESS : 13975 48TH AVE. N.
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,421.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030989057 MORTGAGORS: LYNCH MICHAEL
LYNCH ALICE
REGION CODE ADDRESS : 589 LOS COYOTES DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,905.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030989974 MORTGAGORS: MASNYJ ZORIAN
MASNYJ OLGA
REGION CODE ADDRESS : 5323 EAST ANGELA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 221,358.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,032.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,558.00
P & I AMT: 10,826.90
UPB AMT: 1,485,842.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030990063 MORTGAGORS: SZAFRAN JOHN
SZAFRAN JEANETTE
REGION CODE ADDRESS : 7725 N CENTRAL AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 305,120.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,698.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990485 MORTGAGORS: WAGONER GREGORY
WAGONER RHONDA
REGION CODE ADDRESS : 545 WILLOUGHBY
01 CITY : PLAINFIELD
STATE/ZIP : IN 46168
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,933.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990568 MORTGAGORS: CHARLTON GEOFFREY
CHARLTON MARCIA
REGION CODE ADDRESS : 16614 198TH AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,574.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030990758 MORTGAGORS: WEINSTEIN SCOTT
WEINSTEIN DEBRA
REGION CODE ADDRESS : 2070 BRASSFIELD WAY
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030990881 MORTGAGORS: NEUER ROBERT
KOOHI-KAMALI FARIDEH
REGION CODE ADDRESS : 102 WEST 75TH STREET #31
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,520.00
P & I AMT: 10,508.14
UPB AMT: 1,444,022.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030991327 MORTGAGORS: BERG PHILIP
REGION CODE ADDRESS : 10 PEAR TREE LANE
01 CITY : LAFAYETTE HILLS
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030991525 MORTGAGORS: BENKE THOMAS
REGION CODE ADDRESS : 1378 SEACOAST DRIVE
01 CITY : IMPERIAL BEACH
STATE/ZIP : CA 91932
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,319.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030991640 MORTGAGORS: MCCONNELL GARY
MCCONNELL GERI
REGION CODE ADDRESS : 4332 LAFAYETTE DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,661.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0030991723 MORTGAGORS: CHROSNIAK JOHN
CHROSNIAK CYNTHIA
REGION CODE ADDRESS : 7702 ST GEORGE PLACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 279,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,233.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030991822 MORTGAGORS: STEINBERG BURECH
REGION CODE ADDRESS : 65 DIVISION AVENUE
01 CITY : BROOKLYN
STATE/ZIP : NY 11211
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,625.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,150.00
P & I AMT: 10,127.89
UPB AMT: 1,394,395.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992101 MORTGAGORS: VISICH JAMES
VISICH N
REGION CODE ADDRESS : 105 ERIKA LANE
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 383,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,607.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030992150 MORTGAGORS: FERNANDO RANJAN
FERNANDO NIRMALA
REGION CODE ADDRESS : 1046 FERNLEAF DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,777.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.25200
----------------------------------------------------------------
0 0030992192 MORTGAGORS: HENCK STEVEN
ORLOFF GLENNIS
REGION CODE ADDRESS : 11 MAPLE VALE DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,391.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992242 MORTGAGORS: STEFFEN ERIC
STEFFEN THERESA
REGION CODE ADDRESS : 14032 ROSE LODGE PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,327.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030992283 MORTGAGORS: MONAHAN SEAN
MONAHAN AMY
REGION CODE ADDRESS : 2140 TYSONS EXECUTIVE COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,600.00
P & I AMT: 11,282.41
UPB AMT: 1,606,692.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030992366 MORTGAGORS: SODERBERG GEORGE
SODERBERG DEANNE
REGION CODE ADDRESS : 5 WESTRIDGE DRIVE
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,829.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.79465
----------------------------------------------------------------
0 0030992549 MORTGAGORS: KUCZYNSKI THOMAS
KUCZYNSKI PETRA
REGION CODE ADDRESS : 6500 BALLYMORE LANE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,630.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.34600
----------------------------------------------------------------
0 0030992846 MORTGAGORS: MCCUNN MARK
MCCUNN REBECCA
REGION CODE ADDRESS : 13 CLAIRE DRIVE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0030992937 MORTGAGORS: COLE GLENN
COLE LESLIE
REGION CODE ADDRESS : 21 RALEIGH COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,373.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030993703 MORTGAGORS: NODZON ROBERT
NODZON JEAN
REGION CODE ADDRESS : 28441 N. 57TH STREET
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,053.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.93788
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,226,150.00
P & I AMT: 8,752.13
UPB AMT: 1,224,728.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030993802 MORTGAGORS: KAMEAN REGINA
KAMEAN JEFFRIE
REGION CODE ADDRESS : 5684 QUEENSBOROUGH DRIVE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,827.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.71600
----------------------------------------------------------------
0 0030993927 MORTGAGORS: MCDONALD RHONDA
REGION CODE ADDRESS : 2730 KITTRIDGE AVENUE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0030993968 MORTGAGORS: CAMILLO JACK
CAMILLO LINDA
REGION CODE ADDRESS : 24 BARCHESTER WAY
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030994149 MORTGAGORS: BARTIG KEVIN
REGION CODE ADDRESS : 3367 CADDEN DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,581.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99100
----------------------------------------------------------------
0 0030995021 MORTGAGORS: LAX JOHN
LAX MARY
REGION CODE ADDRESS : 200 WINDMILL DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,900.00
P & I AMT: 10,123.04
UPB AMT: 1,398,007.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995070 MORTGAGORS: FENNELL MARLA
FENNELL PATRICK
REGION CODE ADDRESS : 2542 CALLE JADE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,474.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97123
----------------------------------------------------------------
0 0030995260 MORTGAGORS: BROWN JOHN
REGION CODE ADDRESS : 8503 MATTHEW MAURY COURT
01 CITY : SPOTSYLVANIA
STATE/ZIP : VA 22533
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,567.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030995377 MORTGAGORS: LOTMAN ALFRED
LOTMAN CAROLE
REGION CODE ADDRESS : 2290 EAST GRAND AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,559.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.06900
----------------------------------------------------------------
0 0030995393 MORTGAGORS: INDJEYAN STEPHAN
MARDIROSIAN VIOLET
REGION CODE ADDRESS : 3213 LOS OLIVOS LANE
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,568.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030995401 MORTGAGORS: LAWHEAD ROBERT
LAWHEAD JESSICA
REGION CODE ADDRESS : 5200 MCKENZIE SPRINGS DRIVE
01 CITY : PLACERVILLE
STATE/ZIP : CO 81430
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,495.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.66600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,900.00
P & I AMT: 12,575.14
UPB AMT: 1,769,666.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030995484 MORTGAGORS: STEPHENS JAMES
STEPHENS CARLA
REGION CODE ADDRESS : 4208 SPRINGHILL ESTATES DRIVE
01 CITY : PARKER
STATE/ZIP : TX 75074
MORTGAGE AMOUNT : 248,265.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,085.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030995518 MORTGAGORS: RYAN BERNARD
RYAN LEE
REGION CODE ADDRESS : 7711 CORTE VIOLETA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,651.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030995880 MORTGAGORS: BRESTICKER MICHAEL
CULBERTSON SANDRA
REGION CODE ADDRESS : 4048 GROVE AVE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,619.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,313.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.81500
----------------------------------------------------------------
0 0030996086 MORTGAGORS: SHILTS LEE
REGION CODE ADDRESS : 20320 HUNTERS KNOLL
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,845.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 52.04000
----------------------------------------------------------------
0 0030996342 MORTGAGORS: BENSON CHARLES
BENSON SANDRA
REGION CODE ADDRESS : 11024 EVEREST CIRCLE
01 CITY : HUNTSVILLEE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 371,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,630.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99569
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,165.00
P & I AMT: 12,564.60
UPB AMT: 1,713,832.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030996656 MORTGAGORS: DIAS DAVID
DIAS IRENE
REGION CODE ADDRESS : 736 PARADISO COURT
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996870 MORTGAGORS: KAROL SUSAN
WARNING GLENN
REGION CODE ADDRESS : 2116 NOYES STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 223,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,538.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030996995 MORTGAGORS: CUMMINGS JOHN
SWENSON CHERYL
REGION CODE ADDRESS : 4108 OLD TOPANGA CANYON ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,659.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.00000
----------------------------------------------------------------
0 0030997035 MORTGAGORS: TAM PETER
TAM IRENE
REGION CODE ADDRESS : 2265 LAUGHLIN STREET
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------
0 0030997746 MORTGAGORS: JOHNSON BARBARA
REGION CODE ADDRESS : OLD HIGHWAY 70 EAST
01 CITY : GLENCOE
STATE/ZIP : NM 88324
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,844.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 37.20238
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,700.00
P & I AMT: 9,311.57
UPB AMT: 1,279,852.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030997886 MORTGAGORS: ALKARAM AMIR
ALKARAM CONNIE
REGION CODE ADDRESS : 635 REMBRANDT DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 149,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,447.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0030997985 MORTGAGORS: TERRELL JACK
TERRELL SUSAN
REGION CODE ADDRESS : 216 RICHARDSON DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,841.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0030998330 MORTGAGORS: NIEUWEJAAR NILS
LABAREE CHRISTINE
REGION CODE ADDRESS : 15 BROOKSBIE ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 220,410.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,024.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030998496 MORTGAGORS: WAGNER MARK
WAGNER LORI
REGION CODE ADDRESS : 118 EAST HILLSDALE BOULEVARD
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,933.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030998678 MORTGAGORS: KNOTTS RANDALL
KNOTTS HEATHER
REGION CODE ADDRESS : 378 AMY COURT
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,210.00
P & I AMT: 9,822.77
UPB AMT: 1,347,246.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030998892 MORTGAGORS: GONZALEZ JAIME
GONZALEZ HILDA
REGION CODE ADDRESS : 1765 NORTH BENTON WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,717.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999072 MORTGAGORS: SYMCZAK PAUL
WEINER DEBRA
REGION CODE ADDRESS : 14049 BOQUITA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,528.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030999254 MORTGAGORS: KILLION JOHN
KILLION DONNA
REGION CODE ADDRESS : 10211 BANKS COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,447.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999262 MORTGAGORS: RICHTER ELIZABETH
RICHTER EVAN
REGION CODE ADDRESS : 2639 NE 16TH AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,860.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030999312 MORTGAGORS: HALL GEORGE
HALL CHRISTINE
REGION CODE ADDRESS : 4833 CLAREMONT PARK COURT
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,900.00
P & I AMT: 9,856.28
UPB AMT: 1,359,403.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999882 MORTGAGORS: CROSSON L
WALTEN-CROSSON MICHELE
REGION CODE ADDRESS : 5 HUNT COURT
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96100
----------------------------------------------------------------
0 0030999890 MORTGAGORS: CHEN BOR-CHUNG
CHEN HAI-SHIA
REGION CODE ADDRESS : 11415 JORDAN LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,394.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999908 MORTGAGORS: JONES CONELL
JONES TOMMIE
REGION CODE ADDRESS : 10900 BATTERSEA COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,810.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.75400
----------------------------------------------------------------
0 0030999924 MORTGAGORS: FARMER KENNETH
FARMER KATHLEEN
REGION CODE ADDRESS : 21513 CHICKACOAN TRAIL DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.32700
----------------------------------------------------------------
0 0030999932 MORTGAGORS: HUSTON JOHN
HUSTON DIANE
REGION CODE ADDRESS : 28225 BOULDER CIRCLE
01 CITY : SHOREWOOD
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,856.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,800.00
P & I AMT: 10,811.46
UPB AMT: 1,524,867.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999940 MORTGAGORS: LLOYD` WILLIAM
LLOYD SUSAN
REGION CODE ADDRESS : 1035 LITTLE RIDGE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030999957 MORTGAGORS: SMITH DAVID
SMITH WENDY
REGION CODE ADDRESS : 2162 CHARLTON ROAD
01 CITY : SUNFISH LAKE
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,562.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,441.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.69800
----------------------------------------------------------------
0 0031000045 MORTGAGORS: CARROLL CARLA
CARROLL MICHAEL
REGION CODE ADDRESS : 106 CAMPBELL DRIVE
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.53400
----------------------------------------------------------------
0 0031000060 MORTGAGORS: RUSSELL DANIEL
RUSSELL KAREN
REGION CODE ADDRESS : 19 COSENZA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 457,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,715.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,473.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000094 MORTGAGORS: ZAGURSKI GEORGE
ZAGURSKI STACY
REGION CODE ADDRESS : 2430 SANTIAGO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,572.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.47400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,039,800.00
P & I AMT: 14,621.72
UPB AMT: 2,038,622.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000144 MORTGAGORS: BLIESE ANDREW
BLIESE FAYE
REGION CODE ADDRESS : 1338 WATERFORD ROAD
01 CITY : WOODBURY
STATE/ZIP : MN 55125
MORTGAGE AMOUNT : 234,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,988.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031000193 MORTGAGORS: LEE YOUNG
LEE JUNG
REGION CODE ADDRESS : 8671 HILLCREST ROAD
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,228.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000235 MORTGAGORS: LEE BARNEY
LEE JONI
REGION CODE ADDRESS : 4615 EL CAMINO CORTO
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,168.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000417 MORTGAGORS: MUI ALLAN
REGION CODE ADDRESS : 1 BRAINERD AVENUE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031000482 MORTGAGORS: GIANNUARIO PHILIP
GIANNUARIO JACQUELINE
REGION CODE ADDRESS : 104 FAIRWAY AVENUE
01 CITY : VERONA TOWNSHIP
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,150.00
P & I AMT: 10,202.59
UPB AMT: 1,416,009.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031000623 MORTGAGORS: CARPENTER JAMES
CARPENTER BRENDA
REGION CODE ADDRESS : ROUTE 7 WATERFRONT ST
01 CITY : TIFTON
STATE/ZIP : GA 31794
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.85700
----------------------------------------------------------------
0 0031000656 MORTGAGORS: BENGTSON GRAY
BENGTSON BARBARA
REGION CODE ADDRESS : 28442 CALLE PINON
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 371,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,449.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
0 0031000821 MORTGAGORS: BAUMAN SHARI
REGION CODE ADDRESS : 3 WOODBRIDGE COURT
01 CITY : CHAPPAQUA
STATE/ZIP : NY 10514
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,738.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 43.47800
----------------------------------------------------------------
0 0031000870 MORTGAGORS: MELKONIAN RUTH
REGION CODE ADDRESS : 945 LANCASTER WAY
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,842.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031000961 MORTGAGORS: MITCHELL KAMERON
MITCHELL CATHY
REGION CODE ADDRESS : 5090 VIA INGRESO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,856.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,150.00
P & I AMT: 11,178.03
UPB AMT: 1,526,686.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001068 MORTGAGORS: HARRISON MICHAEL
REGION CODE ADDRESS : 50 SUGAR MAPLE DRIVE
01 CITY : ROSLYN
STATE/ZIP : NY 11576
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031001159 MORTGAGORS: ESPOSITO MATTHEW
REGION CODE ADDRESS : 385 BOSTON POST ROAD
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 675,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 674,535.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,894.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 79.88100
----------------------------------------------------------------
0 0031001167 MORTGAGORS: MATUS GARY
REGION CODE ADDRESS : 884 S ARROYO BLVD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 547,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,093.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,828.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031001217 MORTGAGORS: CHOY TUCK
DING AI
REGION CODE ADDRESS : 3006 ROSE ARBOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,592.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031001282 MORTGAGORS: SOMAIYA MANISH
REGION CODE ADDRESS : 245 EAST 93RD STREET, UNIT 14E
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,064,300.00
P & I AMT: 14,810.06
UPB AMT: 2,063,221.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001498 MORTGAGORS: BENEDETTI ROY
BENEDETTI NANCY
REGION CODE ADDRESS : 18 VISTA MONTEMAR
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031001605 MORTGAGORS: SMITH RONALD
SMITH JOAN
REGION CODE ADDRESS : 455 SNEATH WAY
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,061.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,526.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.21800
----------------------------------------------------------------
0 0031001720 MORTGAGORS: PETERSON JOEL
PETERSON JENNIFER
REGION CODE ADDRESS : 14619 ROCKSBOROUGH ROAD
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031001852 MORTGAGORS: ROESLER MARK
ROESLER AZALEA
REGION CODE ADDRESS : 1640 OPECHEE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,013.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002090 MORTGAGORS: GRIFFITH GEORGE
GRIFFITH GLORIA
REGION CODE ADDRESS : 784 ADAMS CIRCLE
01 CITY : SOCIAL CIRCLE
STATE/ZIP : GA 30279
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.68700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,200.00
P & I AMT: 13,673.34
UPB AMT: 1,897,401.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002298 MORTGAGORS: HILDRETH PATRICK
HILDRETH MARLA
REGION CODE ADDRESS : 4306 JANES LANE
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031002520 MORTGAGORS: WOOD GAWAIN
REGION CODE ADDRESS : 314 EXETER ROAD
01 CITY : HAMPTON FALLS
STATE/ZIP : NH 03844
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,764.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.62500
----------------------------------------------------------------
0 0031002546 MORTGAGORS: CARAPEZZI ROBERT
CARAPEZZI KAREN
REGION CODE ADDRESS : 1 KATHERINE DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.09600
----------------------------------------------------------------
0 0031002793 MORTGAGORS: BATARAGS ROBERT
BATARAGS ANITA
REGION CODE ADDRESS : 50 LOCUST LANE
01 CITY : UPPER SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031002843 MORTGAGORS: LENTINI CARLTON
LENTINI LINDA
REGION CODE ADDRESS : 5 CASTLE DRIVE
01 CITY : WILMINGTON
STATE/ZIP : MA 01887
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,328.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,500.00
P & I AMT: 9,912.03
UPB AMT: 1,406,909.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031002900 MORTGAGORS: WILSON DENNIS
WILSON ROBIN
REGION CODE ADDRESS : 3773 BUENA CREEK ROAD
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,230.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003072 MORTGAGORS: REITER ROBERT
REITER LYNN
REGION CODE ADDRESS : 30665 PALO ALTO DR
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,891.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003205 MORTGAGORS: SEUBERLING RONALD
SEUBERLING JO ANN
REGION CODE ADDRESS : 8425 EAST SULKY CIRCLE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 393,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,856.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031003221 MORTGAGORS: NORVELL LARRY
REGION CODE ADDRESS : 3 CAITLIN COURT
01 CITY : MT. HOLLY
STATE/ZIP : NJ 08060
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031003346 MORTGAGORS: HILL JOHN
HILL MARIE
REGION CODE ADDRESS : 4993 JULIE STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,519.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.72700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,700.00
P & I AMT: 10,017.82
UPB AMT: 1,402,273.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031003361 MORTGAGORS: RESSLER TODD
REGION CODE ADDRESS : 74 CENTER ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003510 MORTGAGORS: FAITHFULL GEORGE
FAITHFULL KAREN
REGION CODE ADDRESS : 25 MELROSE PLACE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,833.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031003643 MORTGAGORS: MAGNUSON CARL
MAGNUSON KERRY
REGION CODE ADDRESS : 1145 SUSSEX LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,046.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031003940 MORTGAGORS: NOSTRO ANTHONY
GAGLIO-NOSTRO FRANCA
REGION CODE ADDRESS : 77 TAYLORTOWN ROAD
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 437,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,121.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031004120 MORTGAGORS: DROOKS MARK
GOLD DONNA
REGION CODE ADDRESS : 2208 DUXBURY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,576.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,824,600.00
P & I AMT: 13,286.47
UPB AMT: 1,823,354.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031004146 MORTGAGORS: BALLESTEROS MARIA
REGION CODE ADDRESS : 25003 BLACK CREEK
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78257
MORTGAGE AMOUNT : 272,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,212.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.68600
----------------------------------------------------------------
0 0031004203 MORTGAGORS: SWENSON JERRY
IKAMI CAROL
REGION CODE ADDRESS : 235 ELLIS ROAD
01 CITY : HOMEWOOD
STATE/ZIP : CA 96141
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031004351 MORTGAGORS: LENDAHL ROBERT
LENDAHL JOAN
REGION CODE ADDRESS : 171 SUNSET TERRACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,596.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,660.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.64700
----------------------------------------------------------------
0 0031004963 MORTGAGORS: CELI STEPHEN
CELI LAUREN
REGION CODE ADDRESS : 70 DANA ROAD
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,826.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031005242 MORTGAGORS: GOLD BARRY
GOLD KATHY
REGION CODE ADDRESS : 620 FALLS LAKE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.54900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,400.00
P & I AMT: 11,743.95
UPB AMT: 1,674,162.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005309 MORTGAGORS: RANDALL VICTORIA
REGION CODE ADDRESS : 5019 SOUTHRIDGE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
0 0031005531 MORTGAGORS: BERLIN MITCHELL
BERLIN SUZANNE
REGION CODE ADDRESS : 7 ANDREA COURT
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
0 0031005580 MORTGAGORS: SCARANO DEAN
SCARANO SUSAN
REGION CODE ADDRESS : 1 HOPE STREET
01 CITY : MONTVALE
STATE/ZIP : NJ 07645
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031005796 MORTGAGORS: SKOOG PAUL
JANSSEN DEBORAH
REGION CODE ADDRESS : 306 SCHIAPPINO STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031005879 MORTGAGORS: MCNULTY PATRICK
MCNULTY JOANNE
REGION CODE ADDRESS : 10024 HIDDEN KNOLL COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,704.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,228.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,000.00
P & I AMT: 11,183.85
UPB AMT: 1,539,173.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031005994 MORTGAGORS: BOUTON SUZANNE
BOUTON DAVID
REGION CODE ADDRESS : #4 CARLTON DRIVE
01 CITY : MT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.60100
----------------------------------------------------------------
0 0031006273 MORTGAGORS: GRAINGER WILLIAM
GRAINGER VICTORIA
REGION CODE ADDRESS : 3964 EAST LAUREL STREET
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,738.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
0 0031006521 MORTGAGORS: BLANDINO GREGORY
BLANDINO BETTY
REGION CODE ADDRESS : 6324 CALLE ALTAMIRA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 219,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,302.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.15400
----------------------------------------------------------------
0 0031006828 MORTGAGORS: TROESCH THOMAS
TROESCH CONNIE
REGION CODE ADDRESS : 25411 NORTH VERNE COURT
01 CITY : STEVENSONS RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 218,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,034.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031006901 MORTGAGORS: WAXMAN LEE
WAXMAN JUNE
REGION CODE ADDRESS : 14216 ROYAL FOREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.79400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,750.00
P & I AMT: 11,200.67
UPB AMT: 1,571,488.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031006919 MORTGAGORS: DUKES DELMAR
REGION CODE ADDRESS : 1404 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 240,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,262.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031006968 MORTGAGORS: SALDARINI CHARLES
SALDARINI VERONICA
REGION CODE ADDRESS : 15 HOPPER COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,526.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.72500
----------------------------------------------------------------
0 0031007008 MORTGAGORS: DISKIN HOWARD
DISKIN ANNE
REGION CODE ADDRESS : 4926 HOLLY STREET
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,763.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031007073 MORTGAGORS: CERESI JOHN
CERESI LESLIE
REGION CODE ADDRESS : 30 MAPLE LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.79500
----------------------------------------------------------------
0 0031007081 MORTGAGORS: CARLSON ROBERT
CARLSON PEGGY
REGION CODE ADDRESS : 20904 DELTA DRIVE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.39200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,450.00
P & I AMT: 10,889.28
UPB AMT: 1,518,669.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007271 MORTGAGORS: LEHMAN WALTER
REGION CODE ADDRESS : 3060 GRAND BAY BLVD UNIT 271
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,310.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,898.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031007370 MORTGAGORS: GAUDET JOHN
SCHNIPPERING MICHAEL
REGION CODE ADDRESS : 4111 WYCLIFF AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,309.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.25300
----------------------------------------------------------------
0 0031007768 MORTGAGORS: SEEFUS DOUGLAS
SEEFUS JEANNE
REGION CODE ADDRESS : 1544 SPRINGBROOK ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,704.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031007842 MORTGAGORS: GOLDMAN RONALD
GOLDMAN BARBARA
REGION CODE ADDRESS : 1717 MONTANA AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,072.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,677.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031007883 MORTGAGORS: LALEHZARZADEH EHSAN
REGION CODE ADDRESS : 504 AVONDALE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,128.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,323,900.00
P & I AMT: 16,893.18
UPB AMT: 2,321,525.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031007933 MORTGAGORS: DEVINE DAVID
DEVINE STEPHANIE
REGION CODE ADDRESS : 397 LARCH CREST COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,329.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.83300
----------------------------------------------------------------
0 0031008048 MORTGAGORS: TYSSOWSKI JOSEPH
TYSSOWSKI KRISTINA
REGION CODE ADDRESS : 14064 GARED DRIVE
01 CITY : GLENWOOD
STATE/ZIP : MD 21738
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008170 MORTGAGORS: RODMAN JOHN
REGION CODE ADDRESS : 3801 24TH STREET NORTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008329 MORTGAGORS: PANCIOCCO CASS
PANCIOCCO LINDA
REGION CODE ADDRESS : 2710 BRADBURY COURT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,781.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031008543 MORTGAGORS: ESCHER WILLIAM
ESCHER LORETTA
REGION CODE ADDRESS : 21604 TRIBUNE STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,321.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,000.00
P & I AMT: 10,057.11
UPB AMT: 1,393,029.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031008568 MORTGAGORS: DUBERCHIN SUSAN
REGION CODE ADDRESS : 4388 PARK VICENTA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031008592 MORTGAGORS: COGDELL QUEN
REGION CODE ADDRESS : 8511 SUNFLOWER STREET
01 CITY : HIGHLANDS
STATE/ZIP : TX 77562
MORTGAGE AMOUNT : 52,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,339.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031008725 MORTGAGORS: PAPICH PAUL
PAPICH ANGELA
REGION CODE ADDRESS : 1220 YALE STREET NO. 2
01 CITY : SANTA MONMICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,616.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031008857 MORTGAGORS: SLOAN JAMES
SLOAN CHRISEETA
REGION CODE ADDRESS : 1040 ADELLA AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.39400
----------------------------------------------------------------
0 0031009301 MORTGAGORS: DIEPSTRATEN TED
DIEPSTRATEN NANCY
REGION CODE ADDRESS : 3880 S WATERFRONT DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 300,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,243.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,850.00
P & I AMT: 11,896.16
UPB AMT: 1,630,155.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031009426 MORTGAGORS: PRESCOTT THEODORE
PRESCOTT SARAH
REGION CODE ADDRESS : 2353 MOUNTAIN AVENUE
01 CITY : LA CRESENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 418,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,112.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,033.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031009533 MORTGAGORS: FELDMAN MORTON
FELDMAN CAROL
REGION CODE ADDRESS : 23 BLUE RIBBON DRIVE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,774.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.82400
----------------------------------------------------------------
0 0031009715 MORTGAGORS: CRAFT SALLY ANN
REGION CODE ADDRESS : 5831 KENSINGTON BOULEVARD
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70127
MORTGAGE AMOUNT : 270,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,044.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031010002 MORTGAGORS: PERRY ARLIN
PERRY SONYA
REGION CODE ADDRESS : 7935 S. HUDSON PLACE
01 CITY : TULSA
STATE/ZIP : OK 74316
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,823.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010168 MORTGAGORS: MEMMI CLAUDE
WAXMAN SHARON
REGION CODE ADDRESS : 703 EUCLID ST
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,387.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,338.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.40700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,650.00
P & I AMT: 12,402.87
UPB AMT: 1,719,141.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031010465 MORTGAGORS: LAMANTIA DAVID
LAMANTIA SHARON
REGION CODE ADDRESS : 375 KAPOK COURT
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,607.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.71300
----------------------------------------------------------------
0 0031010523 MORTGAGORS: HOLMGREN ROLF
BECICKA KELLY
REGION CODE ADDRESS : 300 PARKVIEW TERRACE
01 CITY : GOLDEN VALLEY
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,973.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031010648 MORTGAGORS: KINZER DAVID
REGION CODE ADDRESS : 1212 WEST ISLAND DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 437,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,145.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,173.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.59000
----------------------------------------------------------------
0 0031010689 MORTGAGORS: TAKEDA NORIO
TAKEDA YOONSUN
REGION CODE ADDRESS : 12 SQUANTZ VIEW DRIVE
01 CITY : NEW FAIRFIELD
STATE/ZIP : CT 06812
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,294.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031010697 MORTGAGORS: NORDSTROM J
NORDSTROM DEANNA
REGION CODE ADDRESS : 5717 COACHLIGHT COURT
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50266
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,654.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,550.00
P & I AMT: 10,394.78
UPB AMT: 1,459,675.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031011174 MORTGAGORS: GUSSIS ALAN
GUSSIS GAIL
REGION CODE ADDRESS : 438 AMBERLEY LANE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,540.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031011554 MORTGAGORS: SMITH RANDALL
SMITH MARCIA
REGION CODE ADDRESS : 8 FIRETHORN CIRCLE
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,702.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.82400
----------------------------------------------------------------
0 0031011646 MORTGAGORS: WORTHINGTON DOUGLAS
WORTHINGTON ALICE
REGION CODE ADDRESS : 4766 LONDON LANE
01 CITY : EAGAN
STATE/ZIP : MN 55122
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,006.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031011778 MORTGAGORS: MANLEY DUNCAN
REGION CODE ADDRESS : 2300 MONTEVALLO ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35223
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,382.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.37000
----------------------------------------------------------------
0 0031012057 MORTGAGORS: FORTUNE REENA
FORTUNE DAVID
