EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of April 1, 1997
REMIC Multi-Class Pass-Through Certificates,
Series 1997-4
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............................. 40
2.02. Acceptance by Trustee.................................... 43
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 45
2.04. Execution of Certificates................................ 51
2.05. Designations under the REMIC Provisions.................. 51
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 52
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account....... 57
3.03. Collection of Taxes, Assessments and Other Items......... 61
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 61
3.05. Maintenance of the Primary Insurance Policies............ 62
3.06. Maintenance of Hazard Insurance.......................... 63
3.07. Assumption and Modification Agreements................... 64
3.08. Realization Upon Defaulted Mortgage Loans................ 65
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 68
3.10. Servicing Compensation; Payment of Certain
Expenses by the Company................................. 69
3.11. Reports to the Trustee; Certificate Account
Statements.............................................. 70
3.12. Annual Statement as to Compliance........................ 70
3.13. Annual Independent Public Accountants'
Servicing Report........................................ 70
3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans................ 71
3.15. Maintenance of Certain Servicing Policies................ 71
3.16. Optional Purchase of Defaulted Mortgage Loans............ 71
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Section Page
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 72
4.02. Method of Distribution................................... 79
4.03. Allocation of Losses..................................... 80
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.......................................... 82
4.05. Statements to Certificateholders......................... 83
4.06. Servicer's Certificate................................... 86
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property...................................... 86
4.08. Reduction of Servicing Fees by Compensating
Interest Payments....................................... 86
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 87
5.02. Registration of Transfer and Exchange
of Certificates......................................... 89
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 96
5.04. Persons Deemed Owners.................................... 97
5.05. Access to List of Certificateholders'
Names and Addresses..................................... 97
5.06. Representation of Certain Certificateholders............. 97
5.07. Determination of COFI.................................... 98
5.08. Determination of LIBOR................................... 99
ARTICLE VI
THE COMPANY
6.01. Liability of the Company.................................100
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company.............................100
6.03. Assignment...............................................101
6.04. Limitation on Liability of the Company and Others........101
6.05. The Company Not to Resign................................102
ARTICLE VII
DEFAULT
7.01. Events of Default........................................102
7.02. Trustee to Act; Appointment of Successor.................104
7.03. Notification to Certificateholders.......................105
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Section Page
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................105
8.02. Certain Matters Affecting the Trustee....................107
8.03. Trustee Not Liable for Certificates or
Mortgage Loans..........................................108
8.04. Trustee May Own Certificates.............................108
8.05. The Company to Pay Trustee's Fees and Expenses...........108
8.06. Eligibility Requirements for Trustee.....................109
8.07. Resignation or Removal of Trustee........................109
8.08. Successor Trustee........................................110
8.09. Merger or Consolidation of Trustee.......................111
8.10. Appointment of Co-Trustee or Separate Trustee............111
8.11. Compliance with REMIC Provisions; Tax Returns............113
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................113
9.02. Additional Termination Requirements......................115
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................115
10.02. Recordation of Agreement................................117
10.03. Limitation on Rights of Certificateholders..............117
10.04. Governing Law...........................................118
10.05. Notices.................................................118
10.06. Notices to the Rating Agencies..........................119
10.07. Severability of Provisions..............................119
10.08. Certificates Nonassessable and Fully Paid...............119
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Exhibits
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
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THIS POOLING AND SERVICING AGREEMENT, dated as of
April 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: Any Class A6
Certificate.
Accretion Directed Component: None.
Accretion Termination Date: The earlier to occur of
(i) the Distribution Date on which the Class Certificate
Principal Balance of the Class A6 Certificates has been
reduced to zero and (ii) the Cross-Over Date.
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: Any Class A7 Certificate.
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 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 (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, 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 any Specified Components, the aggregate of Accrued
Certificate Interest on such Specified Components thereof
for such Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and Class of Certificates consisting of
Specified Components) and any Specified 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 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.
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(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 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 May of each year that the Certificates are
outstanding, commencing in May 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
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Loans, Defaulted Mortgage Loans, and Modified Mortgage
Loans deposited in the Certificate Account on the Business Day
preceding such Distribution Date (including any amounts
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, and (y) amounts permitted to be
debited from the Mortgage Loan Payment Record pursuant to
clauses (i) through (vii) 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 $100,000, 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 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 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).
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Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates) or any Component, any amount
by which the amount distributed to Holders of such Class of
Certificates or in respect of such 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) on such Distribution Date is less
than the Accrued Certificate Interest thereon for such
Distribution 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: April 29, 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
definition thereof with respect to such Distribution Date;
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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: Any of the components of a Class of
Component Certificates having the designations and the
initial Component Principal Balances as follows:
Initial Component
Designation Principal Balance
Class A8A $ 30,286,000.00
Class A8B 25,581,000.00
Component Certificate: Any Class A8 Certificate.
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).
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Cut-off Date: April 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
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
9
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 assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: None.
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 7.50% 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.
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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) 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 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.
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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.
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
12
Cut-off Date, an amount equal to $10,521,029 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
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) 1.00% 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 Excess Amount: As set forth in the definition
of Group I Senior Optimal Principal Amount.
Group I Final Distribution Date: The Distribution Date
on which the Group I Senior Certificate Principal Balance is
reduced to zero.
Group I Scheduled Distribution Percentage: As to any
Distribution Date prior to May 2002, the Senior Percentage
for such Distribution Date. For any Distribution Date
occurring on or after May 2002, the Group I Senior
Percentage for such Distribution Date.
Group I Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4, Class A5, Class A6, Class A7, Class A8,
Class A9, Class A10, Class A11 or Class R Certificate.
Group I Senior Certificate Principal Balance: As to
any Distribution Date, an amount equal to the sum of the
Class Certificate Principal Balances of the Group I Senior
Certificates.
Group I Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Group I Scheduled Distribution 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
13
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 Group I Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part received during the related
Prepayment Period, together with the Group I
Senior 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 lesser of (x) the Group I Scheduled
Distribution 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 Group I Scheduled Distribution
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 Group I 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 Group I 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 Group I 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.
14
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. If
on the Group I Final Distribution Date the Group I Senior
Optimal Principal Amount exceeds the amount necessary to
reduce the Group I Senior Certificate Principal Balance to
zero, then the Group I Senior Optimal Principal Amount
shall be reduced by an amount equal to such excess (the
"Group I Excess Amount") and the Group II Senior Optimal
Principal Amount shall be increased by the Group I Excess
Amount.
Group I 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
Group I Senior Certificate Principal Balance immediately
prior to such Distribution Date by an amount equal to the
sum of the Class Certificate Principal Balances of all the
Certificates other than the Class PO Certificates
immediately prior to such Distribution Date.
Group I Senior Prepayment Percentage: As to any
Distribution Date, the Senior Prepayment Percentage minus
the Group II Senior Prepayment Percentage for such
Distribution Date.
After the Group I Senior Certificate Principal Balance has
been reduced to zero, the Group I Senior Prepayment
Percentage shall be zero.
Group II Scheduled Distribution Percentage: As to any
Distribution Date, the Senior Percentage minus the Group I
Scheduled Distribution Percentage for such Distribution
Date; except that, on any Distribution Date after the Group
I Final Distribution Date, the Group II Scheduled
Distribution Percentage shall equal the Senior Percentage.
Group II Senior Certificate: Any Class A12
Certificate.
Group II Senior Certificate Principal Balance: As
of any Distribution Date, an amount equal to the Class
Certificate Principal Balance of the Group II Senior
Certificates.
Group II Senior Optimal Principal Amount: As to
any Distribution Date, an amount equal to the sum of:
(i) the Group II Scheduled Distribution 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
15
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 Group II Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part received during the related
Prepayment Period, together with the Group II
Senior Prepayment Percentage of the 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 amount by which (a) 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 exceeds
-------
(b) the amount distributable pursuant to clause
(iii) of the definition of Group I Senior Optimal
Principal Amount;
(iv) the Group II Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan which was
16
purchased on such Distribution Date pursuant to
Section 2.02, 2.03(a) or 3.16; and
(v) the Group II 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. On
the Group I Final Distribution Date, the Group II Senior
Optimal Principal Amount shall be increased by the Group I
Excess Amount, if any.
Group II Senior Percentage: As to any Distribution
Date, the Senior Percentage minus the Group I Senior
Percentage.
Group II Senior Prepayment Percentage: For any
Distribution Date occurring prior to the fifth anniversary
of the first Distribution Date, 0.00%.
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 April
2002 to and including the Distribution Date in
April 2003, 30% of the Group II Senior Percentage
for such Distribution Date;
(ii) for any Distribution Date subsequent to April
2003 to and including the Distribution Date in
April 2004, 40% of the Group II Senior Percentage
for such Distribution Date;
(iii) for any Distribution Date subsequent to April
2004 to and including the Distribution Date in
April 2005, 60% of the Group II Senior Percentage
for such Distribution Date;
(iv) for any Distribution Date subsequent to April
2005 to and including the Distribution Date in
April 2006, 80% of the Group II Senior Percentage
for such Distribution Date; and
(v) for any Distribution Date thereafter, the Group
II Senior Percentage for such Distribution Date.
17
provided that on any Distribution Date following the Group I
Final Distribution Date, the Group II Senior Prepayment
Percentage will equal the Senior Prepayment Percentage for such
Distribution Date.
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), 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.
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
18
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
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
19
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 each of the definitions of Group I
Senior Optimal Principal Amount and Group II
Senior Optimal Principal Amount 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.
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.
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.
20
Latest Possible Maturity Date: May 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 Certificate: 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
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).
21
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.
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.
22
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.
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 7.50% 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 7.50%. As to any
Non-Discount Mortgage Loan, 100%.
23
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
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
24
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: Any Class A1 Certificate.
PAC Component: The Class A8A Component.
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 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
25
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
(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.
26
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 7.50% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
7.50%. 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;
(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
27
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.
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
28
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
Cutoff 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.
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
29
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 April 21, 1997.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-36, 55 Fed. Reg.
25903, June 25, 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 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
30
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 Moody's;
except that for purposes of the Class B2, Class B3 and
Class B4 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.
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).
31
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 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.
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,
32
the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Certificate other than a
Junior Certificate or a 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 the Group
I Senior Optimal Principal Amount for such date and the
Group II Senior Optimal Principal Amount for such date.
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 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 April
2002 to and including the Distribution Date in
April 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 April
2003 to and including the Distribution Date in
April 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 April
2004 to and including the Distribution Date in
April 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 April 2005
to and including the Distribution Date in April
33
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, 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
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 May 2002 and April
2003, (b) 35% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and
including May 2003 and April 2004, (c) 40% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including May
2004 and April 2005, (d) 45% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including May 2005 and April
2006 and (e) 50% of the Original Subordinate Principal
Balance if such Distribution Date occurs during or
after May 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
34
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 May 2002 and April 2003, (b) 15% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including May
2003 and April 2004, (c) 20% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including May 2004 and April
2005, (d) 25% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and
including May 2005 and April 2006, and (e) 30% of the
Original Subordinate Principal Balance if such
Distribution Date occurs during or after May 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.
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
35
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 $3,507,010 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have 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.
36
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) 7.50%; 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.
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
37
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: Any Class A2, Class A3, Class A4,
Class A5, Class A6 and Class A7 Certificate.
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
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 Xxxxx'x 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
38
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
(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.
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) or any Component
(other than any Principal Only Component), the amount, if
any, by which the aggregate of the Class Interest Shortfalls
for such Class or 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 Component (or added to the Class
39
Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of any
Accrual Component) pursuant to Section 4.01(a)(ii), in the
case of the Senior Certificates (other than any Class of
Principal Only Certificates), and any 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.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
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, 99% of all Voting
Rights shall be allocated to the Certificates other than
the Class S Certificates and 1% 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).
40
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
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
With respect to each Designated Loan, the Company does hereby
deliver to the Trustee the Designated Loan Closing Documents.
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, within 45 days of
the Closing Date the Company shall deliver to the Trustee either (a)
the documents referred to in clauses (i) and (ii) of the second
preceding paragraph, provided that if the Company cannot locate
such documents in the form initially executed by the Mortgagor
and the obligor under any assumption and modification agreement,
then it shall use reasonable efforts to obtain, and may deliver,
new documents executed by such parties evidencing their
obligations under the initial documents or (b) an Opinion of
Counsel satisfactory to the Trustee from counsel admitted to
practice in the jurisdiction in which the related Mortgaged
Property is located to the effect that the absence of the
original Mortgage Note or assumption and modification agreement,
as the case may be, will not preclude the Company as servicer
from initiating or prosecuting to completion any foreclosure
proceeding with respect to such Mortgaged Property. If such
documents are not so delivered within 45 days of the Closing
Date, the Company will use its best reasonable efforts (and the
Trustee will have no obligation to inquire as to such efforts) to
substitute another Mortgage Loan for such Designated Loan on the
41
next succeeding Distribution Date pursuant to Section 2.03(b). If
the Company is unable to effect such substitution, it shall
repurchase such Designated Loan on such Distribution Date
pursuant to Section 2.03(a).
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
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
42
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
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
43
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 (x) the Mortgage Notes
and the assumption and modification agreements, if any, or (y) an
Opinion of Counsel described in the fourth paragraph of Section
2.01, as applicable, 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
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
44
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 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;
45
(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, in either case, in a form
acceptable to FNMA or FHLMC, 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
the Cut-off Date, no more than 27.75% 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
46
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 7.125% per annum and not greater
than 10.250% 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, no more than 15.50% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $400,000;
(xv) As of the Cut-off Date, no more than 1.00% 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 97.25% 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;
(xvii) As of the Cut-off Date, at least 93.75% 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 3.50% 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
47
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 1.25% 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 $28,850 to $1,000,000;
(xxii) As of the Cut-off Date, no more than 2.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes, and no more than 0.50% of the Mortgage
Loans by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals are on forms acceptable to either
FNMA or FHLMC, including information regarding three
comparable properties;
(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
48
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
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
49
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
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
50
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.
(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.
51
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 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);
52
(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
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
53
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.
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
54
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.
(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
55
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.
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.
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(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
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
57
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 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
58
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; and
(v) All REO Proceeds.
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
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
Available Funds for 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.
59
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of any Trigger Event, 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 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 Cer-tificateholders 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
60
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:
(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;
61
(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);
(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
62
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 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,
63
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
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
64
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
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
65
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
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 two years 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 two-year period (and specifying the period beyond such
two-year 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 two-year period, an extension of such two-
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year period in the manner contemplated by section 856(e)(3) of
the Code, in which case the two-year period shall be extended by
the applicable period. 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
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
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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.
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 any 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
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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
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
69
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
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, 1998, 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, 1998, the Company at its expense shall cause a
firm of independent public accountants (who may also render other
services to the Company) to furnish a report to the Trustee to
the effect that such firm has examined certain documents and
records relating to the servicing of mortgage loans under pooling
and servicing agreements (including this Agreement) substantially
similar to this Agreement (which agreements shall be described in
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a schedule to such statement), and that such examination, which
has been conducted substantially in compliance with the Uniform
Single Attestation Program for Mortgage Bankers has disclosed no
items of noncompliance with the provisions of this Agreement
which, in the opinion of such firm, are material, except for such
items of noncompliance as shall be set forth in such report. For
purposes of such report, such firm may conclusively presume that
any pooling and servicing agreement which governs certificates
offered under a common registration statement under the
Securities Act of 1933 with the Certificates is similar to this
Agreement, unless such other pooling and servicing agreement
expressly states otherwise. In rendering such report, such firm
may rely, as to matters relating to direct 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.
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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:
(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, however, that Accrued
Certificate Interest on the Class A7 Certificates for such
Distribution Date shall be applied in the manner provided
in Section 4.01(e); and provided further, that any
shortfall in available amounts shall be allocated among
such Classes (and, in the case of any Class of Certificates
consisting of Specified Components, among such Components)
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, however, that any
Unpaid Class Interest Shortfall for the Class A7
Certificates for such Distribution Date shall be applied in
the manner provided in Section 4.01(e); and provided
further, that any shortfall in available amounts shall be
allocated among such Classes (and, in the case of any Class
of Certificates consisting of Specified Components, among
such Components) in proportion to the Unpaid Class Interest
Shortfall for each such Class (or Specified Component) 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 Group I Senior Certificates, the Group
I Senior Optimal Principal Amount for such
Distribution Date, in the following order of priority:
(1) to the Class R Certificate, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
72
(2) to the Class A8 Certificates (in respect
of the Class A8A Component), up to the amount
necessary to reduce the Component Principal
Balance of such Component to its PAC Balance for
such Distribution Date, until the Component
Principal Balance of the Class A8A Component has
been reduced by $24,900,000, pursuant to this
Section 4.01(a)(iii)(A)(2);
(3) concurrently, to the Class A1
Certificates and Class A8 Certificates (in the
latter case, in respect of the Class A8A
Component), in proportion to the Class
Certificate Principal Balance of such Class and
the Component Principal Balance of such
Component, up to the amount necessary to reduce
the Class Certificate Principal Balance of such
Class and the Component Principal Balance of such
Component to their respective PAC Balances for
such Distribution Date;
(4) concurrently, to the Class A2 and Class
A4 Certificates, 75.2936164525% and
24.0000000000%, respectively, of the remaining
Group I Senior Optimal Principal Amount, up to
the amount necessary to reduce the Class
Certificate Principal Balance of each such Class
to its TAC Balance for such Distribution Date;
(5) concurrently, to the Class A3 and Class
A4 Certificates, 75.2936164525% and
24.0000000000%, respectively, of the remaining
Group I Senior Optimal Principal Amount, up to
the amount necessary to reduce the Class
Certificate Principal Balance of each such Class
to its TAC Balance for such Distribution Date;
(6) concurrently, to the Class A4 and Class
A5 Certificates, 24.0000000000% and
75.2936164525%, respectively, of the remaining
Group I Senior Optimal Principal Amount, up to
the amount necessary to reduce the Class
Certificate Principal Balance of each such Class
to its TAC Balance for such Distribution Date;
(7) concurrently, to the Class A5, Class A6
and Class A7 Certificates, as follows:
(a) to the Class A5 Certificates,
44.6154845414% of the remaining Group I
Senior Optimal Principal Amount, up to the
amount necessary to reduce the Class
73
Certificate Principal Balance thereof to its
TAC Balance for such Distribution Date; and
(b) sequentially, to the Class A6 and
Class A7 Certificates, in that order,
55.3845154586% of the remaining Group I
Senior Optimal Principal Amount, up to the
amount necessary to reduce the Class
Certificate Principal Balance of each such
Class to its TAC Balance for such
Distribution Date, such that no amounts
pursuant to this clause shall be distributed
to the Class A7 Certificates unless the
Class Certificate Principal Balance of the
Class A6 Certificates has been reduced to
its TAC Balance for such Distribution Date;
(8) to the Class A8 Certificates (in respect
of the Class A8B Component), until the Component
Principal Balance thereof has been reduced to
zero;
(9) concurrently, to the Class A2 and Class
A4 Certificates, 75.2936164525% and
24.0000000000%, respectively, of the remaining
Group I Senior Optimal Principal Amount, without
regard to their respective TAC Balances, until
the Class Certificate Principal Balance of the
Class A2 Certificates has been reduced to zero;
(10) concurrently, to the Class A3 and Class
A4 Certificates, 75.2936164525% and
24.0000000000%, respectively, of the remaining
Group I Senior Optimal Principal Amount, without
regard to their respective TAC Balances, until
the Class Certificate Principal Balance of the
Class A3 Certificates has been reduced to zero;
(11) concurrently, to the Class A4 and Class
A5 Certificates, 24.0000000000% and
75.2936164525%, respectively, of the remaining
Group I Senior Optimal Principal Amount, without
regard to their respective TAC Balances, until
the Class Certificate Principal Balance of the
Class A4 Certificates has been reduced to zero;
(12) concurrently, to the Class A5, Class A6
and Class A7 Certificates, as follows:
(a) to the Class A5 Certificates,
44.6154845414% of the remaining Group I
Senior Optimal Principal Amount, without
74
regard to its TAC Balance, until the Class
Certificate Principal Balance thereof has
been reduced to zero; and
(b) sequentially, to the Class A6 and
Class A7 Certificates, in that order,
55.3845154586% of the remaining Group I
Senior Optimal Principal Amount, without
regard to their respective TAC Balances,
until the Class Certificate Principal
Balance of each such Class has been reduced
to zero, such that no amounts pursuant to
this clause shall be distributed to the
Class A7 Certificates unless the Class
Certificate Principal Balance of the Class
A6 Certificates has been reduced to zero;
(13) to the Class A8 Certificates (in
respect of the Class A8A Component), without
regard to their PAC Balance, until the Component
Principal Balance of the Class A8A Component has
been reduced by $24,900,000, pursuant to this
Section 4.01(a)(iii)(A)(13) and Section
4.01(a)(iii)(A)(2);
(14) concurrently, to the Class A1
Certificates and Class A8 Certificates (in the
latter case, in respect of the Class A8A
Component), in proportion to the Class
Certificate Principal Balance of such Class and
the Component Principal Balance of such
Component, without regard to their respective PAC
Balances, until the Class Certificate Principal
Balance of such Class and the Component Principal
Balance of such Component have each been reduced
to zero;
(15) sequentially, to the Class A9, Class
A10 and Class A11 Certificates, in that order,
until the Class Certificate Principal Balance of
each such Class has been reduced to zero, such
that no amounts pursuant to this clause shall be
distributed to any such Class unless the Class
Certificate Principal Balance of each such Class
having a lower numbered Class designation has
been reduced to zero;
(B) to the Group II Senior Certificates, the
Group II Senior Optimal Principal Amount for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to
zero; and
75
(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
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;
76
(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).
