SUBSEQUENT TRANSFER INSTRUMENT NUMBER FOUR
Pursuant to this Subsequent Transfer Instrument (the "Instrument"),
dated February 5, 1997, between Superior Bank FSB, as seller (the "Depositor"),
and LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 1, 1996, among Superior
Bank FSB, as Depositor, Xxx Xxxxxxxxx Company, a Division of Superior Bank FSB,
as Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
Capitalized terms used and not defined herein have their respective
meanings as set forth in the Pooling and Servicing Agreement.
Section 1. Conveyance of Subsequent Mortgage Loans.
(a) The Depositor does hereby sell, transfer, assign, set over and
convey to the Trustee, on behalf of the Trust Fund, without recourse, all of its
right, title and interest in and to the Subsequent Mortgage Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans to be delivered pursuant to Section 2.04 of the
Pooling and Servicing Agreement; provided, however that the Depositor reserves
and retains all right, title and interest in and to amounts (including
Prepayments, Curtailments and Excess Payments) due on the Subsequent Mortgage
Loans on or prior to the related Subsequent Cut-off Date. The Depositor,
contemporaneously with the delivery of this Agreement, has delivered or caused
to be delivered to the Trustee or, if a Custodian has been appointed pursuant to
Section 12.12 of the Pooling and Servicing Agreement, to the Custodian each item
set forth in Section 2.04 of the Pooling and Servicing Agreement. The transfer
to the Trustee by the Depositor of the Subsequent Mortgage Loans identified on
the Mortgage Loan Schedule shall be absolute and is intended by the Depositor,
the Servicer, the Trustee and the Certificateholders to constitute and to be
treated as a sale by the Depositor to the Trust Fund.
(b) The expenses and costs relating to the delivery of the Subsequent
Mortgage Loans, this Instrument and the Pooling and Servicing Agreement shall be
borne by the Depositor.
(c) Additional terms of the sale are set forth on Attachment A hereto.
1
Section 2. Representations and Warranties; Conditions Precedent.
(a) The Depositor hereby affirms the representations and warranties
set forth in Section 3.02 of the Pooling and Servicing Agreement that relate to
the Subsequent Mortgage Loans as of the date hereof. The Depositor hereby
confirms that each of the conditions set forth in Section 2.10(b), and as
applicable, Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing
Agreement are satisfied as of the date hereof.
(b) All terms and conditions of the Pooling and Servicing Agreement
are hereby ratified and confirmed; provided, however, that in the event of any
conflict the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.
Section 3. Recordation of Instrument.
To the extent permitted by applicable law, this Instrument, or a
memorandum thereof if permitted under applicable law, is subject to recordation
in all appropriate public offices for real property records in all of 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 Servicer
at the Certificateholders' expense on direction of the related Majority
Certificateholders, but only when accompanied by an Opinion of Counsel to the
effect that such recordation materially and beneficially affects the interests
of the Certificateholders or is necessary for the administration or servicing of
the Mortgage Loans.
Section 4. Governing Law.
This Instrument 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, without giving
effect to principles of conflicts of law.
Section 5. Counterparts.
This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.
2
Section 6. Successors and Assigns.
This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.
SUPERIOR BANK FSB
By:/s/ Xxxxxxx Xxxxxxx
-------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1996-4
By: LASALLE NATIONAL BANK,
as Trustee
By:/s/ Xxxxxxx Xxxx
-------------------------------
Name: Xxxxxxx Xxxx
Title: Vice President
Attachments
A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
C. Opinions of Depositor's counsel (bankruptcy, corporate).
X. Xxxxxxxxx's Officer's certificate.
E. Opinion of Trustee's Counsel.
3
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER FOUR FOR SUB-POOL 1
Series 1996-4
February 5, 1997
A.
1. Subsequent Cut-off Date: February 4, 1997
2. Pricing Date:
3. Subsequent Transfer Date: February 5, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $3,955,699.82
5. Purchase Price: 100.00%
B.