REGION CODE ADDRESS : 16072 SILVERLEAF DRIVE
01 CITY : SAN LORENZO
STATE/ZIP : CA 94580
MORTGAGE AMOUNT : 224,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,381.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,725,350.00
P & I AMT: 12,701.18
UPB AMT: 1,723,013.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031012065 MORTGAGORS: FERRANTE DONALD
FERRANTE JANIS
REGION CODE ADDRESS : 24036 NE 142ND AVENUE
01 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,828.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 91.29000
----------------------------------------------------------------
0 0031012180 MORTGAGORS: DONNY FRANCIS
DONNY MARILOU
REGION CODE ADDRESS : 119 NOTTINGHAM DRIVE
01 CITY : SPRING CITY
STATE/ZIP : PA 19475
MORTGAGE AMOUNT : 224,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,479.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031012198 MORTGAGORS: TONEY MICHAEL
TONEY PRUDENCE
REGION CODE ADDRESS : 3741 E. HUBER STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 355,162.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,908.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.84300
----------------------------------------------------------------
0 0031012909 MORTGAGORS: MERTZ MICHAEL
MERTZ BARBARA
REGION CODE ADDRESS : 35 COLONIAL WAY
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013287 MORTGAGORS: GREGA BRIAN
GREGA MICHELLE
REGION CODE ADDRESS : 11505 WATERHAVEN COURT
01 CITY : RESTON
STATE/ZIP : VA 20190
MORTGAGE AMOUNT : 215,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,112.00
P & I AMT: 10,470.68
UPB AMT: 1,425,515.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013337 MORTGAGORS: MURPHY EMALEE
REGION CODE ADDRESS : 5809 NICHOLSON LANE, 516
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,845.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031013360 MORTGAGORS: CORCORAN J
CORCORAN CELESTE
REGION CODE ADDRESS : 110 DAVID'S WAY
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02879
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031013402 MORTGAGORS: GERA NICHOLAS
GERA SUEANNE
REGION CODE ADDRESS : 19565 GLEN UNA DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.26100
----------------------------------------------------------------
0 0031013584 MORTGAGORS: SHAMY MICHAEL
SHAMY SANDRA
REGION CODE ADDRESS : 129 BRANDON COURT
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,182.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031013691 MORTGAGORS: CUMPSTON SCOTT
CUMPSTON KERRY
REGION CODE ADDRESS : 2006 N STARLING WAY
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 232,981.26 OPTION TO CONVERT :
UNPAID BALANCE : 232,479.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.25800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,981.26
P & I AMT: 10,543.60
UPB AMT: 1,467,345.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031013709 MORTGAGORS: GALE MICHAEL
GALE LARA
REGION CODE ADDRESS : 5901 HAYDEN'S COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 321,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,728.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031013931 MORTGAGORS: SEIBEL SCOTT
SEIBEL SHARON
REGION CODE ADDRESS : 119 LANDRUM CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,216.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031014061 MORTGAGORS: MONTEJANO RICARDO
MONTEJANO VICTORIA
REGION CODE ADDRESS : 168 LA CRESCENTA
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 346,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,955.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031014434 MORTGAGORS: FETERIK MICHAEL
FETERIK TERRI
REGION CODE ADDRESS : 3021 DRUID LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,755.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,098.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.32700
----------------------------------------------------------------
0 0031014848 MORTGAGORS: BRANCHINI RICK
VOISARD PAMELA
REGION CODE ADDRESS : 217 FOREST CREEK LANE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 227,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,085.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,800.00
P & I AMT: 11,453.36
UPB AMT: 1,563,742.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031014921 MORTGAGORS: CURRY RICHARD
CURRY SUSAN
REGION CODE ADDRESS : 46 CHAUCER COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,719.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031014954 MORTGAGORS: DUBILO EDWARD
ZIMMERMAN GRACE
REGION CODE ADDRESS : 3 TAMARACK ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,433.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.36300
----------------------------------------------------------------
0 0031015001 MORTGAGORS: HANCOCK GARY
HANCOCK LORNA
REGION CODE ADDRESS : 13601 NORTH 12TH WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85022
MORTGAGE AMOUNT : 231,780.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,620.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.43600
----------------------------------------------------------------
0 0031015019 MORTGAGORS: ROSS MAUREEN
REGION CODE ADDRESS : 1539 OLD BALLARD RD.
01 CITY : CHARLOTTSVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,305.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031015043 MORTGAGORS: BURDULIS DONALD
ELSNER KATHLEEN
REGION CODE ADDRESS : 2638 78TH AVENUE NORTHEAST
01 CITY : MEDINA
STATE/ZIP : WA 98039
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,833.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,280.00
P & I AMT: 11,179.71
UPB AMT: 1,550,911.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015134 MORTGAGORS: LANDES JOHN
LANDES CRYSTAL
REGION CODE ADDRESS : 3529 GARY DRIVE
01 CITY : PLANO, COLLIN COUNTY
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,593.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031015480 MORTGAGORS: HENTHORN TIMOTHY
HENTHORN LISA
REGION CODE ADDRESS : 1122 W ARMITAGE #102
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,832.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031015498 MORTGAGORS: CASTA ALFREDO
ACOSTA ENID
REGION CODE ADDRESS : 47096 GLENAIRE COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,220.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031015514 MORTGAGORS: CHOINIERE DAVID
HODGES ANN
REGION CODE ADDRESS : 2511 CLAY STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,791.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015613 MORTGAGORS: BUSKER PHILIP
BUSKER MELISSA
REGION CODE ADDRESS : 11800 MIRA MESA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78732
MORTGAGE AMOUNT : 292,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,698.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,150.00
P & I AMT: 9,669.65
UPB AMT: 1,330,136.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015753 MORTGAGORS: BATTEN HUGH
BATTEN CATHLEEN
REGION CODE ADDRESS : 423 AVENEDA GRANADA #48
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,531.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031015829 MORTGAGORS: LINDBORG LESANNE
JENANYAN KAREN
REGION CODE ADDRESS : 530 SCENIC DR
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93103
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,832.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015928 MORTGAGORS: CHANG CHI
CHANG JIENNY
REGION CODE ADDRESS : 8-10 NORTH GRANT STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,799.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031015944 MORTGAGORS: BUDKE JAMES
REGION CODE ADDRESS : 127 GRAND VIEW AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.89400
----------------------------------------------------------------
0 0031015977 MORTGAGORS: CLARE RICHARD
LOVELACE-CLARE REBECCA
REGION CODE ADDRESS : 5336 MERIDIAN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,096.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,050.00
P & I AMT: 10,514.35
UPB AMT: 1,463,021.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016066 MORTGAGORS: KALUZNY KENNETH
KALUZNY MAUREEN
REGION CODE ADDRESS : 4974 RED PINE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 83.68200
----------------------------------------------------------------
0 0031016090 MORTGAGORS: COLLINS BRIAN
COLLINS LORETTA
REGION CODE ADDRESS : 636 SUSSEX ROAD
01 CITY : LOWER MERION TWP
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031016124 MORTGAGORS: SCHUBERT DONALD
SCHUBERT BARBARA
REGION CODE ADDRESS : 6607 NORTHRIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,257.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031016165 MORTGAGORS: MCLOUD CAROLINE
REGION CODE ADDRESS : 2592 JENKINS POINT ROAD
01 CITY : SEABROOK ISLAND
STATE/ZIP : SC 29455
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.17600
----------------------------------------------------------------
0 0031016256 MORTGAGORS: KERVANDJIAN VAHRAM
REGION CODE ADDRESS : 19530 SUPERIOR STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,778.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 73.33300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,500.00
P & I AMT: 11,517.43
UPB AMT: 1,581,863.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031016348 MORTGAGORS: EMILLIANI JOHN
BELMONT JOANN
REGION CODE ADDRESS : 324 SACKETT STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11231
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,526.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016371 MORTGAGORS: SAMUEL LILLIAN
REGION CODE ADDRESS : 14 TIMBERLINE
01 CITY : MILLWOOD
STATE/ZIP : NY 10546
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,816.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031016462 MORTGAGORS: ARNZEN ROBERT
REGION CODE ADDRESS : 115 GREEN RIDGE AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,774.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.53200
----------------------------------------------------------------
0 0031016652 MORTGAGORS: HAGGERTY LEROY
HAGGERTY DEBORAH
REGION CODE ADDRESS : 9725 BLANDFORD ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32827
MORTGAGE AMOUNT : 780,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 779,463.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,655.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031016926 MORTGAGORS: BAKER THOMAS
BAKER JULIA
REGION CODE ADDRESS : 9848 RATHBURN AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,101,000.00
P & I AMT: 15,305.45
UPB AMT: 2,099,851.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031017015 MORTGAGORS: CAULFIELD MICHAEL
CAULFIELD JULIE
REGION CODE ADDRESS : 110 MACROOM AVENUE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,318.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031017387 MORTGAGORS: BIESER JERRY
CLEEK-BIESER LAURA
REGION CODE ADDRESS : 29 CHAMPNEY PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,422.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031017429 MORTGAGORS: ASHTON PAUL
REGION CODE ADDRESS : 19 BRIMMER STREET, UNIT 5
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,705.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,987.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.67700
----------------------------------------------------------------
0 0031017452 MORTGAGORS: DANG VINCENT
DANG LANNIE
REGION CODE ADDRESS : 3292 CHATEAU DU LAC
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,404.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
0 0031018492 MORTGAGORS: SMITH GREGORY
SMITH JULI
REGION CODE ADDRESS : 2972 HAWK COURT
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,789.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.63200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,850.00
P & I AMT: 9,973.21
UPB AMT: 1,391,640.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018518 MORTGAGORS: LONG RANDAL
LONG SALLY
REGION CODE ADDRESS : 6119 WESTGLEN DR
01 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,625.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.43700
----------------------------------------------------------------
0 0031018583 MORTGAGORS: KENT GLORIA
KENT THOMAS
REGION CODE ADDRESS : 5640 DEWEY HILL ROAD
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,991.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031018617 MORTGAGORS: PILGRIM-JOHNSON KAREN
REGION CODE ADDRESS : 24 W. 276 PIN OAK LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,861.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031018641 MORTGAGORS: WENTWORTH JOHN
REGION CODE ADDRESS : 140 NORTH GARDNER STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,788.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031018823 MORTGAGORS: ALTNAU GLENN
ALTNAU DIANNE
REGION CODE ADDRESS : 6025 GRAND COURT
01 CITY : ORANGE
STATE/ZIP : TX 77630
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.34600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,200.00
P & I AMT: 9,923.20
UPB AMT: 1,370,067.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031018856 MORTGAGORS: FARROW GLORIA
REGION CODE ADDRESS : 9813 SUMMERFORD DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23832
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,075.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031019029 MORTGAGORS: CURTISS CRAIG
CURTISS SALLY
REGION CODE ADDRESS : 9 ROSEMILT PLACE
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.26000
----------------------------------------------------------------
0 0031019045 MORTGAGORS: YOUNG WILLIAM
YOUNG DAWN
REGION CODE ADDRESS : 14 BRAIDBURN WAY
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031019508 MORTGAGORS: DAILY SANFORD
DAILY MARGARET
REGION CODE ADDRESS : 14832 POPLAR HILL ROAD
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 370,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,818.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031019565 MORTGAGORS: THOMAS TERIA
THOMAS EARL
REGION CODE ADDRESS : 3701 AYNOR DRIVE
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,030.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,000.00
P & I AMT: 10,894.53
UPB AMT: 1,509,124.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031019607 MORTGAGORS: KHALSA DIDAR
KHALSA SAT
REGION CODE ADDRESS : 72 CATHERINE LANE
01 CITY : LA MESILLA
STATE/ZIP : NM 87532
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,004.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031019664 MORTGAGORS: BONAR SCOTT
BONAR STACEY
REGION CODE ADDRESS : 11268 DUENDA ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,192.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031019946 MORTGAGORS: ROMEO SALVATORE
ROMEO AMY
REGION CODE ADDRESS : 2871 JUDITH DRIVE
01 CITY : BELLMORE
STATE/ZIP : NY 11710
MORTGAGE AMOUNT : 403,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031020118 MORTGAGORS: BELFAST ANTHONY
BELFAST MARIE
REGION CODE ADDRESS : 3425 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,301.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031020373 MORTGAGORS: ROLLIN LAWRENCE
ROLLIN ILSE
REGION CODE ADDRESS : 6040 DOLOMITE DRIVE
01 CITY : EL DORADO
STATE/ZIP : CA 95623
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,848.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,100.00
P & I AMT: 10,870.17
UPB AMT: 1,511,096.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020530 MORTGAGORS: SAYRE NANCY
SAYRE CHRISTOPHER
REGION CODE ADDRESS : 2155 SOUTH SAINT PAUL STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,984.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83801
----------------------------------------------------------------
0 0031020837 MORTGAGORS: VRBICEK ROBERT
VBRICEK DIANE
REGION CODE ADDRESS : 1210 SYCAMORE VALLEY LANE
01 CITY : JEFFERSON CITY
STATE/ZIP : MO 65109
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
0 0031020894 MORTGAGORS: HUFF ERIC
HUFF CHRISTIE
REGION CODE ADDRESS : 13028 SEAGROVE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 379,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,288.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.84210
----------------------------------------------------------------
0 0031021181 MORTGAGORS: CASTELLO GEORGE
CASTELLO NATALIE
REGION CODE ADDRESS : 5145 SHEARIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90041
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,797.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021488 MORTGAGORS: LAWSON FREDDY
LAWSON ANNETTA
REGION CODE ADDRESS : 14708 DANTON COURT
01 CITY : MITCHELLEVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,478.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,950.00
P & I AMT: 11,544.20
UPB AMT: 1,621,549.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021538 MORTGAGORS: MC CAIN JAMES
MC CAIN MADELEINE
REGION CODE ADDRESS : 423 CAMERON STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,282.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031021561 MORTGAGORS: VALACER DAVID
VALACER THERESE
REGION CODE ADDRESS : 1069 DEARBORN ROAD
01 CITY : FORT LEE
STATE/ZIP : NJ 07024
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,796.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021579 MORTGAGORS: STRAIN PHILLIP
SMITH BARBARA
REGION CODE ADDRESS : 340 ALBION STREET
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 235,885.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,726.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.10700
----------------------------------------------------------------
0 0031021587 MORTGAGORS: WATTS RICHARD
WATTS CYNTHIA
REGION CODE ADDRESS : 9881 GREENSVIEW CIRCLE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,252.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031021595 MORTGAGORS: JEFFCOAT JOHN
JEFFCOAT LOIS
REGION CODE ADDRESS : 867 GENERAL HIGHWAY
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,785.00
P & I AMT: 9,469.99
UPB AMT: 1,303,887.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031021603 MORTGAGORS: COUILLARD MICHAEL
COUILLARD MARY
REGION CODE ADDRESS : 14810 ROLLER COASTER ROAD
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80921
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,512.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021611 MORTGAGORS: ENSAFDARAN AFSHIN
REGION CODE ADDRESS : 11208 DESERT CLASSIC LANE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021900 MORTGAGORS: GOLD RICHARD
DRUCKER MINDY
REGION CODE ADDRESS : 35 JARED BLVD
01 CITY : KENDALL PARK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,849.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.49800
----------------------------------------------------------------
0 0031021934 MORTGAGORS: ALBRECHT SCOTT
ALBRECHT ROBIN
REGION CODE ADDRESS : 9634 PARK STREET
01 CITY : MANASSAS
STATE/ZIP : VA 22110
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031021983 MORTGAGORS: MILLER DONALD
MILLER CATHERINE
REGION CODE ADDRESS : 3540 HIDDEN LAKE DRIVE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,226.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98276
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,400.00
P & I AMT: 9,966.16
UPB AMT: 1,390,121.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022049 MORTGAGORS: PAYNE PATRICIA
REGION CODE ADDRESS : 19007 162ND AVENUE NORTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,720.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.82300
----------------------------------------------------------------
0 0031022106 MORTGAGORS: GOPY SOOMANTEE
REGION CODE ADDRESS : 1649-1649 1/2 FRANKLIN STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,310.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031022619 MORTGAGORS: HORENSTEIN BENNETT
GARCIA SANNA
REGION CODE ADDRESS : 91 RHEEM BLVD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,325.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031022627 MORTGAGORS: FERNANDEZ RAFAEL
FERNANDEZ ISABEL
REGION CODE ADDRESS : 2513 MONTEREY COURT
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 337,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,711.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031022643 MORTGAGORS: PIERRE-PIERRE GARRY
PIERRE-PIERRE DONNA
REGION CODE ADDRESS : 17 MAYHEW DRIVE
01 CITY : SOUTH ORANGE
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,096.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,100.00
P & I AMT: 10,389.32
UPB AMT: 1,406,164.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031022676 MORTGAGORS: MCGAW JOHN
MCGAW KIMBERLY
REGION CODE ADDRESS : 4 THORNAPPLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,482.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031022692 MORTGAGORS: WHITMAN LARRY
REGION CODE ADDRESS : 19 HILLSIDE DRIVE
01 CITY : (LOS FLORES AREA), ORANGE
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,330.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031022825 MORTGAGORS: POWERS ROBERT
REGION CODE ADDRESS : 123 LYNDHURST DRIVE
01 CITY : PINE TOWNSHIP
STATE/ZIP : PA 15090
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,451.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,222.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.56100
----------------------------------------------------------------
0 0031022965 MORTGAGORS: MORRIS PATRICK
MORRIS CHERYL
REGION CODE ADDRESS : 818 SHOREWOOD DRIVE
01 CITY : SEABROOK
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,606.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023021 MORTGAGORS: GOSNELL JAMES
GOSNELL KERRI
REGION CODE ADDRESS : 3240 VAN ALLEN PLACE
01 CITY : TOPANGA CANYON AREA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 467,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,617.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,551.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,350.00
P & I AMT: 12,399.28
UPB AMT: 1,669,488.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023112 MORTGAGORS: MALLACE ALAN
MALLACE PHYLLIS
REGION CODE ADDRESS : 8225 E HOVERLAND ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,832.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031023195 MORTGAGORS: BRADY ARTHUR
BRADY MICHELE
REGION CODE ADDRESS : 1111 EAST 1100 NORTH
01 CITY : OREM
STATE/ZIP : UT 84087
MORTGAGE AMOUNT : 361,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,569.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,718.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031023245 MORTGAGORS: KHAMNEI CHRIS
ZANES HOLLY
REGION CODE ADDRESS : 82 OVERLAKE PARK
01 CITY : BURLINGTON
STATE/ZIP : VT 05401
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023476 MORTGAGORS: GILMORE MARTIN
KRISSOVICH MARTA
REGION CODE ADDRESS : 10 FAIRVIEW AVENUE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,680.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.56600
----------------------------------------------------------------
0 0031023526 MORTGAGORS: LO GEORGE
YU MEI
REGION CODE ADDRESS : 320 CAPETOWN DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,800.00
P & I AMT: 10,895.15
UPB AMT: 1,538,082.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023765 MORTGAGORS: NJOKU IGWEKALA
REGION CODE ADDRESS : 6193 AUGUSTA WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,835.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.83700
----------------------------------------------------------------
0 0031023831 MORTGAGORS: DODSON BILL
DODSON BETTY
REGION CODE ADDRESS : 18391 STANISLAUS STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,395.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031023922 MORTGAGORS: TUGGLE JULIE
REGION CODE ADDRESS : 3912 BRYN MAWR DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,961.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.70200
----------------------------------------------------------------
0 0031024011 MORTGAGORS: CLAYTON PAUL
CLAYTON YVONNE
REGION CODE ADDRESS : 162 FOREST STREET, UNIT 162
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,331.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.90500
----------------------------------------------------------------
0 0031024151 MORTGAGORS: HAYES KERSTEN
HAYES DAREN
REGION CODE ADDRESS : 5717 CLARENDON DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,802.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,400.00
P & I AMT: 9,669.65
UPB AMT: 1,326,325.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024268 MORTGAGORS: CARRICK DEAN
CARRICK JUDY
REGION CODE ADDRESS : 80-459 HERITAGE PALMS DRIVE S
01 CITY : INDIO
STATE/ZIP : CA 92201
MORTGAGE AMOUNT : 273,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,371.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031024276 MORTGAGORS: HOWARD JAMES
HOWARD LEONA
REGION CODE ADDRESS : 10102 ELLARD DRIVE
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 228,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,221.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031024284 MORTGAGORS: BURSZTEIN ALEXANDER
CARPENTER SUSAN
REGION CODE ADDRESS : 768 ARMONK ROAD
01 CITY : MOUNT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031024300 MORTGAGORS: HOYOS ANDY
HOYOS MICHELLE
REGION CODE ADDRESS : 1803 GEORGIA LANDING COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 222,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,243.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024417 MORTGAGORS: DEMARIA ERIC
DEMARIA KIM
REGION CODE ADDRESS : 7 COUNTRY WAY
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,774.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,325.00
P & I AMT: 9,490.77
UPB AMT: 1,298,610.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024441 MORTGAGORS: PARSONS MARSHALL
PARSONS CLAUDETTE
REGION CODE ADDRESS : 5201 E. HASHKNIFE ROAD
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 244,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,281.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031024482 MORTGAGORS: HOLLENBECK DOUGLAS
HOLLENBECK CATHERINE
REGION CODE ADDRESS : 1504 EDELWEISS DRIVE
01 CITY : CEDAR PARK
STATE/ZIP : TX 78613
MORTGAGE AMOUNT : 128,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,309.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031024508 MORTGAGORS: KHAN MOHAMMAD
KHAN SHATAJ
REGION CODE ADDRESS : 1553 SOUTH WEST RIDGE DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 439,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,832.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031024565 MORTGAGORS: STOVALL BRENDA
REGION CODE ADDRESS : 17718 CRICKET HILL DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,352.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031024615 MORTGAGORS: AVANESSIAN HAROUTUNE
REGION CODE ADDRESS : 119 ALERCHE DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 549,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,838.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 29.28000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,550.00
P & I AMT: 11,642.02
UPB AMT: 1,639,775.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024649 MORTGAGORS: SPEAR DALLAS
SPEAR PHYLLIS
REGION CODE ADDRESS : 5861 BROADWELL
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031024805 MORTGAGORS: KHAN MICHAEL
KHAN SUSAN
REGION CODE ADDRESS : 12 SHEFFIELD COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,342.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.25700
----------------------------------------------------------------
0 0031024904 MORTGAGORS: PENNEY PAUL
PENNEY LINDA
REGION CODE ADDRESS : 490 BARRON PARK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,850.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.59200
----------------------------------------------------------------
0 0031024912 MORTGAGORS: SAXENA SUNIT
SAXENA SANGEETA
REGION CODE ADDRESS : 18569 DECATUR ROAD
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 791,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 790,441.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,666.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 54.74000
----------------------------------------------------------------
0 0031024961 MORTGAGORS: CRUZ ANTONIO
MERLE ISABELLE
REGION CODE ADDRESS : 1009 NOVEMBER DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,788.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.21000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,000.00
P & I AMT: 13,797.20
UPB AMT: 1,905,922.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031024987 MORTGAGORS: TOLINSKI BRAD
SULLIVAN LORINDA
REGION CODE ADDRESS : 22 VREELAND PLACE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
0 0031025083 MORTGAGORS: MCCORMICK RICHARD
MCCORMICK TINA
REGION CODE ADDRESS : 33440 OVERLAND TRAIL
01 CITY : AGUA DULCE AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,332.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031025125 MORTGAGORS: STRAIN PAUL
STRAIN DIANA
REGION CODE ADDRESS : 5075 GREENHAVEN STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 507,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,141.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.75213
----------------------------------------------------------------
0 0031025232 MORTGAGORS: MULLER ERIC
MULLER KAREN
REGION CODE ADDRESS : 27347 MATTERHORN DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031025331 MORTGAGORS: HILL TIMOTHY
HILL PAULA
REGION CODE ADDRESS : 1671 DUNE POINT COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,817.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,000.00
P & I AMT: 11,049.92
UPB AMT: 1,526,124.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025349 MORTGAGORS: HA WILLIE
HA THOA
REGION CODE ADDRESS : 20850 BROKEN BIT DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 308,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,003.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031025380 MORTGAGORS: SINGEWALD DEAN
SINGEWALD SANDRA
REGION CODE ADDRESS : 31 FOREST HILLS DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,295.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031025448 MORTGAGORS: POISER DIETER
AROIAN SHOGHAGAT
REGION CODE ADDRESS : 168 WEST ARTHUR AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.56300
----------------------------------------------------------------
0 0031025497 MORTGAGORS: MINASIAN INDRID
REGION CODE ADDRESS : 1910 BEL AIRE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 158,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,390.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.65500
----------------------------------------------------------------
0 0031025513 MORTGAGORS: KIM YOUNG
KIM JEONG
REGION CODE ADDRESS : 5601 OSTIN AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,637.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.33300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,897.57
UPB AMT: 1,377,030.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031025539 MORTGAGORS: I0N THOMAS
ION JANET
REGION CODE ADDRESS : 12642 CRESCENTMEADOW COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,833.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025554 MORTGAGORS: ROTH ANTHONY
ROTH JACQUELINE
REGION CODE ADDRESS : 4403 WEDGEWOOD DRIVE
01 CITY : COPLEY
STATE/ZIP : OH 44321
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,351.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031025588 MORTGAGORS: ZEARBAUGH MIKE
ZEARBAUGH DEBRA
REGION CODE ADDRESS : 2191 BURLWOOD DRIVE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 214,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,782.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,466.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.62200
----------------------------------------------------------------
0 0031025653 MORTGAGORS: CIOFFI JOHN
CARTER LAURA
REGION CODE ADDRESS : 401 CLIFTON STREET
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,318.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031025729 MORTGAGORS: GREENE GEORGE
GREENE LINDA
REGION CODE ADDRESS : 3019 JAVA ROAD
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,758.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,950.00
P & I AMT: 9,595.48
UPB AMT: 1,319,044.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031025752 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XXXXX
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025885 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031025901 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.80500
----------------------------------------------------------------
0 0031025943 MORTGAGORS: XXXXXX XXXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.95700
----------------------------------------------------------------
0 0031026024 MORTGAGORS: XXXXXX XXXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : MILL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,763.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.60000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,000.00
P & I AMT: 11,149.39
UPB AMT: 1,560,067.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031026065 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,255.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,525.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026081 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,304.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.87500
----------------------------------------------------------------
0 0031026107 MORTGAGORS: XXXXX XXX
XX XXXX-XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,754.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031026248 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : BOYNE CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,333.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031026370 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX #0000
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 50,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,187.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 381.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,139,650.00
P & I AMT: 8,272.25
UPB AMT: 1,138,835.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031026701 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXX XXXXX
01 CITY : FRISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,745.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.71100
----------------------------------------------------------------
0 0031026792 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 11903 XXXXXXX COURT
01 CITY : BOWIE
STATE/ZIP : MD 20720
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,065.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031026834 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031027014 MORTGAGORS: XXX XXXXXX
XXX XXXX-XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXXX XXXX
01 CITY : WEST COVINA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 317,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,731.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.00900
----------------------------------------------------------------
0 0031027089 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXX XXXXXXXX XXXXXX
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,797.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.63000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,700.00
P & I AMT: 11,275.70
UPB AMT: 1,572,589.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031027220 MORTGAGORS: XXXXXXX XXXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,034.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031027402 MORTGAGORS: XXXX XXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX 000XX XXXXX
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,989.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.78142
----------------------------------------------------------------
0 0031027683 MORTGAGORS: VAN XXXXXX XXXXX
REGION CODE ADDRESS : 78095 LIMA COURT
01 CITY : LA QUINTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 667,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 667,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,778.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 74.11100