If, on any Distribution Date, after distributions have been made
pursuant to clauses (i) and (ii) above, the remaining Available
Funds are insufficient to make the full amount of distributions
required to be made pursuant to clause (iii) above, (1) the
amount distributable to the Class PO Certificates pursuant to
clause (iii)(C) shall be equal to the product of (x) the
remaining Available Funds and (y) the fraction, expressed as a
percentage, the numerator of which is the PO Principal
77
Distribution Amount for such Distribution Date and the
denominator of which is the sum of such PO Principal Distribution
Amount and the Senior Optimal Principal Amount for such
Distribution Date; (2) the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
clauses (iii)(A) and (B) shall be equal to the product of (x) the
remaining Available Funds and (y) the fraction, expressed as a
percentage, the numerator of which is the Senior Optimal
Principal Amount for such Distribution Date and the denominator
of which is the sum of the Senior Optimal Principal Amount and
the PO Principal Distribution Amount for such Distribution Date;
and (3) the amounts distributable to the Group I Senior
Certificates pursuant to clause (iii)(A) and to the Group II
Senior Certificates pursuant to clause (iii)(B), respectively,
shall be equal to the product of (x) the amount determined
pursuant to clause (2) above and (y) a fraction, expressed as a
percentage, the numerator of which is the Group I Senior Optimal
Principal Amount, in the case of the Group I Senior Certificates,
or the Group II Senior Optimal Principal Amount, in the case of
the Group II Senior Certificates, and the denominator of which is
the Senior Optimal Principal Amount for such Distribution Date.
(b) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
Available Funds for such Distribution Date after application of
all amounts described in clause (a) of this Section 4.01. 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,
78
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e) On each Distribution Date through the Accretion
Termination Date, amounts allocable to the Class A7 Certificates
pursuant to clauses (a)(i) and (a)(ii) of this Section 4.01 shall
not be distributable to the Class A7 Certificates pursuant to
such clauses but shall instead be (i) added to the Class
Certificate Principal Balance thereof to the extent of the
Accrual Amount for such Distribution Date, and (ii) distributed
to the following Classes of Certificates, before any
distributions are made pursuant to Section 4.01(a)(iii), in the
following order of priority:
first, to the Class A6 Certificates, in reduction of
the Class Certificate Principal Balance thereof, without
regard to their TAC Balance, until the Class Certificate
Principal Balance thereof has been reduced to zero; and
second, to the Class A7 Certificates, as Accrued
Certificate Interest thereon.
On each Distribution Date occurring after the Accretion
Termination Date, amounts allocable to the Class A7 Certificates
pursuant to clauses (a)(i) and (a)(ii) of this Section 4.01 shall
be distributable on such Distribution Date pursuant to such
clauses to Holders of the Class A7 Certificates as Accrued
Certificate Interest.
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
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
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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 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.
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;
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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
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).
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(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.
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
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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
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
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"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
Prepay-ments 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 of any Class of Accrual Certificates;
(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;
(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 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
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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, Group I Senior Percentage,
Group II Senior Percentage, Group I Scheduled Distribution
Percentage, Group II Scheduled Distribution Percentage and
Junior Percentage for such Distribution Date; and
(xii) The Senior Prepayment Percentage, Group I Senior
Prepayment Percentage, Group II Senior Prepayment
Percentage and Junior Prepayment Percentage for such
Distribution Date.
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),
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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).
(b) On or prior to January 20th of each year,
commencing in 1998, the Company shall furnish to the Trustee for
mailing to each Person who at any time during the calendar year
was a Certificateholder a statement containing information
required to be provided pursuant to the Code.
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
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
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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 $350,700,977.85. 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 $21,540,000.00 7.50% $25,000
Class A2 35,773,000.00 7.50 25,000
Class A3 22,546,000.00 7.50 25,000
Class A4 29,577,000.00 7.50 25,000
Class A5 45,556,000.00 7.50 25,000
Class A6 7,054,000.00 7.50 25,000
Class A7 10,000,000.00 7.50 25,000
Class A8 55,867,000.00 7.50 25,000
Class A9 19,614,000.00 7.50 25,000
Class A10 34,511,000.00 7.50 25,000
Class A11 20,612,000.00 7.50 25,000
Class A12 32,552,000.00 7.50 25,000
Class PO 593,751.00 0.00 43,800
Class M 4,384,000.00 7.50 100,000
Class B1 3,507,000.00 7.50 100,000
Class B2 3,507,000.00 7.50 100,000
Class B3 1,754,000.00 7.50 250,000
Class B4 526,000.00 7.50 250,000
Class B5 1,227,126.85 7.50 250,000
Class S (1) (1) 12,500,000
Class R 100.00 7.50 100
(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
--------------------------
(1) The Class S Certificates are issued with an initial
Notional Principal Balance of $321,161,751.06 and shall
bear interest at the Strip Rate.
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Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). The
Residual Certificates 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
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,
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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.
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
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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
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
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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.
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 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
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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 S
Certificates to the Company or upon any subsequent transfer of
any 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
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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.
(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
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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
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
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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.
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
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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
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
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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.
(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
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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
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.
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(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
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
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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 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
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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 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
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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
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
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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
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;
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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.
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
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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 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
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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 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
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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
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
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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
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.
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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 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.
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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
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.
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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;
(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
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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
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
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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 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
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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
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
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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
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.
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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.
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
117
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
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 Moody's, to Xxxxx'x Investors Service, Inc., 00
Xxxxxx Xxxxxx, 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
118
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.
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.
* * *
119
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 April, 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 April, 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 1997-4
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 $21,540,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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 1997-4
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 $35,773,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $22,546,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $29,577,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $45,556,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 A6 Certificate
Principal Balance:
Class A6 $7,054,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A6 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 April 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 May 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
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 1997-4
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 A7 Certificate
Principal Balance:
Class A7 $10,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A7 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 April 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 May 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
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 1997-4
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 A8 Certificate
Principal Balance:
Class A8 $55,867,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A8 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 April 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 May 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
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 1997-4
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 A9 Certificate
Principal Balance:
Class A9 $19,614,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A9 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 April 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 May 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
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 1997-4
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 A10 Certificate
Principal Balance:
Class A10 $34,511,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A10 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 April 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 May 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
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 1997-4
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 A11 Certificate
Principal Balance:
Class A11 $20,612,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A11 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 April 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 May 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
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 1997-4
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 A12 Certificate
Principal Balance:
Class A12 $32,552,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 A12 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 April 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 May 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
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 1997-4
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 $4,384,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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 1997-4
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 $3,507,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $3,507,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $1,754,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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 1997-4
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 $526,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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 1997-4
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 $1,227,126.85
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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
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" 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 ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-TIER
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 1997-4
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 $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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 1997-4
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 $593,751.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
April 1, 1997
First Distribution Date: CUSIP: 00000X0X0
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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.
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 POOL SCHEDULED PRINCIPAL
BALANCE 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 "ACT"). ANY RESALE OR TRANSFER OF
THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY
ONLY BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.]1
[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.]2
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).
--------
1 To be included in Class S Certificate issued to the
Company.
2 To be included only in Class S Certificate issued
upon resale by the Company, unless such Certificate has
been registered under the Act.
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 1997-4
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 $321,161,751.06
Certificate Interest Initial Notional Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
April 1, 1997
First Distribution Date:
May 27, 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 April 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 May 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 1997-4, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class R,
Class PO, Class M, Class B1, Class B2, Class B3, Class B4, Class
B5 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.
[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)]3
--------
3 To be included only in Class S Certificate issued upon
resale by the Company, unless such Certificate has been
registered under the Act.
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
PAC BALANCES
--------------------------------
CLASS A8A
DISTRIBUTION DATE CLASS A1 PAC COMPONENT
----------------------- -------------- --------------
Initial Balance........ $21,540,000.00 $30,286,000.00
May 1997............... 21,540,000.00 30,286,000.00
June 1997.............. 21,540,000.00 30,286,000.00
July 1997.............. 21,540,000.00 30,286,000.00
August 1997............ 21,540,000.00 30,286,000.00
September 1997......... 21,540,000.00 30,286,000.00
October 1997........... 21,540,000.00 30,286,000.00
November 1997.......... 21,540,000.00 30,286,000.00
December 1997.......... 21,540,000.00 30,286,000.00
January 1998........... 21,540,000.00 30,286,000.00
February 1998.......... 21,540,000.00 30,286,000.00
March 1998............. 21,540,000.00 30,286,000.00
April 1998............. 21,540,000.00 30,286,000.00
May 1998............... 21,540,000.00 30,286,000.00
June 1998.............. 21,540,000.00 30,286,000.00
July 1998.............. 21,540,000.00 30,286,000.00
August 1998............ 21,540,000.00 30,286,000.00
September 1998......... 21,540,000.00 30,286,000.00
October 1998........... 21,540,000.00 30,286,000.00
November 1998.......... 21,540,000.00 30,286,000.00
December 1998.......... 21,540,000.00 30,286,000.00
January 1999........... 21,540,000.00 30,286,000.00
February 1999.......... 21,540,000.00 30,286,000.00
March 1999............. 21,540,000.00 30,286,000.00
April 1999............. 21,540,000.00 28,589,358.05
May 1999............... 21,540,000.00 26,842,244.36
June 1999.............. 21,540,000.00 25,046,239.60
July 1999.............. 21,540,000.00 23,202,141.32
August 1999............ 21,540,000.00 21,310,770.61
September 1999......... 21,540,000.00 19,428,872.06
October 1999........... 21,540,000.00 17,556,397.33
November 1999.......... 21,540,000.00 15,693,298.30
December 1999.......... 21,540,000.00 13,839,527.13
January 2000........... 21,540,000.00 11,995,036.22
PAC BALANCES
--------------------------------
CLASS A8A
DISTRIBUTION DATE CLASS A1 PAC COMPONENT
----------------------- -------------- --------------
February 2000.......... 21,540,000.00 10,159,778.20
March 2000............. 21,540,000.00 8,333,705.99
April 2000............. 21,540,000.00 6,516,772.73
May 2000............... 20,998,365.56 5,250,566.25
June 2000.............. 19,559,383.06 4,890,753.81
July 2000.............. 18,127,600.18 4,532,741.62
August 2000............ 16,702,980.22 4,176,520.50
September 2000......... 15,285,486.69 3,822,081.30
October 2000........... 13,875,083.27 3,469,414.97
November 2000.......... 12,471,733.84 3,118,512.46
December 2000.......... 11,075,402.48 2,769,364.80
January 2001........... 9,686,053.43 2,421,963.04
February 2001.......... 8,303,651.16 2,076,298.29
March 2001............. 6,928,160.30 1,732,361.72
April 2001............. 5,559,545.67 1,390,144.52
May 2001............... 4,197,772.29 1,049,637.95
June 2001.............. 2,842,805.34 710,833.31
July 2001.............. 1,494,610.21 373,721.94
August 2001............ 153,152.46 38,295.23
September 2001......... 0.00 0.00
TAC BALANCES TABLE
TAC BALANCES
--------------------------------------------------
DISTRIBUTION DATE CLASS A2 CLASS A3 CLASS A4
---------------------- -------------- -------------- --------------
Initial Balance....... $35,773,000.00 $22,546,000.00 $29,577,000.00
May 1997.............. 34,933,239.77 22,546,000.00 29,301,446.25
June 1997............. 33,868,779.53 22,546,000.00 28,952,160.82
July 1997............. 32,580,104.36 22,546,000.00 28,529,302.89
August 1997........... 31,068,193.63 22,546,000.00 28,033,193.82
September 1997........ 29,334,601.79 22,546,000.00 27,464,343.67
October 1997.......... 27,381,461.70 22,546,000.00 26,823,452.31
November 1997......... 25,211,485.50 22,546,000.00 26,111,409.68
December 1997......... 22,827,963.18 22,546,000.00 25,329,295.35
January 1998.......... 20,234,758.63 22,546,000.00 24,478,377.18
February 1998......... 17,436,303.18 22,546,000.00 23,560,109.25
March 1998............ 14,437,586.71 22,546,000.00 22,576,128.89
April 1998............ 11,244,146.16 22,546,000.00 21,528,252.98
May 1998.............. 7,862,051.54 22,546,000.00 20,418,473.29
June 1998............. 4,297,889.51 22,546,000.00 19,248,951.11
July 1998............. 558,744.37 22,546,000.00 18,022,011.05
August 1998........... 0.00 19,198,176.82 16,740,134.04
September 1998........ 15,132,200.21 15,405,949.52
October 1998.......... 10,915,254.69 14,022,226.99
November 1998......... 6,556,179.10 12,591,866.77
December 1998......... 2,064,180.84 11,117,890.13
January 1999.......... 0.00 9,603,428.76
February 1999......... 8,051,713.72
March 1999............ 6,466,063.77
April 1999............ 5,269,052.20
May 1999.............. 4,057,427.44
June 1999............. 2,834,306.78
July 1999............. 1,603,038.14
August 1999........... 366,987.42
September 1999........ 0.00
October 1999..........
November 1999.........
December 1999.........
January 2000..........
February 2000.........
March 2000............
April 2000............
TAC BALANCES
--------------------------------------------------
DISTRIBUTION DATE CLASS A5 CLASS A6 CLASS A7
---------------------- -------------- -------------- --------------
Initial Balance....... $45,556,000.00 $ 7,054,000.00 $10,000,000.00
May 1997.............. 45,556,000.00 6,991,500.00 10,062,500.00
June 1997............. 45,556,000.00 6,928,609.38 10,125,390.62
July 1997............. 45,556,000.00 6,865,325.68 10,188,674.32
August 1997........... 45,556,000.00 6,801,646.47 10,252,353.53
September 1997........ 45,556,000.00 6,737,569.26 10,316,430.74
October 1997.......... 45,556,000.00 6,673,091.57 10,380,908.43
November 1997......... 45,556,000.00 6,608,210.89 10,445,789.11
December 1997......... 45,556,000.00 6,542,924.71 10,511,075.29
January 1998.......... 45,556,000.00 6,477,230.49 10,576,769.51
February 1998......... 45,556,000.00 6,411,125.68 10,642,874.32
March 1998............ 45,556,000.00 6,344,607.71 10,709,392.29
April 1998............ 45,556,000.00 6,277,674.01 10,776,325.99
May 1998.............. 45,556,000.00 6,210,321.97 10,843,678.03
June 1998............. 45,556,000.00 6,142,548.99 10,911,451.01
July 1998............. 45,556,000.00 6,074,352.42 10,979,647.58
August 1998........... 45,556,000.00 6,005,729.62 11,048,270.38
September 1998........ 45,556,000.00 5,936,677.93 11,117,322.07
October 1998.......... 45,556,000.00 5,867,194.67 11,186,805.33
November 1998......... 45,556,000.00 5,797,277.13 11,256,722.87
December 1998......... 45,556,000.00 5,726,922.62 11,327,077.38
January 1999.......... 43,004,803.88 5,656,128.38 11,397,871.62
February 1999......... 38,275,894.97 5,584,891.68 11,469,108.32
March 1999............ 33,443,568.18 5,513,209.76 11,540,790.24
April 1999............ 29,795,631.22 5,441,079.82 11,612,920.18
May 1999.............. 26,103,159.99 5,368,499.07 11,685,500.93
June 1999............. 22,375,654.60 5,295,464.69 11,758,535.31
July 1999............. 18,623,317.95 5,221,973.84 11,832,026.16
August 1999........... 14,856,407.72 5,148,023.68 11,905,976.32
September 1999........ 12,256,557.25 3,234,586.38 11,980,388.67
October 1999.......... 10,197,615.39 603,791.47 12,055,266.10
November 1999......... 8,221,252.67 0.00 10,205,651.70
December 1999......... 6,324,909.82 7,851,580.43
January 2000.......... 4,506,103.97 5,593,761.61
February 2000......... 2,762,426.41 3,429,205.12
March 2000............ 1,091,540.38 1,355,010.17
April 2000............ 0.00 0.00
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: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 1
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0001767011 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : XXX 00 XXXXXXXX XXXXX
04 CITY : EAST BRADFORD
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 236,932.56 OPTION TO CONVERT :
UNPAID BALANCE : 220,207.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.25 OUTSIDE CONV DATE :
LIFETIME RATE : 9.62500 MATURITY DATE : 12/01/17
CURRENT INT RATE: 9.62500 PRODUCT CODE : 002
LTV : 72.90232
---------------------------------------------------------------
0 0002701910 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXX XXXX XXXX
01 CITY : HACKETTSTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,580.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.59 OUTSIDE CONV DATE :
LIFETIME RATE : 10.25000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 10.25000 PRODUCT CODE : 002
LTV : 88.37200
---------------------------------------------------------------
0 0007501638 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXX
REGION CODE ADDRESS : 11925 XXXXXXX DRIVE
01 CITY : TAMPA
STATE/ZIP : FL 33626
MORTGAGE AMOUNT : 286,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,161.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0007501935 MORTGAGORS: DE XXXX XXXXXXXXX
DE XXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
00 CITY : BLAUVELT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 179,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,281.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 87.56097
---------------------------------------------------------------
0 0007506918 MORTGAGORS: XXXX XXXX
XXXX GARA
REGION CODE ADDRESS : 9004 XXXXXXXXX
00 CITY : PLEASANT VALLEY
STATE/ZIP : MO 64068
MORTGAGE AMOUNT : 76,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 588.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 969,632.56
P & I AMT: 7,912.39
UPB AMT: 936,730.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 2
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007507775 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX XXXX 0
00 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007507858 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXX XXXXXXXXXXX XXXX
00 CITY : MCMINNVILLE
STATE/ZIP : TN 37110
MORTGAGE AMOUNT : 43,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,219.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 377.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/16
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0007508724 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
00 CITY : XXXXXXXX
STATE/ZIP : AL 35091
MORTGAGE AMOUNT : 46,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 45,778.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 399.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/17
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 69.69697
---------------------------------------------------------------
0 0007514078 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
00 CITY : POQUOSON
STATE/ZIP : VA 23662
MORTGAGE AMOUNT : 134,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,423.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,001.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.17948
---------------------------------------------------------------
0 0007517428 MORTGAGORS: XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXX
00 CITY : GRAND TERRACE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 94,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,433.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 677.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 586,900.00
P & I AMT: 4,352.24
UPB AMT: 585,854.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 3
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007518426 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 X.X. 00XX XXXXXX
00 CITY : PORTLAND
STATE/ZIP : OR 97213
MORTGAGE AMOUNT : 122,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,055.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 835.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.37356
---------------------------------------------------------------
0 0007519648 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXXX
00 CITY : LA XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,898.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,150.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.60900
---------------------------------------------------------------
0 0007520026 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XX XXXXXX XXXX
00 CITY : SALISBURY
STATE/ZIP : MD 21804
MORTGAGE AMOUNT : 79,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 593.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.87653
---------------------------------------------------------------
0 0007520778 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
00 CITY : NORTHAMPTON TWP.
STATE/ZIP : PA 18954
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.78900
---------------------------------------------------------------
0 0007522709 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
00 CITY : SOUTH LAKE TAHOE
STATE/ZIP : XX 00000
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 : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.97200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 877,350.00
P & I AMT: 6,324.94
UPB AMT: 876,854.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 4
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007523608 MORTGAGORS: XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XX
00 CITY : ROANOKE
STATE/ZIP : VA 24015
MORTGAGE AMOUNT : 50,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,099.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 368.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0007523889 MORTGAGORS: XXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX XXXX
00 CITY : JAMUL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.22078
---------------------------------------------------------------
0 0007524457 MORTGAGORS: XXXX-XXXXXXX XXXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 9218 LAGRIMA DE ORO N.E.
00 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 98,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,533.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 723.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.51613
---------------------------------------------------------------
0 0007524853 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXX XXXXXXXX
00 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 47.01041
---------------------------------------------------------------
0 0007525439 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXXX
00 CITY : MAPLEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 141,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,204.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,025.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.03140
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 805,500.00
P & I AMT: 5,853.40
UPB AMT: 805,088.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 5
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007526197 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
00 CITY : LEMONT
STATE/ZIP : IL 60439
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.03081
---------------------------------------------------------------
0 0007526452 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 8737 SLEEPY HOLLOW LANE
00 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 311,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,735.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98718
---------------------------------------------------------------
0 0007527591 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
00 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.61417
---------------------------------------------------------------
0 0007527617 MORTGAGORS: XXXXX J.