As to all the Subsequent Mortgage Loans the subject of this Instrument:
1. Shortest original term to maturity: 120 months
2. Longest original term to maturity: 360 months
3. Lowest Mortgage Rate: 9.55%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $525,000.00
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: ____ months
7. January 1997 first payment date: ____
8. WAC of all Mortgage Loans: ________%
9. WAM of all Mortgage Loans: ______ months
10. Maximum Weighted average CLTV: _____%
11. Balloon Loans: _____%
12. Largest Principal Balance: $__________
13. Non-owner occupied Mortgaged Properties: ____%
14. Maximum zip code concentration: ____%
15. Condominiums: ____%
16. Single-family: _____%
17. Multifamily and Mixed Use Properties: ____%
4
ADDITION NOTICE
Date: February 5, 1997
LaSalle National Bank
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Pooling and Servicing Agreement, dated as of December 1, 1996,
between Superior Bank FSB, as seller (the "Depositor"), LaSalle
National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx
Company, a division of the Depositor, as servicer, relating to
AFC Mortgage Loan Asset Backed Certificates, Series 1996-4
Sub-Pool 1
Ladies and Gentlemen:
Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on February 5, 1997, with an aggregate principal balance of
$4,000,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.
Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.
Very truly yours,
*Approximate
SUPERIOR BANK FSB
By:/s/ Xxxx Xxxxxxxxx
--------------------------
Name: Xxxx X. Xxxxxxxxx
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By:/s/ Xxxxxxx Xxxx
---------------------
Name: Xxxxxxx Xxxx
Title: Vice President
Date: February 5, 1997
OFFICER'S CERTIFICATE
I, Xxxxxxx Xxxxxxx hereby certify that I am the duly elected Senior
Vice President and Chief Financial Officer of Superior Bank FSB, a federally
chartered stock savings bank (the "Depositor"), and further, to the best of my
knowledge and after due inquiry, as follows:
Each condition precedent specified in Section 2.10(b), Section 2.10(c)
and Section 2.10(d) for the Subsequent Mortgage Loans of the Pooling and
Servicing Agreement, dated as of December 1, 1996, among the Depositor, Xxx
Xxxxxxxxx Company, a division of Superior Bank FSB, and LaSalle National
Bank, as Trustee (the "Pooling and Servicing Agreement") and each condition
precedent specified in Subsequent Transfer Instrument has been satisfied by
the Depositor.
Capitalized terms not otherwise defined herein have the meanings set
forth in the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, I have hereunto signed my name.
Dated: February 5, 1997 By:/s/ Xxxxxxx Xxxxxxx
-------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
Alliance Funding Company Page 1 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
Zip
Sale ID Account Name Address City State Code
------------------------------------------------------------------------------------------------------------------------------------