----------------------------------------------------------------
0 0031027964 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXXXX XXXX
01 CITY : MIDDLETOWN
STATE/ZIP : MD 21769
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.72700
----------------------------------------------------------------
0 0031028038 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 000XX XXX XXXXXXXXX
01 CITY : CARNATION
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,204.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,200.00
P & I AMT: 12,780.05
UPB AMT: 1,727,060.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031028194 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX
01 CITY : TEMECULA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.44000
----------------------------------------------------------------
0 0031028293 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : MONTVILLE TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,620.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031028418 MORTGAGORS: XXXXXXXXXXX XXXXXXXX
XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXXX XXXXX
01 CITY : ANAHEIM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028806 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,426.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031028939 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 20875 AVENIDA CASTILLA
01 CITY : MURRIETA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,728.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,000.00
P & I AMT: 11,937.88
UPB AMT: 1,595,399.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031029010 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXX XXXXXX
01 CITY : IRMO
STATE/ZIP : SC 29063
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,948.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031029069 MORTGAGORS: XXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 22932 CALLE AZORIN
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,504.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029101 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 912 WILD CHERRY COURT
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 217,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,250.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031029168 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX
01 CITY : FRISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 314,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,854.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031029200 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : XXX 000 XXXXXXXX XXXX
00 XXXX : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,090.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 63.14600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,800.00
P & I AMT: 10,765.03
UPB AMT: 1,469,144.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031029291 MORTGAGORS: COMPTON XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX XXXXX
01 CITY : BAKERSFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,853.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029309 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXX
REGION CODE ADDRESS : 905 CALLE SIMPATICO
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 396,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,626.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,877.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031029358 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 10067 CARPENTERS VIEW TRAIL
01 CITY : CINCINNATI
STATE/ZIP : OH 45249
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,004.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031029531 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : VAIL
STATE/ZIP : CO 81657
MORTGAGE AMOUNT : 301,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,837.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.83500
----------------------------------------------------------------
0 0031029929 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,954.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,350.00
P & I AMT: 10,893.70
UPB AMT: 1,519,276.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031030166 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXXX XX.
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 233,645.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,488.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031030364 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 000XX XXXXXX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.96400
----------------------------------------------------------------
0 0031030372 MORTGAGORS: CATER XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : APTOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031030380 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 16252 SANTA XXXXXXX XXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,853.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030398 MORTGAGORS: PERRY XXXXXXXXXXX
XXXXX PEGEEN
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXX
01 CITY : UNION CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 222,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,189.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.37200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,195.00
P & I AMT: 10,502.17
UPB AMT: 1,462,165.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031030505 MORTGAGORS: XXX XXX
REGION CODE ADDRESS : 0000 X XXXXXXXX XXXXXX
01 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031030596 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXXX
01 CITY : SILVER SPRING
STATE/ZIP : MD 20902
MORTGAGE AMOUNT : 248,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,510.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.02400
----------------------------------------------------------------
0 0031030604 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : XXXX ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.84600
----------------------------------------------------------------
0 0031030786 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXXX XXXXX
01 CITY : LOUISVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.93900
----------------------------------------------------------------
0 0031030877 MORTGAGORS: XXXXX XXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,697.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,050.00
P & I AMT: 9,816.08
UPB AMT: 1,371,515.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031030885 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,941.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031030893 MORTGAGORS: XXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 X XXXXXX XXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031031032 MORTGAGORS: XXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX XXXX
01 CITY : BOULDER CREEK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 536,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 536,391.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,707.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.55500
----------------------------------------------------------------
0 0031031065 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXX
01 CITY : NOVATO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 769,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 768,457.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,509.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 69.90900
----------------------------------------------------------------
0 0031031115 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX OZCEANIA
REGION CODE ADDRESS : 000 XXXX XXXXX
01 CITY : OAK BROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,079,900.00
P & I AMT: 14,740.95
UPB AMT: 2,078,609.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031031750 MORTGAGORS: XXXXXXXX XXXX
XXXXXX-XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,602.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031031867 MORTGAGORS: SHELTERS XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : NEWPORT BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 291,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,649.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.80500
----------------------------------------------------------------
0 0031032048 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,679.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032055 MORTGAGORS: SHANBACKER XXXXXX
XXXXXXXXXX K
REGION CODE ADDRESS : 12 ROYAL DOMINION COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.60300
----------------------------------------------------------------
0 0031032345 MORTGAGORS: HOULDER XXXXXXXX
XXXX-XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : GRETNA
STATE/ZIP : LA 70056
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,334,650.00
P & I AMT: 9,759.92
UPB AMT: 1,333,535.84
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031032428 MORTGAGORS: XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XXXXXXX
01 CITY : XXXXXX
STATE/ZIP : IA 52302
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,544.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031032576 MORTGAGORS: DE FEO XXXXXXX
XX XXX LUCY
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : WEST PATERSON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,059.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031032600 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX XXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.25900
----------------------------------------------------------------
0 0031032634 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : WESTLAKE
STATE/ZIP : OH 44145
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031032691 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXX
01 CITY : EASTCHESTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,963.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,007.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,450.00
P & I AMT: 12,423.32
UPB AMT: 1,703,056.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031032808 MORTGAGORS: X'XXXXXXX XXXX
X'XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 0XX XXXXXX
01 CITY : HERMOSA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,707.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.73900
----------------------------------------------------------------
0 0031032980 MORTGAGORS: XXXXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,593.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031033186 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : DOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031033236 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX 0XX XXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 298,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,843.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031033673 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXX XXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,700.00
P & I AMT: 12,583.65
UPB AMT: 1,713,979.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031033707 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,798.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.85200
----------------------------------------------------------------
0 0031033749 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 28662 XXXXXXX XXXXXXX
00 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 378,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,839.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031033772 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 7037 VIA DEL RIO
01 CITY : SAN XXXX
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,860.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------
0 0031033822 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 27811 CAMINO DEL RIO
01 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 221,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,067.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031033830 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXXX XXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 420,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,919.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97905
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,650.00
P & I AMT: 11,709.28
UPB AMT: 1,572,485.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031033897 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : APTOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,675.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031033921 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : PARAMUS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,682.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.51500
----------------------------------------------------------------
0 0031033996 MORTGAGORS: GALLUP XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XXXXX
01 CITY : MINNEAPOLIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034317 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,302.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031034473 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXX
01 CITY : XXXXXX XXXXX
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,500.00
P & I AMT: 11,351.32
UPB AMT: 1,588,021.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031034481 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXX XXXXX XXXXX
01 CITY : CORINTH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,850.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031034960 MORTGAGORS: XXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.72600
----------------------------------------------------------------
0 0031035132 MORTGAGORS: SPARKS XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXX XXXXX
01 CITY : LOS ALAMITOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,833.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035512 MORTGAGORS: XXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : XXXX BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,175.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031035520 MORTGAGORS: WARNER XXXXXXX
XXXXXX MALENKA
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXXX
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,765.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,400.00
P & I AMT: 10,996.04
UPB AMT: 1,505,383.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031035579 MORTGAGORS: XXXXXXX XXXXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 X'XXXXXX XXXX
01 CITY : WEST XXXXXXX
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,850.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.62700
----------------------------------------------------------------
0 0031035710 MORTGAGORS: XXXXXXXX XXXXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXX
01 CITY : WRIGHTSTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 244,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,955.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031035751 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 000 X X'XXXXXX XXXXXX
01 CITY : MENLO PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,849.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.89700
----------------------------------------------------------------
0 0031035876 MORTGAGORS: XXXX XXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : LONGPORT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,655.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
0 0031036007 MORTGAGORS: XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,100.00
P & I AMT: 10,418.67
UPB AMT: 1,418,146.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031036130 MORTGAGORS: DE XXXXX XXXXXX
DE XXXXX XXXXXX
REGION CODE ADDRESS : 5223 SPALDING CT
01 CITY : XXXXX
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 215,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,040.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0031036148 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,620.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.40000
----------------------------------------------------------------
0 0031036155 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 23415 PALM DRIVE
01 CITY : CALABASAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,766.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,072.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 61.71800
----------------------------------------------------------------
0 0031036197 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : MOBILE
STATE/ZIP : AL 36608
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,536.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.50000
----------------------------------------------------------------
0 0031036304 MORTGAGORS: HOLDEN XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,167.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98511
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,650.00
P & I AMT: 10,593.93
UPB AMT: 1,445,131.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031036320 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 11745 XXXX XXXXXX
00 CITY : VALLEY VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,786.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.31800
----------------------------------------------------------------
0 0031036452 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000-000 00XX XXXXXX
00 CITY : HERMOSA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031036601 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 220,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,722.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031036726 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 1 WARRANT OFFICER XXXXX XXXX
01 CITY : ORANGEBURG
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.11300
----------------------------------------------------------------
0 0031036759 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXXXX
01 CITY : BORO OF CHATHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 67.60200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,950.00
P & I AMT: 12,361.80
UPB AMT: 1,671,925.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031036809 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXX
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,542.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031037021 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 40 SLEEPY HOLLOW LANE
01 CITY : ORINDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.11628
----------------------------------------------------------------
0 0031037039 MORTGAGORS: XXXXXXXXXXXXX XXXXXXX
PRADEEP SUDHA
REGION CODE ADDRESS : 16966 XXXXXXX PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,571.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031037047 MORTGAGORS: HALL XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031037070 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXX XXXX XXXX
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.93400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,600.00
P & I AMT: 12,236.63
UPB AMT: 1,690,496.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031037096 MORTGAGORS: XX XXXXX-XXXX
XXXX BIH-YUAN
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : FOLSOM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,945.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031037112 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : ROCKLIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,783.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.77700
----------------------------------------------------------------
0 0031037153 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : MADISON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.72800
----------------------------------------------------------------
0 0031037229 MORTGAGORS: XXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXXX
01 CITY : VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031037237 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : XXXX XXXXX
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.32300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,100.00
P & I AMT: 9,532.79
UPB AMT: 1,318,185.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031037245 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXX
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 226,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,077.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,562.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031037260 MORTGAGORS: XXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX XXXX
01 CITY : REISTERTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 268,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,750.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70500
----------------------------------------------------------------
0 0031037278 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 530,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,848.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.61700
----------------------------------------------------------------
0 0031037443 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXX
REGION CODE ADDRESS : 00000 XXXXX XXXX
01 CITY : SANTEE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,572.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031037575 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX ALEXANDRA
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,103.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,000.00
P & I AMT: 10,753.06
UPB AMT: 1,500,304.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031038342 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXX XXXX XXXXX
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,036.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031038359 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXX XXXXXX
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 221,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,635.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.67600
----------------------------------------------------------------
0 0031038409 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : #0 XXXXXXXXXX XX
01 CITY : NORTH LITTLE ROCK
STATE/ZIP : AR 72116
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031038532 MORTGAGORS: XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 000XX XXXXX XXXXXXXXX
01 CITY : MAPLE VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.48100
----------------------------------------------------------------
0 0031038599 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : SAN MATEO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,626.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,079.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.26000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,300.00
P & I AMT: 11,349.12
UPB AMT: 1,582,654.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031038748 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXX
01 CITY : LAUGNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038763 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,714.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.82600
----------------------------------------------------------------
0 0031038771 MORTGAGORS: XXXX XXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,933.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 696.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038805 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 4866 CALLE DE ORO
01 CITY : OAKLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,767.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.77500
----------------------------------------------------------------
0 0031038912 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,119.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,300.00
P & I AMT: 10,082.71
UPB AMT: 1,395,330.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031038946 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 X. XXXX XXXX
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 338,980.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,752.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031038953 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : X00 X0000 XXXXXXXX XXXXXXX
01 CITY : CEDARBURG
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031038979 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXXX XXXXXX
01 CITY : FULLERTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,593.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031039126 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : SHAKER HEIGHTS
STATE/ZIP : OH 44120
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039233 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : XXXXXXXX HEIGHTS
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,828.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.80000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,730.00
P & I AMT: 9,161.41
UPB AMT: 1,264,174.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031039241 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 X XXXXXXX XXXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039274 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXXX XXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039357 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXXX
01 CITY : XXXXXX XXXXX
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,454.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039407 MORTGAGORS: XXXXXXXXXX PANAYUITUS
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXXXX XXXX
01 CITY : SADDLE RIVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.17100
----------------------------------------------------------------
0 0031039472 MORTGAGORS: XXX XXX
XXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,199.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,400.00
P & I AMT: 12,667.90
UPB AMT: 1,757,869.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031039498 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : ENCINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,869.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039555 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 25 XXXX
01 CITY : LA HONDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,615.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031039571 MORTGAGORS: XXXXX XXXXX
XXXXXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXXX XXXX
01 CITY : CARMEL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,666.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,381.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040199 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 366,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,041.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031040314 MORTGAGORS: TUN TIN
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX #0
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,175.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,500.00
P & I AMT: 11,595.34
UPB AMT: 1,612,368.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031040561 MORTGAGORS: XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX XXXX
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,770.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90400
----------------------------------------------------------------
0 0031040595 MORTGAGORS: XXXXXXX X XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,937.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.71400
----------------------------------------------------------------
0 0031040611 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXX XXXX
01 CITY : XXX'X SUMMIT
STATE/ZIP : MO 64064
MORTGAGE AMOUNT : 346,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,196.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031040645 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : MIDDLETON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,939.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.98400
----------------------------------------------------------------
0 0031040660 MORTGAGORS: XXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XX
01 CITY : FARGO
STATE/ZIP : ND 58102
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,558.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.10500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,200.00
P & I AMT: 11,035.64
UPB AMT: 1,541,401.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031040678 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXX XX
01 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,334.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031040686 MORTGAGORS: THOMSON XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XX XXXXXXXX XXXXXX
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,889.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.21000
----------------------------------------------------------------
0 0031040785 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX
01 CITY : WOODLAND HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,184.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.44000
----------------------------------------------------------------
0 0031040835 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
01 CITY : MONTEREY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031040868 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000-X XXXXXX XXX
01 CITY : MILL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,300.00
P & I AMT: 9,638.53
UPB AMT: 1,343,408.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031040975 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : RENO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031041015 MORTGAGORS: XXXXX XXXXXX
XXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,652.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.22388
----------------------------------------------------------------
0 0031041122 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXXX
01 CITY : FREESTONE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,689.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031041155 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 303,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,731.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99208
----------------------------------------------------------------
0 0031041163 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX XXXX
01 CITY : CAMERON PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,150.00
P & I AMT: 9,581.45
UPB AMT: 1,330,676.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031041346 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 2655 NORTH MERIDIAN
01 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,751.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041353 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : PALM HARBOR
STATE/ZIP : FL 34685
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041361 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXX XXXXX
01 CITY : BELLEAIR
STATE/ZIP : FL 34616
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,066.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,508.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041486 MORTGAGORS: XXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX #00
01 CITY : TIBURON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.14200
----------------------------------------------------------------
0 0031041627 MORTGAGORS: XXXX XXXX
XXXXX-XXXX XXXX
REGION CODE ADDRESS : 000 XXXXX 00XX XXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,865.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,467.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,400.00
P & I AMT: 8,879.77
UPB AMT: 1,259,306.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031041718 MORTGAGORS: CHEN XXXX
XXXX CHIA-LING
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,813.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041817 MORTGAGORS: XXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX # 000
00 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,785.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041841 MORTGAGORS: MC XXXXXX XXXXXX
MC XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22312
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,513.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031041866 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041965 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXXX XXXXX
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,813.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.23400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,750.00
P & I AMT: 10,522.76
UPB AMT: 1,468,709.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031041973 MORTGAGORS: WOOD XXXXXXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXX XXXXX
01 CITY : CORVALLIS
STATE/ZIP : OR 97330
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,487.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041981 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 22505 NE 2 ST
01 CITY : XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 318,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,837.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031042039 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XX
00 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,869.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031042062 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XXXXX
01 CITY : PRINCE XXXXXXXXX
STATE/ZIP : MD 20678
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,532.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031042153 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,400.00
P & I AMT: 10,101.78
UPB AMT: 1,440,727.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031042195 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,743.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.65656
----------------------------------------------------------------
0 0031042203 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : NEWPORT BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042237 MORTGAGORS: XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 4264 CORTE FAVOR
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.78300
----------------------------------------------------------------
0 0031042278 MORTGAGORS: XXXXX H
REGION CODE ADDRESS : 00000 XXXX XXXXXX
01 CITY : MONTROSE
STATE/ZIP : AL 36559
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031042443 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXX XXX
01 CITY : ROSEVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,918.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,500.00
P & I AMT: 12,417.90
UPB AMT: 1,750,401.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031042666 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 143 CAMINO DEL SOL
01 CITY : VALLEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,043.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031042690 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX XXXX
01 CITY : LAKE ARROWHEAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031042708 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,402.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,229.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031042724 MORTGAGORS: XXXX XXX
XXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
01 CITY : SAN CLEMENTE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,824.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.49200
----------------------------------------------------------------
0 0031042740 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXX