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXX XXXX XXXX
00 CITY : ORANGE
STATE/ZIP : VA 22960
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.69325
---------------------------------------------------------------
0 0007527633 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX
00 CITY : SCARSDALE
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.57142
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,750.00
P & I AMT: 9,403.77
UPB AMT: 1,306,218.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 6
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007529761 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX XX
00 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007531403 MORTGAGORS: GOOD XXXXX
GOOD XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
00 CITY : LAGUNA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.36360
---------------------------------------------------------------
0 0007531460 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX XXXXX
00 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.74418
---------------------------------------------------------------
0 0007531478 MORTGAGORS: XXXXXXXXXXX XXXXXXX
XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
00 CITY : ALTADENA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,779.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,160.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.39449
---------------------------------------------------------------
0 0007532153 MORTGAGORS: XXXXXXXXXXX XXXXXX
XXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
00 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 234,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,775.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,202,450.00
P & I AMT: 8,633.20
UPB AMT: 1,201,867.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 7
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007532815 MORTGAGORS: XXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXXX XXXXXX #0
01 CITY : BOSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,851.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 871.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007533276 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : EXTON
STATE/ZIP : PA 19341
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,791.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,053.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.12200
---------------------------------------------------------------
0 0007534910 MORTGAGORS: XXXX XXXXX
XXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
01 CITY : LOS ALAMOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 164,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,490.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,252.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98500
---------------------------------------------------------------
0 0007535586 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : XX 0 XXX 000
01 CITY : GRANGEVILLE
STATE/ZIP : ID 83530
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,715.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,341.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.47800
---------------------------------------------------------------
0 0007535784 MORTGAGORS: KING XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
00 CITY : MEMPHIS
STATE/ZIP : TN 38111
MORTGAGE AMOUNT : 58,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 57,881.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 420.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.29411
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 670,800.00
P & I AMT: 4,939.13
UPB AMT: 669,731.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 8
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007535883 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX
00 CITY : TOWNSEND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 121,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,417.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 892.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007538234 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
01 CITY : XXXXX
STATE/ZIP : AZ 86333
MORTGAGE AMOUNT : 54,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,927.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 396.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0007538333 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000-00 XXXXX 00XX XX.
01 CITY : MILWAUKEE
STATE/ZIP : WI 53216
MORTGAGE AMOUNT : 82,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,889.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.64800
---------------------------------------------------------------
0 0007538952 MORTGAGORS: XXXXX XXXX
XXXXX XXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXX XXXXX
01 CITY : XXXXXXXX TWP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,524.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007539596 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
00 CITY : SOUTH DARTMOUTH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 96,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 712.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 613,600.00
P & I AMT: 4,602.16
UPB AMT: 612,758.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 9
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007540305 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
00 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.21292
---------------------------------------------------------------
0 0007540370 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : GREEN BAY
STATE/ZIP : WI 54304
MORTGAGE AMOUNT : 55,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 55,780.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 424.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.96600
---------------------------------------------------------------
0 0007540446 MORTGAGORS: XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
00 CITY : LA HABRA HEIGHT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.55357
---------------------------------------------------------------
0 0007541915 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
00 CITY : SEFFNER
STATE/ZIP : FL 33584
MORTGAGE AMOUNT : 52,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,164.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 378.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0007542467 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XX
00 CITY : HUNTINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.79693
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 892,350.00
P & I AMT: 6,527.51
UPB AMT: 892,244.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 10
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007542954 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXX
01 CITY : RAVENNA
STATE/ZIP : OH 44266
MORTGAGE AMOUNT : 65,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,453.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 486.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.92700
---------------------------------------------------------------
0 0007543762 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
00 CITY : WARREN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,534.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0007543770 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX-XXXXXXXXXXXX XXXX
00 CITY : LAMBERTVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 128,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,867.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 968.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.70270
---------------------------------------------------------------
0 0007544257 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX
01 CITY : CLEVELAND
STATE/ZIP : OH 44135
MORTGAGE AMOUNT : 54,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,073.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 387.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0007544646 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX-XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
00 CITY : HINGHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.47619
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 999,600.00
P & I AMT: 7,419.20
UPB AMT: 999,394.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 11
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007545148 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXX
00 CITY : MULLICA HILL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0007545197 MORTGAGORS: XXXX XXXX
XXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
00 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 56.94700
---------------------------------------------------------------
0 0007547706 MORTGAGORS: SHORE XXXXXX
XXXXX RACENE
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : PFAFFTOWN
STATE/ZIP : NC 27040
MORTGAGE AMOUNT : 102,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,387.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 752.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0007548076 MORTGAGORS: XXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX 00XX XXXXXX
01 CITY : MILWAUKEE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 123,405.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,166.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 905.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0007549546 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
01 CITY : SANTA XXXX BEACH
STATE/ZIP : FL 32459
MORTGAGE AMOUNT : 75,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,896.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 543.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.18100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 882,005.00
P & I AMT: 6,516.06
UPB AMT: 881,450.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 12
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0007549637 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX XX
01 CITY : N CANTON
STATE/ZIP : OH 44720
MORTGAGE AMOUNT : 69,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,952.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 500.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0007550080 MORTGAGORS: XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX XXXXX
00 CITY : LAWRENCEVILLE
STATE/ZIP : GA 30245
MORTGAGE AMOUNT : 137,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,908.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97400
---------------------------------------------------------------
0 0007550429 MORTGAGORS: XXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
00 CITY : DAYTONA BEACH
STATE/ZIP : FL 32114
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 859.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.21933
---------------------------------------------------------------
0 0007558364 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
00 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.55072
---------------------------------------------------------------
0 0007558984 MORTGAGORS: XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 813 EL PUEBLO
00 CITY : ALAMEDA GRANT
STATE/ZIP : NM 87114
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 821,000.00
P & I AMT: 5,954.36
UPB AMT: 820,860.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 13
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030469019 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : SANTA XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,680.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030473573 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX XXXX
01 CITY : OVIEDO
STATE/ZIP : FL 32765
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 58.06400
---------------------------------------------------------------
0 0030505333 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 28085 N. PENNINSULA
01 CITY : ARROWHEAD
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.92200
---------------------------------------------------------------
0 0030509053 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : FISHERS
STATE/ZIP : IN 46038
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.92300
---------------------------------------------------------------
0 0030520407 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 : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.73600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,000.00
P & I AMT: 12,512.35
UPB AMT: 1,719,183.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 14
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030529515 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : WEST MONROE
STATE/ZIP : LA 71291
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030534721 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : DESTIN
STATE/ZIP : FL 32541
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,337.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 87.87800
---------------------------------------------------------------
0 0030549745 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXXXX XXXX
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
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 : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030553663 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXX
01 CITY : WINDEMERE
STATE/ZIP : FL 34786
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,066.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 79.97300
---------------------------------------------------------------
0 0030554547 MORTGAGORS: XX XXXXXXX
XX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXX
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 219,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,966.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,186,600.00
P & I AMT: 8,948.89
UPB AMT: 1,184,061.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 15
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030554711 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXXX
01 CITY : WARRENTON
STATE/ZIP : VA 22186
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,158.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030554992 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46208
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,605.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.33600
---------------------------------------------------------------
0 0030566590 MORTGAGORS: XXXXXXXXXXXX XXXXX
XXXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXX
01 CITY : SALEM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,322.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,955.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030587711 MORTGAGORS: XX XXXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : BRIDGEHAMPTON
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030590277 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX XXX
REGION CODE ADDRESS : XXXXX 0 XXX 00X
01 CITY : MCDADE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.71100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,800.00
P & I AMT: 11,326.52
UPB AMT: 1,506,759.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 16
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030591366 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : CLARENCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,339.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,207.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030617005 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : FOGLESVILLE
STATE/ZIP : PA 18051
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,974.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0030625669 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 X 000XX XX.
01 CITY : WESTMINISTER
STATE/ZIP : CO 80234
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,121.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.00900
---------------------------------------------------------------
0 0030632558 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXXX
01 CITY : SHOREHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 191,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,380.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,455.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 93.41900
---------------------------------------------------------------
0 0030632665 MORTGAGORS: XXXXXX XXXXXX
RAFT XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXXXX
01 CITY : TRENTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 69,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,250.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 536.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.96598
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,174,100.00
P & I AMT: 8,939.93
UPB AMT: 1,170,068.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 17
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030639884 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,617.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 62.76300
---------------------------------------------------------------
0 0030640114 MORTGAGORS: XXXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXX
01 CITY : ORIENT
STATE/ZIP : XX 00000
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 36.40700
---------------------------------------------------------------
0 0030647408 MORTGAGORS: XXXXXX XXXX
XXXXXX JULIANNA
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 371,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,761.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,886.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 72.76400
---------------------------------------------------------------
0 0030647739 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : OCEAN CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,293.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030665939 MORTGAGORS: XXXXXXXX XXXXX
XXXX XXXXXX
REGION CODE ADDRESS : XXXXXXXXXXXX XXXX
00 CITY : XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,064.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.34100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,600.00
P & I AMT: 10,671.22
UPB AMT: 1,405,737.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 18
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030669766 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : BEDMINISTER
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.42100
---------------------------------------------------------------
0 0030672174 MORTGAGORS: XXXX XXXXXX
XXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX XXXXX
01 CITY : WOODSTOCK
STATE/ZIP : MD 21163
MORTGAGE AMOUNT : 236,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.88900
---------------------------------------------------------------
0 0030672539 MORTGAGORS: XXXX XXXXXXX
REGION CODE ADDRESS : 0 XXX XXXXX XXX
01 CITY : RICHMOND
STATE/ZIP : VA 23231
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,248.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 76.92300
---------------------------------------------------------------
0 0030677801 MORTGAGORS: RISING XXXXXXXXXXX
RISING XXXXXXXX
REGION CODE ADDRESS : 00 XXXX XXXXX
01 CITY : ROCKVILLE CENTRE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,668.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030678023 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000-000 XXXXXXXXX XX XXXX 0X
01 CITY : NEW YORK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,394.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,820,750.00
P & I AMT: 13,427.99
UPB AMT: 1,818,061.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 19
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030680987 MORTGAGORS: XXXXXXXXXX XXXXXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : MENTOR
STATE/ZIP : OH 44060
MORTGAGE AMOUNT : 125,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,952.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 929.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.98300
---------------------------------------------------------------
0 0030683726 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 214,809.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,362.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99900
---------------------------------------------------------------
0 0030687024 MORTGAGORS: XXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXXX XXXXX
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 225,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,413.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99200
---------------------------------------------------------------
0 0030688246 MORTGAGORS: XXX XXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXXX
01 CITY : SCARSDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,598.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 78.94700
---------------------------------------------------------------
0 0030692123 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 X XXXXXX XX FOSFORO
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 229,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,885.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.45000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,019,909.00
P & I AMT: 7,654.33
UPB AMT: 1,018,212.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 20
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030692446 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX
01 CITY : POQUOSON
STATE/ZIP : VA 23662
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,684.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030692966 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 37 XXX XXXXXXX
00 CITY : RANCHO SANTA XXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,694.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98157
---------------------------------------------------------------
0 0030695142 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 263,385.76 OPTION TO CONVERT :
UNPAID BALANCE : 262,480.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.81386
---------------------------------------------------------------
0 0030696488 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : PEARLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,538.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030698005 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX
01 CITY : COLUMBUS
STATE/ZIP : OH 43209
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,318.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,335.76
P & I AMT: 9,224.22
UPB AMT: 1,259,717.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 21
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030698492 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXXXXX XX # 000
00 CITY : CAPE CANAVERAL
STATE/ZIP : FL 33920
MORTGAGE AMOUNT : 28,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 28,798.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 224.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 74.93500
---------------------------------------------------------------
0 0030700371 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXX
01 CITY : XXXX XXXXX
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,841.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.94700
---------------------------------------------------------------
0 0030701528 MORTGAGORS: XXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,735.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
0 0030703524 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX XXXX 00X
01 CITY : NEW YORK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,325.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.77700
---------------------------------------------------------------
0 0030704373 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 271 CRESCENT XXXXX DR.
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,256.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,600.00
P & I AMT: 9,448.47
UPB AMT: 1,267,956.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 22
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030704886 MORTGAGORS: XXXXXXXXXXXXX XXX
XXXXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : MANSFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,895.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.44400
---------------------------------------------------------------
0 0030707988 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 2346 APPLERIDGE
01 CITY : WALL TWSP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,648.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
---------------------------------------------------------------
0 0030709752 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 3660 WAGON WHEEL WAY
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,688.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.45900
---------------------------------------------------------------
0 0030711444 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX XXXXX
01 CITY : ASHVILLE
STATE/ZIP : NC 28803
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,541.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.72700
---------------------------------------------------------------
0 0030711972 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXX XXX
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,321.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.58700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,214,450.00
P & I AMT: 8,765.61
UPB AMT: 1,213,095.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 23
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030712434 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX XXXXXXX
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,266.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030712467 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX XXX
01 CITY : CROFTON
STATE/ZIP : MD 21114
MORTGAGE AMOUNT : 265,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,399.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98700
---------------------------------------------------------------
0 0030714422 MORTGAGORS: XXXXXX XXXX
XXXXXX XXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXXX
01 CITY : STATEN ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 211,274.10 OPTION TO CONVERT :
UNPAID BALANCE : 210,833.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/25
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 76.82600
---------------------------------------------------------------
0 0030715700 MORTGAGORS: XXXXXXXXX XXXXX
XXX YEONMI
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXXX
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,381.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.97100
---------------------------------------------------------------
0 0030715833 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,615.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 91.41800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,249,374.10
P & I AMT: 9,356.03
UPB AMT: 1,246,496.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 24
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030717755 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 X.X. 00 XXXX
01 CITY : MIAMI
STATE/ZIP : FL 33157
MORTGAGE AMOUNT : 117,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,713.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 899.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 86.66600
---------------------------------------------------------------
0 0030717888 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 320,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,551.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.11700
---------------------------------------------------------------
0 0030717979 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030718951 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : BUDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,517.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.77700
---------------------------------------------------------------
0 0030718977 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXX XXXX XXXX
01 CITY : CHATHAN
STATE/ZIP : XX 00000
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 : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.33300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,400.00
P & I AMT: 10,201.21
UPB AMT: 1,394,511.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 25
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030720874 MORTGAGORS: BUCK WITHER
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 372,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,671.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030721526 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : WEST UNIVERSITY
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 291,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,344.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99600
---------------------------------------------------------------
0 0030722029 MORTGAGORS: NORDEN TRUST XXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,480.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030723373 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 265,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,446.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
---------------------------------------------------------------
0 0030724785 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : STATEN ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,676.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,667.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.04000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,748,449.00
P & I AMT: 12,539.68
UPB AMT: 1,746,847.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 26
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030724868 MORTGAGORS: XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 57,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,960.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 413.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.51724
---------------------------------------------------------------
0 0030727416 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : OAKLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,655.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030727564 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 1828 N NANTUCKET
01 CITY : LORAIN
STATE/ZIP : OH 44053
MORTGAGE AMOUNT : 86,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,110.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 729.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/17
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030728026 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : ALTALOMA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 345,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,216.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.88400
---------------------------------------------------------------
0 0030728042 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX XXXXX
01 CITY : DOVE CANYON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 314,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,915.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99094
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,123,150.00
P & I AMT: 8,279.22
UPB AMT: 1,120,858.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 27
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030728414 MORTGAGORS: XXXX XXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,671.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.75700
---------------------------------------------------------------
0 0030730337 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 X. XXXXXXX XXXXX
01 CITY : TOLTEC
STATE/ZIP : AZ 85231
MORTGAGE AMOUNT : 46,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 46,323.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 395.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/17
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.38400
---------------------------------------------------------------
0 0030730915 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXX
01 CITY : CHARLOTTE
STATE/ZIP : NC 28220
MORTGAGE AMOUNT : 284,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,259.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99300
---------------------------------------------------------------
0 0030731368 MORTGAGORS: WHITE XXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : ERIE
STATE/ZIP : CO 80516
MORTGAGE AMOUNT : 221,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,043.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030731467 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,668.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.09500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,048,050.00
P & I AMT: 7,728.56
UPB AMT: 1,046,967.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 28
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030731624 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : RENO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,480.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98400
---------------------------------------------------------------
0 0030731806 MORTGAGORS: XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXX
00 CITY : ROCKAWAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.81100
---------------------------------------------------------------
0 0030731889 MORTGAGORS: MURTHY D.
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : WINCHESTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,272.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030732218 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,247.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.20000
---------------------------------------------------------------
0 0030732648 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : TUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,551.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,850.00
P & I AMT: 9,804.70
UPB AMT: 1,354,552.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 29
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030732663 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXXX
01 CITY : ANDOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 126,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,084.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 908.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030732937 MORTGAGORS: XXXXX XXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XX XXXX XXXXXX
01 CITY : PORT ST. LUCIE
STATE/ZIP : FL 34984
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,902.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 615.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.43100
---------------------------------------------------------------
0 0030732978 MORTGAGORS: XXXX XXXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX
01 CITY : HOPEWELL JUNCTION
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.06500
---------------------------------------------------------------
0 0030733398 MORTGAGORS: XXXXX XXXX
XXXXXXX-XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,857.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.37900
---------------------------------------------------------------
0 0030734107 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : UPPER MONTCLAIR
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,284.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.31400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 865,750.00
P & I AMT: 6,420.60
UPB AMT: 864,844.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 30
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030734149 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : XXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 91,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 659.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.47000
---------------------------------------------------------------
0 0030735658 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX XXX XXXX 000
01 CITY : GARDEN CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,625.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 68.96500
---------------------------------------------------------------
0 0030737274 MORTGAGORS: XXXXXXXXX XXXXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX XXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,547.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030737977 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,170.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97600
---------------------------------------------------------------
0 0030738033 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXXX
01 CITY : GREAT NECK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,563.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.06200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,500.00
P & I AMT: 11,753.38
UPB AMT: 1,599,907.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 31
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030738124 MORTGAGORS: DEA XXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,795.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 69.26315
---------------------------------------------------------------
0 0030739478 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 324,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,084.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,437.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.72900
---------------------------------------------------------------
0 0030739734 MORTGAGORS: XXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : FOLCROFT
STATE/ZIP : PA 19032
MORTGAGE AMOUNT : 85,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,441.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 619.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030741771 MORTGAGORS: XXXXX XXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXX
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.33900
---------------------------------------------------------------
0 0030741821 MORTGAGORS: XXX XXXXX
XXX XXXXXXXXX
REGION CODE ADDRESS : 000 X. XXXXX XXXXXX
01 CITY : EL SEGUNDO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,068.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,315,450.00
P & I AMT: 9,790.39
UPB AMT: 1,314,193.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 32
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030742134 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 X XXXXX XXXXXX
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.49400
---------------------------------------------------------------
0 0030742175 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : WARREN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,550.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,736.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 57.14200
---------------------------------------------------------------
0 0030742241 MORTGAGORS: XXXXXXX XXXXXX
BRAHMAN XXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX, XX
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030742498 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : SCARSDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,534.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 43.90200
---------------------------------------------------------------
0 0030742621 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXX
REGION CODE ADDRESS : 00 XXXXX XXXXX XXXXX
01 CITY : ROYERSFORD
STATE/ZIP : PA 19468
MORTGAGE AMOUNT : 231,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,698.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,850.00
P & I AMT: 11,123.94
UPB AMT: 1,485,609.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 33
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030742860 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX XXXXX
01 CITY : JERICHO
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030743173 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : SCARSDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,022.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.50000
---------------------------------------------------------------
0 0030743371 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : BENSALEM
STATE/ZIP : PA 19020
MORTGAGE AMOUNT : 125,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,813.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 912.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.29078
---------------------------------------------------------------
0 0030743389 MORTGAGORS: XXXXX XXXXXX
XXXXX CASSIDI
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : SOUTHLAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 353,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,974.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030743652 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXXX
01 CITY : STONE HARBOR
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,300.00
P & I AMT: 9,901.42
UPB AMT: 1,361,563.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 34
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030743702 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : XXXXXX
STATE/ZIP : ID 83617
MORTGAGE AMOUNT : 62,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 62,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 454.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.26300
---------------------------------------------------------------
0 0030744296 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : MAPLEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,804.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030744304 MORTGAGORS: XXXXXXX XXXXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : DEMAREST
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 617,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,596.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,581.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 57.12900
---------------------------------------------------------------
0 0030745806 MORTGAGORS: XXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX XXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 471,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,691.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,497.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.26000
---------------------------------------------------------------
0 0030746036 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : AMHERST
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,039.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,400.00
P & I AMT: 12,464.95
UPB AMT: 1,691,132.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 35
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030746044 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXX XXXXXXXXX XXXX
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.63501
---------------------------------------------------------------
0 0030746705 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : CYPRESS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 331,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,233.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99800
---------------------------------------------------------------
0 0030747265 MORTGAGORS: NOBLE XXXXX
XXXXX LAUREN
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : RARITAN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,246.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 94.15400
---------------------------------------------------------------
0 0030747281 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,436.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0030747364 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXXXX XXXX
01 CITY : XXXXX
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 399,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,151.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,035.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 84.99600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,850.00
P & I AMT: 11,525.38
UPB AMT: 1,525,884.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 36
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030747604 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 5902 EAST CALLE DEL SUD
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030747638 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,669.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030747646 MORTGAGORS: XXXXXX XXXXX
XXXXX F.