SB53 10266134742 XXXXXXXXXXXXX XXXXX N 00000 XXXXXXXXX XX XXXXXXXXXX XX 00000
SB53 10266134862 XXX XXXXX X XX 00000 XXXXX XXXX XXXXXXXXXX XX 00000
SB53 10266134975 XXXXX XXXXXX A 0000 XXXXXX XX XXXXXXXXXX XX 00000
SB53 10266135121 XXXXXX XXXXX 0000 X 00XX XXXXXX XXXXX XX 00000
SB53 10266135951 XXXXXXX XXXXXXX 579 EAST 000 XXXXX XXXXXXXXX XX 00000
SB53 10266136430 XXXXXXXX XXXXX L 000 XXXXXXXX XXXXXX XXXXX XXXX XX XXX XX 00000
SB53 10266136527 XXXXXXX XXXXXXX X 000 XXXXXX XXXXXX, X.X. WARREN OH 44483
SB53 10266137797 XXXXXXX XXXXXXXX 7817 S XXXXXXXXX CHICAGO IL 60649
SB53 10266138508 XXXXXXXXXXXX XXXXXX R 000 XXXXXX X XXXXXXXX XX 00000
SB53 10266138868 XXXXXXXX XXXXX 0000 X XXXXX XXXXXX XXXXXXXXXXXX IN 46221
SB53 10266139237 XXXXXX XXXXX M 0000 X. XXXXXX XX. INDIANAPOLIS IN 46241
SB53 10266139561 XXXXXXX XXXX 000 XXXXXXX XXXXXX XXXXXXXXXX XXXX XX 00000
SB53 10266139905 XXXXXXXXX XXXX D 000 XXXX 0000 XXXXX #000 XXXXX XX 00000
SB53 10266140129 XXXXXX XXXXX 0000 XXXX XXXXXX XXXXX XX 00000
SB53 10266140560 XXXXX XXXXXX E 1964 NORTH 000 XXXX XXXXXXXXXXX XX 00000
-----------------------------------------
15 Sale Total
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------------------------------------------------------------------------------------------------------------------------------------
SB53 10266134742 41,000.00 40,905.62 11/28/96 10/28/11 176.75 01/28/97 74.8 13.500 532.31
SB53 10266134862 85,000.00 84,990.92 12/06/96 11/06/16 237.04 02/06/97 79.0 10.400 842.92
SB53 10266134975 30,000.00 30,000.00 12/18/96 11/18/11 177.44 02/18/97 90.0 11.550 298.23
SB53 10266135121 12,000.00 12,000.00 12/06/96 11/06/11 177.04 01/06/97 63.9 12.500 147.90
SB53 10266135951 30,000.00 30,000.00 01/20/97 12/20/11 178.49 02/20/97 29.4 12.000 360.05
SB53 10266136430 25,100.00 24,811.02 01/24/97 12/24/11 178.62 03/24/97 50.2 12.000 301.24
SB53 10266136527 34,000.00 34,000.00 01/19/97 12/19/16 238.45 02/19/97 85.0 10.000 328.11
SB53 10266137797 55,000.00 55,000.00 02/01/97 01/01/12 178.88 02/01/97 45.8 11.500 642.50
SB53 10266138508 18,488.00 18,488.00 01/09/97 12/09/06 118.13 01/09/97 90.0 11.700 262.05
SB53 10266138868 30,100.00 30,082.58 12/27/96 11/27/26 357.73 02/27/97 70.0 10.000 264.15
SB53 10266139237 53,900.00 53,660.82 01/11/97 12/11/11 178.19 02/11/97 70.0 10.750 604.19
SB53 10266139561 30,000.00 30,000.00 01/09/97 12/09/06 118.13 01/09/97 84.3 12.250 434.76
SB53 10266139905 66,300.00 66,190.85 02/01/97 01/01/27 358.88 03/01/97 65.0 9.600 562.33
SB53 10266140129 69,300.00 69,300.00 01/27/97 12/27/26 358.72 02/27/97 90.0 11.500 686.27
SB53 10266140560 45,100.00 45,030.14 01/24/97 12/24/11 178.62 02/24/97 84.8 13.350 581.05
---------------------------------------- ---------- ------------------------------
15 625,288.00 624,459.95 232.62 72.4 11.302 6,848.06
Alliance Funding Company Page 2 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
Zip
Sale ID Account Name Address City State Code
