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FORM OF MONTHLY STATEMENT
GreenTree Floorplan Receivables Master Trust
Series 1996-1
Pursuant to the Pooling and Servicing Agreement dated as of December 1,
1995 (hereinafter as such agreement may have been or may be from time to time
amended or otherwise modified, the "Pooling and Servicing Agreement"), among
Green Tree Financial Corporation as servicer (the "Servicer"), Green Tree
Floorplan Funding Corp. as transferor (the "Transferor"), and Norwest Bank
Minnesota as trustee (the "Trustee"), as supplemented by the Series 1996-1
Supplement dated as of June 1, 1996 (the Supplement") among the Servicer, the
Transferor and the Trustee, as Servicer is required to prepare certain
information each month regarding current distributions to the Series 1996-1
Certificateholders and the performance of the Green Tree Floorplan Receivables
Master Trust (the "Trust") during the previous month. The information which is
required to be prepared with respect to the performance of the Trust during the
month of July 1998 is set forth below. Certain of the information is presented
on the basis of an original principal amount of $1,000 per Series 1996-1
Certificate (a "Certificate"). Certain other information is presented based on
the aggregate amounts for the Trust as a whole. Capitalized terms used in this
Monthly Statement have their respective meanings set forth in the Pooling and
Servicing Agreement and the Supplement.
A) Information regarding distribution in respect of the Class A
Certificates per $1,000 original certificate principal amount
(1) The total amount of the distribution in respect of Class A
Certificates, per $1,000 original certificate principal amount 10.69
(2) The amount of the distribution set forth in paragraph 1
above in respect of interest on the Class A Certificates, per
$1,000 original certificate principal amount 10.69
(3) The amount of the distribution set forth in paragraph 1
above in respect of principal of the Class A Certificates, per
$1,000 original certificate principal amount 0.00
B) Class A Investor Charge Offs and Reimbursement of Charge Offs
(1) The amount of Class A Investor Charge Offs 0.00
(2) The amount of Class A Investor Charge Offs set forth in
paragraph 1 above, per $1,000 original certificate principal
amount 0.00
(3) The total amount reimbursed in respect of Class A
Investor Charge Offs 0.00
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount 0.00
(5) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount after giving effect to all transactions on
such Distribution Date 0.00
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C) Information regarding distributions in respect of the
Class B Certificates, per $1,000 original certificate
principal amount
(1) The total amount of the distribution in respect of Class B
Certificates, per $1,000 original certificate principal amount 10.79
(2) The amount of the distribution set forth in
paragraph 1 above in respect of interest on the Class B
Certificates, per $1,000 original certificate principal amount 10.79
(3) The amount of the distribution set forth in
paragraph 1 above in respect of principal of the Class B
Certificates, per $1,000 original certificate principal amount 0.00
D) Amount of reductions in Class B Invested Amount pursuant to
clauses (c), (d), and (e) of the definition of Class B
Invested Amount
(1) The amount of reductions in Class B Invested Amount
pursuant to clauses (c), (d), and (e) of the definition of
Class B Invested Amount 0.00
(2) The amount of reductions in the Class B Invested
Amount set forth in paragraph 1 above, per $1,000 original
certificate principal amount 0.00
(3) The total amount reimbursed in respect of such
reductions in the Class B Invested Amount 0.00
(4) The amount set forth in paragraph 3 above, per $1,000
original certificate principal amount 0.00
(5) The amount, if any, by which the outstanding principal
balance of the Class B Certificates exceeds the Class B
Invested Amount after giving effect to all transactions on such
Distribution Date 0.00
Green Tree Financial Corporation, as Servicer
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Senior Vice President and Treasurer