01 CITY : VILLA PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,779.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,252.00
P & I AMT: 9,706.64
UPB AMT: 1,357,476.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031042849 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00000 X 000XX XXXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 243,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,682.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031042880 MORTGAGORS: XXXXXX XXXXXX
ELDHARRAT AMAL
REGION CODE ADDRESS : 764 XXXXXX XXXXXX DRIVE
01 CITY : KING OF PRUSSIA
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,333.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,509.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031042971 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXX XXXXXX
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,036.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031042997 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : FRISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 119,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,968.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 863.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99059
----------------------------------------------------------------
0 0031043151 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 234,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,900.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,036,950.00
P & I AMT: 7,485.67
UPB AMT: 1,035,920.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031043318 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 37 PINEWOOD
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,637.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043441 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX XXXXX
01 CITY : LA JOLLA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,790.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031043573 MORTGAGORS: XXX WON
REGION CODE ADDRESS : 000 XXXXX XXXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 281,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,501.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031043631 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : LAS XXXXXX AREA, ORANGE C
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,400.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031043680 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,600.00
P & I AMT: 10,628.81
UPB AMT: 1,464,591.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031043748 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : FLOWER MOUND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,584.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.39300
----------------------------------------------------------------
0 0031043763 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.96900
----------------------------------------------------------------
0 0031043813 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : SEAL BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,338.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.06000
----------------------------------------------------------------
0 0031043821 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX
01 CITY : SANTA XXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,533.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031043870 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,786.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.26400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,250.00
P & I AMT: 9,795.17
UPB AMT: 1,354,243.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031044043 MORTGAGORS: XXXXX XXXXXX
XXXXX XXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX
01 CITY : NEWHALL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 206,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,947.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,441.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031044076 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXX XXXX
01 CITY : XXXX XXXXX
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044126 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 29 MANORWOOD
01 CITY : COTO DE CAZA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,261.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0031044134 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XX XXXX XXXXXX
01 CITY : ENCINITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,787.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044258 MORTGAGORS: O'BRIEN XXXX
X'XXXXX SANDRA
REGION CODE ADDRESS : 220 EDEN BRIDGE PLACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,567.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,400.00
P & I AMT: 10,506.36
UPB AMT: 1,468,149.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044282 MORTGAGORS: MININSOHN STACEY
REGION CODE ADDRESS : CLOSTER DOCK ROAD
01 CITY : ALPINE
STATE/ZIP : NJ 07620
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,380.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0031044324 MORTGAGORS: UCHINO BRIAN
UCHINO VICKI
REGION CODE ADDRESS : 1348 MARLIN AVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,763.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.80400
----------------------------------------------------------------
0 0031044340 MORTGAGORS: LOPEZ ROMA
LOPEZ EDUARDO
REGION CODE ADDRESS : 16 ROCKLEDGE ROAD
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044381 MORTGAGORS: CUNEO MICHAEL
REGION CODE ADDRESS : 2316 CORONET BLVD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.51200
----------------------------------------------------------------
0 0031044415 MORTGAGORS: PIOTRASZEWSKI NOEMI
PIOTRASZEWSKI ESTEBAN
REGION CODE ADDRESS : 5417 VENTURA CANYON AVENUE
01 CITY : (SHERMAN OAKS AREA) LOS A
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,500.00
P & I AMT: 9,343.12
UPB AMT: 1,311,559.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044480 MORTGAGORS: DAVIS ALMER
HEAP-DAVIS BEVERLY
REGION CODE ADDRESS : 6127 PARK CREST DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,811.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.93800
----------------------------------------------------------------
0 0031044506 MORTGAGORS: ATTWOOD SCOTT
REGION CODE ADDRESS : 7918 LAKEVIEW DRIVE
01 CITY : LEANDER
STATE/ZIP : TX 78641
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.45700
----------------------------------------------------------------
0 0031044514 MORTGAGORS: RENNELL JOHN
REEVES JULIET
REGION CODE ADDRESS : 6950 OLDE ALANTA PARKWAY
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 311,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,168.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031044555 MORTGAGORS: GUALCO FREDERICK
REGION CODE ADDRESS : 1154 VILLAGE DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,844.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 86.20689
----------------------------------------------------------------
0 0031044571 MORTGAGORS: MANNA STEVEN
MANNA ANDREA
REGION CODE ADDRESS : 7255 LASCALA DRIVE
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,071.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,000.00
P & I AMT: 9,842.27
UPB AMT: 1,367,679.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044605 MORTGAGORS: SALONEK THOMAS
SALONEK LINDA
REGION CODE ADDRESS : 229 STATION LANE NORTH
01 CITY : HUDSON
STATE/ZIP : WI 54016
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,160.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.16600
----------------------------------------------------------------
0 0031044621 MORTGAGORS: KELLER WILLIAM
KELLER LYNDA
REGION CODE ADDRESS : 1160 STATFORD WAY
01 CITY : TAHOE VISTA
STATE/ZIP : CA 96148
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,168.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.85454
----------------------------------------------------------------
0 0031044688 MORTGAGORS: DETWEILER JEFFREY
DETWEILER LAURA
REGION CODE ADDRESS : 2568 COBBLECREEK COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,239.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.84500
----------------------------------------------------------------
0 0031044696 MORTGAGORS: HAMMOND EVANS
HAMMOND PAMELA
REGION CODE ADDRESS : 2029 PETERSBURG WAY
01 CITY : LODI
STATE/ZIP : CA 95242
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044720 MORTGAGORS: APPEL JAMES
HOGAN KATHLEEN
REGION CODE ADDRESS : 244 CHURCHILL STREET
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,750.00
P & I AMT: 9,569.41
UPB AMT: 1,329,872.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044779 MORTGAGORS: SCHWARTZ JERRY
SCHWARTZ SIMONE
REGION CODE ADDRESS : 38 PHEASANT RIDGE DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,255.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,577.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044829 MORTGAGORS: ARICO VINCENT
ARICO LISA
REGION CODE ADDRESS : 41 SORBONNE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.42100
----------------------------------------------------------------
0 0031044837 MORTGAGORS: LEVINE MICHAEL
LEVINE LORI
REGION CODE ADDRESS : 1029 SANTA ANA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,309.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031044852 MORTGAGORS: CROASDALE FRANK
CROASDALE MICHELLE
REGION CODE ADDRESS : 1200 VIA LANDETA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 399,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,911.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,825.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031044860 MORTGAGORS: SHUTTS DAVID
SHUTTS MONICA
REGION CODE ADDRESS : 21686 CALLE ALCAZAR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,822.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,200.00
P & I AMT: 11,419.31
UPB AMT: 1,580,102.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031044886 MORTGAGORS: LARON ISIDRO
LARON TERESITA
REGION CODE ADDRESS : 52 CORTADERIA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 421,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,209.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.94700
----------------------------------------------------------------
0 0031044902 MORTGAGORS: HUYNH MINH
HUYNH BINH
REGION CODE ADDRESS : 1451 STUBBINS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031045008 MORTGAGORS: MULKEY JAMES
MULKEY TERRESA
REGION CODE ADDRESS : 3806 KENORA COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 253,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,066.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88900
----------------------------------------------------------------
0 0031045024 MORTGAGORS: TURANO JOHN
TURANO MARIELLEN
REGION CODE ADDRESS : 8 JORDANNA COURT
01 CITY : TWP OF BEDMINSTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.63600
----------------------------------------------------------------
0 0031045081 MORTGAGORS: MCGRATH TERRY
MCGRATH JANIS
REGION CODE ADDRESS : 6954 S OLYMPUS DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.48400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,750.00
P & I AMT: 11,669.56
UPB AMT: 1,609,276.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045198 MORTGAGORS: DUCOTE G
DUCOTE JAWAN
REGION CODE ADDRESS : 18222 S. MISSION HILLS AVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.70000
----------------------------------------------------------------
0 0031045255 MORTGAGORS: LOUIE ELAINE
REGION CODE ADDRESS : 575 MERRIEWOOD DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.29200
----------------------------------------------------------------
0 0031045339 MORTGAGORS: PRIER ROBERT
PRIER JOANNE
REGION CODE ADDRESS : 155 RIVERSIDE AVENUE
01 CITY : GREENWICH
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045354 MORTGAGORS: LEE JAMES
LEE GERI
REGION CODE ADDRESS : 7000 CRESTVIEW LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 401,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,709.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045404 MORTGAGORS: RAUSCHENBACH KURT
RAUSCHENBACH KRISTIN
REGION CODE ADDRESS : 36 BATTLE FLAGG ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 431,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,520.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,520.00
P & I AMT: 13,560.27
UPB AMT: 1,887,749.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045420 MORTGAGORS: BROOKS JAMIE
LAU RONALD
REGION CODE ADDRESS : 818 COURTENAY DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031045461 MORTGAGORS: DELGADO FEDERICO
GARCIA-DELGADO CECILIA
REGION CODE ADDRESS : 4012 LITTLE LANE
01 CITY : EL PASO
STATE/ZIP : TX 79922
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,690.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031045479 MORTGAGORS: MADARA JOHN
MADARA PATRICIA
REGION CODE ADDRESS : 18 HOUNDS TOOTH LANE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.37600
----------------------------------------------------------------
0 0031045594 MORTGAGORS: CHILDERS THOMAS
HALL JOHN
REGION CODE ADDRESS : 125 LAKE DRIVE
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.18000
----------------------------------------------------------------
0 0031045735 MORTGAGORS: KOBRINE ROBERT
KOBRINE SANDIE
REGION CODE ADDRESS : 44 OAKHURST ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,017.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,200.00
P & I AMT: 11,348.99
UPB AMT: 1,559,017.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045776 MORTGAGORS: MC KAY DONALD
MC KAY ELAINE
REGION CODE ADDRESS : 7990 CAMINO TASSAJARA
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,616.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.57100
----------------------------------------------------------------
0 0031045826 MORTGAGORS: YELLICK CRAIG
YELLICK HEATHER
REGION CODE ADDRESS : 8168 ANTRIM COVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,382.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.06800
----------------------------------------------------------------
0 0031045909 MORTGAGORS: MONTY BARBARA
MONTALVO ANN
REGION CODE ADDRESS : 796 BEECHNUT COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031045925 MORTGAGORS: OFFENBERGER JACOB
REGION CODE ADDRESS : 2469 BANYAN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,677.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,400.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031046154 MORTGAGORS: LYONS GLENN
LYONS ANTOINETTE
REGION CODE ADDRESS : 1121 TALLEYRAND ROAD
01 CITY : WESTTOWN TOWNSHIP
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 215,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,190.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,250.00
P & I AMT: 12,618.30
UPB AMT: 1,770,675.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046170 MORTGAGORS: JONDAHL L.
JONDAHL CAROLYN
REGION CODE ADDRESS : 13514 WISTERIA WAY DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,306.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031046188 MORTGAGORS: LOURME JEROME
LOURME SUSAN
REGION CODE ADDRESS : 526 SELMART LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 332,390.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,155.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031046246 MORTGAGORS: CARMICHAEL DAVID
CARMICHAEL MARIETTA
REGION CODE ADDRESS : 1539 PRINCETON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 217,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,650.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031046303 MORTGAGORS: LEAVITT HAROLD
LIPMAN-BLUMEN JEAN
REGION CODE ADDRESS : 1520 E. CALIFORNIA BLVD.
01 CITY : PASADENA
STATE/ZIP : CA 91106
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 27.08333
----------------------------------------------------------------
0 0031046329 MORTGAGORS: SCHOEN LAURIE
REGION CODE ADDRESS : 2684 CAPELLA WAY
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,394.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,590.00
P & I AMT: 10,013.17
UPB AMT: 1,389,288.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046352 MORTGAGORS: GINGRICH JEFFREY
GINGRICH JONI
REGION CODE ADDRESS : 6870 TIMBERWOOD COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031046436 MORTGAGORS: MILLER JOHN
MILLER JOAN
REGION CODE ADDRESS : 3605 VALE STATION ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 344,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,800.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031046451 MORTGAGORS: JACKSON MELVIN
JACKSON JUDY
REGION CODE ADDRESS : 15605 BLUE WILLOW LANE
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031046642 MORTGAGORS: MCKIM BRAIN
MCKIM DOROTHY
REGION CODE ADDRESS : 15380 MICHAEL CREST DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 430,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,403.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,122.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031046675 MORTGAGORS: MEACHAM GREGORY
DUPART-MEACHAM ATHENA
REGION CODE ADDRESS : 209 TENBY COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.05300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,150.00
P & I AMT: 11,901.23
UPB AMT: 1,634,413.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031046717 MORTGAGORS: VOLLERO MARCO
VOLLERO WENDY
REGION CODE ADDRESS : 16 DITZEL FARM COURT
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031046782 MORTGAGORS: FIGARD STEVEN
FIGARD PAMELA
REGION CODE ADDRESS : LOT 43, BLK 205.13, SMITH COURT
01 CITY : TWP. OF HILLSBOROUGH
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.35600
----------------------------------------------------------------
0 0031046857 MORTGAGORS: SETTLES KIM
REGION CODE ADDRESS : 1706 ARLINGTON BLVD
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,343.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.90900
----------------------------------------------------------------
0 0031046923 MORTGAGORS: MILLER MIKE
REISS SHARRON
REGION CODE ADDRESS : 23475 SUNSET DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031047012 MORTGAGORS: SHALLY RUDOLPH
SHALLY CATHERINE
REGION CODE ADDRESS : 52 MILLBROOK ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,364.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,100.00
P & I AMT: 10,890.57
UPB AMT: 1,528,201.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047137 MORTGAGORS: SHAPIRO BARRY
FINA JOHN
REGION CODE ADDRESS : 3179 WOODPECKER LANE
01 CITY : PINETOP
STATE/ZIP : AZ 85935
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,844.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047236 MORTGAGORS: JOHNSON CHRISTOPHER
COLES KATHARINE
REGION CODE ADDRESS : 455 EAST NORTHMONT WAY
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.52800
----------------------------------------------------------------
0 0031047251 MORTGAGORS: FLEMING TIMOTHY
FLEMING BO
REGION CODE ADDRESS : 5790 VALLEY VIEW DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 305,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,699.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031047319 MORTGAGORS: EID ANDRE
EID RUTH
REGION CODE ADDRESS : 2751 WHEATFIELD CIRCLE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,846.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.44200
----------------------------------------------------------------
0 0031047350 MORTGAGORS: HONIG AUDREY
REGION CODE ADDRESS : 4500 WHITE OAK PLACE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,757.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,900.00
P & I AMT: 10,395.57
UPB AMT: 1,442,148.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047376 MORTGAGORS: BALBIERZ DANIEL
BALBIERZ LISA
REGION CODE ADDRESS : 973 CAMBRIDGE ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031047384 MORTGAGORS: VATH JOEL
VATH WANDA
REGION CODE ADDRESS : 31371 CAMINO SANCHO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031047525 MORTGAGORS: LU KELVIN
LU UT
REGION CODE ADDRESS : 2930 VISTA CREEK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,443.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047566 MORTGAGORS: WEISSENBORN MICHAEL
WEISSENBORN JENNIFER
REGION CODE ADDRESS : 13620 CHESTERFIELD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,837.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047582 MORTGAGORS: DUPAS THEODORE
DUPAS EVANGELINE
REGION CODE ADDRESS : 3020 WELSH WAY
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 55.42500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,100.00
P & I AMT: 9,762.54
UPB AMT: 1,340,350.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047590 MORTGAGORS: RAETHER SCOTT
RAETHER LINDA
REGION CODE ADDRESS : W 329 N 9286 WEST SHORE DR
01 CITY : MERTON
STATE/ZIP : WI 53029
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.81200
----------------------------------------------------------------
0 0031047632 MORTGAGORS: CHUNG ANN
KOUGH DOUGLAS
REGION CODE ADDRESS : 3655 WYNDHAM DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047657 MORTGAGORS: CHOKSHI HIMANSHU
CHOKSHI TEJAL
REGION CODE ADDRESS : 38642 PICKERING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 428,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,160.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,141.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047673 MORTGAGORS: CHRISTIAN ERIK
HIMELSTEIN JULIEANNE
REGION CODE ADDRESS : 5011 16TH STREET, N. W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20011
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,736.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047699 MORTGAGORS: MILLETTE JAMES
MILLETTE MARY
REGION CODE ADDRESS : 13209 MORAN DRIVE
01 CITY : GAITHERSBERG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.25000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,660.00
P & I AMT: 11,562.02
UPB AMT: 1,606,396.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031047731 MORTGAGORS: PATMORE KIMBERLY
REGION CODE ADDRESS : 104 HAWN DRIVE
01 CITY : FRISCO
STATE/ZIP : CO 80443
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047780 MORTGAGORS: BARNARD DUNCAN
BARNARD GILLIAN
REGION CODE ADDRESS : 10 MILL RIVER ROAD
01 CITY : NORFOLK
STATE/ZIP : MA 02056
MORTGAGE AMOUNT : 269,925.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,925.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85900
----------------------------------------------------------------
0 0031047814 MORTGAGORS: DO FRANK
DO MELANIE
REGION CODE ADDRESS : 19 SUNRISE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047996 MORTGAGORS: MILLER R
MILLER JAMIE
REGION CODE ADDRESS : 4717 LAKEHURST LANE
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,682.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 36.00000
----------------------------------------------------------------
0 0031048143 MORTGAGORS: RODRIGUEZ EDGAR
RODRIGUEZ NANCY
REGION CODE ADDRESS : 23263 W LEA COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,100.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,225.00
P & I AMT: 11,634.13
UPB AMT: 1,643,223.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048150 MORTGAGORS: BOGATZ GERRY
REGION CODE ADDRESS : 5924 HONEY HOLLOW ROAD
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.08300
----------------------------------------------------------------
0 0031048408 MORTGAGORS: AYLWARD DANIEL
AYLWARD DONNA
REGION CODE ADDRESS : 2901 CAPILANO COURT
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 61.84200
----------------------------------------------------------------
0 0031048424 MORTGAGORS: ENGLER TRENT
ENGLER CYNTHIA
REGION CODE ADDRESS : 6522 MCABEE ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.67000
----------------------------------------------------------------
0 0031048457 MORTGAGORS: BORSUM ANDREW
REGION CODE ADDRESS : 1742 REED STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,436.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048473 MORTGAGORS: BERGER STEVEN
BERGER BEATE
REGION CODE ADDRESS : 15875 EAGLE VIEW LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,975.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 304.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 21.50500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,119,200.00
P & I AMT: 8,108.56
UPB AMT: 1,118,853.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048507 MORTGAGORS: MIKELONIS LISA
ERKER CHRISTOPHER
REGION CODE ADDRESS : 863 BONDE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 372,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,143.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031048515 MORTGAGORS: MAC KENZIE LAWRENCE
MAC KENZIE LYNDA
REGION CODE ADDRESS : 68 SCHOONER HILL
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031048580 MORTGAGORS: MENTE JAMES
MENTE JEANNE
REGION CODE ADDRESS : 2119 BRIDGEPORT WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.20700
----------------------------------------------------------------
0 0031048713 MORTGAGORS: KAATZ WARD
KAATZ CHRISTINE
REGION CODE ADDRESS : 23125 57TH AVENUE SOUTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 277,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,354.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031048739 MORTGAGORS: WARMINGTON JAMES
WARMINGTON VICTORIA
REGION CODE ADDRESS : 307 FAIRWAY ROAD
01 CITY : SUN VALLEY
STATE/ZIP : ID 83353
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 32.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,263,950.00
P & I AMT: 16,141.32
UPB AMT: 2,263,296.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048762 MORTGAGORS: JAEGER BRYAN
JAEGER ANN
REGION CODE ADDRESS : 3263 TAYLOR RD
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.25900
----------------------------------------------------------------
0 0031048820 MORTGAGORS: AGUIAR BUDDY
COMBS LAURI
REGION CODE ADDRESS : 3701 KENORA COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,772.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.92600
----------------------------------------------------------------
0 0031048960 MORTGAGORS: SHIPMAN GEORGE
SHIPMAN KRYSTYNA
REGION CODE ADDRESS : 5128 SOLAR HEIGHTS
01 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049067 MORTGAGORS: MURNANE DENISE
MURNANE CHARLES
REGION CODE ADDRESS : 14 MACINTYRE DRIVE
01 CITY : NORTH READING
STATE/ZIP : MA 01864
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.72500
----------------------------------------------------------------
0 0031049190 MORTGAGORS: FUKUDA SABURO
FUKUDA LUCILLE
REGION CODE ADDRESS : 539 12TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,802.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.19000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,000.00
P & I AMT: 10,927.40
UPB AMT: 1,508,169.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049224 MORTGAGORS: RUIZ PETER
RUIZ KIMBERLY
REGION CODE ADDRESS : 9000 MONTMEDY COURT
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,714.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049323 MORTGAGORS: MCKAY DAVID
MCKAY DEBORAH
REGION CODE ADDRESS : 20 COLUMBIA ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049380 MORTGAGORS: ADLER JOHN
ADLER DEBRA
REGION CODE ADDRESS : 30 COLONIAL DRIVE EXTENSION
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,774.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049430 MORTGAGORS: SECRIST KIM
REGION CODE ADDRESS : 523 WEST GRANDVIEW AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049570 MORTGAGORS: BAUTISTA LARRY
BAUTISTA RANDEE
REGION CODE ADDRESS : 7 GOOSEBERRY COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 233,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,881.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,050.00
P & I AMT: 10,383.88
UPB AMT: 1,444,370.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049596 MORTGAGORS: MORGAN MICHAEL
REGION CODE ADDRESS : 1032 RIO GRANDE
01 CITY : BENBROOK
STATE/ZIP : TX 76126
MORTGAGE AMOUNT : 59,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031049612 MORTGAGORS: KOLESAR PETER
JOY-KOLESAR MARILYN
REGION CODE ADDRESS : 5115 E TOMAHAWK TRAIL
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031049638 MORTGAGORS: DOLCE GLENN
DOLCE LORI
REGION CODE ADDRESS : 177 SHELTER ROCK ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049794 MORTGAGORS: LONGSTRETH WANDA
REGION CODE ADDRESS : 4865 SLOANE PLACE
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031049802 MORTGAGORS: DONG LARRY
DONG CYNTHIA
REGION CODE ADDRESS : 2700 CASA GRANDE COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,209,500.00
P & I AMT: 8,714.87
UPB AMT: 1,208,865.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049828 MORTGAGORS: JONES RICHARD
REGION CODE ADDRESS : 709 HIBISCUS PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,844.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031049851 MORTGAGORS: KELLY KEO
KELLY KOSAL
REGION CODE ADDRESS : 2402 SPRING STREET
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,209.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031049935 MORTGAGORS: HUGAR MICHAEL
REGION CODE ADDRESS : 1316 WILLIAM STREET
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.03700
----------------------------------------------------------------
0 0031050040 MORTGAGORS: NASSERI FRED
NASSERI MITRA
REGION CODE ADDRESS : 14220 PRIMROSE COURT
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,688.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050115 MORTGAGORS: WASHINGTON CALVIN
WASHINGTON JAMIE
REGION CODE ADDRESS : 3843 SOUTH MILL AVENUE
01 CITY : TEMPE
STATE/ZIP : AZ 85282
MORTGAGE AMOUNT : 61,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,167.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 497.94 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,600.00
P & I AMT: 10,061.91
UPB AMT: 1,385,910.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050222 MORTGAGORS: DANNAN ANTHONY
DANNAN BARBARA
REGION CODE ADDRESS : 7516 GAINSFOND STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050248 MORTGAGORS: MORGAN MICHAEL
MORGAN DECE
REGION CODE ADDRESS : 44 WHEELER
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,709.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031050339 MORTGAGORS: ALONSO JULIANNA
ALONSO RAFAEL
REGION CODE ADDRESS : 13 MORNINGSIDE DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,922.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050347 MORTGAGORS: HARRINGTON BURT
REGION CODE ADDRESS : 5406 JUNIPER COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 222,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031050388 MORTGAGORS: KNOLL MARTIN
KNOLL KATHLEEN
REGION CODE ADDRESS : 3661 SOUTH VISTA PLACE
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 216,030.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,877.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,680.00
P & I AMT: 10,097.66
UPB AMT: 1,426,096.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050396 MORTGAGORS: WELTZER ROBERT
WELTZER BRENDA
REGION CODE ADDRESS : 31250 EAGLE CREST LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 293,080.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,878.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.27000
----------------------------------------------------------------
0 0031050503 MORTGAGORS: CROSBY CATHERINE
REGION CODE ADDRESS : 7700 SOUTH VALLEY DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050529 MORTGAGORS: BERGWALL TIMOTHY
BERGWALL DEBORAH
REGION CODE ADDRESS : 228 RUMSON ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050644 MORTGAGORS: LEE GARY
GLYNN JANICE
REGION CODE ADDRESS : 244 RIDGEWAY ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,675.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.78800
----------------------------------------------------------------
0 0031050693 MORTGAGORS: MERCER BRIAN
MERCER CHERYL
REGION CODE ADDRESS : 8 MERCER AVE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,080.00
P & I AMT: 11,973.90
UPB AMT: 1,676,148.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050719 MORTGAGORS: MCCREA IANTHE
REGION CODE ADDRESS : 4913 PINE
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.91900
----------------------------------------------------------------
0 0031050834 MORTGAGORS: CALISE ARTHUR
REGION CODE ADDRESS : 1091 SUNNY SLOPE DRIVE
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031050859 MORTGAGORS: SHERIDAN FRANK
SHERIDAN GINA
REGION CODE ADDRESS : 3272 LOMA ALTA DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,757.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031050917 MORTGAGORS: YOUNG CHARLES
YOUNG KAREN
REGION CODE ADDRESS : 206 SPRINGFIELD AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,291.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031050941 MORTGAGORS: GOVAN THOMAS
GOVAN TRACY
REGION CODE ADDRESS : 20 HALL DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,043.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,879,100.00
P & I AMT: 13,578.09
UPB AMT: 1,877,383.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051055 MORTGAGORS: NEVINS GREGORY
REGION CODE ADDRESS : 3811-3813 18TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96900
----------------------------------------------------------------
0 0031051154 MORTGAGORS: FLORES ALEXANDER
FLORES ROBIN
REGION CODE ADDRESS : 6691 DORENE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031051204 MORTGAGORS: BRODEUR GARRETT
WEIL DEBORAH
REGION CODE ADDRESS : 924 HONEYSUCKLE LANE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,778.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051220 MORTGAGORS: CHANG CHRISTOPHER
SIAUW SUSAN
REGION CODE ADDRESS : 11202 BAY LAUREL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.22100
----------------------------------------------------------------
0 0031051378 MORTGAGORS: DORN ROBERT
DORN LINDA
REGION CODE ADDRESS : 2950 GLEN CANYON ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,000.00
P & I AMT: 10,963.36
UPB AMT: 1,517,150.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031051469 MORTGAGORS: ROBERTSON THOMAS
ROBERTSON SUSAN
REGION CODE ADDRESS : 3730 COOK ROAD
01 CITY : MEDINA
STATE/ZIP : OH 44256
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031051618 MORTGAGORS: MATTIKALLI NANDISH
MATTIKALLI KAVITHA
REGION CODE ADDRESS : 3 WINDING OAK COURT
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,012.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031051832 MORTGAGORS: HEALY MICHAEL
HEALY LEANN
REGION CODE ADDRESS : 444 STATE HWY 173
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.40900
----------------------------------------------------------------
0 0031051972 MORTGAGORS: SENDRO PAUL
SENDRO DANA
REGION CODE ADDRESS : 11 NIXON FARM ROAD
01 CITY : TWP OF FRANKLIN
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052012 MORTGAGORS: HAGIE ROGER
HAGIE JOAN
REGION CODE ADDRESS : 33081 ACAPULCO DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 218,390.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,390.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,267,590.00
P & I AMT: 8,963.66
UPB AMT: 1,267,402.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052178 MORTGAGORS: STERLING GEORGE
STERLING BELINDA
REGION CODE ADDRESS : 3667 OAKES DRIVE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052277 MORTGAGORS: FIORITO STANLEY
REGION CODE ADDRESS : 2486 MAR EAST
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 49.40400
----------------------------------------------------------------
0 0031052301 MORTGAGORS: GREER WILLIAM
GREER CAROL
REGION CODE ADDRESS : 53 SOUTH STREET
01 CITY : UPTON
STATE/ZIP : MA 01568
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052442 MORTGAGORS: CARSON DEAN
CARSON MICHELLE
REGION CODE ADDRESS : 1652 YALE DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,758.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.69387
----------------------------------------------------------------
0 0031052517 MORTGAGORS: BEREZ JAY
BEREZ DEBORAH
REGION CODE ADDRESS : 1000 CHIMNEY RIDGE DR.