REGION CODE ADDRESS : 000 XXXX 00XX XXXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,594.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030747844 MORTGAGORS: XXXXXXXX-XXXXX XXXXX
XXXXX MAXIMO
REGION CODE ADDRESS : 00-X XXXXXXXXXXX XXXX
01 CITY : WARWICK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,690.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.18700
---------------------------------------------------------------
0 0030747984 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
01 CITY : MANTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 72,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,654.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 540.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,088,500.00
P & I AMT: 7,889.52
UPB AMT: 1,087,380.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 37
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030748008 MORTGAGORS: SINGH NAND
REGION CODE ADDRESS : 0 XXXXXXX XXX
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,823.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.63700
---------------------------------------------------------------
0 0030748214 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : PRINCE XXXXXXXXX
STATE/ZIP : MD 20678
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98500
---------------------------------------------------------------
0 0030748305 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 14201 0/0 XXXXXXX XXXXXX (XXXXXXX O
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 150,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,902.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,114.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030748503 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : CABIN XXXX
STATE/ZIP : MD 20818
MORTGAGE AMOUNT : 252,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,989.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 61.50000
---------------------------------------------------------------
0 0030748529 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXXX XXXX
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 237,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/17
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 50.06300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,146,850.00
P & I AMT: 8,835.46
UPB AMT: 1,146,315.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 38
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030748602 MORTGAGORS: XXXXX XXXXXXX
XXXXXXX-XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : ROSELLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 107,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,279.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 797.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030748669 MORTGAGORS: XXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : PINEVILLE
STATE/ZIP : LA 71360
MORTGAGE AMOUNT : 32,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 32,378.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 237.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030748727 MORTGAGORS: XXXX XXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXX XXXXX
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.46500
---------------------------------------------------------------
0 0030748859 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXX
00 CITY : NEWPORT COAST AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.63800
---------------------------------------------------------------
0 0030749006 MORTGAGORS: XXXX XXXXXX
XXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
00 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 966,000.00
P & I AMT: 7,073.52
UPB AMT: 965,704.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 39
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030749063 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 1104A THE SEACREST
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 220,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,538.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.80600
---------------------------------------------------------------
0 0030749204 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06107
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,824.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.21000
---------------------------------------------------------------
0 0030749220 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : CHADDS FORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,580.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030749329 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : AUBURN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,686.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.01400
---------------------------------------------------------------
0 0030749550 MORTGAGORS: XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 1301, 1303, 0000 0/0 XXXXX XX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 315,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,495.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,500.00
P & I AMT: 10,664.98
UPB AMT: 1,407,125.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 40
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030749733 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : ROCHESTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 61.02800
---------------------------------------------------------------
0 0030749857 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 12027 BRIDLE POST PLACE
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030750145 MORTGAGORS: XXXXXXXX XXXXXXXX
LEONARDO MELODEE
REGION CODE ADDRESS : 22 STONE POST ROAD
01 CITY : LYME
STATE/ZIP : CT 06371
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 : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.45400
---------------------------------------------------------------
0 0030750285 MORTGAGORS: CALVERT JEFFREY
KONDRACKI LYNNE
REGION CODE ADDRESS : 445 MAIN ST
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.27200
---------------------------------------------------------------
0 0030750392 MORTGAGORS: SOLOMON DAVID
SOLOMON JUANITA
REGION CODE ADDRESS : 2014 SPEAR STREET
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,273.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,000.00
P & I AMT: 11,250.70
UPB AMT: 1,547,199.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030750566 MORTGAGORS: SMOTRICH GARY
SMOTRICH SUSAN
REGION CODE ADDRESS : 4 GRACE HILL COURT
01 CITY : HOPEWELL
STATE/ZIP : NJ 08560
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.84300
---------------------------------------------------------------
0 0030750590 MORTGAGORS: TANDESKE DUANE
TANDESKE MARGARET
REGION CODE ADDRESS : 1603 HALIFAX WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,840.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99800
---------------------------------------------------------------
0 0030750848 MORTGAGORS: HOBBS ROGER
HOBBS NANCY
REGION CODE ADDRESS : 542 PICCADILLY PLACE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 243,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,490.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
---------------------------------------------------------------
0 0030750954 MORTGAGORS: DEYONG BRUCE
DEYONG PAULA
REGION CODE ADDRESS : 403 COUNTRY WOOD
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78216
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 : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030751044 MORTGAGORS: WARREN JOHN
WARREN TONI
REGION CODE ADDRESS : 10631 MARY LANE
01 CITY : MANVEL
STATE/ZIP : TX 77578
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,787.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,074.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.36500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,223,150.00
P & I AMT: 8,900.05
UPB AMT: 1,221,555.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030751143 MORTGAGORS: FELLOWS CHRISTOPHER
FELLOWS ALISON
REGION CODE ADDRESS : 731 RIVER COURT
01 CITY : WINCHENDON
STATE/ZIP : MA 01475
MORTGAGE AMOUNT : 112,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,220.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 804.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98300
---------------------------------------------------------------
0 0030751655 MORTGAGORS: YOUNG RONALD
YOUNG NANCY
REGION CODE ADDRESS : 45 HOMESTEAD ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,742.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 74.56100
---------------------------------------------------------------
0 0030751804 MORTGAGORS: LANDMAN SCOTT
REGION CODE ADDRESS : 774 DURHAM ROAD
01 CITY : EAST MEADOW
STATE/ZIP : NY 11554
MORTGAGE AMOUNT : 193,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,473.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030751960 MORTGAGORS: SINACORI STEPHEN
SINACORI LINDA
REGION CODE ADDRESS : 19 PONDVIEW LANE
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 252,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,996.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 76.93900
---------------------------------------------------------------
0 0030752075 MORTGAGORS: SYLVA DAVID
SYLVA MOJGAN
REGION CODE ADDRESS : 3020 ZACK DRIVE
01 CITY : MOUNT AIRY
STATE/ZIP : MD 21771
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,454.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.77500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,350.00
P & I AMT: 10,685.42
UPB AMT: 1,408,214.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030752943 MORTGAGORS: KERR JIM
KERR SHERRY
REGION CODE ADDRESS : 495 SMITH ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,082.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030752984 MORTGAGORS: SHAW AMY
SHAW JACK
REGION CODE ADDRESS : 15435 MEHERRIN COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,436.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030753305 MORTGAGORS: WEISENSEEL JOHN
WEISENSEEL TINA
REGION CODE ADDRESS : 1620 CRESPO DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,138.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030753354 MORTGAGORS: DEBENEDITTIS JOSEPH
DEBENEDITTIS LINDA
REGION CODE ADDRESS : 29643 PAINT BRUSH DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,158.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 93.86700
---------------------------------------------------------------
0 0030753487 MORTGAGORS: HARRIS CLINTON
HARRIS THERESA
REGION CODE ADDRESS : 29562 VIA VALVERDE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 260,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,733.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,800.00
P & I AMT: 10,067.89
UPB AMT: 1,366,548.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030753545 MORTGAGORS: OROS RICHARD
OROS SHARON
REGION CODE ADDRESS : 310 VANDERVEER ROAD
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,897.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,202.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.00000
---------------------------------------------------------------
0 0030753552 MORTGAGORS: GOTTESMAN GARY
GOTTESMAN ELYSE
REGION CODE ADDRESS : 6 COLT CIRCLE
01 CITY : PRINCETON
STATE/ZIP : NJ 08550
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.18900
---------------------------------------------------------------
0 0030753578 MORTGAGORS: GUTIERREZ GREGORY
GUTIERREZ LISA
REGION CODE ADDRESS : 2715 EAST LARKWOOD STREET
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,827.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.85000
---------------------------------------------------------------
0 0030753735 MORTGAGORS: JENNINGS JEFFERY
JENNINGS CHERYL
REGION CODE ADDRESS : 3536 MARSH CREEK WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 253,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,807.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 94.81900
---------------------------------------------------------------
0 0030753776 MORTGAGORS: POWERS LONNIE
ISRAEL NANCY
REGION CODE ADDRESS : 130 COTTON STREET
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,750.00
P & I AMT: 10,157.63
UPB AMT: 1,375,064.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030753883 MORTGAGORS: VUCHIC BORIS
MATHEW SANDRA
REGION CODE ADDRESS : 10 BEACH AVENUE
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,859.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030753990 MORTGAGORS: MURRAY LUANN
MURRAY STEVEN
REGION CODE ADDRESS : 8129 PASEO TAXCO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
---------------------------------------------------------------
0 0030754519 MORTGAGORS: ROSEBERRY JOSEPH
ROSEBERRY MICHELLE
REGION CODE ADDRESS : 207 PONTOLBA DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : LA 70503
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 515.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.28500
---------------------------------------------------------------
0 0030754576 MORTGAGORS: MORGAN MARK
BATEMA KEITH
REGION CODE ADDRESS : 14 CRESTVIEW
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98400
---------------------------------------------------------------
0 0030754675 MORTGAGORS: GRAVELINE ROBERT
GRAVELINE JOY
REGION CODE ADDRESS : 3008 EVERGREEN CIRCLE
01 CITY : AMES
STATE/ZIP : IA 50014
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,076,100.00
P & I AMT: 7,962.38
UPB AMT: 1,075,777.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030754741 MORTGAGORS: ANTONVICH MARK
ANTONVICH DIANE
REGION CODE ADDRESS : 980 WEST SILVER SPRING PLACE
01 CITY : TUSCON
STATE/ZIP : AZ 85737
MORTGAGE AMOUNT : 294,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,107.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.95400
---------------------------------------------------------------
0 0030754865 MORTGAGORS: ANZALONE MICHAEL
ANZALONE KELLY
REGION CODE ADDRESS : 5840 SLATE HILL PLACE
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 259,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,743.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0030756837 MORTGAGORS: HAAS JOHN
REGION CODE ADDRESS : 3719 N DELAWARE STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,852.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030756951 MORTGAGORS: RYBICKI BERTEN
RYBICKI SUSAN
REGION CODE ADDRESS : 9826 E DESERT TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,647.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,852.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.41300
---------------------------------------------------------------
0 0030757041 MORTGAGORS: BURCHFIELD GARY
BURCHFIELD JOYCE
REGION CODE ADDRESS : 1644 BAHIA VISTA WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,701.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,710,350.00
P & I AMT: 12,582.72
UPB AMT: 1,709,052.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030757058 MORTGAGORS: LAM ANDREW
LAM MILLIE
REGION CODE ADDRESS : 56 BAYPARK CIRCLE
01 CITY : SO SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 367,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99100
---------------------------------------------------------------
0 0030757207 MORTGAGORS: LOUT RANDALL
LOUT CLARA
REGION CODE ADDRESS : 1702 EAST JEANINE DRIVE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,320.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030757249 MORTGAGORS: WEYAND JAMES
WEYAND CYNTHIA
REGION CODE ADDRESS : 326 LYNWOOD DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,841.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030757389 MORTGAGORS: GLASS CHARLES
GLASS SYDNEY
REGION CODE ADDRESS : 9900 SAN BERNADINO N.E.
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.88800
---------------------------------------------------------------
0 0030757488 MORTGAGORS: VERDUGO GEORGE
VERDUGO SANDRA
REGION CODE ADDRESS : 289 FAWN DRIVE
01 CITY : SEDONA
STATE/ZIP : AZ 86336
MORTGAGE AMOUNT : 353,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,068.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,623.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.37800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,550.00
P & I AMT: 11,083.24
UPB AMT: 1,519,981.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030757967 MORTGAGORS: RAYMOND CRAIG
RAYMOND NANCY
REGION CODE ADDRESS : LOT #2 FIVE GAITS FARM
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,700.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.43900
---------------------------------------------------------------
0 0030758379 MORTGAGORS: BENNETT RICHARD
BENNETT SUSAN
REGION CODE ADDRESS : 7411 S CRESCENT COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 225,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,644.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
---------------------------------------------------------------
0 0030758403 MORTGAGORS: CLARK JAMES
GARDNER-CARMODY AMY
REGION CODE ADDRESS : 10324 APPLE PARK COURT
01 CITY : DAYTON
STATE/ZIP : OH 45458
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.68300
---------------------------------------------------------------
0 0030758577 MORTGAGORS: MEYERS DANIEL
MEYERS DONNA
REGION CODE ADDRESS : 25662 ASHBY WAY
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,575.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 86.89600
---------------------------------------------------------------
0 0030759096 MORTGAGORS: QUINN CATHERINE
REGION CODE ADDRESS : 12400 VIRNAMWOOD COURT
01 CITY : BURNSVILLE
STATE/ZIP : MN 55337
MORTGAGE AMOUNT : 88,255.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,139.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 655.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,055.00
P & I AMT: 9,410.71
UPB AMT: 1,284,851.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030759187 MORTGAGORS: SORENSEN ANDREW
SORENSEN KAREN
REGION CODE ADDRESS : 800 EAST HEARTSTRONE STREET
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,310.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030759203 MORTGAGORS: HENSLEY WELDON
HENSLEY LYNNE
REGION CODE ADDRESS : 14004 BINGHAM DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27614
MORTGAGE AMOUNT : 260,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030759211 MORTGAGORS: BRESTEN PAUL
BRESTEN THERESA
REGION CODE ADDRESS : 25 ZACHARY LANE
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,745.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,997.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.00000
---------------------------------------------------------------
0 0030759286 MORTGAGORS: WARD GEORGE
WARD COLLEEN
REGION CODE ADDRESS : 2808 POINTE COVE ROAD
01 CITY : BLOOMINGTON
STATE/ZIP : IN 47401
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,807.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.04000
---------------------------------------------------------------
0 0030759617 MORTGAGORS: VALLE ISMAEL
BRITO DOLORES
REGION CODE ADDRESS : 19 WEST 9TH STREET
01 CITY : BAYONNE
STATE/ZIP : NJ 07002
MORTGAGE AMOUNT : 137,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,664.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,047.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,450.00
P & I AMT: 10,265.76
UPB AMT: 1,373,727.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030759682 MORTGAGORS: CARMEN ELDON
REGION CODE ADDRESS : 162 BLAIR VALLEY
01 CITY : MARRIETTA
STATE/ZIP : GA 30060
MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,357.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030759765 MORTGAGORS: GAETA ANTHONY
WALSH KATHLEEN
REGION CODE ADDRESS : 11 ADAMS COURT
01 CITY : ROCKVILLE CENTRE
STATE/ZIP : NY 11570
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,399.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030759898 MORTGAGORS: CROWE JOHN
REGION CODE ADDRESS : 2501 VALASQUEZ DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 349,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,915.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 46.45400
---------------------------------------------------------------
0 0030759906 MORTGAGORS: MAYES LESTER
REGION CODE ADDRESS : 7392 E VIA ESTRELLA AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,800.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.81100
---------------------------------------------------------------
0 0030760151 MORTGAGORS: CHANDONNET CLAUDE
CHANDONNET LAURA
REGION CODE ADDRESS : 5127 BALTIMORE AVENUE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,900.00
P & I AMT: 11,084.37
UPB AMT: 1,500,072.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030760177 MORTGAGORS: KENT RONALD
MALONEY THERESE
REGION CODE ADDRESS : 2112 EAST OCEAN FRONT
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92661
MORTGAGE AMOUNT : 300,001.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,597.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 23.07700
---------------------------------------------------------------
0 0030760417 MORTGAGORS: POMERANTZ DANIEL
BITTERMAN JACALYN
REGION CODE ADDRESS : 34 BON AIR AVENUE
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.41176
---------------------------------------------------------------
0 0030760458 MORTGAGORS: RUPRECHT RONALD
RUPRECHT ANNA
REGION CODE ADDRESS : 521 FORTRESS CIRCLE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,552.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.60700
---------------------------------------------------------------
0 0030760490 MORTGAGORS: CONNELL DIANE
REGION CODE ADDRESS : 66 PARSLER PLACE
01 CITY : WOODBRIDGE
STATE/ZIP : NJ 07095
MORTGAGE AMOUNT : 94,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 700.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030760557 MORTGAGORS: JOHNSON LONNIE
JOHNSON SYLVIA
REGION CODE ADDRESS : 9525 NW SHADYWOOD LANE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,450.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,207,001.00
P & I AMT: 8,755.76
UPB AMT: 1,205,804.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030760565 MORTGAGORS: BASTIDA ALFONSO
BASTIDA MAGDA
REGION CODE ADDRESS : 2325 LEGGETT LANE
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,873.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030761092 MORTGAGORS: WANGERIN ROBERT
WANGERIN SHEILA
REGION CODE ADDRESS : 37429 S. JADE CREST DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85739
MORTGAGE AMOUNT : 233,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,693.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98600
---------------------------------------------------------------
0 0030761282 MORTGAGORS: ANDERSON LARRY
ANDERSON KATHRYN
REGION CODE ADDRESS : 8595 EAST SHARON DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 465,175.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,893.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,576.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 71.56500
---------------------------------------------------------------
0 0030761399 MORTGAGORS: FEISS CHRISTOPHER
HUBBARD HADLEY
REGION CODE ADDRESS : 7704 RIDER HILL ROAD
01 CITY : TOWSON
STATE/ZIP : MD 21204
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,743.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030761498 MORTGAGORS: YANG KEBING
YAO MENG
REGION CODE ADDRESS : 10834 HILLBROOKE LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 325,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.90100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,425.00
P & I AMT: 12,348.89
UPB AMT: 1,655,403.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030761571 MORTGAGORS: CRAIGO DAVID
CRIAGO KRISTINE
REGION CODE ADDRESS : 665 N FRONTAGE RD WEST 31D
01 CITY : VAIL
STATE/ZIP : CO 81657
MORTGAGE AMOUNT : 236,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,898.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030761613 MORTGAGORS: COX WILLIAM
COX DORA
REGION CODE ADDRESS : 6455 ARLINGTON BLVD
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 294,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,012.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.59500
---------------------------------------------------------------
0 0030761621 MORTGAGORS: SARTAIN ERNEST
MACE KAREN
REGION CODE ADDRESS : 544 ALLENDALE ROAD
01 CITY : KERY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,381.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030761654 MORTGAGORS: PORTER WILLIAM
PORTER MARYL
REGION CODE ADDRESS : 404 WESTLAKE COURT
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,783.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
---------------------------------------------------------------
0 0030761738 MORTGAGORS: DIAZ HENRY
DIAZ INEZ
REGION CODE ADDRESS : 5897 PARK CREST
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,597.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,275.00
P & I AMT: 9,585.91
UPB AMT: 1,283,673.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030761746 MORTGAGORS: WAINWRIGHT SARAH
JANOWITZ JOEL
REGION CODE ADDRESS : 49 GRENVILLE ROAD
01 CITY : WATERTOWN
STATE/ZIP : MA 02172
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,839.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.53800
---------------------------------------------------------------
0 0030761803 MORTGAGORS: COOLEY RICHARD
COOLEY DEBRENEE
REGION CODE ADDRESS : 21000 GIST ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 497,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,066.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,649.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.47700
---------------------------------------------------------------
0 0030761951 MORTGAGORS: WEEKES DOUGLAS
REGION CODE ADDRESS : 10 AMES ROAD
01 CITY : MORRIS TWP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030762116 MORTGAGORS: HILL RICHARD
HILL PAMELA
REGION CODE ADDRESS : 120 RIVERCREST DRIVE
01 CITY : GREENVILLE
STATE/ZIP : NC 27858
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,285.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/16
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.32300