------------------------------------------------------------------------------------------------------------------------------------
SBC54 10268000805 XXXXXX XXXXX 000 XXXXXX XXXXXX XXXXXX XXXXXX XX 00000
SBC54 10268000958 XXXXXXXXX XXXXXXX 0000 XXXXXXXXX 000 XXXXXX XXXXXXXXXX XX 00000
SBC54 10268001129 XXXXXXXXXX XXXXXXX X 000 XXXXXXXXXXXX XXXXXX XXXXXX XXXXXX XX 00000
XXX00 10268002721 XXXX XXXXXX W 0000 XXXXXXX XXXX XXX XXXXXXXX XXXX XX 00000
SBC54 10268002755 XXXXXXXX XXXXXXX P 00 XXXXXXXX XX XXXXXX XXXXX XX 00000
SBC54 10268003126 XXXXXX XXXXXXX X 0000 XXXXXXXXX XXX XXXXXX XXXXX XX 00000
SBC54 10268003294 XXXXXX XXXXXXXX 000 XXX 00 XX XXXXXXXX XX 00000
SBC54 10268003322 XXXXXX XXXXX F 000 XXXXXXXXXX XX XXXXXXXXXX XX 00000
SBC54 10268003423 XXXXXXXX XXXXX 00 XXXXXX XXXX XX XXXXXX XX 00000
SBC54 10268003875 XXXXXXXX XXXX 000 XXXXXXX XX XXXXXXXX XXXXXX XX 00000
SBC54 10268004322 XXXXXXX XXX 00 XXXXX XX XXXXXXXXXXXX XX 00000
SBC54 10268005002 XXXXX XXXXXXX X 0000 XXXXXX XXXXXX XXXXXXXX XX 00000
SBC54 10268005137 XXXXX XXXXXXX 00 XXXXXXX XXXXXXXXX XXXX XXXXXXX XX 00000
SBC54 10268005408 XXXXXX XXXXX P 0000 X 00XX XXXXXX XXXXXXXX XX 00000
XXX00 00000000000 XXXXXX XXXX E 000 XXXXX XXXXXXXX XXXX XXXXXXXXX XX 00000
SBC54 10268006024 XXXXXX XXXXX 000 XXXXXX XX XXXXXXXXX XX 00000
SBC54 10268006466 XXXX XXXXXXXXX M 0000 XXXXXX XXX XX XXXXXXXXXX XX 00000
SBC54 10268006983 XXXXX XXXXXXX M 0000 XXXXXXXX XX XX XXXX XX 00000
SBC54 10268007143 XXXXXX XXXXXXXXXXX 000 XXXXXXX XXX XXXXXXXXX XX 00000
SBC54 10268007208 XXXXXXXXXX XXXXX G 000 XXXXX XX XXXXX XX 00000
SBC54 10268007278 XXXXX XXXXXXX ROUTE 4, BOX 175 QUINCY FL 32351
SBC54 10268007294 XXXXX XXXXX C 00 XXXXXXX XX XXXXXXXX XX 00000
SBC54 10268007344 XXXXXX XXXXXXX 000 XXXX XXXXXX XXXXXX XXX XXXXXX XX 00000
XXX00 00000000000 XXXXXXXX XXXXXXXX XXXXX 000 XXXX XXXXXX XXXXXXXXXX XX 00000
SBC54 10268007666 XXXXX XXXXXX 0000 XXXXX XXX XXXX XXXXXX XX 00000
SBC54 10268007668 XXXXXXX XXXX 0000 XXXX XXXXXXXXXX XXXXX XXXX XXXXXX XX 00000
SBC54 10268007862 XXXXX XXXXX A 8242 SILVER RUN CT PASADENA MD 21122
SBC54 10268007902 XXXXX XXXXX X 000 XXXXXXXX XXXXX XXXXXX XX 00000
SBC54 10268007912 XXXXXX S XXXXX 000 XXX XXXXX XX XXXXXX XX 00000
SBC54 10268007918 XXXXXXXX XXXXX XXXX 0000 XXXXX 00XX XXXXXXX XXXXXXXXX XX 00000
SBC54 10268007962 XXXXX XXXX 00000 00XX XXX XXXXXXXX XX 00000
SBC54 10268007983 XXXXXXXXX XXXXX 00 XXXXXX XXXX XXXX XXXX XXXXX XX 00000
SBC54 10268008012 XXXXXX XXXX 0000 XXXXXX XX XXXXXXXX XX 00000
SBC54 10268008045 XXXXXXXX XXXXXXXX 0000 XXXX XX XXXXX XX 00000
SBC54 10268008172 XXXXX XXXXXX 00 0XX XXX XXXXXXXX XX 00000
SBC54 10268008191 XXXXX XXX 0000 XXXXXXXXX XX XXXXXXXXXXXX XX 00000
SBC54 10268008194 XXXXX XXXXXXX S 000 X 00XX XX XXXXXXXXXXXX XX 00000
SBC54 10268008276 XXXXXXXX XXX J 3405 SE 4TH PL CAPE CORAL FL 33904
SBC54 10268008384 XXXXXXXX XXXXXXX 000 XXXXX XXXX XXX XXXXXXXXXX XX 00000
SBC54 10268008520 XXXXXXXXXX XXXXXX G 0000 XXXXX XX XXXXXXXXX XX 00000
SBC54 10268008530 XXXXXXXXX XXXXXX L 0000 XXXXXXXXX XX XXXX XXXXXX XX 00000