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 298,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,984.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.20300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,800.00
P & I AMT: 10,837.25
UPB AMT: 1,519,165.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052665 MORTGAGORS: BRUNING GORDON
GITTLEMAN MARION
REGION CODE ADDRESS : 37266 PALM VIEW ROAD
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052715 MORTGAGORS: CURRAN SUZANNE
CURRAN JOHN
REGION CODE ADDRESS : 3525 RUNNYMEADE DRIVE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.46900
----------------------------------------------------------------
0 0031052780 MORTGAGORS: STORNIOLO CHARLES
STORNIOLO CAROL
REGION CODE ADDRESS : 10426 N GAZEBO HILL PARKWAY W.
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.12000
----------------------------------------------------------------
0 0031052822 MORTGAGORS: BIGOT WILLIAM
BIGOT LINDA
REGION CODE ADDRESS : 13951 CLEARVIEW DRIVE
01 CITY : SHAKOPEE
STATE/ZIP : MN 55379
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0031052947 MORTGAGORS: WEINTRAUB ALEXANDER
REGION CODE ADDRESS : 5833 COLD WATER DRUVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,000.00
P & I AMT: 11,154.89
UPB AMT: 1,542,648.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031052954 MORTGAGORS: MC CARTER ALLEN
MC CARTER BEVERLY
REGION CODE ADDRESS : 832 CANADA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.49300
----------------------------------------------------------------
0 0031053077 MORTGAGORS: COXE CHRISTOPHER
COXE THERESA
REGION CODE ADDRESS : 9280 HEARTHSTEAD LANE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,794.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031053085 MORTGAGORS: MCDERMOTT ERIC
MCDERMOTT KIM
REGION CODE ADDRESS : 60 BRONSON STREET
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,903.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,015.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053275 MORTGAGORS: BECKWITH RANDY
BECKWITH COREY
REGION CODE ADDRESS : 27222 TRINIDAD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,816.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.24300
----------------------------------------------------------------
0 0031053309 MORTGAGORS: GILBERT MEAGHAN
REGION CODE ADDRESS : 5605 LE FEVRE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,774.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,268,500.00
P & I AMT: 9,170.87
UPB AMT: 1,267,116.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031053481 MORTGAGORS: LUDEMANN STACIE
LUDEMANN LARRY
REGION CODE ADDRESS : 11307 STORMY RIDGE ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 77,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 571.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 56.20400
----------------------------------------------------------------
0 0031053499 MORTGAGORS: BURNS JONATHAN
BURNS KRISTEN
REGION CODE ADDRESS : 139 PACCHETTI WAY
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,044.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031053507 MORTGAGORS: RUSSELL WAYNE
RUSSELL DEBRA
REGION CODE ADDRESS : 1015 ANASTASIA AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 198,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.98500
----------------------------------------------------------------
0 0031053580 MORTGAGORS: LANEY PETER
LANEY ANNIE
REGION CODE ADDRESS : 11627-62ND AVENUE EAST
01 CITY : PUYALLUP
STATE/ZIP : WA 98373
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031053747 MORTGAGORS: BLUMSTEIN ADA
BLUMSTEIN SYBIL
REGION CODE ADDRESS : 4510 RADFORD AVENUE
01 CITY : VALLEY VILLAGE
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 202,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,763.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,488.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.97100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,077,700.00
P & I AMT: 7,690.63
UPB AMT: 1,077,079.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054075 MORTGAGORS: SMITH BRETT
SMITH JULIE
REGION CODE ADDRESS : 4784 CHULA VISTA COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.07200
----------------------------------------------------------------
0 0031054224 MORTGAGORS: JOHNSON JULIE
REGION CODE ADDRESS : 712 WEST PEBBLE DRIVE
01 CITY : HANFORD
STATE/ZIP : CA 93230
MORTGAGE AMOUNT : 112,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,818.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.40800
----------------------------------------------------------------
0 0031054281 MORTGAGORS: GREENHALGH BRADLEY
GREENHALGH NATASHA
REGION CODE ADDRESS : 4487 EAST DESERT LANE
01 CITY : HIGLEY
STATE/ZIP : AZ 85236
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,760.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031054315 MORTGAGORS: CRAWFORD GARY
CRAWFORD PAMELA
REGION CODE ADDRESS : 3400 SERENDIPITY HILLS TRAIL
01 CITY : CORINTH
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,185.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031054398 MORTGAGORS: MCMAHON JOHN
MCMAHON JOAN
REGION CODE ADDRESS : 6 WHISTLER LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.71900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,300.00
P & I AMT: 9,570.24
UPB AMT: 1,353,497.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054463 MORTGAGORS: CLARK BRADLEY
PUSATERI RONALD
REGION CODE ADDRESS : 20 COOLIDGE TERRACE
01 CITY : OAKLYN
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031054505 MORTGAGORS: WILLIAMS MARTIN
WILLIAMS MICHELLE
REGION CODE ADDRESS : 27876 ISELA COURT
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031054513 MORTGAGORS: NAGATA ROBERT
MAYEKAWA GAYLE
REGION CODE ADDRESS : 14 KENMAR WAY
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,555.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
0 0031054612 MORTGAGORS: RICHARDSON JAMES
RICHARDSON MARY
REGION CODE ADDRESS : 86 BREWSTER ROAD
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031054661 MORTGAGORS: WIDJAJA HASAN
TAN TEN-TZE
REGION CODE ADDRESS : 10400 LINDSAY AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.29400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,000.00
P & I AMT: 9,641.18
UPB AMT: 1,351,389.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054695 MORTGAGORS: DALE JOHN
DALE VIRGINIA
REGION CODE ADDRESS : 2474 EAST MISSION ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,243.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.49100
----------------------------------------------------------------
0 0031054778 MORTGAGORS: NEAL THOMAS
REGION CODE ADDRESS : 3631 LOMBARDY ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------
0 0031054836 MORTGAGORS: FREEMAN GAYLEN
REGION CODE ADDRESS : 8142 ARDENNESS DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95829
MORTGAGE AMOUNT : 309,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.64400
----------------------------------------------------------------
0 0031055007 MORTGAGORS: WELK JAMES
CONHAM TODD
REGION CODE ADDRESS : 14501 FLAX COURT
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.42500
----------------------------------------------------------------
0 0031055106 MORTGAGORS: TYSON CARTER
TYSON SHARON
REGION CODE ADDRESS : 833 OLIVE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,813.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.16400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,950.00
P & I AMT: 10,489.20
UPB AMT: 1,436,423.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055205 MORTGAGORS: HOEPRICH PAUL
HOEPRICH KAY
REGION CODE ADDRESS : 2 MARLBORO WOODS LANE
01 CITY : KENNETT SQUARE
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,480.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.24000
----------------------------------------------------------------
0 0031055288 MORTGAGORS: YANG TAO
WANG WEINING
REGION CODE ADDRESS : 1183 CAMINO ANDALUZ
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031055379 MORTGAGORS: OSBORNE STEVEN
OSBORNE DEBORAH
REGION CODE ADDRESS : 620 CREEKMORE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031055395 MORTGAGORS: EDELMAN ROBERT
EDELMAN KRISTEN
REGION CODE ADDRESS : 2775 MOSSY OAK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,465.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,109.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031055437 MORTGAGORS: GOLDBAUM BARRY
REY MIGUEL
REGION CODE ADDRESS : 20361 WELLS DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,750.00
P & I AMT: 11,240.70
UPB AMT: 1,557,497.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055452 MORTGAGORS: BARNETT JAMES
BARNETT ROBIN
REGION CODE ADDRESS : 51 LEDGEWOOD DRIVE
01 CITY : LOS FLORES AREA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.85100
----------------------------------------------------------------
0 0031055486 MORTGAGORS: GUTHALL JACK
GUTHALL KAREN
REGION CODE ADDRESS : 4003 LOMAR DRIVE
01 CITY : MOUNT AIRY
STATE/ZIP : MD 21771
MORTGAGE AMOUNT : 228,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,138.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031055551 MORTGAGORS: KJENAAS DAVID
KJENAAS MARY
REGION CODE ADDRESS : 2106 WELLESLEY PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 336,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,162.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99874
----------------------------------------------------------------
0 0031055593 MORTGAGORS: HILL JOEL
HILL MARY
REGION CODE ADDRESS : 14007 EARLWOOD DRIVE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031055742 MORTGAGORS: WILSON JEFFREY
WILSON DONNA
REGION CODE ADDRESS : 151 EAST WESLEY ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,700.00
P & I AMT: 10,299.87
UPB AMT: 1,436,861.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031055783 MORTGAGORS: SHREEVE SUSAN
SHREEVE MARK
REGION CODE ADDRESS : 4138 PINE BLOSSOM TRAIL
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 225,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,778.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031055924 MORTGAGORS: MCINTYRE ROSS
SILKOWSKI VINOO
REGION CODE ADDRESS : 24651 PASEO VENDAVAL
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,324.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031055973 MORTGAGORS: CLOWARD JOHN
CLOWARD SINDHU
REGION CODE ADDRESS : 16333 FIELDCREST COURT
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 222,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,526.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031055999 MORTGAGORS: GRUBBS WILLIAM
GRUBBS CHERYL
REGION CODE ADDRESS : 3 CAMELFORD COURT
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,569.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056039 MORTGAGORS: TRAVIS JAMES
TRAVIS GAYLE
REGION CODE ADDRESS : 551 TREBBIANO PLACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 305,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,539.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.95000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,050.00
P & I AMT: 9,462.34
UPB AMT: 1,318,738.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056054 MORTGAGORS: HARRISON MICHAEL
HARRISON GINGER
REGION CODE ADDRESS : 27719 MANSFIELD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,206.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031056062 MORTGAGORS: BERSTEIN DAVID
BERSTEIN MICHELE
REGION CODE ADDRESS : 2633 PALOS VERDES DRIVE WEST
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,531.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.57100
----------------------------------------------------------------
0 0031056070 MORTGAGORS: HONE FELIX
HONE MEI-KUEN
REGION CODE ADDRESS : 32255 DERBY STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,642.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.93800
----------------------------------------------------------------
0 0031056088 MORTGAGORS: POTHIER ROSALEE
REGION CODE ADDRESS : 12972 SPRINGWOOD DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.35400
----------------------------------------------------------------
0 0031056096 MORTGAGORS: CLEVENGER RALPH
CLEVENGER CATHERINE
REGION CODE ADDRESS : 2751 KENSINGTON PLACE
01 CITY : CARSON CITY
STATE/ZIP : NV 89703
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,966.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.27600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,050.00
P & I AMT: 10,468.15
UPB AMT: 1,466,944.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056112 MORTGAGORS: CONNELLY MICHAEL
CONNELLY TERRI
REGION CODE ADDRESS : 5010 PASEO DE LAS TORTUGAS
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 293,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,905.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.18400
----------------------------------------------------------------
0 0031056120 MORTGAGORS: FRENCH D.
FRENCH CHARLENE
REGION CODE ADDRESS : 3117 CALLE NOGUERA
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,518.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.43700
----------------------------------------------------------------
0 0031056146 MORTGAGORS: KOCH DAVID
KOCH CYNTHIA
REGION CODE ADDRESS : 4818 DALEWOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,655.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031056161 MORTGAGORS: KILPATRICK ROBERT
MANGAN MICHELE
REGION CODE ADDRESS : 4647 MONTIEL TRUCK TRAIL
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,832.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031056294 MORTGAGORS: CARTER KAREN
REGION CODE ADDRESS : 50 DUNBARTON COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,830.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.52200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,315,500.00
P & I AMT: 9,612.98
UPB AMT: 1,313,742.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031056393 MORTGAGORS: VOSS KENT
VOSS CAROLE
REGION CODE ADDRESS : 141 GULPH LANE
01 CITY : GULPH MILLS
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 264,624.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031056583 MORTGAGORS: MITCHELL RICHARD
MITCHELL CINDY
REGION CODE ADDRESS : 7705 S LOUTHAN STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,598.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.26000
----------------------------------------------------------------
0 0031056591 MORTGAGORS: SCHNEIDER WARREN
SHUBERT BETH
REGION CODE ADDRESS : 118 BUSTEED DRIVE
01 CITY : MIDLAND PARK
STATE/ZIP : NJ 07432
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,357.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.81100
----------------------------------------------------------------
0 0031056757 MORTGAGORS: LEE PRESTON
LEE SUSAN
REGION CODE ADDRESS : 30210 VIA BORICA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.05500
----------------------------------------------------------------
0 0031056930 MORTGAGORS: WOODS GARY
WOODS FAYE
REGION CODE ADDRESS : 29933 QUAIL RUN DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.00500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,424.00
P & I AMT: 9,651.36
UPB AMT: 1,339,013.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057128 MORTGAGORS: NGUYEN ANHTU
REGION CODE ADDRESS : 3060 FAIRFAX AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 221,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,197.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031057177 MORTGAGORS: HUDGINS W.F.
HUDGINS BRENDA
REGION CODE ADDRESS : 1700 HURLINGHAM COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057235 MORTGAGORS: PHELAN RICHARD
PHELAN CYNTHIA
REGION CODE ADDRESS : 16882 SEA WITCH LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057367 MORTGAGORS: MILLER MEGAN
REGION CODE ADDRESS : 11780 EAST BARRANCA ROAD
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,788.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 63.43400
----------------------------------------------------------------
0 0031057383 MORTGAGORS: SCHNEIDER ROBERT
SCHNEIDER SHARON
REGION CODE ADDRESS : 5706 WILLOWTREE DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,826.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 49.23600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,350.00
P & I AMT: 9,755.30
UPB AMT: 1,352,405.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057425 MORTGAGORS: VAN NOY GEORGE
VAN NOY IVENE
REGION CODE ADDRESS : 77799 GELATIN ROAD
01 CITY : BOZEMAN
STATE/ZIP : MT 59718
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031057458 MORTGAGORS: FRENCH JOHN
SCOTT CINDY
REGION CODE ADDRESS : 6218 TOBRUK COURT
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,669.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,599.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.64700
----------------------------------------------------------------
0 0031057474 MORTGAGORS: MEDWID PETER
MEDWID ANNEMARIE
REGION CODE ADDRESS : 5 WILSON RIDGE ROAD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.93700
----------------------------------------------------------------
0 0031057482 MORTGAGORS: HOANZL GEORGE
HOANZL JOAN
REGION CODE ADDRESS : 16090 RAWHIDE LANE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,774.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 85.89700
----------------------------------------------------------------
0 0031057557 MORTGAGORS: LEEKER THOMAS
NILL KAREN
REGION CODE ADDRESS : 220 PARKLAND AVENUE
01 CITY : GLENDALE
STATE/ZIP : MO 63122
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,800,000.00
P & I AMT: 12,905.27
UPB AMT: 1,799,235.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031057664 MORTGAGORS: HOWER DONALD
HOWER DORIS
REGION CODE ADDRESS : 6931 S. VIRGINIA DARE TRAIL
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
0 0031057714 MORTGAGORS: HERNANDEZ ANTONIO
REGION CODE ADDRESS : 4525 S.W. 64TH AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33155
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031057730 MORTGAGORS: VIRANT DAMIAN
VIRANT JAN
REGION CODE ADDRESS : 3061 EAST SIERRA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,318.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.46400
----------------------------------------------------------------
0 0031057755 MORTGAGORS: GROSSMAN DAVID
GROSSMAN PAMELA
REGION CODE ADDRESS : 7621 ASHTON COURT
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058381 MORTGAGORS: KALTENECKER THOMAS
JANIK-KALTENECKER LYNDA
REGION CODE ADDRESS : 4350 HARTFIELD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,620.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,500.00
P & I AMT: 10,321.82
UPB AMT: 1,449,271.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031058811 MORTGAGORS: CAVAZZONI MARCO
CAVAZZONI DIANE
REGION CODE ADDRESS : 420 OSGOOD COURT
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,835.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 74.24242
----------------------------------------------------------------
0 0031058977 MORTGAGORS: GUARACHA A.
GUARACHA NORMA
REGION CODE ADDRESS : 1520 COUNTRY VISTAS LANE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,292.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031059017 MORTGAGORS: BRUCE DONALD
BRUCE BRETT
REGION CODE ADDRESS : 1450 DOROTHEA ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,611.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.45200
----------------------------------------------------------------
0 0031059140 MORTGAGORS: GILBERT JULIA
REGION CODE ADDRESS : 2455 NUEZ WAY
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,820.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031059645 MORTGAGORS: WANG YI-XIN
XIA WEI
REGION CODE ADDRESS : 3039 SHETLAND DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.61500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,000.00
P & I AMT: 11,151.17
UPB AMT: 1,565,059.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059710 MORTGAGORS: BURKE JANIE
BURKE PATRICK
REGION CODE ADDRESS : 110 CRESCENT ROAD
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031059769 MORTGAGORS: BROFELDT BO
BARR-BROFELDT CAROLINE
REGION CODE ADDRESS : 3694 FAIR OAKS BLVD
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,694.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.23400
----------------------------------------------------------------
0 0031059819 MORTGAGORS: CARRION AL
CARRION COLLEEN
REGION CODE ADDRESS : 869 CANADA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031059850 MORTGAGORS: PANLAQUE FRANCISCO
PANLAQUE ESTRELLA
REGION CODE ADDRESS : 1147 SABAL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.72500
----------------------------------------------------------------
0 0031059934 MORTGAGORS: GOLDMAN JOSHUA
GOLDMAN JUDITH
REGION CODE ADDRESS : 45140 PARKMEADOW DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,694.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,500.00
P & I AMT: 13,203.87
UPB AMT: 1,838,666.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031059983 MORTGAGORS: HOROWITZ HERBERT
HOROWITZ PILAR
REGION CODE ADDRESS : 5622 MARICOPA DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.27200
----------------------------------------------------------------
0 0031060197 MORTGAGORS: ZALEWSKI HARRY
ZALEWSKI BRENDA
REGION CODE ADDRESS : 20773 LUCINDA COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,817.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.79800
----------------------------------------------------------------
0 0031060577 MORTGAGORS: MICCI MATTHEW
MICCI ANNA
REGION CODE ADDRESS : 7 BASSIN LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,172.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.94100
----------------------------------------------------------------
0 0031060627 MORTGAGORS: MAGGIACOMO SIRIO
MAGGIACOMO LILIAN
REGION CODE ADDRESS : 416 NW 118 TERRACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 268,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,724.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031060684 MORTGAGORS: DUDRECK THOMAS
DUDRECK ISABELLA
REGION CODE ADDRESS : 904 NORWOOD CT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,620.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.20000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,900.00
P & I AMT: 9,411.04
UPB AMT: 1,290,334.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060734 MORTGAGORS: GOIT JOHN
GOIT JANA
REGION CODE ADDRESS : 45399 REMINGTON CT
01 CITY : CANTON
STATE/ZIP : MI 48187
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,790.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031060874 MORTGAGORS: THOMAS PETER
THOMAS KIM
REGION CODE ADDRESS : 4525 CONRAD DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031060890 MORTGAGORS: CALTA RICHARD
CALTA TRICIA
REGION CODE ADDRESS : 9901 N 50TH STREET
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.13500
----------------------------------------------------------------
0 0031060932 MORTGAGORS: BELL JAMES
BELL FRANK
REGION CODE ADDRESS : 1005 AVERY COURT SW
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031060999 MORTGAGORS: CROW PHILLIP
CROW KAROL
REGION CODE ADDRESS : 9110 OAKMONT DRIVE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73131
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,530.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,300.00
P & I AMT: 9,445.85
UPB AMT: 1,323,386.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061120 MORTGAGORS: DANSIZEN MARK
DANSIZEN LUCINDA
REGION CODE ADDRESS : 400 LOOKOUT CT
01 CITY : AVON LAKE
STATE/ZIP : OH 44012
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,582.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.76900
----------------------------------------------------------------
0 0031061161 MORTGAGORS: MASON JAMES
MASON DEMETRA
REGION CODE ADDRESS : 1713 POLING AVENUE
01 CITY : FT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 290,709.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,709.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.30000
----------------------------------------------------------------
0 0031061195 MORTGAGORS: STINSON A.
STINSON MADONNA
REGION CODE ADDRESS : 8296 AIKEN ROAD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.13800
----------------------------------------------------------------
0 0031061229 MORTGAGORS: BARNES GLADYS
REGION CODE ADDRESS : 38124 LOGAN DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.83000
----------------------------------------------------------------
0 0031061302 MORTGAGORS: COOK RONALD
REGION CODE ADDRESS : 8578 APPIAN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,059.00
P & I AMT: 9,969.48
UPB AMT: 1,384,456.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061310 MORTGAGORS: CHILDS RONALD
CHILDS ADRIENNE
REGION CODE ADDRESS : 9416 BRIAN JAC LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,717.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,207.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061328 MORTGAGORS: HORSTMAN KINGSTON
REGION CODE ADDRESS : 2176 MEANDER DRIVE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031061427 MORTGAGORS: HEGG EDWIN
HEGG ERMINE
REGION CODE ADDRESS : 2353 VIA LA MESA
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,532.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.61800
----------------------------------------------------------------
0 0031061435 MORTGAGORS: THOMPSON ANNE
REGION CODE ADDRESS : 1530 NORTH DEARBORN, #10S
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061542 MORTGAGORS: MERLIN JAMES
READER-MERLIN PATRICIA
REGION CODE ADDRESS : 241 MARSHALL STREET
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,558.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,200.00
P & I AMT: 11,209.17
UPB AMT: 1,531,119.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031061658 MORTGAGORS: PATEL HITESHKUMAR
PATEL PUSHPABEN
REGION CODE ADDRESS : 754 PEACH ORCHARD DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37204
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.84600
----------------------------------------------------------------
0 0031061682 MORTGAGORS: MCNALLY LINDA
MCNALLY JOSEPH
REGION CODE ADDRESS : 17724 LISA DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031061724 MORTGAGORS: DECRAY TATE
DECRAY JEANNIE
REGION CODE ADDRESS : 4509 REBECCA COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,170.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.19600
----------------------------------------------------------------
0 0031061732 MORTGAGORS: LOVETT GARY
BLACK MICHELE
REGION CODE ADDRESS : 651 OAK HILL COURT
01 CITY : CROSSROADS
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,333.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031061765 MORTGAGORS: NIKITENKO ALEXANDER
NIKITENKO WENDY
REGION CODE ADDRESS : 455 BLUE ASH DR.
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,416.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,000.00
P & I AMT: 11,218.40
UPB AMT: 1,568,667.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062052 MORTGAGORS: SWACKHAMMER DENA
REGION CODE ADDRESS : 8413 GREYSTONE COURT
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062151 MORTGAGORS: GOLDING MARY
GOLDING JASON
REGION CODE ADDRESS : 40 BAYVIEW AVENUE
01 CITY : BELVEDERE
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0031062326 MORTGAGORS: COULTER JEFFREY
COULTER JANA
REGION CODE ADDRESS : 12110 BENNETT FLAT
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 251,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062359 MORTGAGORS: FARROW JAMES
FARROW ANNE
REGION CODE ADDRESS : 431 VIA DEL REY
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,638.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031062441 MORTGAGORS: ALVES ANTHONY
ALVES DONNA
REGION CODE ADDRESS : 10592 BALLAST AVENUE
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92843
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,400.00
P & I AMT: 10,544.77
UPB AMT: 1,474,827.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062474 MORTGAGORS: MORGAN MICHAEL
REGION CODE ADDRESS : 1112 RIO GRANDE DR
01 CITY : BENBROOK
STATE/ZIP : TX 76126
MORTGAGE AMOUNT : 59,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 58,956.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 412.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031062581 MORTGAGORS: BANNISTER JAMES
BANNISTER DENISE
REGION CODE ADDRESS : 4171 CHAPARRAL PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.81500
----------------------------------------------------------------
0 0031062664 MORTGAGORS: PULLARA FRANK
PULLARA PATRICIA
REGION CODE ADDRESS : 2 MIDDLE CANYON ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,764.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031062680 MORTGAGORS: FLOM GERALD
FLOM SYBIL
REGION CODE ADDRESS : 1047 EAST OCEAN AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
0 0031062755 MORTGAGORS: HILL PATRICIA
HILL CHARLES
REGION CODE ADDRESS : 1276 SOUTH SILVER STAR WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 224,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,141.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.64100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,187,300.00
P & I AMT: 8,545.76
UPB AMT: 1,186,626.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031062995 MORTGAGORS: BRADEN DAVID
BRADEN BRENDA
REGION CODE ADDRESS : 1825 CAPE HORN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,698.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.87700
----------------------------------------------------------------
0 0031063027 MORTGAGORS: CON WALTER
CON DENISE
REGION CODE ADDRESS : 5203 VIA RAMON
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 276,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,414.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.83300
----------------------------------------------------------------
0 0031063050 MORTGAGORS: HANRAHAN PATRICK
HANRAHAN CINDY
REGION CODE ADDRESS : 1807 SANDLEWOOD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031063126 MORTGAGORS: HAINES GEORGE
HAINES KAREN
REGION CODE ADDRESS : 472 MAPLE AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.71900
----------------------------------------------------------------
0 0031063159 MORTGAGORS: ARGUELLO DOMINGO
ARGUELLO MARTHA
REGION CODE ADDRESS : 7834 EAST 4TH STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90241
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,536.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.82300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,650.00
P & I AMT: 9,881.40
UPB AMT: 1,394,286.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063365 MORTGAGORS: KNIOWSKI WALTER
KNIOWSKI DIANE
REGION CODE ADDRESS : 6039 REGAL DR.