---------------------------------------------------------------
0 0030762314 MORTGAGORS: PARADA J
REGION CODE ADDRESS : 3010 HEMBREE GROVE DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,945.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,500.00
P & I AMT: 11,580.11
UPB AMT: 1,545,136.55
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030762405 MORTGAGORS: HAYEK KIMBERLY
REGION CODE ADDRESS : 2562 SOUT HAMPTON CIRCLE
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33445
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,843.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.00000
---------------------------------------------------------------
0 0030762496 MORTGAGORS: ROGERS WILLIAM
ROGERS BECKY
REGION CODE ADDRESS : 1268 BRANCH MILL ROAD
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030762744 MORTGAGORS: WILSON DAVID
LIRA VALERIE
REGION CODE ADDRESS : 3742 SEINE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,706.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.96200
---------------------------------------------------------------
0 0030763106 MORTGAGORS: BLACKBURN GARY
REGION CODE ADDRESS : 10903 JADESTONE DRIVE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030763361 MORTGAGORS: NAGAHAMA GUY
SCAMPERLE ELIZABETH
REGION CODE ADDRESS : 40 JOY STREET UNIT # 14
01 CITY : BOSTON
STATE/ZIP : MA 02114
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,250.00
P & I AMT: 9,775.23
UPB AMT: 1,298,800.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030763601 MORTGAGORS: LATIMER TYRONE
REGION CODE ADDRESS : 31 GLEASON ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.93600
---------------------------------------------------------------
0 0030763734 MORTGAGORS: LACAYO MAURICIO
REGION CODE ADDRESS : 1905 EAST SAINT ANDREWS DRIVE
01 CITY : MIAMI
STATE/ZIP : FL 33015
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,713.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030763759 MORTGAGORS: FUJARA HAROLD
FUJARA KRYSTYNA
REGION CODE ADDRESS : 7112 W. PETERSON
01 CITY : CHICAGO
STATE/ZIP : IL 60631
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,556.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.61500
---------------------------------------------------------------
0 0030763767 MORTGAGORS: RAJARATNAM SANJAY
RAJARATNAM JOSEPHINE
REGION CODE ADDRESS : 41 WISTERIA COURT
01 CITY : PISCATAWAY
STATE/ZIP : NJ 08854
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,232.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.98600
---------------------------------------------------------------
0 0030763957 MORTGAGORS: BRICKETT STEPHEN
BRICKETT VINNY
REGION CODE ADDRESS : 2 VERA ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,627.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,318,200.00
P & I AMT: 9,916.77
UPB AMT: 1,317,130.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030764013 MORTGAGORS: BURNS DENNIS
BURNS MARTHA
REGION CODE ADDRESS : 41 PARK LANE
01 CITY : ESSEX FELLS
STATE/ZIP : NJ 07021
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
---------------------------------------------------------------
0 0030764021 MORTGAGORS: YOUNG FARON
YOUNG SANDRA
REGION CODE ADDRESS : 454 WAITSBORO DRIVE
01 CITY : SOMERSET
STATE/ZIP : KY 42501
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,832.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.14200
---------------------------------------------------------------
0 0030764062 MORTGAGORS: VO LINH
NGUYEN DANIEL
REGION CODE ADDRESS : 5802 HOLGER COURT
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 234,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,649.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99300
---------------------------------------------------------------
0 0030764096 MORTGAGORS: FLINN TIMOTHY
HAND ERIN
REGION CODE ADDRESS : 1716 DURRETT COVE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,328.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030764146 MORTGAGORS: SPELLMAN JOHN
SPELLMAN ROBIN
REGION CODE ADDRESS : 4008 WATER WILLOW LANE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,400.00
P & I AMT: 9,961.35
UPB AMT: 1,348,608.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030764252 MORTGAGORS: DEVITO CONCETTA
REGION CODE ADDRESS : 206-45 WEST SHEARWATER CT
01 CITY : JERSEY CITY
STATE/ZIP : NJ 07305
MORTGAGE AMOUNT : 111,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,101.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
0 0030764427 MORTGAGORS: WELLS JAN
WELLS TIMOTH
REGION CODE ADDRESS : 19420 S MUIRFIELD CIRCLE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 628,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 627,589.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,662.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030764443 MORTGAGORS: VILLAMIL ALFONSO
VILLAMIL ELENA
REGION CODE ADDRESS : 6149 TARAFAYA DRIVE
01 CITY : CORPUS CHRISTI
STATE/ZIP : TX 78414
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,844.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98900
---------------------------------------------------------------
0 0030764542 MORTGAGORS: REYNOLDS TIMOTHY
REYNOLDS DEBORAH
REGION CODE ADDRESS : 60 SCARBOROUGH PARK
01 CITY : PENFIELD
STATE/ZIP : NY 14625
MORTGAGE AMOUNT : 257,586.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,586.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
---------------------------------------------------------------
0 0030764724 MORTGAGORS: ALEXANDER PAUL
ALEXANDER DENISE
REGION CODE ADDRESS : 8704 VICTORY LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96786
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,886.00
P & I AMT: 11,006.22
UPB AMT: 1,484,943.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030764823 MORTGAGORS: BYKOFSKY SUSAN
BYKOFSKY MARSHALL
REGION CODE ADDRESS : 5620 SHERRIER PLACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,715.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030764856 MORTGAGORS: AYOUB DANIEL
AYOUB JENNIFER
REGION CODE ADDRESS : 2938 SMITH FARM WAY
01 CITY : HERNDON
STATE/ZIP : VA 22070
MORTGAGE AMOUNT : 268,580.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,380.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030764864 MORTGAGORS: SWEENEY MARK
SWEENEY JULIA
REGION CODE ADDRESS : 4521 GOLF VISTA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 326,455.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,241.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,423.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99900
---------------------------------------------------------------
0 0030764880 MORTGAGORS: FRASER DENISE
FRASER WILLIAM
REGION CODE ADDRESS : 4705 EAGLE FEATHER DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,536.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99200
---------------------------------------------------------------
0 0030764930 MORTGAGORS: BERNSTEIN BRUCE
AUFRICHTS-BERNS SHERYL
REGION CODE ADDRESS : 136 NORTH MAIN STREET
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,829.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.48700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,735.00
P & I AMT: 11,581.84
UPB AMT: 1,562,703.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030765119 MORTGAGORS: PENICNAK ADRIAN
PENICNAK FERN
REGION CODE ADDRESS : 151 LOOKOUT ROAD
01 CITY : MOUNTAIN LAKE
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,668.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,906.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.72400
---------------------------------------------------------------
0 0030765176 MORTGAGORS: MYERS BETH
MYERS MARC
REGION CODE ADDRESS : 33 NICKERSON ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030765457 MORTGAGORS: MC GRATH KEVIN
MC GRATH ROBIN
REGION CODE ADDRESS : 3940 GANN ROAD
01 CITY : SYMRNA
STATE/ZIP : GA 30082
MORTGAGE AMOUNT : 224,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,503.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98900
---------------------------------------------------------------
0 0030765739 MORTGAGORS: ROEN DUANE
ROEN MAUREEN
REGION CODE ADDRESS : 2021 E CARMEN STREET
01 CITY : TEMPE
STATE/ZIP : AZ 85283
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,858.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030765754 MORTGAGORS: GOODWIN BILLY
GOODWIN GAIL
REGION CODE ADDRESS : 1490 WINDSOR COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 222,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,561.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.96800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,850.00
P & I AMT: 12,076.71
UPB AMT: 1,604,091.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030765796 MORTGAGORS: PETERSON KENNETH
PETERSON CAROLINE
REGION CODE ADDRESS : 905 7TH AVENUE SOUTH
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.73100
---------------------------------------------------------------
0 0030765929 MORTGAGORS: DUHON MARCUS
DUHON PAULA
REGION CODE ADDRESS : 16113 CRANLEIGH DRIVE
01 CITY : HUNTERSVILLE
STATE/ZIP : NC 28078
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,047.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98600
---------------------------------------------------------------
0 0030766091 MORTGAGORS: MAGRUDER WALTER
REGION CODE ADDRESS : 10641 MACARTHUR BOULEVARD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 489,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,256.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,637.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.99500
---------------------------------------------------------------
0 0030766125 MORTGAGORS: DONAHUE NEAL
DONAHUE KRISTEN
REGION CODE ADDRESS : 325 COLOMBUS AVENUE UNIT #6
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,898.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,115.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030766547 MORTGAGORS: VILLAREALE CHRISTOPHER
VILLAREALE SUZANNE
REGION CODE ADDRESS : 2010 LORO COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 463,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,204.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,600.00
P & I AMT: 12,030.00
UPB AMT: 1,621,406.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030766695 MORTGAGORS: O'CONNELL MARK
HAGEN CONNIE
REGION CODE ADDRESS : 3639 HEATHERSTONE
01 CITY : WINDSOR
STATE/ZIP : WI 53590
MORTGAGE AMOUNT : 227,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,139.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98400
---------------------------------------------------------------
0 0030766703 MORTGAGORS: TONER WILLIAM
TONER CAROL
REGION CODE ADDRESS : 14733 EAST MOUNTAIN MAJESTY
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98873
---------------------------------------------------------------
0 0030767032 MORTGAGORS: FULOP ALBERT
FULOP ESTHER
REGION CODE ADDRESS : 16 JULIANA PLACE UNIT 123
01 CITY : BROOKLYN
STATE/ZIP : NY 11211
MORTGAGE AMOUNT : 221,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,115.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030767040 MORTGAGORS: HOLDER PATRICK
HOLDER LEE
REGION CODE ADDRESS : 304 YORKSHIRE DRIVE
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030767131 MORTGAGORS: HAYLEY DAVID
HAYLEY KELLY
REGION CODE ADDRESS : 3902 EMERALD FALLS DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,210.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,950.00
P & I AMT: 9,644.38
UPB AMT: 1,298,466.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030767149 MORTGAGORS: MANNING MEREDITH
YOUEL JEFFREY
REGION CODE ADDRESS : 4885 ALGONQUIN COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,806.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030767164 MORTGAGORS: CHACON JEREMIAS
CHACON ABIGAIL
REGION CODE ADDRESS : 12500 STRATFORD GARDEN DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 270,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,349.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99700
---------------------------------------------------------------
0 0030767172 MORTGAGORS: NASUTION SJAMSIR
NASUTION TINE
REGION CODE ADDRESS : 121 APPLE BLOSSOM WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 261,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,220.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98500
---------------------------------------------------------------
0 0030767180 MORTGAGORS: DILBECK ERIC
DILBECK SUSAN
REGION CODE ADDRESS : 9508 OAK STREAM COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030767206 MORTGAGORS: LYON JOHN
LYON BETTY
REGION CODE ADDRESS : 1420 STABLE LANE
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,171.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 59.09000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,721,950.00
P & I AMT: 12,943.97
UPB AMT: 1,721,210.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030767271 MORTGAGORS: WALSH JOSEPH
WALSH LORENA
REGION CODE ADDRESS : 1763 WOODLAND AVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,339.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030767412 MORTGAGORS: WOODBURY THOMAS
REGION CODE ADDRESS : 12917 CHEROKEE ROAD
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,848.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 86.78500
---------------------------------------------------------------
0 0030767479 MORTGAGORS: TURMAN JOHN
REGION CODE ADDRESS : 2045 MONROE AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,046.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030767693 MORTGAGORS: BETSINGER DANIEL
BETSINGER DARILYN
REGION CODE ADDRESS : 1835 ROOSES LANE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46217
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,645.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030768030 MORTGAGORS: SCHWARTZ DAVID
PRICE-SCHWARTZ JANE
REGION CODE ADDRESS : 99 PINE RIDGE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,088.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,550.00
P & I AMT: 10,584.63
UPB AMT: 1,428,880.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030768089 MORTGAGORS: GARCIA FRANCISCO
REGION CODE ADDRESS : 2770 BRISTOL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,922.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 73.80900
---------------------------------------------------------------
0 0030768154 MORTGAGORS: CASEY KATHLEEN
FEASTER TOD
REGION CODE ADDRESS : 1801 NORTH HERRIN AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,171.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.43300
---------------------------------------------------------------
0 0030768162 MORTGAGORS: CHOWDHURY JASPAL
CHOWDHURY RASHMI
REGION CODE ADDRESS : 4517 MAUREEN CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,824.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 88.29431
---------------------------------------------------------------
0 0030768204 MORTGAGORS: SHEETZ PATRICIA
SHEETZ ROBERT
REGION CODE ADDRESS : 5509 TANBARK ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030768279 MORTGAGORS: DUCKETT GREGORY
REGION CODE ADDRESS : 5719 HIGHLAND AVENUE
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,359.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,208,900.00
P & I AMT: 9,022.14
UPB AMT: 1,208,103.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030768352 MORTGAGORS: WOLF VALYA
REGION CODE ADDRESS : 10890 SW 38TH DRIVE
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 312,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,944.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99800
---------------------------------------------------------------
0 0030768428 MORTGAGORS: RODGERS GARY
RODGERS TAMMY
REGION CODE ADDRESS : 22 MILE DRIVE
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,737.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030768493 MORTGAGORS: LAMB ROBERT
LAMB CONNIE
REGION CODE ADDRESS : 890 GALLANT FOX LANE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,337.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.61500
---------------------------------------------------------------
0 0030768618 MORTGAGORS: MONELL MICHAEL
MONELL ROBIN
REGION CODE ADDRESS : 1870 STACEY WAY
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,087.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.82889
---------------------------------------------------------------
0 0030768642 MORTGAGORS: NGUYEN KHAI
PHAM LINH
REGION CODE ADDRESS : 499 SUISSE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,621.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,650.00
P & I AMT: 9,639.54
UPB AMT: 1,304,728.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030768667 MORTGAGORS: DEVERA MALOUGE
KINGSLEY GARY
REGION CODE ADDRESS : 222 CUESTA DRIVE
01 CITY : SO. SAN FRANCISCO
STATE/ZIP : CA 94080
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.79200
---------------------------------------------------------------
0 0030768691 MORTGAGORS: ROWSELL JOHN
ROWSELL KRISTI
REGION CODE ADDRESS : 600 SUMMERDALE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.82000
---------------------------------------------------------------
0 0030768717 MORTGAGORS: TURNER P
REGION CODE ADDRESS : 30452 WINCHESTER ROAD
01 CITY : CASTAIC
STATE/ZIP : CA 91384
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030768857 MORTGAGORS: SHANKS ROBERT
SHANKS JO ELLEN
REGION CODE ADDRESS : 10 FOX OAK COURT
01 CITY : SACREMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,756.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/25
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030768980 MORTGAGORS: BETESH STEPHEN
BETESH LISA
REGION CODE ADDRESS : 8 BRIDLE DRIVE
01 CITY : WEST LONG BRANCH
STATE/ZIP : NJ 07764
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,500.00
P & I AMT: 10,896.54
UPB AMT: 1,465,861.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030769020 MORTGAGORS: PITTS MAUREEN
REGION CODE ADDRESS : 77 NARRAGANSETT ROAD
01 CITY : QUINCY
STATE/ZIP : MA 02169
MORTGAGE AMOUNT : 131,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,168.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 997.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.15200
---------------------------------------------------------------
0 0030769038 MORTGAGORS: MARSH DOUGLAS
BROWN GLORIA
REGION CODE ADDRESS : 1328 NORTHEAST 40TH STREET
01 CITY : RENTON
STATE/ZIP : WA 98056
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.93300
---------------------------------------------------------------
0 0030769095 MORTGAGORS: BRUNKOW KEVIN
BRUNKOW VIOLA
REGION CODE ADDRESS : 7536 CROOKED OAK COURT
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 319,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,396.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.77700
---------------------------------------------------------------
0 0030769103 MORTGAGORS: HERRING JACKIE
MC DONOUGH JAMES
REGION CODE ADDRESS : 6855 SHADY LAKE LANE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030769277 MORTGAGORS: ELEFSON DONALD
ELEFSON MARTINE
REGION CODE ADDRESS : 88 RUSSELL ROAD
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,100.00
P & I AMT: 9,906.02
UPB AMT: 1,356,608.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030769285 MORTGAGORS: HALL OLSZEWSKI ELIZABETH
OLSZEWSKI SCOTT
REGION CODE ADDRESS : 6 ALHAMBRA ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,461.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030769293 MORTGAGORS: COHEN LAWRENCE
FABINY ANNE
REGION CODE ADDRESS : 175 WINTHROP ROAD UNIT#3
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
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 : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.68400
---------------------------------------------------------------
0 0030769327 MORTGAGORS: TOSINI JOSEPH
REGION CODE ADDRESS : 115 BRIARCLIFF ROAD
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,863.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 60.00000
---------------------------------------------------------------
0 0030769400 MORTGAGORS: TATOSIAN SARKIS
TATOSIAN MAUREEN
REGION CODE ADDRESS : 700 LINDEN AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.20700
---------------------------------------------------------------
0 0030769434 MORTGAGORS: BISHOP PARVIN
BISHOP BONNIE
REGION CODE ADDRESS : 5096 OLD MOUNTAIN TRAIL
01 CITY : POWDER SPRINGS
STATE/ZIP : GA 30073
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,389,000.00
P & I AMT: 10,197.97
UPB AMT: 1,388,863.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030769467 MORTGAGORS: GENTILE THOMAS
BEISE ELIZABETH
REGION CODE ADDRESS : 9604 GLENCREST LANE
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030769517 MORTGAGORS: STEURY LESLIE
REGION CODE ADDRESS : 1616 ALAMEDA AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : OH 44107
MORTGAGE AMOUNT : 68,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 516.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.08000
---------------------------------------------------------------
0 0030769558 MORTGAGORS: LINDER MARLIN
LINDER CLARINE
REGION CODE ADDRESS : 0579 NEILSON GULCH RD.
01 CITY : EAGLE
STATE/ZIP : CO 81631
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030769715 MORTGAGORS: CAREY PAUL
MESSER-CAREY CYNTHIA
REGION CODE ADDRESS : 2008 INLAND COVE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030769806 MORTGAGORS: EARL KENNETH
SEGOOL-EARL KIM
REGION CODE ADDRESS : 7997 JENNET STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,036,800.00
P & I AMT: 7,535.14
UPB AMT: 1,036,133.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030769814 MORTGAGORS: FABRIZIO VINCENT
HOWARD-FABRIZIO MARIE
REGION CODE ADDRESS : 6411 LAKEVIEW DRIVE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22041
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,405.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030769954 MORTGAGORS: MORRIS JUDY
REGION CODE ADDRESS : 3 WINTERBERRY COURT
01 CITY : BOLINGBROOK
STATE/ZIP : IL 60440
MORTGAGE AMOUNT : 223,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,318.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.98400
---------------------------------------------------------------
0 0030770127 MORTGAGORS: LONGE CHRISTOPHER
LONGE FRANCES
REGION CODE ADDRESS : 24084 WESTMONT DRIVE
01 CITY : NOVI
STATE/ZIP : MI 48374
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,215.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.83782
---------------------------------------------------------------
0 0030770507 MORTGAGORS: LAMBERT ADRIAN
LAMBERT MADELEINE
REGION CODE ADDRESS : 3801 YORKSHIRE DRIVE
01 CITY : LAKE CHARLES
STATE/ZIP : LA 70605
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.92300
---------------------------------------------------------------
0 0030770549 MORTGAGORS: SCHURIG JOSEPH
SCHULHAFER KAREN
REGION CODE ADDRESS : 17 WYCHVIEW DRIVE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.01100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,050.00
P & I AMT: 9,280.53
UPB AMT: 1,279,761.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030770580 MORTGAGORS: MANAVI MAHDAD
MANAVI FARANAK
REGION CODE ADDRESS : 6075 CROSSVIEW CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 454,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,117.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030770598 MORTGAGORS: SCIRICA JOSEPH
SCIRICA MARIE
REGION CODE ADDRESS : 27 JAY RD
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030770671 MORTGAGORS: MILAZZO ALAN
MILAZZO LEDA
REGION CODE ADDRESS : 11 CHIPMUNK LANE
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99600
---------------------------------------------------------------
0 0030771042 MORTGAGORS: HARLAN DOUGLAS
POWELL CHRISTOPHER
REGION CODE ADDRESS : 7934 LARKSPUR LANE
01 CITY : RUSSELL
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,373.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.08300
---------------------------------------------------------------
0 0030771091 MORTGAGORS: SHARP PHILIP
SHARP BETH
REGION CODE ADDRESS : 11033 SW 37TH
01 CITY : MANOR DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.97200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,500.00
P & I AMT: 11,306.78
UPB AMT: 1,507,217.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030771174 MORTGAGORS: BANGERT BRUCE
BANGERT SUZANNE
REGION CODE ADDRESS : 5606 SOUTH HELENA COURT
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,446.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.06400
---------------------------------------------------------------
0 0030771182 MORTGAGORS: JACKSON CHRISTOPHER
JACKSON ADRIANNE
REGION CODE ADDRESS : 4110 DANIEL GREEN TRAIL
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 216,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,615.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.23900
---------------------------------------------------------------
0 0030771216 MORTGAGORS: ROBIBERO ERIC
ROBIBERO JETTE
REGION CODE ADDRESS : 3 ALCOTT ROAD
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.12500
---------------------------------------------------------------
0 0030771349 MORTGAGORS: PATTERSON RANDE
PATTERSON SHARON
REGION CODE ADDRESS : 2807 CORTE ESMERALDA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.84100
---------------------------------------------------------------
0 0030771398 MORTGAGORS: O'BRIEN TERENCE
WAITE-O'BRIEN NANCY
REGION CODE ADDRESS : 463 VEREDA NORTE
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 498,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,473.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,703.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,150.00
P & I AMT: 10,967.95
UPB AMT: 1,462,535.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030771406 MORTGAGORS: ROACH TIMOTHY
ROACH PRISCILLA
REGION CODE ADDRESS : 11 EDWARD CORRIGAN RD.
01 CITY : NORTH ATTLEBORO
STATE/ZIP : MA 02760
MORTGAGE AMOUNT : 114,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,927.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 856.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030771471 MORTGAGORS: DEMOREST LAWRIE
KYSER L.