SBC54 10268008552 XXXXX XXXXXX 0000 XXXXXXXX XX XXXX X XXXXX XX 00000
SBC54 10268008580 XXXXXX XXXXXX X XX 0 XXXX BOX 73B LIGONIER PA 15658
SBC54 10268008651 NINE XXXXXXX 000 XXXXX XX XX XXXXXXXXXX XX 00000
-----------------------------------------
44 Sale Total
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------------------------------------------------------------------------------------------------------------------------------------
SBC54 10268000805 57,600.00 57,600.00 12/08/96 11/08/11 177.11 01/08/97 79.9 13.950 680.21
SBC54 10268000958 48,000.00 47,981.17 11/01/96 10/01/11 175.86 02/01/97 84.4 13.700 557.36
SBC54 10268001129 100,000.00 100,000.00 12/18/96 11/18/11 177.44 02/18/97 47.8 12.450 1,063.38
SBC54 10268002721 30,000.00 29,638.81 11/24/96 10/24/06 116.61 02/24/97 90.0 11.550 422.64
SBC54 10268002755 90,000.00 90,000.00 01/19/97 12/19/11 178.45 01/19/97 90.0 11.050 860.49
SBC54 10268003126 22,313.00 22,274.32 11/18/96 10/18/11 176.42 01/18/97 80.0 13.500 289.69
SBC54 10268003294 66,000.00 66,000.00 11/17/96 10/17/11 176.38 01/17/97 84.9 13.350 850.32
SBC54 10268003322 49,200.00 49,200.00 12/06/96 11/06/11 177.04 02/06/97 80.9 13.750 573.24
SBC54 10268003423 21,400.00 21,385.22 12/20/96 11/20/16 237.50 02/20/97 89.4 11.950 234.89
SBC54 10268003875 28,000.00 27,865.13 12/25/96 11/25/11 177.67 02/25/97 80.9 13.750 368.20
SBC54 10268004322 37,000.00 36,970.68 01/16/97 12/16/11 178.36 02/16/97 29.6 9.550 387.48
SBC54 10268005002 52,000.00 51,568.13 01/02/97 12/02/06 117.90 03/02/97 87.7 10.990 716.01
SBC54 10268005137 132,000.00 132,000.00 12/25/96 11/25/11 177.67 01/25/97 77.3 13.100 1,470.51
SBC54 10268005408 59,400.00 59,263.46 01/11/97 12/11/11 178.19 02/11/97 89.8 11.150 680.74
SBC54 10268005440 70,450.00 70,299.31 01/16/97 12/16/11 178.36 02/16/97 61.2 10.500 778.75
SBC54 10268006024 20,100.00 20,088.44 01/19/97 12/19/11 178.45 02/19/97 90.0 11.750 238.01
SBC54 10268006466 50,000.00 50,000.00 02/01/97 01/01/12 178.88 03/01/97 90.0 11.350 489.43
SBC54 10268006983 40,000.00 40,000.00 02/01/97 01/01/12 178.88 02/01/97 42.7 10.850 376.40
SBC54 10268007143 170,000.00 169,876.01 02/01/97 01/01/17 238.88 03/01/97 80.6 10.750 1,725.89
SBC54 10268007208 30,000.00 29,636.25 01/16/97 12/16/11 178.36 03/16/97 84.9 12.750 374.65
SBC54 10268007278 36,800.00 36,800.00 01/20/97 12/20/16 238.49 02/20/97 80.0 13.250 437.71
SBC54 10268007294 30,000.00 29,747.14 01/26/97 12/26/11 178.68 02/26/97 83.9 10.990 340.79
SBC54 10268007344 17,428.00 17,366.41 01/23/97 12/23/06 118.59 02/23/97 57.1 9.600 226.47
SBC54 10268007347 93,500.00 93,441.40 01/23/97 12/23/11 178.59 02/23/97 88.2 12.250 979.78
SBC54 10268007666 21,750.00 21,750.00 02/01/97 01/01/17 238.88 02/01/97 85.3 12.150 241.76
SBC54 10268007668 48,800.00 48,794.98 01/17/97 12/17/11 178.39 02/17/97 84.7 11.950 500.09
SBC54 10268007862 123,600.00 123,600.00 01/26/97 12/26/26 358.68 01/26/97 60.0 10.000 1,084.68
SBC54 10268007902 35,000.00 35,000.00 01/24/97 12/24/11 178.62 01/24/97 89.3 11.350 405.53