01 CITY : GRANDVILLE
STATE/ZIP : MI 49418
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,530.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031063373 MORTGAGORS: BERISH THOMAS
BERISH JUDITH
REGION CODE ADDRESS : 36 DRAKE ROAD
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.74600
----------------------------------------------------------------
0 0031063407 MORTGAGORS: GUARD JAMES
GUARD SHEILA
REGION CODE ADDRESS : 20717 NE 181 PL
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,419.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031063431 MORTGAGORS: WILKINSON CHARLES
WILKINSON SUSAN
REGION CODE ADDRESS : 2107 S 181 CIRCLE
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 229,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,575.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031063449 MORTGAGORS: VELCELEAN ERIKA
VELCELEAN GERARD
REGION CODE ADDRESS : 17292 TASSAJARA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,401.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,700.00
P & I AMT: 9,548.47
UPB AMT: 1,352,927.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063472 MORTGAGORS: SRINIVASAN BIHARI
SRINIVAS RATNA
REGION CODE ADDRESS : 15 RUTGERS ROAD
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,226.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031063563 MORTGAGORS: FLETCHER DAVID
FLETCHER BRENDA
REGION CODE ADDRESS : 13800 S PEBBLEBROOK LN
01 CITY : GREENWOOD
STATE/ZIP : MO 64034
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,731.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031063761 MORTGAGORS: LOPEZ ARTHUR
LOPEZ PAM
REGION CODE ADDRESS : 32 CRANE COURT
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.36900
----------------------------------------------------------------
0 0031063811 MORTGAGORS: DRAPER JEANNETTE
FARELL AINE
REGION CODE ADDRESS : 21 LAIDLEY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,167.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064066 MORTGAGORS: YAGUDIN EMIL
YAGUDIN VERA
REGION CODE ADDRESS : 18 BOSWORTH STREET
01 CITY : FRAMINGHAM
STATE/ZIP : MA 01701
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,350.00
P & I AMT: 10,536.33
UPB AMT: 1,447,325.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064207 MORTGAGORS: JIA DANIEL
JIA XUN
REGION CODE ADDRESS : 20 SAWMILL
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,796.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031064496 MORTGAGORS: ORTON JAMES
GAL SUSAN
REGION CODE ADDRESS : 1265 MONTEREY AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,785.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.80100
----------------------------------------------------------------
0 0031064520 MORTGAGORS: BAUTISTA JOEY
BAUTISTA MARY ANN
REGION CODE ADDRESS : 22600 CANYON RIDGE PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 340,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,830.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031064546 MORTGAGORS: LEDOUX ROBERT
LEDOUX THERESA
REGION CODE ADDRESS : 28 LOVERS LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,543.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.36500
----------------------------------------------------------------
0 0031064553 MORTGAGORS: SONPAROTE PRABHAKAR
SONPAROTE SADHANA
REGION CODE ADDRESS : 722 ASTER DRIVE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,336.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.25400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,200.00
P & I AMT: 10,100.80
UPB AMT: 1,422,292.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064561 MORTGAGORS: WINZELER ROBERT
WINZELER JO ANN
REGION CODE ADDRESS : 799 WEST OCEAN DRIVE #106
01 CITY : KEY COLONY BEACH
STATE/ZIP : FL 33051
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,658.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064587 MORTGAGORS: DESIDERIO DOMINICK
DESIDERIO CAROL
REGION CODE ADDRESS : 23 RIDGE ROAD
01 CITY : INDEPENDENCE TOWNSHIP
STATE/ZIP : NJ 07840
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,682.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064595 MORTGAGORS: MCNAMEE BERNARD
MCNAMEE JENNIFER
REGION CODE ADDRESS : 1208 YOUNGSFORD ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,572.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064603 MORTGAGORS: SMITH GARY
KASS-SMITH GAIL
REGION CODE ADDRESS : 15525 BUSHY TAIL RUN
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,542.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.83100
----------------------------------------------------------------
0 0031064611 MORTGAGORS: TALLMAN JOHN
TALLMAN ELIZABETH
REGION CODE ADDRESS : 21 SANDIA HEIGHTS DR NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,800.00
P & I AMT: 10,593.61
UPB AMT: 1,496,151.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064629 MORTGAGORS: ANAPOL THOMAS
ANAPOL BONNIE
REGION CODE ADDRESS : 514 FAIRVIEW ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064637 MORTGAGORS: BAKER BRIAN
BAKER DONNA
REGION CODE ADDRESS : 13419 MARBLE ROCK DRIVE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,002.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064645 MORTGAGORS: WODINSKY HARLOD
REGION CODE ADDRESS : 411 OXFORD COURT
01 CITY : CEDARHURST
STATE/ZIP : NY 11516
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,820.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064652 MORTGAGORS: BALDERSON WILLIAM
BALDERSON DIANE
REGION CODE ADDRESS : 40980 SANDPIPER LANE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 295,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,420.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0031064660 MORTGAGORS: SARASIN DANIEL
COLEHOUR AMANDA
REGION CODE ADDRESS : 3410 RIVERBEND DRIVE NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52402
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,050.00
P & I AMT: 10,084.28
UPB AMT: 1,399,463.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064678 MORTGAGORS: COCHRAN DALE
COCHRAN TODD
REGION CODE ADDRESS : 1007 KAUAI KING COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.70500
----------------------------------------------------------------
0 0031064686 MORTGAGORS: BREITENREITER DONN
BREITENREITER JOY
REGION CODE ADDRESS : 1307 KETTERING RD
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,628.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.99000
----------------------------------------------------------------
0 0031064702 MORTGAGORS: GULLOTTI JUDITH
GULLOTTI MICHAEL
REGION CODE ADDRESS : 4 LAUREL LANE
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 369,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,736.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031064710 MORTGAGORS: FARRELL PATRICK
FARRELL MARGARET
REGION CODE ADDRESS : 1420 BARTON DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,061.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064728 MORTGAGORS: POLLARD THOMAS
POLLARD CONNIE
REGION CODE ADDRESS : 9138 NW MCKENNA DR
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,662.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,552.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.25000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,700.00
P & I AMT: 11,723.05
UPB AMT: 1,641,886.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064801 MORTGAGORS: HENNRIKUS WILLIAM
HENNRIKUS EILEEN
REGION CODE ADDRESS : 534 EAST MARINERS CIRCLE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,199.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96800
----------------------------------------------------------------
0 0031064868 MORTGAGORS: BOLTE CHARLES
BOLTE CHERYL
REGION CODE ADDRESS : 14815 E LOOKOUT LEDGE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,933.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031064967 MORTGAGORS: PETERSON JOHN
PETERSON DEBORAH
REGION CODE ADDRESS : 9733 HIDDEN VALLEY ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,601.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031064983 MORTGAGORS: SULLIVAN BONNIE
REGION CODE ADDRESS : 5040 KLINGLE STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065121 MORTGAGORS: KELIIAA ROGER
KELIIAA JUDI
REGION CODE ADDRESS : 25178 CANYON OAKS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,300.00
P & I AMT: 9,650.39
UPB AMT: 1,365,526.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065170 MORTGAGORS: ELKUS RICHARD
ELKUS PATRICIA
REGION CODE ADDRESS : 15063 HUNTINGTON GATE DR
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,748.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0031065303 MORTGAGORS: ATLAS EDWARD
ATLAS LETA
REGION CODE ADDRESS : 1264 S BAYWOOD AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.68600
----------------------------------------------------------------
0 0031065329 MORTGAGORS: CHANG CALVIN
CHANG LYNN
REGION CODE ADDRESS : 13100 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.37300
----------------------------------------------------------------
0 0031065337 MORTGAGORS: SHAPIRO ALAN
SHAPIRO DEVRA
REGION CODE ADDRESS : 2649 COUNTRY LANE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065378 MORTGAGORS: HOROWITZ JEFFREY
HOROWITZ MARLENE
REGION CODE ADDRESS : 13280 CHELTENHAM DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 341,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,370.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.76400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,200.00
P & I AMT: 11,752.64
UPB AMT: 1,601,719.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065501 MORTGAGORS: CROSS DAVID
CROSS MARY
REGION CODE ADDRESS : 20900 DELTA DRIVE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 326,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,284.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031065519 MORTGAGORS: STAGG RICHARD
REGION CODE ADDRESS : 902 DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 292,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,648.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031065527 MORTGAGORS: BARTOSZEK LAWRENCE
BARTOSZEK GINA
REGION CODE ADDRESS : 14016 SOUTH 9TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,205.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031065543 MORTGAGORS: ARNOLD JAMES
ARNOLD NANCY
REGION CODE ADDRESS : 1426 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 239,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,385.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031065675 MORTGAGORS: BURNETT DENNIS
ROUSSEAU VIRGINIA
REGION CODE ADDRESS : 9489 DEER RUN LANE
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,852.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,327,500.00
P & I AMT: 9,495.75
UPB AMT: 1,326,791.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031065709 MORTGAGORS: BRAMHALL JOHN
CADY JORMAIN
REGION CODE ADDRESS : 1723 32ND AVENUE S
01 CITY : SEATTLE
STATE/ZIP : WA 98144
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031065816 MORTGAGORS: BRODHAG TIMOTHY
BRODHAG JULIE
REGION CODE ADDRESS : 48 LEDGEWOOD DRIVE
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0031065907 MORTGAGORS: LEVIN VALERIE
REGION CODE ADDRESS : 1295 LITTLE WILLEO ROAD
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,737.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065949 MORTGAGORS: RIGHTMYER CHARLES
RIGHTMYER JENNIE
REGION CODE ADDRESS : 2050 W. CALIFORNIA ST.
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066012 MORTGAGORS: NAGLE FREDERICK
REGION CODE ADDRESS : 63 GARIBALDI STREET
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,103.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.11500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,719,100.00
P & I AMT: 12,190.66
UPB AMT: 1,717,452.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066129 MORTGAGORS: ROBINSON K
DUBOIS ROXANNE
REGION CODE ADDRESS : 1676 LITTLETON PLACE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 478,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,178.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,511.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031066210 MORTGAGORS: RADOM CARL
RADOM VIRGINIA
REGION CODE ADDRESS : 5939 SEACREST VIEW ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92121
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031066293 MORTGAGORS: CHAVEZ ADAM
CHAVEZ SUSAN
REGION CODE ADDRESS : 31251 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,991.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031066335 MORTGAGORS: BANDUCCI MICHAEL
BANDUCCI STACI
REGION CODE ADDRESS : 2829 21ST ST.
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93301
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,569.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031066368 MORTGAGORS: HARRINGTON WILLIAM
HARRINGTON ELIZABETH
REGION CODE ADDRESS : 6504 KELLS COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,477.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,650.00
P & I AMT: 11,672.17
UPB AMT: 1,628,821.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066384 MORTGAGORS: CALVERT MICHAEL
CALVERT CHRISTINE
REGION CODE ADDRESS : 9417 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.52900
----------------------------------------------------------------
0 0031066434 MORTGAGORS: HARDING WYNN
HARDING PATRICIA
REGION CODE ADDRESS : 815 FLATIRONS CT.
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,750.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031066442 MORTGAGORS: BARKER TIMOTHY
REGION CODE ADDRESS : 358 HEARTHSTONE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,996.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.41300
----------------------------------------------------------------
0 0031066632 MORTGAGORS: WISE BRADLEY
WISE SOO
REGION CODE ADDRESS : 31261 PASEO MONTEVIDEO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.99600
----------------------------------------------------------------
0 0031066699 MORTGAGORS: WESLEY SHIRIN
REGION CODE ADDRESS : 7677 EAST MOONRIDGE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,614.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,200.00
P & I AMT: 10,845.47
UPB AMT: 1,522,653.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066707 MORTGAGORS: HAYMAN EDWARD
HAYMAN DEBORAH
REGION CODE ADDRESS : 2830 WHITE SALMON CRT.
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,663.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86906
----------------------------------------------------------------
0 0031066715 MORTGAGORS: SIMMS MICHAEL
SIMMS JULIA
REGION CODE ADDRESS : 10435 WHITE BIRCH DR.
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,438.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031066731 MORTGAGORS: WORCESTER PIERCE
WORCESTER KAREN
REGION CODE ADDRESS : 838 PUUOMAO STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.76200
----------------------------------------------------------------
0 0031066756 MORTGAGORS: COWLING COLEMAN
REGION CODE ADDRESS : 74340 LAURELWOOD RD
01 CITY : RAINTER
STATE/ZIP : OR 97048
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,681.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031066764 MORTGAGORS: WOOD JOHN
WOOD TARA
REGION CODE ADDRESS : 1362 VESTER HOF
01 CITY : SOLVANG
STATE/ZIP : CA 93463
MORTGAGE AMOUNT : 286,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,034.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,450.00
P & I AMT: 10,655.19
UPB AMT: 1,490,816.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031066780 MORTGAGORS: PAGE GALE
PAGE CHERYL
REGION CODE ADDRESS : 20351 ROCKWOOD TRAIL
01 CITY : MORRISON
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,405.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.61500
----------------------------------------------------------------
0 0031066798 MORTGAGORS: KLOP RUSS
KLOP MICHELLE
REGION CODE ADDRESS : 11 CRANWELL
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 220,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,574.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031066939 MORTGAGORS: MATTHEWS BRUCE
MATTHEWS LISA
REGION CODE ADDRESS : 7101 CHARDON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 286,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,500.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
0 0031066996 MORTGAGORS: PRODOEHL ROBERT
PRODOEHL DEBORAH
REGION CODE ADDRESS : 1542 FORREST TRAIL CIRCLE
01 CITY : DOVER TOWNSHIP
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,800.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031067069 MORTGAGORS: BRADLEY DONALD
BRADLEY MARIANNE
REGION CODE ADDRESS : 4520 RIDGEWOOD DRIVE
01 CITY : CARNELIAN BAY
STATE/ZIP : CA 96140
MORTGAGE AMOUNT : 370,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,948.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,250.00
P & I AMT: 10,993.25
UPB AMT: 1,530,229.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067093 MORTGAGORS: JENSEN MATTHEW
JENSEN THERESA
REGION CODE ADDRESS : 240 BAYLISE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,299.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031067127 MORTGAGORS: STANFIELD MARK
STANFIELD JAMIE
REGION CODE ADDRESS : 107 ARROWSMITH DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 218,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97900
----------------------------------------------------------------
0 0031067168 MORTGAGORS: LONG ROBERT
LONG DIANA
REGION CODE ADDRESS : 39268 WATERVIEW DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,825.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.95100
----------------------------------------------------------------
0 0031067184 MORTGAGORS: KATZ JEFFREY
KATZ BETHANI
REGION CODE ADDRESS : 387 SOUTHRIDGE DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,349.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067325 MORTGAGORS: MASON MICHAEL
MASON KATHRYN
REGION CODE ADDRESS : 760 SUNFIELD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 443,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,170.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,102.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,100.00
P & I AMT: 10,918.50
UPB AMT: 1,535,944.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067358 MORTGAGORS: NEUMANN PAUL
REGION CODE ADDRESS : 1200 OLD GULPH ROAD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,942.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031067416 MORTGAGORS: VAN PEURSEM DAVID
VAN PEURSEM JANET
REGION CODE ADDRESS : 21 BLUEJAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,997.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067465 MORTGAGORS: ASH TIMOTHY
BORDEAUX-ASH CLAUDIA
REGION CODE ADDRESS : 1894 MARC HANNA WAY
01 CITY : STEVENSON
STATE/ZIP : WA 98648
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.02531
----------------------------------------------------------------
0 0031067507 MORTGAGORS: LOWERY KEVIN
HINSON CRYSTAL
REGION CODE ADDRESS : 1038 7TH ST
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031067523 MORTGAGORS: CHEN ZHIHUI
ZHU WENLI
REGION CODE ADDRESS : 1 CALICO COURT
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,845.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,950.00
P & I AMT: 11,229.40
UPB AMT: 1,571,206.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067754 MORTGAGORS: POLCHOW KURT
POLCHOW JAN
REGION CODE ADDRESS : 2425 SYLVAN LANE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,516.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.39400
----------------------------------------------------------------
0 0031067770 MORTGAGORS: MADLAMBAYAN SEVERIANO
MADLAMBAYAN GAYLA
REGION CODE ADDRESS : 141 ALDENGLEN DRIVE
01 CITY : S. SAN FRANSISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 345,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,162.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.56400
----------------------------------------------------------------
0 0031067804 MORTGAGORS: MACGILLIVRAY PETER
MACGILLIVRAY DIANE
REGION CODE ADDRESS : 3561 GIDDINGS RANCH ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,683.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031067911 MORTGAGORS: HANDLOSER JAMES
REGION CODE ADDRESS : 275 BEEMER AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,344.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031067929 MORTGAGORS: GUILD ARTHUR
GUILD VALERIE
REGION CODE ADDRESS : 9 FAIRVIEW AVENUE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,147.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.64200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,300.00
P & I AMT: 11,462.89
UPB AMT: 1,604,854.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031067945 MORTGAGORS: JEREMIAH MARYALYCE
KEARNEY JUNE
REGION CODE ADDRESS : 917 RASHFORD DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031067952 MORTGAGORS: JARMAN SCOTT
JARMAN DEBRA
REGION CODE ADDRESS : 2619 200TH AVENUE EAST
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,792.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,267.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.63900
----------------------------------------------------------------
0 0031067978 MORTGAGORS: FERRIS DEAN
FERRIS CHRISTINE
REGION CODE ADDRESS : 23116 213TH AVENUE SOUTHEAST
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,763.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.22220
----------------------------------------------------------------
0 0031068034 MORTGAGORS: BAYER JEANNE
BAYER MARTIN
REGION CODE ADDRESS : 208 SPENCER AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.43700
----------------------------------------------------------------
0 0031068042 MORTGAGORS: DANO JACULEEN
REGION CODE ADDRESS : 4106 AVENUE G
01 CITY : AUSTIN
STATE/ZIP : TX 78751
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,537.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,750.00
P & I AMT: 11,351.61
UPB AMT: 1,563,924.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068083 MORTGAGORS: VARADARAJAN DODDAGADDAVALLI
VARADARAJAN JAYASHREE
REGION CODE ADDRESS : 1050 CASLETON WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,789.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031068109 MORTGAGORS: MILLER JANICE
ACTON DAVID
REGION CODE ADDRESS : 1115 EGRET CIRCLE N
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,574.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.87500
----------------------------------------------------------------
0 0031068117 MORTGAGORS: BRODSKY STEPHEN
BRODSKY SHARON
REGION CODE ADDRESS : 108 MOZART AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,700.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031068125 MORTGAGORS: WEINTRAUB GERALD
REGION CODE ADDRESS : 1396 SUMMIT RD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.96500
----------------------------------------------------------------
0 0031068182 MORTGAGORS: CURLEY TODD
CURLEY VERONICA
REGION CODE ADDRESS : 111 LAKERIDGE LANE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,544.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,800.00
P & I AMT: 11,463.58
UPB AMT: 1,576,395.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068216 MORTGAGORS: CARTER FRANK
CARTER LORETTA
REGION CODE ADDRESS : 208 LOGAN AVENUE
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,800.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.94000
----------------------------------------------------------------
0 0031068224 MORTGAGORS: SAMRA KULDIP
SAMRA DROPATI
REGION CODE ADDRESS : 1260 BEL AIR DR
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031068273 MORTGAGORS: PARSONS DONALD
PARSONS JANIECE
REGION CODE ADDRESS : 3333 COUNTRY CLUB BOULEVARD
01 CITY : STOCKTON
STATE/ZIP : CA 95204
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,935.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031068281 MORTGAGORS: CONWAY MICHAEL
CONWAY MEGHAN
REGION CODE ADDRESS : 40 FAIRFIELD BEACH RD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,088.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031068323 MORTGAGORS: WARREN LESLIE
WARREN ELISE
REGION CODE ADDRESS : 55 BISHOP LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,700.00
P & I AMT: 9,301.59
UPB AMT: 1,307,200.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068364 MORTGAGORS: WANG DAVID
REGION CODE ADDRESS : 4230 CEDARWOOD ROAD
01 CITY : ST LOUIS PARK
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 252,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,417.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031068380 MORTGAGORS: SANDY MARK
SANDY KAREN
REGION CODE ADDRESS : 118 LAS VEGAS ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 329,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,023.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031068430 MORTGAGORS: SILVA MELVIN
SILVA GEORGIA
REGION CODE ADDRESS : 366 KA AWAKEA ROAD
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,142.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
0 0031068455 MORTGAGORS: EGAN JOHN
WONG MABEL
REGION CODE ADDRESS : 3175 HUELANI DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 476,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,110.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,452.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031068570 MORTGAGORS: TAYLOR RICHMOND
REGION CODE ADDRESS : 23848 SKYLINE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,236.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,450.00
P & I AMT: 12,994.24
UPB AMT: 1,778,930.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031068653 MORTGAGORS: MARK ARNOLD
MARK SHIRLEY
REGION CODE ADDRESS : 6672 VICKIVIEW DRIVE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,010.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.84200
----------------------------------------------------------------
0 0031068737 MORTGAGORS: CHAPMAN MICHAEL
CHAPMAN LAURA
REGION CODE ADDRESS : 11371 LEGACY TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.07200
----------------------------------------------------------------
0 0031068794 MORTGAGORS: SHALER DENNIS
SHALER SHARON
REGION CODE ADDRESS : 5210 WAR WAGON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069040 MORTGAGORS: MCLEAN CHARLES
MCLEAN LINDA
REGION CODE ADDRESS : 30608 EL SUENO DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,051.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031069057 MORTGAGORS: OLSON RONALD
OLSON HEIDI
REGION CODE ADDRESS : 21755 SUTHERLAND DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,749.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.31500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,700.00
P & I AMT: 10,720.68
UPB AMT: 1,482,469.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069065 MORTGAGORS: GAM MICHAEL
GAM DEBORAH
REGION CODE ADDRESS : 6406 FORESTER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.36900
----------------------------------------------------------------
0 0031069073 MORTGAGORS: COHEN ALLAN
COHEN ELIZABETH
REGION CODE ADDRESS : 2893 DUNLEER PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 354,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,856.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,567.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.97800
----------------------------------------------------------------
0 0031069081 MORTGAGORS: SPIKER WILLIAM
SPIKER ISABEL
REGION CODE ADDRESS : 1175 GALVEZ DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,824.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.54600
----------------------------------------------------------------
0 0031069099 MORTGAGORS: CARRIER LAURA
REGION CODE ADDRESS : 5041 SAN JOAQUIN DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,794.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031069115 MORTGAGORS: DEVLIN THOMAS
DEVLIN LYNDA
REGION CODE ADDRESS : 20105 NOB HILL DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,576.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 72.88700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,850.00
P & I AMT: 11,380.25
UPB AMT: 1,571,762.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069149 MORTGAGORS: BEAUMONT BELLANY
REGION CODE ADDRESS : 715 LARKSPUR AVENUE #1
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,766.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031069164 MORTGAGORS: HONG EDWARD
HONG SUSAN
REGION CODE ADDRESS : 22 PACKET ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,743.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.95800
----------------------------------------------------------------
0 0031069180 MORTGAGORS: NORVELL FLOANN
NORVELL RUSSEL
REGION CODE ADDRESS : 14240 HEADLANDS DRIVE
01 CITY : CASPER
STATE/ZIP : CA 95420
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 44.40000
----------------------------------------------------------------
0 0031069263 MORTGAGORS: SAKAMOTO MYRON
SAKAMOTO HENLIE
REGION CODE ADDRESS : 7814 WOODHALL AVENUE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 273,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,011.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.33159
----------------------------------------------------------------
0 0031069289 MORTGAGORS: HALL CHRISTINA
BRANDT JONATHAN
REGION CODE ADDRESS : 377 RIDER RIDGE ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.83500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,200.00
P & I AMT: 10,656.44
UPB AMT: 1,484,307.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069297 MORTGAGORS: SCOTT PATRICK
SCOTT JANET
REGION CODE ADDRESS : 783 FAXON AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,727.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.61700
----------------------------------------------------------------
0 0031069396 MORTGAGORS: SCHWEIKERT MATTHEW
SCHWEIKERT MARDEE
REGION CODE ADDRESS : 150 ARBOR LANE
01 CITY : MOSS BEACH
STATE/ZIP : CA 94038
MORTGAGE AMOUNT : 406,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,227.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.08600
----------------------------------------------------------------
0 0031069511 MORTGAGORS: APONTE JOSE
APONTE ELIZABETH
REGION CODE ADDRESS : 4583 CLUBHOUSE DR
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,231.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069545 MORTGAGORS: PECHER GREGORY
PECHER KAREN
REGION CODE ADDRESS : 941 MONICA LANE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,226.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069578 MORTGAGORS: SHARPE DEAN
REGION CODE ADDRESS : 15 THORNTON COURT
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,300.00
P & I AMT: 10,482.49
UPB AMT: 1,440,211.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069586 MORTGAGORS: SECKAR STEPHEN
SECKAR BRENDA
REGION CODE ADDRESS : 730 TRAIL ROCK COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 79.49500
----------------------------------------------------------------
0 0031069594 MORTGAGORS: KATEBIAN ALI
KATEBIAN PARY
REGION CODE ADDRESS : 21435 VIA PEPITA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,539.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031069636 MORTGAGORS: GOMEZ LAURENCE
REGION CODE ADDRESS : 1036 AND 1038 NORTH LA JOLLA AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0031069644 MORTGAGORS: SCOTT LAURA
GONZALES TERRY
REGION CODE ADDRESS : 1045 INVERNESS WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031069719 MORTGAGORS: SCHAPER CHRISTOPHER
SCHAPER ESTELLA
REGION CODE ADDRESS : 1070 SUMMERPLACE COURT
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.62900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,700.00
P & I AMT: 9,622.75
UPB AMT: 1,330,776.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031069735 MORTGAGORS: KAISER LINDA
REGION CODE ADDRESS : 6 MANCHESTER RD
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031069768 MORTGAGORS: CHAN JOSEPH
CHAN SARA
REGION CODE ADDRESS : 42459 PASEO PADRE PARKWAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,570.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031069792 MORTGAGORS: CARY JOHN
PILKINGTON LAURA
REGION CODE ADDRESS : 8020 E. MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,719.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069842 MORTGAGORS: BECK LAWRENCE
BECK DORA
REGION CODE ADDRESS : 33110 EGRET WAY
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,845.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031069982 MORTGAGORS: COPELAND JEFF
DE MORAES LISA
REGION CODE ADDRESS : 1502 33RD STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,750.00
P & I AMT: 10,554.32
UPB AMT: 1,451,760.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070063 MORTGAGORS: GAULT GARY
GAULT SANDRA
REGION CODE ADDRESS : 3152 DENTON PLACE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070220 MORTGAGORS: WILLDEN JAMES
WILLDEN LORI
REGION CODE ADDRESS : 1110 REDINGTON COURT
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 218,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,295.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031070311 MORTGAGORS: ECKHAUS LEONARD
ECKHAUS LINDA
REGION CODE ADDRESS : 29212 BIG RANGE ROAD
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 419,481.19 OPTION TO CONVERT :
UNPAID BALANCE : 412,414.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.14739
----------------------------------------------------------------
0 0031070337 MORTGAGORS: SHIMABE TAKAO
SHIMABE MIKIKO
REGION CODE ADDRESS : 155 BELHAVEN DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 366,432.11 OPTION TO CONVERT :
UNPAID BALANCE : 360,884.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.85100
----------------------------------------------------------------
0 0031070352 MORTGAGORS: BURGESS JOHN
BURGESS BRANDY
REGION CODE ADDRESS : 7619 FREEDOM WOODS DR.