REGION CODE ADDRESS : 1263 BEECH VALLEY ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.94100
---------------------------------------------------------------
0 0030771497 MORTGAGORS: FLICKINGER BRADLEY
FLICKINGER MARGARET
REGION CODE ADDRESS : 1707 VALLEY AVENUE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030771539 MORTGAGORS: STERN ARON
STERN BARBARA
REGION CODE ADDRESS : 3482 CORTE CLARITA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 314,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,666.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030771570 MORTGAGORS: GLASS TIMOTHY
GLASS CONSTANCE
REGION CODE ADDRESS : 380 SHADES COURT
01 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,847.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.45400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,900.00
P & I AMT: 9,119.69
UPB AMT: 1,250,030.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030771695 MORTGAGORS: LEECH DAVID
LEECH ERNESTINE
REGION CODE ADDRESS : 23 SAND OAKS ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.96900
---------------------------------------------------------------
0 0030771844 MORTGAGORS: HELTON G
HELTON STACY
REGION CODE ADDRESS : 2707 JEWELSTONE CT.
01 CITY : FT. COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,441.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.58800
---------------------------------------------------------------
0 0030771877 MORTGAGORS: NGUYEN KHANH
ANGLE-NGUYEN LORI
REGION CODE ADDRESS : 50 DESERT WILLOW WAY
01 CITY : RENO
STATE/ZIP : NV 89511
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.88200
---------------------------------------------------------------
0 0030771968 MORTGAGORS: MEDINA CLAUDIO
MEDINA GINA
REGION CODE ADDRESS : 13512 GREENSTONE DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.89800
---------------------------------------------------------------
0 0030772065 MORTGAGORS: GOLD NEAL
REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9
01 CITY : BOSTON
STATE/ZIP : MA 02215
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.34200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,600.00
P & I AMT: 10,876.62
UPB AMT: 1,488,891.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030772123 MORTGAGORS: HAHN YOUNG
HAHN MIKYONG
REGION CODE ADDRESS : 16 LE PARC COURT
01 CITY : WEST WINDSOR TWP.
STATE/ZIP : NJ 08619
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,536.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/17
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.23000
---------------------------------------------------------------
0 0030772131 MORTGAGORS: MARKIN LOUIS
MARKIN SHAWN
REGION CODE ADDRESS : 36 OLDE PRESTWICK WAY
01 CITY : PENFIELD
STATE/ZIP : NY 14526
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.68800
---------------------------------------------------------------
0 0030772222 MORTGAGORS: DOCKERY TIMOTHY
DOCKERY SUSAN
REGION CODE ADDRESS : 1140 W FARWELL UNIT 1W
01 CITY : CHICAGO
STATE/ZIP : IL 60626
MORTGAGE AMOUNT : 135,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,286.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030772297 MORTGAGORS: KOERNER ANTHONY
GRIER HARDING VICTORIA
REGION CODE ADDRESS : 1555 SCENIC DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,652.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030772347 MORTGAGORS: BEALE JOHN
BEALE BRENDA
REGION CODE ADDRESS : 1449 BURWELL RD.
01 CITY : HARVEST
STATE/ZIP : AL 35749
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,686.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,225.00
P & I AMT: 10,612.09
UPB AMT: 1,417,348.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030772578 MORTGAGORS: PIRRAGLIA KAREN
REGION CODE ADDRESS : 60 INDIAN HILL ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,635.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030772586 MORTGAGORS: CHISHOLM BRIAN
REGION CODE ADDRESS : 9 EMORY ROAD UNIT 151
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 242,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030772719 MORTGAGORS: LOEB DANIEL
PILTCH DEBORAH
REGION CODE ADDRESS : 140 BILLINGS STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,808.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030772792 MORTGAGORS: MIZUMOTO GENE
MIZUMOTO DARLENE
REGION CODE ADDRESS : 2226 N SAN MIGUEL DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,145.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,685.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
---------------------------------------------------------------
0 0030772834 MORTGAGORS: KOUTCHOUK FRANCOIS
PERLMUTTER ATHENA
REGION CODE ADDRESS : 6161 E CASTRO VALLEY BLVD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.78700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,000.00
P & I AMT: 10,923.40
UPB AMT: 1,469,197.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030772842 MORTGAGORS: MOORE STEVEN
REGION CODE ADDRESS : 6264 W ROSE GARDEN LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,349.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030772867 MORTGAGORS: SULLIVAN ROBERT
SULLIVAN CHRISTINE
REGION CODE ADDRESS : 3060 NORTH RIDGECREST #110
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 215,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,801.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.97800
---------------------------------------------------------------
0 0030773071 MORTGAGORS: SWINEHART JAMES
SWINEHART KATHLEEN
REGION CODE ADDRESS : 612 NORTH MAYO STREET
01 CITY : CRYSTAL BEACH
STATE/ZIP : FL 34681
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,577.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030773097 MORTGAGORS: HARRIS JAMES
HARRIS JOSETTE
REGION CODE ADDRESS : 659 GLENCOVE STREET
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 346,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,573.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030773329 MORTGAGORS: MICHELS STEVE
MICHELS ANN
REGION CODE ADDRESS : 9408 BELMONT LANE
01 CITY : WAXHAM
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 243,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,673.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,850.00
P & I AMT: 9,604.83
UPB AMT: 1,305,975.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030773501 MORTGAGORS: HENRY JOHN
HENRY EILEEN
REGION CODE ADDRESS : 5936 JOSHUA TRAIL
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 214,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,063.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030773584 MORTGAGORS: RODRIGUEZ RAUL
GOODMAN-RODRIGUEZ NANCY
REGION CODE ADDRESS : 25740 BARNETT LANE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 227,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,085.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0030773717 MORTGAGORS: HUGHES BARRY
HUGHES DEBORAH
REGION CODE ADDRESS : 2112 MANCHESTER PLACE NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87107
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,662.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030773766 MORTGAGORS: HOANG HIEP
HOANG MARIA
REGION CODE ADDRESS : 14 FLINTSTONE
01 CITY : LUGUNA HILLS
STATE/ZIP : CA 92656
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030773782 MORTGAGORS: ZUBOWSKY PAUL
ZUBOWSKY BARBARA
REGION CODE ADDRESS : 1120 EAST OCRACOKE COURT
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,953.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,112,800.00
P & I AMT: 8,222.71
UPB AMT: 1,111,861.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030773808 MORTGAGORS: MARKS JONATHAN
REGION CODE ADDRESS : 10905 CANYON ROAD
01 CITY : FORESTVILLE
STATE/ZIP : CA 95436
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030773816 MORTGAGORS: HIRAGA RONALD
NISHIKAWA GAYLE
REGION CODE ADDRESS : 813 EVELYN AVENUE
01 CITY : ALBANY
STATE/ZIP : CA 94706
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030773832 MORTGAGORS: CAPLAN STANLEY
CAPLAN LINDA
REGION CODE ADDRESS : 5227 HOLLY STREET
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030773923 MORTGAGORS: CHUCHMAN RICHARD
CHUCHMAN LUCILLE
REGION CODE ADDRESS : 8565 WILLOW WISP CT
01 CITY : LAUREL
STATE/ZIP : MD 20723
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,692.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.16200
---------------------------------------------------------------
0 0030774020 MORTGAGORS: JORDAN WALTER
JORDAN BARBARA
REGION CODE ADDRESS : 16 FOREST DR
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,734.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.88353
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,500.00
P & I AMT: 10,303.00
UPB AMT: 1,417,375.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030774053 MORTGAGORS: HENRY ANTHONY
HENRY KAY
REGION CODE ADDRESS : 3094 STEEPLEGATE DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : TN 38138
MORTGAGE AMOUNT : 314,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,688.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99700
---------------------------------------------------------------
0 0030774095 MORTGAGORS: VON BURGER JEFFREY
VON BURGER CARMEN
REGION CODE ADDRESS : 5671 WIDGEON WAY
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,822.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.98700
---------------------------------------------------------------
0 0030774137 MORTGAGORS: TOMASUOLO VINCENT
TOMASUOLO ROBIN
REGION CODE ADDRESS : 1351 TAMARACK ROAD
01 CITY : WALL TOWNSHIP
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,799.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.46800
---------------------------------------------------------------
0 0030774145 MORTGAGORS: OSGOODBY GEORGE
OSGOODBY LAURA
REGION CODE ADDRESS : 2377 APPLE RIDGE CIRCLE
01 CITY : WALL TOWNSHIP
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.52900
---------------------------------------------------------------
0 0030774152 MORTGAGORS: PATEL HEMANT
PATEL SUDHA
REGION CODE ADDRESS : 5931 25TH AVENUE WEST
01 CITY : EVERETT
STATE/ZIP : WA 98203
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 : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,350.00
P & I AMT: 10,689.59
UPB AMT: 1,432,420.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030774434 MORTGAGORS: DRAEKER SCOTT
DRAEKER KATHRYN
REGION CODE ADDRESS : 12691 BONITA HEIGHTS
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,581.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030774491 MORTGAGORS: GERWIG KATHERINE
GOLDMAN MARK
REGION CODE ADDRESS : 245 PURDUE AVENUE
01 CITY : KENSINGTON
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.01400
---------------------------------------------------------------
0 0030774517 MORTGAGORS: MARTIN ANDRE
SY NORBERT
REGION CODE ADDRESS : 72 TEMPLAR PLACE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,812.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030774525 MORTGAGORS: ARNOLD JERROL
ARNOLD REBECCA
REGION CODE ADDRESS : 16022 27TH DRIVE SE
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.45800
---------------------------------------------------------------
0 0030774749 MORTGAGORS: SANCHEZ HENRY
PYERS TRACIE
REGION CODE ADDRESS : 1147 GLENVIEW DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,287,750.00
P & I AMT: 9,317.48
UPB AMT: 1,286,859.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030774756 MORTGAGORS: BURTON GREGORY
BURTON KAREN
REGION CODE ADDRESS : 13 HARBOR VIEW DRIVE
01 CITY : SUGARLAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,582.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030774764 MORTGAGORS: DAROW SUSAN
REGION CODE ADDRESS : 734 CLINTON PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.84600
---------------------------------------------------------------
0 0030774780 MORTGAGORS: CULLEN LAURA
CULLEN MICHAEL
REGION CODE ADDRESS : 22 HAWTHORNE DRIVE
01 CITY : SUCCASUNNA
STATE/ZIP : NJ 07876
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,703.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.57800
---------------------------------------------------------------
0 0030774822 MORTGAGORS: CASTRILLON PATRICK
CASTRILLON DIANNE
REGION CODE ADDRESS : 4414 WORDSWORTH LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28211
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,509.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 91.08900
---------------------------------------------------------------
0 0030774871 MORTGAGORS: TUNHEIM BODI
ROSE LISA
REGION CODE ADDRESS : 131 BAYONA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,613.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,315,700.00
P & I AMT: 9,683.08
UPB AMT: 1,314,409.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030774939 MORTGAGORS: REESE WILLIE
REESE E.
REGION CODE ADDRESS : 9440 TEXHOMA AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91325
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030775183 MORTGAGORS: BICKERT MICHAEL
BICKERT JUDITH
REGION CODE ADDRESS : 6955 WEST EVANS DRIVE
01 CITY : PEORIA
STATE/ZIP : AZ 85381
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030775357 MORTGAGORS: KAPLAN PAUL
KAPLAN KATHRYN
REGION CODE ADDRESS : 1412 BEUTEL DR
01 CITY : HOUSTON
STATE/ZIP : TX 77055
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,215.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030775373 MORTGAGORS: SHEVLIN JEFFREY
SHEVLIN CECILIA
REGION CODE ADDRESS : 3520 DUTCH WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,326.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.88800
---------------------------------------------------------------
0 0030775472 MORTGAGORS: BAKER JOHN
BAKER JANICE
REGION CODE ADDRESS : 8300 CROWN COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22308
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,203,100.00
P & I AMT: 8,825.48
UPB AMT: 1,202,430.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030775613 MORTGAGORS: OFFERMAN THOMAS
OFFERMAN JANE
REGION CODE ADDRESS : 2762 BERKELEY AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,351.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.82400
---------------------------------------------------------------
0 0030775720 MORTGAGORS: YANG YONGHE
HAO XIAO
REGION CODE ADDRESS : 104 APPLE BLOSSOM WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 243,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030775894 MORTGAGORS: KLIEN SAMANEZ MONICA
BENNETT PHILIP
REGION CODE ADDRESS : 2 GURNEY STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.86700
---------------------------------------------------------------
0 0030775944 MORTGAGORS: MARTINEZ JAMES
BALESTRIERI-MAR BERNADETTE
REGION CODE ADDRESS : 940 PASEO LA CRESTA
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,030.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99600
---------------------------------------------------------------
0 0030775993 MORTGAGORS: SHEFFIELD ROBERT
SHEFFIELD LISA
REGION CODE ADDRESS : 105 NORTH STONE COVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 283,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,850.00
P & I AMT: 9,697.58
UPB AMT: 1,310,231.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030776009 MORTGAGORS: BOERSMA GORDON
BOERSMA LAVONNE
REGION CODE ADDRESS : 9088 GOLDEN FIELDS LANE
01 CITY : LOVELAND
STATE/ZIP : CO 80538
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,761.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,508.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.53800
---------------------------------------------------------------
0 0030776058 MORTGAGORS: WENZ VICTOR
WENZ CYNTHIA
REGION CODE ADDRESS : 11452 POLLARD STREET
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92641
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,343.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030776074 MORTGAGORS: VASQUEZ DEXTER
VASQUEZ LORETO
REGION CODE ADDRESS : 95-1002 OLILIKO STREET
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,093.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.04762
---------------------------------------------------------------
0 0030776082 MORTGAGORS: BRANDLI STEPHEN
BRANDLI BOBBIE
REGION CODE ADDRESS : 1495 8TH STREET SOUTHWEST
01 CITY : BANDON
STATE/ZIP : OR 97411
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,436.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030776322 MORTGAGORS: CESAR KEVIN
MCCORMICK MARY
REGION CODE ADDRESS : 300 CUPERTINO WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,500.00
P & I AMT: 11,669.80
UPB AMT: 1,580,634.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030776470 MORTGAGORS: GARVY LAWRENCE
GARVY CATHLEEN
REGION CODE ADDRESS : 10413 NORTH 118TH PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
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 : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 53.57100
---------------------------------------------------------------
0 0030776504 MORTGAGORS: HOTT JEFFREY
ASPY SANDRA
REGION CODE ADDRESS : 3481 SOUTH 300TH STREET
01 CITY : NEW PALESTINE
STATE/ZIP : IN 46163
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,820.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030776538 MORTGAGORS: BALAN MARK
BALAN KAMALA
REGION CODE ADDRESS : 404 SOUTH MOHER DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,812.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030776595 MORTGAGORS: BECKER GREGORY
MARCHESSAULT THERESE
REGION CODE ADDRESS : 3133 CASCO CIRCLE
01 CITY : ORONO
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,864.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
---------------------------------------------------------------
0 0030776637 MORTGAGORS: WEINSTEIN JOSEPH
WEINSTEIN KATHRYN
REGION CODE ADDRESS : 14425 3RD AVE NORTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 466,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,186.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,423.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.88000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,729,500.00
P & I AMT: 12,789.00
UPB AMT: 1,728,629.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030776645 MORTGAGORS: VENEY GILBERT
VENEY MICHELLE
REGION CODE ADDRESS : 625 DISKIN PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,951.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.98800
---------------------------------------------------------------
0 0030776686 MORTGAGORS: MASON DEXTER
MASON JUDY
REGION CODE ADDRESS : 25464 FARM NECK COURT
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 232,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,435.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030776793 MORTGAGORS: HARRISON MARVIN
HARRISON CHRISTINE
REGION CODE ADDRESS : 10508 E. ACACIA DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,224.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99800
---------------------------------------------------------------
0 0030776983 MORTGAGORS: BARON KEVIN
BARON KIMBERLY
REGION CODE ADDRESS : 1820 CRYSTAL VIEW CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 353,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
---------------------------------------------------------------
0 0030777007 MORTGAGORS: LORGE ROBERT
LORGE RENEE
REGION CODE ADDRESS : 9764 LIPARI CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 227,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.44200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,950.00
P & I AMT: 9,690.59
UPB AMT: 1,320,361.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030777023 MORTGAGORS: CRONIN ROBERT
SMALL CARLA
REGION CODE ADDRESS : 3 HELEN ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 375,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777049 MORTGAGORS: MICHEL JOHN
MICHEL BEVERLY
REGION CODE ADDRESS : 211 WOODBROOK LANE
01 CITY : BALTIMORE
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 609,569.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,370.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.56400
---------------------------------------------------------------
0 0030777080 MORTGAGORS: EPP HELMUT
EPP SUSANNA
REGION CODE ADDRESS : 808 ASHLAND
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.33300
---------------------------------------------------------------
0 0030777106 MORTGAGORS: MORELLO RON
MORELLO TINA
REGION CODE ADDRESS : 3 TIMBERLAND
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,415.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777189 MORTGAGORS: STEIN JERRY
STEIN LISA
REGION CODE ADDRESS : 4160 FALLS RIDGE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,949,520.00
P & I AMT: 14,090.38
UPB AMT: 1,948,904.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030777296 MORTGAGORS: STANFORD CHARLES
STANFORD JACQUELINE
REGION CODE ADDRESS : 435 WAHACKME ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,034.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030777304 MORTGAGORS: TAYLOR MORRIS
TAYLOR PATRICIA
REGION CODE ADDRESS : 120 STAFFORD ROAD
01 CITY : COLONIA
STATE/ZIP : NJ 07067
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,781.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030777346 MORTGAGORS: ZERWIC MARK
ZERWIC JULIE
REGION CODE ADDRESS : 3508 LAWSON ROAD
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.99200
---------------------------------------------------------------
0 0030777361 MORTGAGORS: FERBER DAVID
FERBER JOANNE
REGION CODE ADDRESS : 22444 POPLAR COURT
01 CITY : MURITTA
STATE/ZIP : CA 94562
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777510 MORTGAGORS: LEES VINCENT
LEES MARCELLA
REGION CODE ADDRESS : 2125 BERENNANS ROADS
01 CITY : NEW CASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,066.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,905,250.00
P & I AMT: 14,020.23
UPB AMT: 1,904,848.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030777536 MORTGAGORS: ROSALES SUZANNE
POTTER MARK
REGION CODE ADDRESS : 138 ALTA VISTA WAY
01 CITY : DALY CITY
STATE/ZIP : CA 94014
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,111.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99036
---------------------------------------------------------------
0 0030777551 MORTGAGORS: HARDY STEPHEN
HARDY NANCY
REGION CODE ADDRESS : 20 IRONSIDE STREET NO. 4
01 CITY : MARINA DELRAY AREA (CITY
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,802.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 61.63000
---------------------------------------------------------------
0 0030777619 MORTGAGORS: BENSON PHILLIP
ELLISON BRENDA
REGION CODE ADDRESS : 8213 SCOTCH BEND WAY
01 CITY : POTOMAC
STATE/ZIP : MD 20854
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777627 MORTGAGORS: OSHER FRED
OSHER CATHERINE
REGION CODE ADDRESS : 15221 MANOR LAKE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20853
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777676 MORTGAGORS: SPECTOR DAVID
SPECTOR CHRISTY
REGION CODE ADDRESS : 8940 SHERBROOK COURT
01 CITY : OWINGS
STATE/ZIP : MD 20736
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,500.00
P & I AMT: 9,533.28
UPB AMT: 1,298,393.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030777767 MORTGAGORS: CHESS MARK
CHESS JAYNE
REGION CODE ADDRESS : 19 AUTUMNWOOD LANE
01 CITY : MT LAUREL
STATE/ZIP : NJ 08054
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.22744
---------------------------------------------------------------
0 0030777809 MORTGAGORS: WORLEY JAMES
REGION CODE ADDRESS : 1030 CITRINE COVE
01 CITY : OAK POINT
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030777841 MORTGAGORS: CONTRERAS PABLO
CONTRERAS JOSEPHINE
REGION CODE ADDRESS : 5320 57TH STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95820
MORTGAGE AMOUNT : 67,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,413.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 507.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030777874 MORTGAGORS: CHAUDHARY AJAI
CHAUDHARY ARCHANA
REGION CODE ADDRESS : 1 GLADIOLA CIRCLE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,639.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030778039 MORTGAGORS: KIPFER BARBARA
MAGOULAS PAUL
REGION CODE ADDRESS : 29 BROOKS LANE
01 CITY : IVORYTON
STATE/ZIP : CT 06442
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,041,750.00
P & I AMT: 7,576.39
UPB AMT: 1,041,326.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030778070 MORTGAGORS: LAZAR SAM
LAZAR CATHERINE
REGION CODE ADDRESS : 12410 NW 19TH PLACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.58700
---------------------------------------------------------------
0 0030778237 MORTGAGORS: SALCHUNAS RICHARD
SALCHUNAS BETTY
REGION CODE ADDRESS : 1630 SOUTH RIDLEY AVE
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,618.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030778302 MORTGAGORS: SINGH BALVINDER
KAUR GUNPREET
REGION CODE ADDRESS : 7922 EAST SANTA CRUZ AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92869
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030778328 MORTGAGORS: JONES ROBERT
JONES ADRIENE