SBC54 10268007912 48,250.00 48,250.00 01/18/97 12/18/16 238.42 02/18/97 89.6 11.550 516.22
SBC54 10268007918 55,000.00 55,000.00 02/01/97 01/01/27 358.88 02/01/97 74.3 10.850 517.55
SBC54 10268007962 81,700.00 81,700.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.500 1,006.97
SBC54 10268007983 29,500.00 29,500.00 01/24/97 12/24/11 178.62 02/24/97 59.0 14.000 349.54
SBC54 10268008012 20,000.00 19,922.56 01/18/97 12/18/16 238.42 02/18/97 77.1 9.900 191.68
SBC54 10268008045 22,300.00 22,300.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.750 278.49
SBC54 10268008172 95,000.00 94,428.81 01/26/97 12/26/26 358.68 02/26/97 67.8 12.000 977.18
SBC54 10268008191 24,500.00 24,500.00 02/01/97 01/01/12 178.88 02/01/97 46.2 11.500 286.21
SBC54 10268008194 20,000.00 20,000.00 02/01/97 01/01/12 178.88 02/01/97 50.0 11.750 236.83
SBC54 10268008276 36,250.00 36,250.00 01/23/97 12/23/11 178.59 01/23/97 85.0 12.750 452.70
SBC54 10268008384 26,660.00 26,660.00 02/01/97 01/01/12 178.88 02/01/97 84.9 12.750 332.94
SBC54 10268008520 59,500.00 59,500.00 01/26/97 12/26/11 178.68 01/26/97 85.0 10.000 522.15
SBC54 10268008530 50,000.00 50,000.00 02/01/97 01/01/12 178.88 02/01/97 76.0 10.300 546.52
SBC54 10268008552 16,400.00 16,347.76 02/01/97 01/01/12 178.88 03/01/97 89.9 11.550 192.10
SBC54 10268008580 44,000.00 44,000.00 02/01/97 01/01/17 238.88 02/01/97 80.0 12.600 503.01
SBC54 10268008651 100,000.00 100,000.00 01/26/97 12/26/26 358.68 02/26/97 76.6 12.650 1,078.91
---------------------------------------- ---------- ------------------------------
44 2,309,401.00 2,306,505.99 214.23 76.5 11.826 25,344.10
Alliance Funding Company Page 3 2/5/97
A division of Superior Bank FSB
Sale Schedule
1996-4 Class 1 - 4th Subsequent Transfer of Fixed Rate Mortgages -
Settlement 2/5/97
Zip
Sale ID Account Name Address City State Code
------------------------------------------------------------------------------------------------------------------------------------
SBCL12 10266135108 MUIS REALTY CORP 00 XXXXXXXX XXXXXX XXX XXXX XX 00000
SBCL12 10266136959 INC XXXXX DRIVE REALTY 17 19 21 22 23 24 26 28 XXXXX SARATOGA SPRINGS NY 12170
-----------------------------------------
2 Sale Total
61 Total with Superior Bank
61 Grand Total
Principal Cut-off Date First Original Current Scheduled
Balance at Principal Payment Maturity Rem Date LTV Mortgage Payment
Sale ID Account Origination Balance Date Date Term Due Ratio Rate Int & Prin
------------------------------------------------------------------------------------------------------------------------------------
SBCL12 10266135108 525,000.00 525,000.00 02/01/97 01/01/12 178.88 02/01/97 65.8 11.990 5,525.55
SBCL12 10266136959 500,000.00 499,733.88 02/01/97 01/01/12 178.88 03/01/97 50.0 12.000 5,266.12
---------------------------------------- ---------- ------------------------------
2 1,025,000.00 1,024,733.88 178.88 58.1 11.995 10,791.67
61 3,959,689.00 3,955,699.82 207.98 71.1 11.787 42,983.83
61 3,959,689.00 3,955,699.82 207.98 71.1 11.787 42,983.83