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46259
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,971.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,713.30
P & I AMT: 11,355.55
UPB AMT: 1,544,340.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070394 MORTGAGORS: CRETELLA HENRY
CRETELLA RUTH
REGION CODE ADDRESS : 17 STONEHEDGE ROAD
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,226.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 51.60300
----------------------------------------------------------------
0 0031070410 MORTGAGORS: MCKINNEY J
MCKINNEY BEATRICE
REGION CODE ADDRESS : 15260 VALI HAI ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031070428 MORTGAGORS: WARREN JAMES
WARREN SHIRLEY
REGION CODE ADDRESS : 6 MANSION DRIVE
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,956.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031070436 MORTGAGORS: BIRNBACH BRUCE
REGION CODE ADDRESS : 11709 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,424.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,067.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99700
----------------------------------------------------------------
0 0031070444 MORTGAGORS: BALL JAMES
BALL ANN MARIE
REGION CODE ADDRESS : 1874 WEST CARDIFF ROAD
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,618.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,200.00
P & I AMT: 10,408.45
UPB AMT: 1,436,058.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070451 MORTGAGORS: WENDZEL STAN
WENDZEL DENISE
REGION CODE ADDRESS : 2207 VIA IRIS
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,552.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.75500
----------------------------------------------------------------
0 0031070501 MORTGAGORS: CAYTON THOMAS
CAYTON MARCIA
REGION CODE ADDRESS : 563 ROSSO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 447,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,700.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,279.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.06800
----------------------------------------------------------------
0 0031070600 MORTGAGORS: FIORENTINE ROBERT
FIORENTINE MICHELLE
REGION CODE ADDRESS : 118 N. LA JOLLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.11764
----------------------------------------------------------------
0 0031070642 MORTGAGORS: HART` ANN
REGION CODE ADDRESS : 521 OAKWOOD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,289.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 30.00000
----------------------------------------------------------------
0 0031070931 MORTGAGORS: BRACHFELD LARRY
REGION CODE ADDRESS : 260 FLORIDA HILL ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,500.00
P & I AMT: 10,805.97
UPB AMT: 1,475,036.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070998 MORTGAGORS: MANKEY JAMES
MANKEY CAROLINE
REGION CODE ADDRESS : 1967 W. SILVER LAKE DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071087 MORTGAGORS: UNDERWOOD RANDALL
UNDERWOOD TRACY
REGION CODE ADDRESS : 1233 BLOOMFIELD STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031071095 MORTGAGORS: MONTE JOSEPH
MONTE ELAINE
REGION CODE ADDRESS : 5 TANGLEWOOD COURT
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,133.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071160 MORTGAGORS: TUERPE DIETER
TUERPE ANNE
REGION CODE ADDRESS : 8075 SKYLINE BLVD.
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.81400
----------------------------------------------------------------
0 0031071178 MORTGAGORS: JOHNSTON RICHARD
JOHNSTON JUDITH
REGION CODE ADDRESS : 905 HARTMAN COURT
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,764,500.00
P & I AMT: 12,593.45
UPB AMT: 1,764,095.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071236 MORTGAGORS: KNISTER MICHAEL
PAMMIDIMUKKALA PADMASRI
REGION CODE ADDRESS : 538 COLE CIRCLE
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,743.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071301 MORTGAGORS: WHITNEY JERRY
KREMLER CHERYL
REGION CODE ADDRESS : 3520 BUTCHER DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------
0 0031071327 MORTGAGORS: BUCKLES BRENT
BUCKLES BAMBI
REGION CODE ADDRESS : 25 CARIBE ISLE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,733.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.03500
----------------------------------------------------------------
0 0031071335 MORTGAGORS: TUCKER THOMAS
ROYSTER KIM
REGION CODE ADDRESS : 1945 MAVERICK LANE
01 CITY : LEMON HEIGHTS AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,666.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,381.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071343 MORTGAGORS: KOLAR CHARLES
KOLAR JILL
REGION CODE ADDRESS : 2533 COTTLE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,000.00
P & I AMT: 12,644.23
UPB AMT: 1,752,777.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071368 MORTGAGORS: SMITH MARTIN
SMITH KAY
REGION CODE ADDRESS : RT 2 BOX 334A
01 CITY : LEWISBURG
STATE/ZIP : WV 24901
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031071400 MORTGAGORS: TERPSTRA MARSHALL
KHONG-TERPSTRA SYLVIA
REGION CODE ADDRESS : 860 HELEN DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031071418 MORTGAGORS: ABDEL-RAHMAN JAMAL
REGION CODE ADDRESS : 2433 MICHIGAN DRIVE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,195.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.29800
----------------------------------------------------------------
0 0031071426 MORTGAGORS: DENMAN RICHARD
DENMAN MARIANNE
REGION CODE ADDRESS : 2703 WITHERIDGE ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,082.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,925.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031071442 MORTGAGORS: BOZYM WILLIAM
STEIL-BOZYM TONI
REGION CODE ADDRESS : 64 VALLA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,616.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,800.00
P & I AMT: 11,699.57
UPB AMT: 1,597,553.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071459 MORTGAGORS: CHEN STACY
CHEN KATIE
REGION CODE ADDRESS : 4710 PARKWEST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,638.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071467 MORTGAGORS: PRITCHARD MARTHA
PRITCHARD PAULA
REGION CODE ADDRESS : 4063 ROSS AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 239,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,589.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031071483 MORTGAGORS: WONG VINCENT
LEE DELPHINE
REGION CODE ADDRESS : 16180 OLEANDER AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,694.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.94800
----------------------------------------------------------------
0 0031071525 MORTGAGORS: TORNEROS JESSE
TORNEROS JEANNETTE
REGION CODE ADDRESS : 1463 LEAFTREE CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031071566 MORTGAGORS: COOLEY J L
COOLEY ANNETTE
REGION CODE ADDRESS : 8350 COVENTRY COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,831.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.79200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,550.00
P & I AMT: 10,051.70
UPB AMT: 1,382,601.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071574 MORTGAGORS: SHAH MINESH
HARTANA IDAWATI
REGION CODE ADDRESS : 891 WEST IOWA AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,757.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071590 MORTGAGORS: PEARSON MILO
PEARSON GALE
REGION CODE ADDRESS : 5638 MARCHESE COURT
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,079.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031071608 MORTGAGORS: KREISKOTT RICHARD
KREISKOTT SUSY
REGION CODE ADDRESS : 2521 STUTSMAN DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.45200
----------------------------------------------------------------
0 0031071616 MORTGAGORS: BEDNARZ MICHAEL
BEDNARZ GAIL
REGION CODE ADDRESS : 4208 TALLOWOOD DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,828.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031071624 MORTGAGORS: MANNING DANIEL
MANNING ANN
REGION CODE ADDRESS : 15240 LA ROCCA DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,841.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.04160
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,250.00
P & I AMT: 9,574.97
UPB AMT: 1,328,321.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071632 MORTGAGORS: LEOS ROBERT
LEOS BEVERLY
REGION CODE ADDRESS : 18521 EAST ROBIN WAY
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 344,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,124.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98140
----------------------------------------------------------------
0 0031071657 MORTGAGORS: COFFMAN JIM
DAVIS STEPHANIE
REGION CODE ADDRESS : 362 WEST 12TH STREET
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071665 MORTGAGORS: POTTER CHRISTOPHER
MAMMEL LISA
REGION CODE ADDRESS : 33 TAIT AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,727.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,088.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031071673 MORTGAGORS: BERNIE JEROME
BERNIE OPHELIA
REGION CODE ADDRESS : 3806 PARKVIEW COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 351,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,651.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031071681 MORTGAGORS: BUGESCU EUGENE
BUGESCU ENIKO
REGION CODE ADDRESS : 5031 PASEO SEGOVIA
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 260,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,779.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,250.00
P & I AMT: 11,821.19
UPB AMT: 1,648,083.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071699 MORTGAGORS: CASTILLO LUIS
CASTILLO CARMEN
REGION CODE ADDRESS : 1507 EAST VINE AVENUE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,199.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071715 MORTGAGORS: SARRACINO ROSS
SARRACINO STEPHANIE
REGION CODE ADDRESS : 7 LONGBOURN AISLE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.63200
----------------------------------------------------------------
0 0031071723 MORTGAGORS: HAIGH SCOTT
HAIGH LORI
REGION CODE ADDRESS : 9712 WILLOW GLENN CIRCLE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 290,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,217.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.66200
----------------------------------------------------------------
0 0031071756 MORTGAGORS: WHISENHUNT DAVID
WHISENHUNT DIANE
REGION CODE ADDRESS : 11402 RAMPART DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 238,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,294.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.76200
----------------------------------------------------------------
0 0031071764 MORTGAGORS: BURDOGNA MARIANNE
REGION CODE ADDRESS : 484 FULTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,751.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,700.00
P & I AMT: 10,201.61
UPB AMT: 1,438,264.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031071772 MORTGAGORS: COVARRUBIAS AUGUSTIN
COVARRUBIAS MAGDALENA
REGION CODE ADDRESS : 5559 W PHILLIPS BOULEVARD
01 CITY : CHINO
STATE/ZIP : CA 91762
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031071806 MORTGAGORS: THIRET ROGER
THIRET SUSAN
REGION CODE ADDRESS : 22291 CHIPPEWA LANE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.80400
----------------------------------------------------------------
0 0031071863 MORTGAGORS: VOLPE MICHAEL
NICOSIA FRANCES
REGION CODE ADDRESS : 2301 CHERRY STREET #9D
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 106,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 744.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.02100
----------------------------------------------------------------
0 0031071939 MORTGAGORS: BLACK DARRYL
BLACK BETTY
REGION CODE ADDRESS : 18946 SILVERBIT LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,312.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072010 MORTGAGORS: EGGLESTON MAURICE
EGGLESTON MARGARET
REGION CODE ADDRESS : 11 GARLAND DRIVE
01 CITY : NEWPORT NEWS
STATE/ZIP : VA 23606
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,641.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,500.00
P & I AMT: 9,612.90
UPB AMT: 1,345,957.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072044 MORTGAGORS: HILL WILLIE
HILL HARVENIA
REGION CODE ADDRESS : 725 WOODSHIRE TRAIL
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 222,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,097.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031072051 MORTGAGORS: FREDIAN THOMAS
FREDIAN CAROL
REGION CODE ADDRESS : 290 HUNTING ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 263,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,733.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072101 MORTGAGORS: RUSSELL EDWARD
POWER DIANE
REGION CODE ADDRESS : 319 DAVIS STREET
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,003.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072135 MORTGAGORS: BLACK MARY
BLACK KARL
REGION CODE ADDRESS : 3448 STANFORD AVE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072150 MORTGAGORS: CLARK RICHARD
CLARK JAN
REGION CODE ADDRESS : 504 HIGH POINT PLACE E.
01 CITY : PEORIA
STATE/ZIP : IL 61614
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.43200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,289,970.00
P & I AMT: 9,168.11
UPB AMT: 1,289,246.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072168 MORTGAGORS: REYNOLDS REX
REYNOLDS CHERYL
REGION CODE ADDRESS : 4706 - 21ST STREET
01 CITY : LUBBOCK
STATE/ZIP : TX 79407
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,723.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.73585
----------------------------------------------------------------
0 0031072176 MORTGAGORS: GONZALEZ-ROCCO ALEJANDRO
GARZA-CRUZ GLORIA
REGION CODE ADDRESS : 9156 COLLINS AVE # 107
01 CITY : SURFSIDE
STATE/ZIP : FL 33154
MORTGAGE AMOUNT : 79,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,161.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 665.96 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072200 MORTGAGORS: DONAHUE THOMAS
DONAHUE KIMBERLY
REGION CODE ADDRESS : 687 QUESTOVER LANE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,683.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072218 MORTGAGORS: BRANT EDWARD
BRANT DOROTHY
REGION CODE ADDRESS : 1301 CHERRY ST MIDDLE TWP.
01 CITY : GREEN GREEK
STATE/ZIP : NJ 08219
MORTGAGE AMOUNT : 101,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,541.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072242 MORTGAGORS: DE LUCA GERALD
DE LUCA ROSEMARIE
REGION CODE ADDRESS : 38 PARK ST UNIT 1-C
01 CITY : FLORHAM PARK
STATE/ZIP : NJ 07932
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,968.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 493.61 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 33.33300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,112,800.00
P & I AMT: 8,317.29
UPB AMT: 1,112,078.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072275 MORTGAGORS: FROHBOSE FREDERICK
FROHBOSE BARBARA
REGION CODE ADDRESS : 1628 LAFAYETTE AV
01 CITY : ROCKY MOUNT
STATE/ZIP : NC 27803
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031072283 MORTGAGORS: BOLGER ROBERT
BOLGER ADRIENNE
REGION CODE ADDRESS : 610 SIERRA MEADOWS DRIVE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072317 MORTGAGORS: SCHAMU CARL
SCHAMU HARUMI
REGION CODE ADDRESS : 307 LORE COURT
01 CITY : LEXINGTON PARK
STATE/ZIP : MD 20653
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.13800
----------------------------------------------------------------
0 0031072325 MORTGAGORS: TRAHAN PATRICK
TRAHAN LYNN
REGION CODE ADDRESS : 4506 WILLOWICK BLVD
01 CITY : ALEXANDRIA
STATE/ZIP : LA 71303
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072366 MORTGAGORS: MONROE GARY
MONROE JULIE
REGION CODE ADDRESS : 36 OCEAN POINT SOUTH
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,707.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,973.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.45100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,200.00
P & I AMT: 11,808.54
UPB AMT: 1,657,196.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072374 MORTGAGORS: THOMPSON CHARLES
THOMPSON LINDA
REGION CODE ADDRESS : 22456 W. HACIENDA DR
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95949
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,786.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,400.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031072390 MORTGAGORS: NUNLEY STEVEN
NUNLEY KIMBERLY
REGION CODE ADDRESS : 12800 CALLE DEL OSO PLACE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87111
MORTGAGE AMOUNT : 392,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,522.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072408 MORTGAGORS: WILKINS HOWARD
HAENER-WILKINS KAREN
REGION CODE ADDRESS : 20 MONTECITO DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 592,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 592,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,292.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072416 MORTGAGORS: ROSE JOHN
ROSE CHERYL
REGION CODE ADDRESS : 1802 TOWNSEND FORREST LANE
01 CITY : BROWNS SUMMIT
STATE/ZIP : NC 27214
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,035.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 93.86200
----------------------------------------------------------------
0 0031072424 MORTGAGORS: SCHAPPERLE JOHN
SCHAPPERLE POLLY
REGION CODE ADDRESS : 1322 WEXFORD PL W
01 CITY : PEORIA
STATE/ZIP : IL 61615
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,000.00
P & I AMT: 12,557.17
UPB AMT: 1,706,158.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072457 MORTGAGORS: TIDERINGTON KENNETH
REGION CODE ADDRESS : 311 FIELDSTON RD
01 CITY : BELLINGHAM
STATE/ZIP : WA 98225
MORTGAGE AMOUNT : 413,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,342.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,143.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.88900
----------------------------------------------------------------
0 0031072473 MORTGAGORS: REYES MIRIAM
REGION CODE ADDRESS : 14839 SW 110TH TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33196
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,942.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 975.39 OUTSIDE CONV DATE :
LIFETIME RATE : 9.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.50000 PRODUCT CODE : 250
LTV : 77.33300
----------------------------------------------------------------
0 0031072499 MORTGAGORS: MARSHALL PEGGY
MARSHALL JAMES
REGION CODE ADDRESS : 4277 VEGA LOOP
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,256.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 79.13300
----------------------------------------------------------------
0 0031072523 MORTGAGORS: NEYMAN ALEXANDER
NEYMAN NINA
REGION CODE ADDRESS : 21177 CREEKSIDE
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.13900
----------------------------------------------------------------
0 0031072549 MORTGAGORS: WILSON ROBERT
WILSON SANDRA
REGION CODE ADDRESS : 505 HARRISON AVENUE
01 CITY : ORANGE PARK
STATE/ZIP : FL 32065
MORTGAGE AMOUNT : 88,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,951.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 708.07 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,130,000.00
P & I AMT: 8,575.36
UPB AMT: 1,129,289.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072556 MORTGAGORS: PHILLIPS CLAUDE
PHILLIPS LEIGH ANN
REGION CODE ADDRESS : 2901 WALL STORE RD
01 CITY : GARNER
STATE/ZIP : NC 27529
MORTGAGE AMOUNT : 144,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,201.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,071.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 71.79100
----------------------------------------------------------------
0 0031072564 MORTGAGORS: MARIANI DAVID
MARIANI CLAIRE
REGION CODE ADDRESS : 1315 WOODRUFF AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,579.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072572 MORTGAGORS: PRESLER BERNHARD
PRESLER HONORA
REGION CODE ADDRESS : 13000 SW 29 CT
01 CITY : DAVIE
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,241.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072598 MORTGAGORS: MCKEE RICHARD
MCKEE LINDA
REGION CODE ADDRESS : 31 CARLSON COURT
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,696.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 74.62600
----------------------------------------------------------------
0 0031072614 MORTGAGORS: FROST MICHELE
REGION CODE ADDRESS : 6755 W. BROWARD BLVD # 310
01 CITY : PLANTATION
STATE/ZIP : FL 33317
MORTGAGE AMOUNT : 43,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,560.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 350.82 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 78.55800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,300.00
P & I AMT: 8,724.31
UPB AMT: 1,191,698.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072622 MORTGAGORS: ORYSZCZUK MIKE
REGION CODE ADDRESS : 19101 N.E. 36 COURT, UNIT #3110
01 CITY : AVENTURA
STATE/ZIP : FL 33180
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,927.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072648 MORTGAGORS: LLOYD ROBBIN
LLOYD JANE
REGION CODE ADDRESS : 3450 WESTHAMPTON WAY
01 CITY : GAINSEVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,184.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.65100
----------------------------------------------------------------
0 0031072663 MORTGAGORS: BRUSKIN CLARK
BRUSKIN CHERYL
REGION CODE ADDRESS : 27 WASHINGTON COURT
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,914.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,349.19 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072671 MORTGAGORS: SETARO CAECILIA
VO NAM
REGION CODE ADDRESS : 1 KIAWAH AVENUE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 95,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,148.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 766.00 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031072697 MORTGAGORS: LEE ORLIE
LEE WILMA
REGION CODE ADDRESS : 962 CLARELLEN DRIVE
01 CITY : FT MYERS
STATE/ZIP : FL 33919
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,064.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.03 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 924,800.00
P & I AMT: 7,138.98
UPB AMT: 924,239.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072788 MORTGAGORS: BOZA JANNETTE
REGION CODE ADDRESS : 2730 S.W. 18TH STREET
01 CITY : FT LAUDERDALE
STATE/ZIP : FL 33312
MORTGAGE AMOUNT : 81,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,554.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 649.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 250
LTV : 72.85700
----------------------------------------------------------------
0 0031072812 MORTGAGORS: MALLIE ANDRE
MALLIE MELINDA
REGION CODE ADDRESS : 1000 CONCHA STREET
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,841.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031072861 MORTGAGORS: GUTERRES STEVE
MUSCIO GINA
REGION CODE ADDRESS : 1246 GLACIER AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,801.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98358
----------------------------------------------------------------
0 0031072879 MORTGAGORS: HUGHES KENNETH
HUGHES DEBORAH
REGION CODE ADDRESS : 15440 WEATHEROCK WAY
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,725.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.55000
----------------------------------------------------------------
0 0031072903 MORTGAGORS: LUIZ MIKE
LUIZ SUSAN
REGION CODE ADDRESS : 21602 TUMERIC COURT
01 CITY : SANTA CLARITA SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 175,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,228.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,162,350.00
P & I AMT: 8,401.16
UPB AMT: 1,161,673.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031072986 MORTGAGORS: EDMONSON LEE
EDMONSON JULIE
REGION CODE ADDRESS : 7943 E DESERT COVE AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.06600
----------------------------------------------------------------
0 0031073125 MORTGAGORS: WALLIS KIMBERLY
CHAVEZ CHRIS
REGION CODE ADDRESS : 5860 N. DURANGO DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,987.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031073174 MORTGAGORS: POPPE EUGENE
REGION CODE ADDRESS : 729 ADOBE RD NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87107
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073216 MORTGAGORS: BARRY RICHARD
BARRY PEGGY
REGION CODE ADDRESS : 1247 HAMPTON PARK DR
01 CITY : RICHMOND HEIGHTS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 371,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,237.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.07100
----------------------------------------------------------------
0 0031073224 MORTGAGORS: GREENY D.
REGION CODE ADDRESS : 3111 17TH STREET N.