REGION CODE ADDRESS : 4643 E COCHISE DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030778336 MORTGAGORS: ALLRED JEFFREY
REGION CODE ADDRESS : 100 INMAN CIRCLE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,750.00
P & I AMT: 10,218.69
UPB AMT: 1,385,989.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030778344 MORTGAGORS: SCHMIDT TIMOTHY
SCHMIDT BONNIE
REGION CODE ADDRESS : 6165 ELK CREEK ROAD
01 CITY : MIDDLETOWN
STATE/ZIP : OH 45042
MORTGAGE AMOUNT : 104,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,113.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 774.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030778385 MORTGAGORS: ELLIS JAMES
ELLIS DANA
REGION CODE ADDRESS : 16039 65TH PLACE
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,846.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.21000
---------------------------------------------------------------
0 0030778419 MORTGAGORS: HEBERT KAREN
HEBERT KAREN
REGION CODE ADDRESS : 18 MELROSE COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 476,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,480.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,498.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99932
---------------------------------------------------------------
0 0030778526 MORTGAGORS: GILMORE WILLIAM
GILMORE SALLY
REGION CODE ADDRESS : 15555 HALIFAX WAY
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.93100
---------------------------------------------------------------
0 0030778625 MORTGAGORS: COINCO MYRNA
COINCO ELMA
REGION CODE ADDRESS : 10251 HADLEY AVENUE
01 CITY : NORTHDRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,830.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,050.00
P & I AMT: 9,323.61
UPB AMT: 1,282,270.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030778724 MORTGAGORS: YOSHIKAMI MICHAEL
YOSHIKAMI CECILIA
REGION CODE ADDRESS : 3722 NEWTON WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 469,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,634.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,448.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99500
---------------------------------------------------------------
0 0030778740 MORTGAGORS: DAVIS ROBERT
DAVIS LYN
REGION CODE ADDRESS : 6003 WORCHESTER COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.72970
---------------------------------------------------------------
0 0030778757 MORTGAGORS: BIALEK ALAN
WOODS-BIALEK GAYLE
REGION CODE ADDRESS : 6119 S. MOLINE WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,445.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.39300
---------------------------------------------------------------
0 0030778765 MORTGAGORS: WITTPENN GREGORY
WITTPENN BONNIE
REGION CODE ADDRESS : 29040 DAPPER DAN
01 CITY : FAIR OAKS
STATE/ZIP : TX 78015
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.86400
---------------------------------------------------------------
0 0030778773 MORTGAGORS: FONG WHALLEN
FONG SUSAN
REGION CODE ADDRESS : 409 NATALIE LANE
01 CITY : DANVILLE, CALIFORNIA
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.76800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,550.00
P & I AMT: 12,179.94
UPB AMT: 1,652,884.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030778815 MORTGAGORS: CARNEY EDWARD
CARNEY INGRID
REGION CODE ADDRESS : 109 ROYAL GLEN DRIVE
01 CITY : CARY
STATE/ZIP : NC 27511
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,678.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,653.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030778880 MORTGAGORS: PHILLIPS SANDRA
REGION CODE ADDRESS : 15 WESTELM GARDEN
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78230
MORTGAGE AMOUNT : 245,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,735.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.27500
---------------------------------------------------------------
0 0030778914 MORTGAGORS: MCKENNEY TODD
MCKENNEY PATRICIA
REGION CODE ADDRESS : 795 GOODHUE STREET
01 CITY : BEAUMONT
STATE/ZIP : TX 77706
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.73200
---------------------------------------------------------------
0 0030779094 MORTGAGORS: WORTHINGTON RALPH
REGION CODE ADDRESS : 28 SHINNECOCK ROAD
01 CITY : QUOGUE
STATE/ZIP : NY 11959
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.60600
---------------------------------------------------------------
0 0030779144 MORTGAGORS: HIRSCH MARK
HIRSCH TALI
REGION CODE ADDRESS : 1565 BREAKWATER TERRACE
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33019
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.92000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,900.00
P & I AMT: 13,138.27
UPB AMT: 1,812,234.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030779185 MORTGAGORS: SHEEHAN LAURIE
SHEEHAN KERRI
REGION CODE ADDRESS : 6 CRESCENT DRIVE
01 CITY : HOLBROOK
STATE/ZIP : MA 02343
MORTGAGE AMOUNT : 119,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,920.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 873.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
---------------------------------------------------------------
0 0030779268 MORTGAGORS: SMITH DOUGLAS
SMITH SHARON
REGION CODE ADDRESS : 3121 QUAIL RIDGE WAY
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 266,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,761.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.21300
---------------------------------------------------------------
0 0030779300 MORTGAGORS: BARTOLET DAVID
BARTOLET MARIA
REGION CODE ADDRESS : 1900 EL MONTE DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.88500
---------------------------------------------------------------
0 0030779318 MORTGAGORS: AMOYE D
RIEGER KAREN
REGION CODE ADDRESS : 173 MONTCLAIR AVENUE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.66600
---------------------------------------------------------------
0 0030779326 MORTGAGORS: SAUNDERS CARIN
REGION CODE ADDRESS : 2719 PINE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.87000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,950.00
P & I AMT: 8,419.91
UPB AMT: 1,150,507.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030779334 MORTGAGORS: SERBIN RICHARD
SERBIN KATHE
REGION CODE ADDRESS : 12 HIGHVIEW ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 532,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,189.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030779359 MORTGAGORS: PARAGIAN REBECCA
PARAGIAN JOHN
REGION CODE ADDRESS : 8 PLEASANT VALLEY ROAD
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.26000
---------------------------------------------------------------
0 0030779367 MORTGAGORS: SCHROEDER SCOTT
SCHROEDER DELANA
REGION CODE ADDRESS : 305 BRIGGS COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.23800
---------------------------------------------------------------
0 0030779458 MORTGAGORS: CARTER JAY
CARTER VERGIE
REGION CODE ADDRESS : 8660 EAST SUTTON DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,771.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.54800
---------------------------------------------------------------
0 0030779474 MORTGAGORS: DIANGSON DAVID
DIANGSON KATHRYN
REGION CODE ADDRESS : 5271 ROOSTER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,302.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,000.00
P & I AMT: 12,740.02
UPB AMT: 1,702,206.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030779482 MORTGAGORS: GREGG JAMES
GREGG JANET
REGION CODE ADDRESS : 3356 AVENIDA SIERRA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.77000
---------------------------------------------------------------
0 0030779557 MORTGAGORS: AZAMI MOHAMMAD
AZAMI SHAZIA
REGION CODE ADDRESS : 6747 WELLINGTON DRIVE
01 CITY : NAPLES
STATE/ZIP : FL 34109
MORTGAGE AMOUNT : 315,280.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,280.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030779656 MORTGAGORS: HASSELHOFF DAVID
BACH-HASSELHOFF PAMELA
REGION CODE ADDRESS : 5180 LOUISE AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,250.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 50.12500
---------------------------------------------------------------
0 0030779680 MORTGAGORS: AVAR ERIC
AVAR SUSAN
REGION CODE ADDRESS : 57701 POPLAR LOOP
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98000
---------------------------------------------------------------
0 0030779888 MORTGAGORS: MC DERMOTT MICHAEL
MC DERMOTT CLARISSA
REGION CODE ADDRESS : 21 WINDEMERE DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,196,380.00
P & I AMT: 15,918.12
UPB AMT: 2,196,178.70
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030779920 MORTGAGORS: RAEDELS J
RAEDELS SANDRA
REGION CODE ADDRESS : 6407 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 301,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,426.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99507
---------------------------------------------------------------
0 0030779953 MORTGAGORS: ARAGONA CEDRIC
ARAGONA ROYENA
REGION CODE ADDRESS : 1112 SUMMIT COURT
01 CITY : LANSDALE
STATE/ZIP : PA 19446
MORTGAGE AMOUNT : 129,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,115.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 959.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030780100 MORTGAGORS: BOS ROBERT
BOS JULIE
REGION CODE ADDRESS : 2121 INVERNESS COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,760.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.09900
---------------------------------------------------------------
0 0030780118 MORTGAGORS: TACKETT R
CAREY JULIE
REGION CODE ADDRESS : 3500 NORRIS PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,850.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.59300
---------------------------------------------------------------
0 0030780175 MORTGAGORS: LLOYD BRIAN
LLOYD CORINNE
REGION CODE ADDRESS : 2327 SOUTH 2200 EAST
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84109
MORTGAGE AMOUNT : 294,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,650.00
P & I AMT: 9,494.80
UPB AMT: 1,295,952.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030780191 MORTGAGORS: ULICNY BRIAN
ULICNY SARAH
REGION CODE ADDRESS : 185 HIGHLAND AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030780217 MORTGAGORS: NUNAMAKER MARK
NUNAMAKER MONIQUE
REGION CODE ADDRESS : 5292 SIERRA ROJA ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 259,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,976.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98200
---------------------------------------------------------------
0 0030780241 MORTGAGORS: COWAN CREGG
COWAN JEANETTE
REGION CODE ADDRESS : 769 RUSTIC LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,762.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.83400
---------------------------------------------------------------
0 0030780480 MORTGAGORS: KOENIG ROBERT
KOENIG JOI
REGION CODE ADDRESS : 23 SOUTH MOUNTAIN ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,824.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030780688 MORTGAGORS: SEMRAD SIDNEY
SEMRAD ANGELA
REGION CODE ADDRESS : 3512 E GRANDVIEW STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,697.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,750.00
P & I AMT: 11,121.16
UPB AMT: 1,548,860.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030780696 MORTGAGORS: LARDIZABAL NORMA
WELLS FREDDIE
REGION CODE ADDRESS : 145 TURNBERRY WAY
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,829.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.52300
---------------------------------------------------------------
0 0030780761 MORTGAGORS: TONG ALFRED
TONG RACHEL
REGION CODE ADDRESS : 21361 BOWSPRIT LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,237.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030780795 MORTGAGORS: CLOUD ROBERT
CLOUD SUSAN
REGION CODE ADDRESS : 9360 OAKBRUSH WAY
01 CITY : LITTLETON
STATE/ZIP : CO 80124
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.44400
---------------------------------------------------------------
0 0030780837 MORTGAGORS: MC MAHON RICHARD
MC MAHON JULIANNE
REGION CODE ADDRESS : 22 GLENHURST COURT
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 48.30508
---------------------------------------------------------------
0 0030780860 MORTGAGORS: WEDDLE CHRISTOPHER
WEDDLE DEBRA
REGION CODE ADDRESS : 1424 E PASEO CASTANOS
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 234,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,938.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.03300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,500.00
P & I AMT: 9,619.90
UPB AMT: 1,292,837.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030780910 MORTGAGORS: TRUJILLO LINDA
REGION CODE ADDRESS : 321 SOUTH GOSHEN STREET
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84104
MORTGAGE AMOUNT : 64,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,209.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 467.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030780977 MORTGAGORS: SKLOFF MICHAEL
KAUFFMAN MARTA
REGION CODE ADDRESS : 335 SOUTH RIMPAU BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 015
LTV : 68.25900
---------------------------------------------------------------
0 0030781025 MORTGAGORS: WILSON DAVID
WILSON APRIL
REGION CODE ADDRESS : 2909 SANDYGATE
01 CITY : SPRINGFIELD
STATE/ZIP : IL 62702
MORTGAGE AMOUNT : 55,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,931.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 418.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.82500
---------------------------------------------------------------
0 0030781090 MORTGAGORS: STURGES KEN
BOBBY JOE
REGION CODE ADDRESS : 1732 DEER CREEK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,824.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,195.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781132 MORTGAGORS: MENDELSOHN MICHAEL
BOLICK DORIAN
REGION CODE ADDRESS : 440 PROVIDENCE COURT UNIT # 101
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,000.00
P & I AMT: 11,498.67
UPB AMT: 1,527,297.70
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030781140 MORTGAGORS: HAYDEN GREG
REGION CODE ADDRESS : 2748 WESTSHIRE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,842.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.56200
---------------------------------------------------------------
0 0030781165 MORTGAGORS: HABERMAN JESS
HABERMAN JUDITH
REGION CODE ADDRESS : 10 WEBER ROAD
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781207 MORTGAGORS: PLANT BRUCE
SUROWIEC JOYCE
REGION CODE ADDRESS : 1 HUMMINGBIRD LANE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,346.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030781280 MORTGAGORS: PIKE DAVID
PIKE TAMARA
REGION CODE ADDRESS : 28 VIA MESA
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,248.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030781298 MORTGAGORS: SHEPHERD N
SHEPHERD HEIDI
REGION CODE ADDRESS : 42 CREHONE DRIVE
01 CITY : NEWTON
STATE/ZIP : MA 02611
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,900.00
P & I AMT: 8,386.71
UPB AMT: 1,150,436.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030781470 MORTGAGORS: CHAN DAVID
CHAN SANDY
REGION CODE ADDRESS : 553 PASEO REFUGIO
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,789.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.34100
---------------------------------------------------------------
0 0030781496 MORTGAGORS: ELLES KAREN
REGION CODE ADDRESS : 1638 HAWK VIEW DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 227,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,650.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 87.52785
---------------------------------------------------------------
0 0030781520 MORTGAGORS: REYNOLDS JOHN
REYNOLDS KAREN
REGION CODE ADDRESS : 4620 EAST ASHFORD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781538 MORTGAGORS: LIZZA ELI
CRICCO LIZZA ROBERTA
REGION CODE ADDRESS : 20 WOODSHIRE TERRACE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,406.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.02600
---------------------------------------------------------------
0 0030781546 MORTGAGORS: MEISSNER LINDA
REGION CODE ADDRESS : 3611 KINGSTON STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.42281
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,100.00
P & I AMT: 10,687.87
UPB AMT: 1,441,147.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030781587 MORTGAGORS: MCCONNELL MICHAEL
MCCONNELL MARY CATHERINE
REGION CODE ADDRESS : 1408 WESTOVER ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030781603 MORTGAGORS: PORTADA JOSEPH
PORTADA BETTY
REGION CODE ADDRESS : 15 1/2 S CHELMSFORD ROAD
01 CITY : WESTFIELD
STATE/ZIP : MA 01886
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.63200
---------------------------------------------------------------
0 0030781629 MORTGAGORS: PAIGE BRIAN
PAIGE JEANINE
REGION CODE ADDRESS : 1906 LASATA DRIVE
01 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,631.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781645 MORTGAGORS: WASSERMAN RENA
REGION CODE ADDRESS : 1971 MILAN AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,781.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.13000
---------------------------------------------------------------
0 0030781660 MORTGAGORS: D'ESPOSITO MICHAEL
D'ESPOSITO GRACE
REGION CODE ADDRESS : 56 PETRA DRIVE
01 CITY : MARLBORO
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,643.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.86100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,850.00
P & I AMT: 9,823.56
UPB AMT: 1,353,306.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030781686 MORTGAGORS: ABLE THOMAS
KENNEDY GABRIELE
REGION CODE ADDRESS : 213 KIRKWALL LANE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37919
MORTGAGE AMOUNT : 252,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030781710 MORTGAGORS: MANTIN CHRISTOPHER
MANTIN SANDRA
REGION CODE ADDRESS : 149 FOREST HILL DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,801.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781744 MORTGAGORS: BROWN BRIAN
BROWN KIM
REGION CODE ADDRESS : 108 ROSE SKY COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030781751 MORTGAGORS: CARDENAS JAIME
CARDENAS ANA
REGION CODE ADDRESS : 860 GLASGOW CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,816.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.05500
---------------------------------------------------------------
0 0030781777 MORTGAGORS: SECOR DAVID
SECOR JAN
REGION CODE ADDRESS : 2000 ASHTON DRIVE
01 CITY : GREENSBORO
STATE/ZIP : NC 27410
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,051.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,450.00
P & I AMT: 9,936.28
UPB AMT: 1,359,869.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030781801 MORTGAGORS: IODICE DONALD
REGION CODE ADDRESS : 10 LEE STREET #2609 E
01 CITY : BALTIMORE
STATE/ZIP : MD 21202
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,838.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.20600
---------------------------------------------------------------
0 0030781884 MORTGAGORS: OTT WILLIAM
OTT JANET
REGION CODE ADDRESS : 7903 ALAMAR CIRCLE
01 CITY : HOUSTON
STATE/ZIP : TX 77095
MORTGAGE AMOUNT : 331,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,154.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.66216
---------------------------------------------------------------
0 0030781926 MORTGAGORS: STARCZEWSKI DANIEL
REGION CODE ADDRESS : 20935 DECORA DRIVE
01 CITY : CORNELIUS
STATE/ZIP : NC 28031
MORTGAGE AMOUNT : 235,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,720.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99900
---------------------------------------------------------------
0 0030781934 MORTGAGORS: POTTS WALTER
POTTS LINDA
REGION CODE ADDRESS : 8004 HIGH HOLLOW DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78750
MORTGAGE AMOUNT : 259,340.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,156.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
---------------------------------------------------------------
0 0030782015 MORTGAGORS: CARRUTHERS STEPHEN
CARRUTHERS SHERYL
REGION CODE ADDRESS : 15 COLD SPRING RD
01 CITY : MONROE
STATE/ZIP : CT 06468
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 : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.80400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,810.00
P & I AMT: 9,872.30
UPB AMT: 1,341,531.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782023 MORTGAGORS: THOR DAVID
THOR MAURA
REGION CODE ADDRESS : 24 SADDLE RIDGE RD
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.69700
---------------------------------------------------------------
0 0030782031 MORTGAGORS: WONG DAVID
ARNOLD LISA
REGION CODE ADDRESS : 4772 COPPERFIELD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,470.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782049 MORTGAGORS: TAHARA MASAAKI
TAHARA DENISE
REGION CODE ADDRESS : 347 OLD COLONY ROAD
01 CITY : HARTSDALE
STATE/ZIP : NY 10530
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,636.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.07400
---------------------------------------------------------------
0 0030782106 MORTGAGORS: MCCAFFERY MARK
MCCAFFERY GERALDINE
REGION CODE ADDRESS : 344 FAIRMONT AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,605.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782122 MORTGAGORS: JACOBSON MICHAEL
JACOBSON DEBBIE
REGION CODE ADDRESS : 21780 MARIGOT DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 311,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,084.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,300.00
P & I AMT: 10,463.23
UPB AMT: 1,412,416.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782163 MORTGAGORS: WIITA THOMAS
WIITA KATHRYN
REGION CODE ADDRESS : 2620 SOUTHEAST BELLE VISTA LOOP
01 CITY : VANCOUVER
STATE/ZIP : WA 98683
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,611.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782171 MORTGAGORS: HABBERSTAD ERIK
HABBERSTAD CYNTHIA
REGION CODE ADDRESS : 2 MILEMORE DRIVE
01 CITY : FORT SALONGA
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,671.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.24000
---------------------------------------------------------------
0 0030782189 MORTGAGORS: HEYDT ALEXIS
LONG CURTIS
REGION CODE ADDRESS : 145 STRAWBERRY HILL AVENUE
01 CITY : NORWALK
STATE/ZIP : CT 06851
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,667.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030782197 MORTGAGORS: FURRY MICHAEL
FURRY JOAN
REGION CODE ADDRESS : 219 MARIGOLD AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,304.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030782205 MORTGAGORS: PULOS JOHN
PULOS LINDA
REGION CODE ADDRESS : 33240 GLEN DRIVE # 11
01 CITY : SIOUX CITY
STATE/ZIP : IA 51108
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,681.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 82.25800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,250.00
P & I AMT: 11,171.61
UPB AMT: 1,490,936.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782213 MORTGAGORS: MOORE MICHAEL
MOORE MARYLOU
REGION CODE ADDRESS : 1663 HIDDEN CREEK LANE
01 CITY : BELVIDERE
STATE/ZIP : IL 61008
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,113.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,587.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782221 MORTGAGORS: TERRY BRENT
TERRY BENET
REGION CODE ADDRESS : 456 JILL COURT
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,682.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.01100
---------------------------------------------------------------
0 0030782239 MORTGAGORS: GINSBURG ROBERT
GINSBURG MARGARET
REGION CODE ADDRESS : 13040 NORTH A-1-A
01 CITY : VERO BEACH
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,705.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 50.88400
---------------------------------------------------------------
0 0030782254 MORTGAGORS: ROGOZE JAMES
ROGOZE JANET
REGION CODE ADDRESS : 11 OLD FARM ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 370,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,804.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030782288 MORTGAGORS: SPELMAN THOMAS
SPELMAN CHERLY
REGION CODE ADDRESS : 4309 LAKEWAY BOULEVARD
01 CITY : AUSTIN
STATE/ZIP : TX 78734
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,500.00
P & I AMT: 12,314.89
UPB AMT: 1,638,086.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782304 MORTGAGORS: CIMINO MICHAEL
CIMINO JANETTE
REGION CODE ADDRESS : 421 WEMBLEY COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 335,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,415.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.97607
---------------------------------------------------------------
0 0030782338 MORTGAGORS: ALWEISS ALAN
ALWEISS LINDA