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RECEIVABLES
Beginning of the Month Principal Receivables: 1,577,889,657.13
Removed Principal Receivables: 0.00
Additional Principal Receivables: 37,726,802.05
End of the Month Principal Receivables: 1,587,414,736.81
End of the Month Total Receivables: 1,587,414,736.81
Excess Funding Account Balance 0.00
Aggregate Invested Amount (all Master Trust Series) 1,461,000,000.00
End of the Month Transferor Amount 445,795.75
DELINQUENCIES AND LOSSES ---
RECEIVABLES
End of the Month Delinquencies:
30-60 Days Delinquent 1,309,446.72
61-90 Days Delinquent 545,398.17
90+ Days Delinquent 516,306.48
Total 30+ Days Delinquent 2,371,151.37
Defaulted Accounts During the Month 45,931.05
INVESTED AMOUNTS ---
Class A Initial Invested Amount 7,120,000.00
Class B Initial Invested Amount 320,000.00
Class C Initial Invested Amount 120,000.00
Class D Initial Invested Amount 440,000.00
INITIAL INVESTED AMOUNT 8,000,000.00
Class A Invested Amount 7,120,000.00
Class B Invested Amount 320,000.00
Class C Invested Amount 120,000.00
Class D Invested Amount 440,000.00
INVESTED AMOUNT 8,000,000.00
Class A Adjusted Invested Amount 7,120,000.00
Class B Adjusted Invested Amount 320,000.00
Class C Invested Amount 120,000.00
Class D Invested Amount 686,413.62
ADJUSTED INVESTED AMOUNT 8,246,413.62
MONTHLY SERVICING FEE 13,744.02
INVESTOR DEFAULT AMOUNT 235.79
SERIES 1996-1 INFORMATION
SERIES 1996-1 ALLOCATION PERCENTAGE 0.55%
SERIES 1996-1 ALLOCABLE FINANCE CHARGE 75,871.64
SERIES 1996-1 UNREIMBURSED CHARGE-OFFS 0.00
SERIES 1996-1 ALLOCABLE DEFAULTED AMOUNT 251.50
SERIES 1996-1 MONTHLY FEES 13,744.02
SERIES 1996-1 ALLOCABLE PRINCIPAL COLLECTIONS 2,408,655.84
SERIES 1996-1 REQUIRED TRANSFEROR AMOUNT 329,856.54
FLOATING ALLOCATION PERCENTAGE 0.52%
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INVESTOR FINANCE CHARGE COLLECTIONS 104,099.87
INVESTOR DEFAULT AMOUNT 235.79
PRINCIPAL ALLOCATION PERCENTAGE 0.52%
AVAILABLE PRINCIPAL COLLECTIONS 4,766,698.35
CLASS A FLOATING ALLOCATION 0.45%
CLASS A REQUIRED AMOUNT 0.00
CLASS B FLOATING ALLOCATION 0.02%
CLASS B REQUIRED AMOUNT 0.00
CLASS C FLOATING ALLOCATION 0.00
CLASS D FLOATING ALLOCATION 0.04%
TOTAL EXCESS SPREAD 24,109.62
YIELD AND BASE RATE---
Base Rate (Current Month) 7.43%
Base Rate (Prior Month) 7.40%
Base Rate (Two Months Ago) 7.39%
THREE MONTH AVERAGE BASE RATE 7.41%
Series Adjusted Portfolio Yield (Current Month) 10.09%
Series Adjusted Portfolio Yield (Prior Month) 8.44%
Series Adjusted Portfolio Yield (Two Months Ago) 10.21%
THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO 9.58%
YIELD
PRINCIPAL COLLECTIONS---
CLASS A PRINCIPAL PERCENTAGE 0.45%
Class A Principal Collections 4,116,803.80
CLASS B PRINCIPAL PERCENTAGE 0.02%
Class B Principal Collections 185,024.89
CLASS C PRINCIPAL PERCENTAGE 0.01%
Class C Principal Collections 69,384.33
CLASS D PRINCIPAL PERCENTAGE 0.04%
Class D Principal Collections 395,485.33
AVAILABLE PRINCIPAL COLLECTIONS 4,766,698.35
REALLOCATED PRINCIPAL COLLECTIONS 0.00
SERIES 1996-1 PRINCIPAL SHORTFALL 0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER 0.00
PRINCIPAL SHARING SERIES
ACCUMULATION ---
Controlled Accumulation Amount 0.00
Deficit Controlled Accumulation Amount 0.00
CONTROLLED DEPOSIT AMOUNT 0.00
PRINCIPAL FUNDING ACCOUNT BALANCE 0.00
SHARED PRINCIPAL COLLECTIONS ELIGIBLE FOR OTHER 4,766,934.14
PRINCIPAL SHARING SERIES
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INVESTOR CHARGE OFFS AND REIMBURSEMENTS--
CLASS A INVESTOR CHARGE OFFS 0.00
REDUCTIONS IN CLASS B INVESTED AMOUNT (OTHER THAN 0.00
BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS C INVESTED AMOUNT (OTHER 0.00
THAN BY PRINCIPAL PAYMENTS)
REDUCTIONS IN CLASS D INVESTED AMOUNT (OTHER 0.00
THAN BY PRINCIPAL PAYMENTS)
PREVIOUS CLASS A CHARGE OFFS REIMBURSED 0.00
PREVIOUS CLASS B INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
PREVIOUS CLASS C INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
PREVIOUS CLASS D INVESTED AMOUNT REDUCTIONS REIMBURSED 0.00
Green Tree Financial Corporation, as Servicer
By: /s/ Xxxxxxx X. Xxxxxx
----------------------------------------
Xxxxxxx X. Xxxxxx
Senior Vice President and Treasurer
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