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,843.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.85700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,650.00
P & I AMT: 9,590.35
UPB AMT: 1,334,899.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031073364 MORTGAGORS: DISTASO JOHN
DISTASO KIMBERLY
REGION CODE ADDRESS : 701 KENTLAND DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
0 0031073398 MORTGAGORS: FRIEDBERG BRUCE
BARAN MADELYN
REGION CODE ADDRESS : 5 ASHLEY COURT
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,367.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.20600
----------------------------------------------------------------
0 0031073430 MORTGAGORS: BRAZIER JOSELYNN
SITGRAVES DARCY
REGION CODE ADDRESS : 1050 VIA CORDOVA
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,834.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.79000
----------------------------------------------------------------
0 0031073869 MORTGAGORS: CARR ANN
CARR MICHAEL
REGION CODE ADDRESS : 201 HAWTHORNE ROAD
01 CITY : HOPKINS
STATE/ZIP : MN 55343
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073877 MORTGAGORS: ARREOLA RAFAEL
ARREOLA EDUVIGES
REGION CODE ADDRESS : 813 SAN JUAN LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,830.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.71600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,600.00
P & I AMT: 9,463.15
UPB AMT: 1,324,846.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031073943 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX
00 XXXX : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,763.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.33300
----------------------------------------------------------------
0 0031074073 MORTGAGORS: XX XXXX
LE LAN
REGION CODE ADDRESS : 44888 VISTA DEL SOL
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,711.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.14200
----------------------------------------------------------------
0 0031074107 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 44030 GEDDY COURT
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.23000
----------------------------------------------------------------
0 0031074131 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,777.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031074263 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,804.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.82300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,000.00
P & I AMT: 12,069.60
UPB AMT: 1,657,857.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031074404 MORTGAGORS: XXXXXXXX XXXX
XXXXX XXXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : LIVERMORE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031074941 MORTGAGORS: XXXXXX XXXXXX
XXXXXX BUFF
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : VACAVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,760.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.09300
----------------------------------------------------------------
0 0031075096 MORTGAGORS: VAN XXX XXXXX
VAN XXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXX XXXXXX
01 CITY : REDONDO BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 306,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,538.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.68400
----------------------------------------------------------------
0 0031075237 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXX XXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075617 MORTGAGORS: XXX XXXXXXX
XXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : TUSTIN RANCH
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,768.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.86660
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,000.00
P & I AMT: 12,054.82
UPB AMT: 1,672,317.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031075674 MORTGAGORS: XXXXXX XXXXXX
XXXXXX A
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXX
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031075732 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : SANTA XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,831.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.82350
----------------------------------------------------------------
0 0031075799 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXX
XXXXXX CODE ADDRESS : 0000 XXXXXX XXXXX XXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,296.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.67100
----------------------------------------------------------------
0 0031075849 MORTGAGORS: XXXXXXX XXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : LAWRENCEVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031075948 MORTGAGORS: TERRIZZANO FRANCISCO
XXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,500.00
P & I AMT: 12,020.51
UPB AMT: 1,660,957.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031075963 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXX XXXX XXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075971 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXX XXXXX
01 CITY : NOVATO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,614.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,060.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076037 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX
01 CITY : PENN VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 68,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,962.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 547.14 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 34.87100
----------------------------------------------------------------
0 0031076086 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : EAST ISLIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076201 MORTGAGORS: DAVIDSON XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.23500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,000.00
P & I AMT: 9,783.80
UPB AMT: 1,347,229.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031076219 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXX
01 CITY : SACRAMENTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,848.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076870 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XX 000
01 CITY : SAN MARCOS
STATE/ZIP : TX 78666
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.32800
----------------------------------------------------------------
0 0031078066 MORTGAGORS: XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : NORCROSS
STATE/ZIP : GA 30093
MORTGAGE AMOUNT : 38,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 291.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031078462 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXX XXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,813.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078520 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,828.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.03800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,038,800.00
P & I AMT: 7,538.94
UPB AMT: 1,038,290.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031078561 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXX
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0031078579 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078645 MORTGAGORS: XXXXXXXX XXXXXXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX XXXXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078686 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XX XXXXXXXXX XXXXX
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,033.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078694 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX XX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,815,200.00
P & I AMT: 12,925.16
UPB AMT: 1,813,901.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031078728 MORTGAGORS: XXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : WESTFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,811.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078736 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXX XXXX XXXX
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.04300
----------------------------------------------------------------
0 0031078744 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXX XXXX
01 CITY : NORTH HAMPTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,602.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0031078751 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,815.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 47.41300
----------------------------------------------------------------
0 0031078785 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXX
01 CITY : SALISBURY
STATE/ZIP : MD 21801
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,129.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.05200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,500.00
P & I AMT: 10,263.29
UPB AMT: 1,418,130.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031078819 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX
01 CITY : ANDOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031078827 MORTGAGORS: QUARTARACO CLARE
REGION CODE ADDRESS : 0000 XXXXX XXXX XX
01 CITY : HINCKLEY TWP
STATE/ZIP : OH 44233
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,142.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031078876 MORTGAGORS: XXXXX XXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : RALEIGH
STATE/ZIP : NC 27606
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,535.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.63600
----------------------------------------------------------------
0 0031079270 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,642.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079296 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,588.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,200,550.00
P & I AMT: 8,663.77
UPB AMT: 1,199,714.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031079312 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079387 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXXX
01 CITY : LA FLORES ( AREA )
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.90000
----------------------------------------------------------------
0 0031079429 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX 000XX XXXXX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079668 MORTGAGORS: XXXXXXXXXXX XXXXXXX
XXXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 644,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,533.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,558.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079965 MORTGAGORS: XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXX XXXXX
01 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 497,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,339.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.06700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,964,700.00
P & I AMT: 13,998.61
UPB AMT: 1,963,297.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031079999 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080062 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : TUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.75300
----------------------------------------------------------------
0 0031080070 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXX
REGION CODE ADDRESS : 6802 VIA CARONA DR
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 259,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,521.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90700
----------------------------------------------------------------
0 0031080104 MORTGAGORS: LEVY XXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : LOS ALTOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 556,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 556,171.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,328.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031080179 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXX
01 CITY : SEAL BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,000.00
P & I AMT: 11,801.52
UPB AMT: 1,608,131.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031080294 MORTGAGORS: XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : CONSHOHOCKEN
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,126.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 50.84700
----------------------------------------------------------------
0 0031080542 MORTGAGORS: XXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000-0000 XXX XXXXXXX XXXX
01 CITY : PORTOLA VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031080575 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXX
01 CITY : LAKE FOREST
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 73.43700
----------------------------------------------------------------
0 0031080583 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 11740 XXXX XXXXXX
00 CITY : VALLEY VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080617 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : FAIRFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,351.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,216,500.00
P & I AMT: 8,694.59
UPB AMT: 1,215,730.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031080641 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,837.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.82500
----------------------------------------------------------------
0 0031080658 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : PLACERVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,791.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.86900
----------------------------------------------------------------
0 0031080666 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 5595 CAMINO XX XXXXXX
01 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,731.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,932.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031080674 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 30 SKYCREST
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,895.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 65.39700
----------------------------------------------------------------
0 0031080682 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 27105 PINARIO
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,805.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 89.78300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,100.00
P & I AMT: 11,258.41
UPB AMT: 1,538,060.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031080690 MORTGAGORS: KNIGHT XXXXXXX
XXXXXX DUWANDLYN
REGION CODE ADDRESS : 000 XXXXXX XX
01 CITY : BENICIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,256.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031080716 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031080724 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXXXX XXXX
01 CITY : GOLD RIVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 368,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,152.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 72.23500
----------------------------------------------------------------
0 0031080732 MORTGAGORS: TIEPERMAN D
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXXX XXXXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,127.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080740 MORTGAGORS: XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : PACIFICA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,815.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.56400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,250.00
P & I AMT: 11,084.78
UPB AMT: 1,546,157.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031080765 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,437.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
0 0031080773 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX
01 CITY : LAGUNA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,312.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031080781 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : LA CRESCENTA AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,025.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.82800
----------------------------------------------------------------
0 0031080799 MORTGAGORS: XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,810.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080807 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 33671 XXX XX XXXX
00 XXXX : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,690.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,200.00
P & I AMT: 9,408.95
UPB AMT: 1,310,277.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031080815 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 27552 SAN BLAS
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,683.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.50000
----------------------------------------------------------------
0 0031080831 MORTGAGORS: XXX XXXXX
XXX XXXX
REGION CODE ADDRESS : 00000 XX XXXXXX XXX
01 CITY : LOS ALAMITOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,752.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081557 MORTGAGORS: LIGHT XXXXX
LIGHT ORLY
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,768.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.50500
----------------------------------------------------------------
0 0031081672 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.71400
----------------------------------------------------------------
0 0031081821 MORTGAGORS: XXXXXX XXXXX
XXXXXX-XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 216,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,354.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 68.73000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,500.00
P & I AMT: 11,723.99
UPB AMT: 1,609,400.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031081870 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
XXXXXX CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : CARROLLTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 95,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 694.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031081979 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : SACRAMENTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,509.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
0 0031081995 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXXX XXXXX
01 CITY : TOPANGA AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,645.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.68900
----------------------------------------------------------------
0 0031082043 MORTGAGORS: VAN TAMELEN DIRK
VAN TAMELEN XXXXXXXXX
REGION CODE ADDRESS : 862 PLEASANT XXXX PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,737.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 70.90900
----------------------------------------------------------------
0 0031082076 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 30602 LA VUE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.40700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,845,800.00
P & I AMT: 13,181.27
UPB AMT: 1,844,956.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082092 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.99000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.99000 PRODUCT CODE : 002
LTV : 78.96100
----------------------------------------------------------------
0 0031082118 MORTGAGORS: XXXXXXX XXX XXXX
XXXXXXX XXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : CHINO HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,517.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89200
----------------------------------------------------------------
0 0031082175 MORTGAGORS: XXXXXX XXXX
DO XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,838.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,282.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082225 MORTGAGORS: XXXXXXXXXX XXXXX
XXXXX XXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XX XXXXXX XXXXX
01 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.37100
----------------------------------------------------------------
0 0031082266 MORTGAGORS: XXXX XXXXX
DE LA XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : OAKLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,700.00
P & I AMT: 11,335.67
UPB AMT: 1,581,743.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082282 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX #E
01 CITY : SANTA XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082332 MORTGAGORS: XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXX XXXX XX
01 CITY : ANAHEIM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,172.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98198
----------------------------------------------------------------
0 0031082357 MORTGAGORS: XXXX XXX
XXXX XXXX
REGION CODE ADDRESS : 1631 CORTE DE XXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082456 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : NORTH HAMPTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,737.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,769.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.76900
----------------------------------------------------------------
0 0031082472 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,400.00
P & I AMT: 10,696.82
UPB AMT: 1,503,295.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082506 MORTGAGORS: XXXXXXXXXX PASTOR
DESAHAGUN XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,282.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031082548 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX XXXXXXXXX
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,178.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082589 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00000 000XX XXXXXX X.X.
01 CITY : NORTH BEND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,610.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031082597 MORTGAGORS: XXXXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 28381 CALLE XXXXX
01 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 422,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,636.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,957.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031082605 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 1521 24TH AVNENUE EAST
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,093.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,650.00
P & I AMT: 10,580.10
UPB AMT: 1,471,801.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082613 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 000XX XXXXX X.X.
01 CITY : SNOQUALMIE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,903.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031082621 MORTGAGORS: XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : MALIBU
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,982.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.85100
----------------------------------------------------------------
0 0031082639 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 23262 XXXX XXX COURT
01 CITY : VALENCIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,755.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031082654 MORTGAGORS: XXXXX XXXXXXXX
REGION CODE ADDRESS : 114 SIENA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,056.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031082662 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXXX
01 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,798.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,650.00
P & I AMT: 10,691.88
UPB AMT: 1,470,495.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082670 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082688 MORTGAGORS: XXXXXX XXXXXXXXXXX
REGION CODE ADDRESS : 12 MONTE CARLO
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.03000
----------------------------------------------------------------
0 0031082704 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : LOS ALAMITOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,373.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082746 MORTGAGORS: XXXX XXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : TUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,519.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.96800
----------------------------------------------------------------
0 0031082787 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : LOS ALTOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,500.00
P & I AMT: 11,190.21
UPB AMT: 1,563,200.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031082829 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 28 CLEAR CREEK
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 403,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,365.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,891.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99627
----------------------------------------------------------------
0 0031082837 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,844.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082852 MORTGAGORS: XXXXX XXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXX XXXXXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.91100
----------------------------------------------------------------
0 0031083082 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : EL DORADO HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,342.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.34900
----------------------------------------------------------------
0 0031083173 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,503.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,900.00
P & I AMT: 10,966.54
UPB AMT: 1,511,857.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031083215 MORTGAGORS: XXXX XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : SANTA XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,744.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083272 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : SIMI VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.84058
----------------------------------------------------------------
0 0031083280 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 00XX. XXXXXX
01 CITY : SAN XXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,339.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031083322 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : SAN XXXX OBISPO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,018.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083389 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 12965 PASEO XXXXXXXX
01 CITY : SALINAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,700.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,700.00
P & I AMT: 10,714.29
UPB AMT: 1,510,606.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031083413 MORTGAGORS: XXXXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,588.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031083447 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXX
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083512 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : MILPITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,125.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 63.84400
----------------------------------------------------------------
0 0031083595 MORTGAGORS: XXXXX XXXXXXX
XXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : SONOMA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,368.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083702 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,422.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,650.00
P & I AMT: 11,059.60
UPB AMT: 1,524,506.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031083850 MORTGAGORS: XXXXXX XXXXXX
XXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXXX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 597,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 597,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,225.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.55200
----------------------------------------------------------------
0 0031084304 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 2700 PORT OF CALL DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,100.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031084320 MORTGAGORS: XXXXXXXX XXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 378,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,232.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,711.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.21500
----------------------------------------------------------------
0 0031084411 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : STOCKTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,787.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031084494 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 11952 ASHLEY PLACE
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,832.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,750.00
P & I AMT: 12,493.60
UPB AMT: 1,741,953.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031084577 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX COURT
01 CITY : MILPITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,994.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031085137 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXX
01 CITY : HILLSBOROUGH TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031085681 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XX 000XX XXXXXX
01 CITY : RIDGEFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,214.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031086358 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXX XXXX
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,836.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086457 MORTGAGORS: LI XXXXX
XXX JINKUI
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : DOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,550.00
P & I AMT: 10,702.21
UPB AMT: 1,503,607.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031086606 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 X XXXXXXXX XXXXX
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.80069
----------------------------------------------------------------
0 0031086671 MORTGAGORS: XXXXXXXXX XXXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : N ANTELOPE RUN PARCEL #6
01 CITY : XXXX XXXXXX XXXXX XXXX #0
XXXXX/XXX : AZ 86301
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,574.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086721 MORTGAGORS: XXXX-XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX XXXX
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086853 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX 000XX XXXXXX
01 CITY : FEDERAL WAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,096.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031087109 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX XXX.#0
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 763.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,300.00
P & I AMT: 9,849.17
UPB AMT: 1,358,671.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031087190 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXX XXXXX XXXX
01 CITY : WATER MILL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 467,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,345.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.12698
----------------------------------------------------------------
0 0031087307 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 6417 XXXXXXX COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,835.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99859
----------------------------------------------------------------
0 0031087901 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : ORLANDO
STATE/ZIP : FL 32836
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.50300
----------------------------------------------------------------
0 0031087943 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXXX XXXXX
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,331.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031087968 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,898.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99708
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,600.00
P & I AMT: 10,581.92
UPB AMT: 1,472,894.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031087976 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : BAYTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,598.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031087984 MORTGAGORS: XXXXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,712.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088008 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 5224 SARATOGA
01 CITY : ARLINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088057 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXX
01 CITY : LEESBURG
STATE/ZIP : VA 22075
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,685.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 53.19100
----------------------------------------------------------------
0 0031088412 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXX 000 XXXXX
01 CITY : OREM
STATE/ZIP : UT 84058
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,287.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,300.00
P & I AMT: 11,585.24
UPB AMT: 1,580,083.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031088560 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXX XXXX XXXXX
01 CITY : MC XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,384.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088701 MORTGAGORS: PERCY XXXXXXX
XXXXX-XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXX
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 237,025.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,857.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031088735 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 00XX XXXXXX XXXXXXXXX
01 CITY : SNOHOMISH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088933 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXXXX XXXXXX
01 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031089451 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXXX XXXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,404.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,625.00
P & I AMT: 9,572.95
UPB AMT: 1,336,060.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031090145 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : OMAHA
STATE/ZIP : NE 68114
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031090657 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
01 CITY : XXXXXX SPRINGS
STATE/ZIP : FL 34135
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,383.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031090889 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXX
REGION CODE ADDRESS : 000 XXXXXXXX XXX
01 CITY : SCHUYKILL
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031090913 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXXX XXXX
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,934.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031091309 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXXXX XXXXXX
01 CITY : XXXXXXX BEACH
STATE/ZIP : DE 19930
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,595.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,450.00
P & I AMT: 9,176.61
UPB AMT: 1,297,505.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031091333 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0 XXX XXXXXX XXXXXX
01 CITY : BRANCHBURG
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,194.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031091366 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,895.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031091382 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : BLUE XXXX
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031092034 MORTGAGORS: XXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX XXXXX
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,213.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031092109 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 42 ELECTRIC AVENUE
01 CITY : XXXXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,581.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,050.00
P & I AMT: 9,333.08
UPB AMT: 1,309,539.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031092257 MORTGAGORS: XXXXXXXXXXXXX XXXXX
XXXXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXX
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,827.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,507.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031092497 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXXX XXX
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.90400
----------------------------------------------------------------
0 0031092646 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 10599 NORTHWEST LE MANS COURT
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.54500
----------------------------------------------------------------
0 0031092711 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXXXXXX XXXXXX UNIT#12
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,711.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.04200
----------------------------------------------------------------
0 0031092976 MORTGAGORS: XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX
01 CITY : XXXXXXX
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,275.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.15400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,400.00
P & I AMT: 10,008.39
UPB AMT: 1,396,411.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031093149 MORTGAGORS: XXXXXX XXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,681.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.13000
----------------------------------------------------------------
0 0031093628 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXXX
01 CITY : WENHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031093743 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : XXXXXXX
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,821.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031093800 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : PENNINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,425.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093818 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXX XXXXX
01 CITY : MOUNT LAUREL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,719.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,100.00
P & I AMT: 11,495.66
UPB AMT: 1,607,148.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031093826 MORTGAGORS: XXXXXXXXXXX XXXXXXXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : STATEN ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,748.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093859 MORTGAGORS: SYMMONS XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 13 CHESTERBROOK
01 CITY : XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,510.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093883 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX XXXX
01 CITY : NORTHBORO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.25600
----------------------------------------------------------------
0 0031094055 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXX.
01 CITY : FRISCO
STATE/ZIP : CO 80443
MORTGAGE AMOUNT : 142,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,006.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031095573 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,200.00
P & I AMT: 10,580.94
UPB AMT: 1,499,960.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031095714 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXXX COURT
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 267,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,251.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031096001 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXX XXXXX
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.69100
----------------------------------------------------------------
0 0031096878 MORTGAGORS: XXXX XXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXXXXX XXXXX
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,317.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.77777
----------------------------------------------------------------
0 0031096886 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXX XXXX XXX
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 279,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,727.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097454 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : COPPELL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,076.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,370.00
P & I AMT: 10,055.30
UPB AMT: 1,418,143.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031097470 MORTGAGORS: XXXXXX XXX
XXXXXX EULEN
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,800.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097488 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : LARGO
STATE/ZIP : FL 33770
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 622,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031097603 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 000XX XXXXXX XXXXXXXXX
01 CITY : MARYSVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,241.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,545.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031097637 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : RENO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031097660 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXX
01 CITY : OAK POINT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 267,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.96200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,700.00
P & I AMT: 11,437.04
UPB AMT: 1,614,170.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031098924 MORTGAGORS: XXXX XXXXXXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXX
01 CITY : FRANKLIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,523.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.30200
----------------------------------------------------------------
0 0031099021 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,048.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.12643
----------------------------------------------------------------
0 0031099302 MORTGAGORS: CALLAWAY XXXX
XXXXXXXX JO XXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX XXXXX
01 CITY : STEILACOOM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.94730
----------------------------------------------------------------
0 0031099336 MORTGAGORS: KING XXXXXX
XXXX XXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,258.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031099377 MORTGAGORS: XXXX XXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX
01 CITY : DOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,165.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.90300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,950.00
P & I AMT: 9,703.66
UPB AMT: 1,336,995.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
X.X. XXX 0000 TMS AG0004971130 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0031099419 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 214,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.96000
----------------------------------------------------------------
0 0031099484 MORTGAGORS: XXXXX XXXXX
ACREE CAROL
REGION CODE ADDRESS : 1504 LAKESHORE CIRCLE
01 CITY : CRESTWOOD
STATE/ZIP : KY 40014
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031100167 MORTGAGORS: UEBELE THOMAS
UEBELE LOIS
REGION CODE ADDRESS : 6301 COLLINS AVENUE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33141
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031100365 MORTGAGORS: PARSONS LAWRENCE
PARSONS RITA
REGION CODE ADDRESS : 6145 LAWRENCE DRIVE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46226
MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,941.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.34700
----------------------------------------------------------------
0 0031100589 MORTGAGORS: LING PAUL
LING PEARL
REGION CODE ADDRESS : 95-718 MAKAUNULAU STREET
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,742.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,000.00
P & I AMT: 9,779.48
UPB AMT: 1,384,983.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/97
P.O. BOX 5260 TMS AG0004971130 00 01
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031100613 MORTGAGORS: GHRIST WILLIAM
GHRIST JULIE
REGION CODE ADDRESS : 22029 WOODWINDS DRIVE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 325,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,553.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031100621 MORTGAGORS: MARSHALL CHARLES
MARSHALL KIMBERLY
REGION CODE ADDRESS : 229 SEA COAST LANE
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,419.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031100639 MORTGAGORS: WHITE RICHARD
REGION CODE ADDRESS : 14 RANWORTH COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100654 MORTGAGORS: SCHWARTZ MICHAEL
SCHWARTZ ELAINE
REGION CODE ADDRESS : 2113 59TH AVENUE COURT
01 CITY : GREELEY
STATE/ZIP : CO 80634
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98092
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 1,087,650.00
P & I AMT: 7,709.85
UPB AMT: 1,086,615.72
0 TOTAL NUM OF LOANS: 1664
LOAN AMT: 501,326,406.56
P & I AMT: 3,607,476.24
UPB AMT: 500,816,972.70
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-11
Pursuant to the Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly
Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments
in part received and applied
in the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal
Balance: $________
(10) Available Funds: $________
(11) Realized Losses for
prior month: $________
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard
Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy
Losses $________
(e) Excess Special
Hazard Losses $________
(f) Excess Fraud
Losses $________
(g) Debt Service
Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(b): $_____________
(17) Certificate Interest Rate of:
Class S Certificates _____________%
(18) Distributions Allocable to
Unanticipated Recoveries:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage
for such Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Class A5 Percentage: _____________%
6. Class A5 Prepayment
Distribution Percentage: _____________%
7. Class A5 Scheduled
Distribution Percentage: _____________%
8. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
9. Prepayment Distribution
Triggers satisfied: Yes No
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of November 1, 1997, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
____________________________
[name of Investor]
By:_________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] 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 [she] 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") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) 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
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" of GE Capital Mortgage Services,
Inc.'s REMIC Multi-Class Pass-Through Certificates, Series
1997-11.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc., dated as of
November 1, 1997, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 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 Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. 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 any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Trust Fund, as applicable, pursuant to the Pooling and Servicing
Agreement.
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 __________, 19__.
_________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
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
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
______________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1997-11
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
_________________________________
Name:
Title:
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests
(copies of loan file documents,
additional pay-off quotations,
amortization schedules, payment
histories) $0
Modification Fees Reasonable and Customary
Charges
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
__________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1997-11
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of November 1, 1997 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor 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 __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the Restricted
Certificates at the exclusive
direction of and as nominee
of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-11
Pursuant to the Pooling and Servicing Agreement dated
as of November 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class S $__________ ____%
(4) Amount of distribution
allocable to
Unanticipated Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
2
Balance; number of
Mortgage Loans: $__________ __________
(7) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class;
Certificate Principal Balance
(or Notional Principal Balance)
of Single Certificate of each
Class:
Single
Certificate
Class Balance Balance
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
Class S $__________ $__________
(8) Book value of real
estate acquired on
behalf of Certificate-
holders; number of
related Mortgage Loans:
$__________ __________
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
3
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
(12) Certificate Interest Rate of:
Class S Certificates __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Class A5 Percentage
for such Distribution Date: __________%
(16) Class A5 Scheduled Distribution
Percentage for such Distribution
Date: __________%
(17) Class A5 Prepayment Distribution
Percentage for such Distribution
Date: __________%
(18) Junior Percentage for
such Distribution Date: __________%
(19) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
4
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
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, as Servicer, will 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.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
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 upon the acquisition by the
Purchaser of the Class B_ Certificates.
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
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts 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) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, 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
Business Day preceding the next succeeding Distribution Date.
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, the posting, publishing,
filing or delivery of a notice of sale, but not including in
2
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 and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (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 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).
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 adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date 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.
3
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 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, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund 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
provide the Purchaser with a notice (sent by facsimile
transmission) 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
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
4
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
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 Company 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 Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of 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
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company 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). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. 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
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
5
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, 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 Trustee, 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 Scheduled 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 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"), the Purchaser shall remit by wire transfer
in advance to the Trustee 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 as the applicable
Mortgage 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 the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
6
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 previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) 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 Company
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, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, 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, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(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 Company 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
7
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application 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
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
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 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 Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage 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 withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. 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.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation 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. The
Company shall not be required 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
8
Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. 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 Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(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 Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application 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) above and after reimbursement to the Servicer for
all related Monthly Advances) 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 Fund, 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 on the earliest to
occur of the following: (i) at such time as the Class Certificate
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 Company's actual
9
loss experience with respect to the Mortgage Loans in the related
pool) 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 the aggregate book value of REO properties
or (y) the aggregate amount that the Company estimates through
its normal servicing practices 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 Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(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 [or in the Class B5
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 Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) 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 (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). 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 such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
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 to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee 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
11
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 promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor 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. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the
Certificateholders 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 or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee 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 or at its direction the
Trustee for filing of appropriate financing 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
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
12
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 provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
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, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
13
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, 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.
14
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; 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. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it 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 the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
15
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.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
[PURCHASER]
By:______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:_______________________________
Name:
Title:
16
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and State Street Bank and
Trust Company, Trustee, relating to the Company's REMIC
Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: ___________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date: _______________________
______________________________
(signature)
______________________________
(print name)
______________________________
(print title)
2
State of New Jersey )
) ss:
)
On this _________________day of ___________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
______________________________
(Notary Public)
[Notarial Seal]
3
