GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.33 Home Equity Loan Pass-Through Certificates, Series 1996-HE3 EXHIBIT D FORM OF SERVICER'S CERTIFICATE NOVEMBER, 1996 Pursuant to the Pooling and Servicing Agreement dated as of September 1, 1996 (the...
GE CAPITAL MORTGAGE SERVICES, INC. Exhibit #99.33
Home Equity Loan Pass-Through Certificates,
Series 1996-HE3
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
NOVEMBER, 1996
Pursuant to the Pooling and Servicing Agreement dated as of September 1,
1996 (the "Agreement") between GE Capital Mortgage Services, Inc. (the
"Company"), and The First National Bank of Chicago (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 Monthly Payments Due: 1,116,891.77
---------------
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal 155,535.02
---------------
(b) Interest 944,375.63
---------------
(c) Total 1,099,910.65
---------------
(3) Aggregate Principal
Prepayments in part received
on Self-Amortizing Mortgage
Loans and applied in the
applicable Prepayment Period:
(a) Principal 42,124.22
---------------
(c) Total 42,124.22
---------------
(4) Aggregate Principal
Prepayments in full received
in the applicable Prepayment
period:
(a) Principal 696,915.55
---------------
(b) Interest 9,446.02
---------------
(c) Total 706,361.57
---------------
(5) Aggregate Insurance Proceeds
(inculding purchases of
Mortgage Loans by primary
mortgage insurers) for prior
month:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(6) Aggregate Liquidation Proceeds
for prior month:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(7) Aggregate Purchase Prices for
Defaulted Mortgage Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(8) Aggregate Purchase Prices for
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(9) Aggregate Purchase Prices for
for Document Deficiencies per
Sec. 2.02
(a) Principal 0.00
---------------
(b) Interest 0.00
---------------
(c) Total 0.00
---------------
(10) Pool Principal Balance 116,797,048.40
---------------
(11) Available Funds: 1,798,768.19
---------------
(12) Realized Losses for
prior month: 0.00
---------------
(13) Aggregate Realized
Losses: 0.00
---------------
(a) Deficient Valuations 0.00
---------------
(b) Special Hazard Losses 0.00
---------------
(c) Fraud Losses 0.00
---------------
(d) Excess Bankruptcy Losses 0.00
---------------
(e) Excess Special Hazard Losses 0.00
---------------
(f) Excess Fraud Losses 0.00
---------------
(14) Compensating Interest
Payment: 866.09
---------------
(15) Net Simple Interest
Shortfall: 0.00
---------------
(16) Net Simple Interest
Excess: 0.00
---------------
(17) Simple Interest Shortfall
Payment: 0.00
---------------
(18) Unpaid Net Simple Interest
Shortfall:
Class A1 00000XX00 0.00
------------- ---------------
Class A2 00000XX00 0.00
------------- ---------------
Class A3 00000XX00 0.00
------------- ---------------
Class A4 00000XX00 0.00
------------- ---------------
Class A5 00000XX00 0.00
------------- ---------------
Class S 36196HE3S 0.00
---------------
Class M 00000XX00 0.00
---------------
Class B1 00000XX00 0.00
---------------
Class B2 00000XX00 0.00
---------------
Class B3 00000XX00 0.00
---------------
Class B4 00000XX00 0.00
---------------
Class B5 00000XX00 0.00
---------------
(19) Class Certificate Interest
Rate:
Class A5 00000XX00 7.93%
------------- ---------------
Class M 00000XX00 8.25%
------------- ---------------
Class B1 00000XX00 8.25%
------------- ---------------
Class B2 00000XX00 8.25%
------------- ---------------
Class B3 00000XX00 8.25%
------------- ---------------
Class B4 00000XX00 8.25%
------------- ---------------
Class B5 00000XX00 8.25%
------------- ---------------
Class S 36196HE3S 1.99%
------------- ---------------
(20) Accrued Certificate Interest
and Pay-out Rate:
Class A1 00000XX00 213,692.53 6.950%
------------- ---------------------------------
Class A2 00000XX00 70,623.58 6.950%
------------- ---------------------------------
Class A3 00000XX00 144,489.58 7.150%
------------- ---------------------------------
Class A4 00000XX00 142,589.25 7.485%
------------- ---------------------------------
Class A5 00000XX00 72,058.06 7.925%
------------- ---------------------------------
Class S 36196HE3S 194,152.61 1.99%
------------- ---------------------------------
Class M 00000XX00 18,967.42 8.25%
------------- ---------------------------------
Class B1 00000XX00 20,178.12 8.25%
------------- ---------------------------------
Class B2 00000XX00 6,860.57 8.25%
------------- ---------------------------------
Class B3 00000XX00 11,299.74 8.25%
------------- ---------------------------------
Class B4 00000XX00 4,035.63 8.25%
------------- ---------------------------------
Class B5 00000XX00 5,246.31 8.25%
------------- ---------------------------------
Total 904,193.40
(21) Principal distributable:
Class A1 00000XX00 881,594.39
------------- ---------------
Class A2 00000XX00 0.00
------------- ---------------
Class A3 00000XX00 0.00
------------- ---------------
Class A4 00000XX00 0.00
------------- ---------------
Class A5 00000XX00 0.00
------------- ---------------
Class M 00000XX00 3,697.44
------------- ---------------
Class B1 00000XX00 3,933.45
------------- ---------------
Class B2 00000XX00 1,337.38
------------- ---------------
Class B3 00000XX00 2,202.73
------------- ---------------
Class B4 00000XX00 786.69
------------- ---------------
Class B5 00000XX00 1,022.70
------------- ---------------
Class R1 00000XX00 0.00
------------- ---------------
Class R2 00000XX00 0.00
------------- ---------------
Total 894,574.79
(22) Additional distributions to
the Class R1 Certificate
pursuant to Section 2.05 (d): 0.00
---------------
(23) Additional distributions to
the Class R2 Certificate
pursuant to Section 4.01 (b): 0.00
---------------
B. Other Amounts:
1. Senior Percentage for such
Distribution Date 91.707414%
---------------
2. Senior Prepayment Percentage
for such Distribution Date 100.00%
---------------
3. Junior Percentage for such
Distribution Date 8.292586%
---------------
4. Junior Prepayment Percentage
for such Distribution Date 0.00%
---------------
5. Subordinate Certificate Writedown
Amount for such Distribution Date 0.00
6. Prepayment Distribution Triggers
satisfied: Yes No
--- --
Class B1 X
------------------------------------
Class B2 X
------------------------------------
Class B3 X
------------------------------------
Class B4 X
------------------------------------
Class B5 X
------------------------------------
Capitalized terms used in this Certificate shall have the same meanings as in
the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /S/Xxxxxxxxx X. Xxxxxx
-------------------------------------------
Name: Xxxxxxxxx X. Xxxxxx
Title: Assistant Vice President