REGION CODE ADDRESS : 1041 GARRIDO DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,280.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.63400
---------------------------------------------------------------
0 0030782353 MORTGAGORS: TINSKY ELLEN
REGION CODE ADDRESS : 409 AMELIA STREET
01 CITY : KEY WEST
STATE/ZIP : FL 33040
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,444.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782395 MORTGAGORS: MCGUIRE MARK
MCGUIRE LUCY
REGION CODE ADDRESS : 2708 MOHAWK CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98900
---------------------------------------------------------------
0 0030782437 MORTGAGORS: CHING DAVID
CHING JOCELYN
REGION CODE ADDRESS : 5024 GOLDEN ARROW DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 341,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,965.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,473.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.37600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,050.00
P & I AMT: 10,921.29
UPB AMT: 1,475,206.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782510 MORTGAGORS: ROBINSON RICHARD
ROBINSON BLYTHE
REGION CODE ADDRESS : 25 SQUIRREL ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,569.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.33300
---------------------------------------------------------------
0 0030782528 MORTGAGORS: SHADD FREDRICK
SHADD MARY
REGION CODE ADDRESS : 9 WINDEMERE
01 CITY : LEANDER
STATE/ZIP : TX 78641
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,695.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.47300
---------------------------------------------------------------
0 0030782536 MORTGAGORS: GORDON RAYMOND
REGION CODE ADDRESS : 165 FOREST STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,640.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 31.90100
---------------------------------------------------------------
0 0030782544 MORTGAGORS: ZELHOF RONALD
ZELHOF CARLA
REGION CODE ADDRESS : 6350 SW 114TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,718.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782551 MORTGAGORS: BOMBINO JULIE
REGION CODE ADDRESS : 4970 EGGERS DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,861.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,200.00
P & I AMT: 9,670.62
UPB AMT: 1,301,485.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782569 MORTGAGORS: DOUGLASS CLIFTON
DOUGLASS BETH
REGION CODE ADDRESS : 606 GARRATY ROAD
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78209
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,546.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.11100
---------------------------------------------------------------
0 0030782585 MORTGAGORS: NIEDER TIMOTHY
NIEDER VICTORIA
REGION CODE ADDRESS : 1005 S. HAMLIN
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,164.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.57386
---------------------------------------------------------------
0 0030782593 MORTGAGORS: POYTHRESS TERRY
POYTHRESS CAROL
REGION CODE ADDRESS : 304 POND BLUFF WAY
01 CITY : CARY
STATE/ZIP : NC 27513
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 : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.52300
---------------------------------------------------------------
0 0030782601 MORTGAGORS: GRAVES ERIC
GRAVES LORI
REGION CODE ADDRESS : 8531 HARBINGER COURT
01 CITY : MONTGOMERY
STATE/ZIP : AL 36117
MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,311.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.24300
---------------------------------------------------------------
0 0030782619 MORTGAGORS: BERKELEY VINCENT
BERKELEY SHIRLEY
REGION CODE ADDRESS : 5780 SW 130TH TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,351.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.82300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,100.00
P & I AMT: 11,135.50
UPB AMT: 1,536,958.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782635 MORTGAGORS: ARVANITES WILLIAM
FOSTER NAOMI
REGION CODE ADDRESS : 175 ARLINGTON AVENUE
01 CITY : PROVIDENCE
STATE/ZIP : RI 02906
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,435.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782809 MORTGAGORS: PETERSEN DOUGLAS
PETERSEN LORI
REGION CODE ADDRESS : 1845 PARLIAMENT CIRCLE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,536.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782817 MORTGAGORS: MC GARTLAND MARTIN
MC GARTLAND LORI
REGION CODE ADDRESS : 311 ROSSI COURT
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,809.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.02800
---------------------------------------------------------------
0 0030782858 MORTGAGORS: TOBERG JEFF
SMITH DELORES
REGION CODE ADDRESS : 16675 SAN ANDRES STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 218,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,260.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030782932 MORTGAGORS: BURGESS WILLIAM
BURGESS CAROL
REGION CODE ADDRESS : 430 RAGWEED VALLEY RD
01 CITY : ROYAL
STATE/ZIP : AR 71968
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,674.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.69600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,200.00
P & I AMT: 9,608.24
UPB AMT: 1,319,716.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030782940 MORTGAGORS: DAWSON RACHEL
DAWSON ODIE
REGION CODE ADDRESS : 5006 83RD STREET SOUTHWEST
01 CITY : LAKEWOOD
STATE/ZIP : WA 98498
MORTGAGE AMOUNT : 224,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,141.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99100
---------------------------------------------------------------
0 0030782965 MORTGAGORS: KANEVSKY ALEKSANDER
KANEVSKY ZHANNA
REGION CODE ADDRESS : 108 FINLAY STREET
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10307
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,304.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.83800
---------------------------------------------------------------
0 0030782981 MORTGAGORS: SAUNDERS KEITH
SAUNDERS NETTIE
REGION CODE ADDRESS : 941 S. MAPLE STREET
01 CITY : MESA
STATE/ZIP : AZ 85206
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,445.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030783005 MORTGAGORS: BROWN MICHAEL
BROWN KAREN
REGION CODE ADDRESS : 305 ROYCE WOODS CT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,006.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.07800
---------------------------------------------------------------
0 0030783021 MORTGAGORS: DEFRIESE ALICE
PEMBERTON MARK
REGION CODE ADDRESS : 4182 E. LA ESPALDA
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,571.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.26400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,650.00
P & I AMT: 10,600.90
UPB AMT: 1,414,470.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783039 MORTGAGORS: SALTZMAN CHARLES
NYGAARD INGRID
REGION CODE ADDRESS : 211 BLACK SPRINGS CIRCLE
01 CITY : IOWA CITY
STATE/ZIP : IA 52246
MORTGAGE AMOUNT : 339,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,031.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.90000
---------------------------------------------------------------
0 0030783054 MORTGAGORS: CRAVENS BEN
CRAVENS SUSAN
REGION CODE ADDRESS : 5932 BAYOU GLEN RD
01 CITY : HOUSTON
STATE/ZIP : TX 77057
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.76700
---------------------------------------------------------------
0 0030783070 MORTGAGORS: WESTHUSING NANCY
REGION CODE ADDRESS : 11 BLUFF VIEW POINT
01 CITY : OSAGE BEACH
STATE/ZIP : MO 65065
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,710.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 61.05200
---------------------------------------------------------------
0 0030783088 MORTGAGORS: KRUSZ WILLIAM
KRUSZ EVELYN
REGION CODE ADDRESS : 6630 PEMBERTON DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,323.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.78400
---------------------------------------------------------------
0 0030783096 MORTGAGORS: NATHANSON PHILIP
NATHANSON SHARYN
REGION CODE ADDRESS : 365 LAKEMONT CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : TN 37067
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,664.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.22500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,000.00
P & I AMT: 9,553.28
UPB AMT: 1,327,090.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783112 MORTGAGORS: FOGARTY KEVIN
FOGARTY DEBORAH
REGION CODE ADDRESS : 2707 MANDALAY BEACH
01 CITY : WANTAGH
STATE/ZIP : NY 11793
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,594.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030783138 MORTGAGORS: SPADONI ROBERT
SPADONI TINA
REGION CODE ADDRESS : 1822 KELLY COURT
01 CITY : DARIEN
STATE/ZIP : IL 60559
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,513.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.37000
---------------------------------------------------------------
0 0030783153 MORTGAGORS: MILLER BRUCE
DARGO LISA
REGION CODE ADDRESS : 13900 OLD ROVER MILL RD
01 CITY : WEST FRIENDSHIP
STATE/ZIP : MD 21794
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,662.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030783179 MORTGAGORS: FELDY SCOTT
REGION CODE ADDRESS : 9030 1ST AVE
01 CITY : KENOSHA
STATE/ZIP : WI 53143
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,094.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030783195 MORTGAGORS: KESNER BRAD
KESNER STACY
REGION CODE ADDRESS : 4300 SHERMAN OAKS AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,838.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.78700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,400.00
P & I AMT: 9,789.23
UPB AMT: 1,311,703.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783203 MORTGAGORS: GARRISON BENJAMIN
GARRISON CATHI
REGION CODE ADDRESS : 143 WEBER HILL ROAD
01 CITY : CARMEL
STATE/ZIP : NY 10512
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,676.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030783211 MORTGAGORS: KOEPSEL WILLIAM
KOEPSEL MARIA
REGION CODE ADDRESS : 306 GOLDENWEST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,824.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.38800
---------------------------------------------------------------
0 0030783229 MORTGAGORS: WAKAI ALBERT
WAKAI TINA
REGION CODE ADDRESS : 3 MYERS COURT
01 CITY : HILLSBOROUGH
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,630.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030783245 MORTGAGORS: GARRIOTT JOHN
GARRIOTT MARY ANN
REGION CODE ADDRESS : 1303A THE SEA CREST
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 290,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,615.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030783260 MORTGAGORS: REINOSO CAROL
REGION CODE ADDRESS : 20754 N.W. 41TH AVENUE ROAD
01 CITY : MIAMI
STATE/ZIP : FL 33055
MORTGAGE AMOUNT : 54,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,930.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 405.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.97200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,149,160.00
P & I AMT: 8,623.57
UPB AMT: 1,147,678.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783294 MORTGAGORS: HEBBLETHWAITE MICHAEL
HEBBLETHWAITE MARCIA
REGION CODE ADDRESS : 2632 28TH AVENUE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98199
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030783328 MORTGAGORS: COLOSIMO ANGELO
COLOSIMO LYNETTE
REGION CODE ADDRESS : 808 SQUIRE LAKE DRIVE
01 CITY : VILLA HILLS
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,667.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,502.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.90300
---------------------------------------------------------------
0 0030783377 MORTGAGORS: GRANT JORDON
REGION CODE ADDRESS : 377 HIGHLAND AVENUE
01 CITY : NORWALK
STATE/ZIP : CT 06854
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,861.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030783385 MORTGAGORS: STONEY ARCHIE
STONEY NANCY
REGION CODE ADDRESS : 104 RIVERSIDE DRIVE
01 CITY : SUFFOLK
STATE/ZIP : VA 23435
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,352.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.93474
---------------------------------------------------------------
0 0030783393 MORTGAGORS: WRIGHT SUMNER
WRIGHT LILLIAN
REGION CODE ADDRESS : 124 RICHMOND HILL
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,723.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,000.00
P & I AMT: 11,496.18
UPB AMT: 1,551,419.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783468 MORTGAGORS: DWINELLS ERIC
DWINELLS WENDY
REGION CODE ADDRESS : 301 HARVARD ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.74490
---------------------------------------------------------------
0 0030783518 MORTGAGORS: YOUNG CHIH-HONG
YOUNG RULING
REGION CODE ADDRESS : 5106 EAST CRESCENT DRIVE
01 CITY : ANAHEIM HILLS
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 35.71428
---------------------------------------------------------------
0 0030783534 MORTGAGORS: BEDINGER FRANK
BEDINGER HOLLY
REGION CODE ADDRESS : 2854 WYNGATE ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.79600
---------------------------------------------------------------
0 0030783559 MORTGAGORS: TIDDES JOHN
TIDDES PATRICIA
REGION CODE ADDRESS : 11070 S.W. 38 DRIVE
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,850.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.86300
---------------------------------------------------------------
0 0030783625 MORTGAGORS: RATCHFORD ANDREW
RATCHFORD KELLY
REGION CODE ADDRESS : 908 CAMINO RICARDO
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,765.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,000.00
P & I AMT: 12,381.36
UPB AMT: 1,696,844.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030783658 MORTGAGORS: WILSON GLORIA
WILSON DAVID
REGION CODE ADDRESS : 1 LAUREL DRIVE
01 CITY : NEWTON
STATE/ZIP : NJ 07860
MORTGAGE AMOUNT : 219,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.91200
---------------------------------------------------------------
0 0030783740 MORTGAGORS: BEAL NICHOLAS
BEAL CARINA
REGION CODE ADDRESS : 6911 AZALEA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,273.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030783831 MORTGAGORS: CONNELLY TIMOTHY
REGION CODE ADDRESS : 7135 EAST LA CUMBRE DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 277,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,663.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99145
---------------------------------------------------------------
0 0030783864 MORTGAGORS: OPOLINSKY LEE
REGION CODE ADDRESS : 1 SPINNAKER STREET UNIT 12
01 CITY : MARINA DEL REY
STATE/ZIP : CA 96029
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,714.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.96200
---------------------------------------------------------------
0 0030784003 MORTGAGORS: RAPHAEL RODNEY
REGION CODE ADDRESS : 200 HARBOR DRIVE #1501
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,648.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,587,150.00
P & I AMT: 11,833.93
UPB AMT: 1,586,452.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784037 MORTGAGORS: SWAIN JONATHAN
SWAIN MARY
REGION CODE ADDRESS : 8104 MOONSTONE CIRCLE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784052 MORTGAGORS: BORNOWSKI MARK
BORNOWSKI MARIA
REGION CODE ADDRESS : 6331 SW FLOWER STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97221
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,852.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030784094 MORTGAGORS: CAMPOS ROMANA
CAMPOS PHILLIP
REGION CODE ADDRESS : 2525 GREENVALLEY ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,123.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.92900
---------------------------------------------------------------
0 0030784102 MORTGAGORS: DONNELLY ANDREW
REGION CODE ADDRESS : 1114 D N STAFFORD STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 223,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,138.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98567
---------------------------------------------------------------
0 0030784110 MORTGAGORS: NYLAND CHRISTOPHER
NYLAND MARGARET
REGION CODE ADDRESS : 1433 BUENA VISTA AVENUE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,626.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,400.00
P & I AMT: 10,059.23
UPB AMT: 1,376,740.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784128 MORTGAGORS: GOODE WINSLOW DORIS
REGION CODE ADDRESS : 5773 VICTOR DRIVE
01 CITY : ELDERSBURG
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,860.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.78200
---------------------------------------------------------------
0 0030784219 MORTGAGORS: STEVENSON KEVIN
STEVENSON CHRISTINE
REGION CODE ADDRESS : 730 MOUTON STREET
01 CITY : BATON ROUGE
STATE/ZIP : LA 70806
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.44444
---------------------------------------------------------------
0 0030784250 MORTGAGORS: LOWENSTEIN THOMAS
HOLDEN PATRICIA
REGION CODE ADDRESS : 173 MONTE VISTA DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94559
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,031.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784284 MORTGAGORS: SIMS CHRISTOPHER
SIMS M
REGION CODE ADDRESS : 9519 WEST STANHOPE ROAD
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784300 MORTGAGORS: NADENDLA SESHAGIRI
GHANTA LAKSHMI
REGION CODE ADDRESS : 410 MARLEY RUN
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.47900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,245,200.00
P & I AMT: 8,954.71
UPB AMT: 1,244,499.46
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784342 MORTGAGORS: GOLDFOGEL JEFFREY
GOLDFOGEL DEBRA
REGION CODE ADDRESS : 7000 E PRENTICE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.57100
---------------------------------------------------------------
0 0030784433 MORTGAGORS: BROWN KAREN
REGION CODE ADDRESS : 836 EAST BIRCH AVE
01 CITY : WHITEFISH BAY
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.15600
---------------------------------------------------------------
0 0030784474 MORTGAGORS: FRIEDMAN MARTHA
FRIEDMAN CARL
REGION CODE ADDRESS : 3630 FAIR OAKS PL
01 CITY : LONGBOAT KEY
STATE/ZIP : FL 34228
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,580.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,262.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
0 0030784631 MORTGAGORS: BROCK DEBRA
REGION CODE ADDRESS : 719 FIRST COTTON DRIVE
01 CITY : POWDER SPRINGS
STATE/ZIP : GA 30073
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.66600
---------------------------------------------------------------
0 0030784656 MORTGAGORS: SAUNDERS DAN
SAUNDERS NANCY
REGION CODE ADDRESS : 434 WARREN AVENUE
01 CITY : CINCINNATI
STATE/ZIP : OH 45220
MORTGAGE AMOUNT : 244,448.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,695.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,448.00
P & I AMT: 13,169.46
UPB AMT: 1,803,092.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784698 MORTGAGORS: GUERIN CHRISTOPHER
GUERIN SHARON
REGION CODE ADDRESS : 10245 BERKSHIRE LANE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784730 MORTGAGORS: BAUTISTA ERLENDA
REGION CODE ADDRESS : 15 ROUNDTOP ROAD
01 CITY : YONKERS
STATE/ZIP : NY 10710
MORTGAGE AMOUNT : 295,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,411.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.84800
---------------------------------------------------------------
0 0030784755 MORTGAGORS: MASSAQUOI HANS
REGION CODE ADDRESS : 4450 BANCROFT DRIVE
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70122
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784771 MORTGAGORS: CODEGA JEFFREY
CODEGA BARBARA
REGION CODE ADDRESS : 1520 NIXON AVENUE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,605.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,314.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784813 MORTGAGORS: COMBS FREDERICK
COMBS LINDA
REGION CODE ADDRESS : 10009 TRAVERSE WAY
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,845.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,600.00
P & I AMT: 12,988.11
UPB AMT: 1,760,862.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784821 MORTGAGORS: PETTY GILBERT
PETTY BETTY
REGION CODE ADDRESS : 9 STERLING PLACE
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.30500
---------------------------------------------------------------
0 0030784862 MORTGAGORS: UTT JAMES
UTT CATHERINE
REGION CODE ADDRESS : 527 ACORN PARK DRIVE
01 CITY : ACTON
STATE/ZIP : MA 01718
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784912 MORTGAGORS: SWARTZ JAMES
SWARTZ ELIZABETH
REGION CODE ADDRESS : 7449 LEWIS ROAD
01 CITY : OLMSTED TOWNSHIP
STATE/ZIP : OH 44138
MORTGAGE AMOUNT : 126,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 935.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030784938 MORTGAGORS: KROUPA ALICIA
KROUPA DELBERT
REGION CODE ADDRESS : 1115 S 113TH PLAZA
01 CITY : OMAHA
STATE/ZIP : NE 68114
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,621.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030784961 MORTGAGORS: SULLIVAN KEVIN
SULLIVAN ANNEMIEKE
REGION CODE ADDRESS : 3402 ROYAL WOOD DR
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,884.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,229,400.00
P & I AMT: 8,958.10
UPB AMT: 1,228,341.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030784995 MORTGAGORS: GARCIA LIONEL
GARCIA NAIDA
REGION CODE ADDRESS : 2306 TODVILLE ROAD
01 CITY : SEABROOK
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 305,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,299.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 55.49000
---------------------------------------------------------------
0 0030785000 MORTGAGORS: MACHIN WILSON
REGION CODE ADDRESS : 13460 NATICK DR
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,143.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785026 MORTGAGORS: BREESE ANNICK
BREESE ROBERT
REGION CODE ADDRESS : 783 ROBINHOOD ROAD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,003.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785059 MORTGAGORS: FINCHER SUZANNE
REGION CODE ADDRESS : 1110 ROSEDALE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,867.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.66000
---------------------------------------------------------------
0 0030785133 MORTGAGORS: TITOMIROV ALEXANDER
REGION CODE ADDRESS : 5631 OAK PLACE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.03200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,850.00
P & I AMT: 9,856.81
UPB AMT: 1,333,312.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785174 MORTGAGORS: LIND ERIC
LIND KATHLEEN
REGION CODE ADDRESS : 2758 SW ENGLISH COURT
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,968.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030785182 MORTGAGORS: SORIANO EDWARD
SORIANO MARGARET
REGION CODE ADDRESS : 2 STANWYCK RD
01 CITY : MT LAUREL
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,258.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.78700
---------------------------------------------------------------
0 0030785190 MORTGAGORS: MOIR PETER
MOIR ELIZABETH
REGION CODE ADDRESS : 6817 GOLF DRIVE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 446,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,584.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,201.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.48300
---------------------------------------------------------------
0 0030785232 MORTGAGORS: WOJCIK EWA
BRAYNE MICHAEL
REGION CODE ADDRESS : 1441 PARRISH COURT
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785265 MORTGAGORS: CASALETTO ROBERT
CASALETTO LYDIE
REGION CODE ADDRESS : 17 SUMMER STREET
01 CITY : DANVERS
STATE/ZIP : MA 01923
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,462.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,400.00
P & I AMT: 11,106.10
UPB AMT: 1,518,274.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785273 MORTGAGORS: JARRARD RUDYARD
JARRARD GAY
REGION CODE ADDRESS : 137 EAGLES CLUB DRIVE
01 CITY : STOCKBRIDGE
STATE/ZIP : GA 30281
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,261.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99500
---------------------------------------------------------------
0 0030785299 MORTGAGORS: RANCE GREIG
RANCE SUSAN
REGION CODE ADDRESS : 4 MAPLEWOOD LANE
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,466.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,306.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.10300
---------------------------------------------------------------
0 0030785331 MORTGAGORS: COWLEY JAMES
COWLEY LESLIE
REGION CODE ADDRESS : 1982 KIDD CIRCLE
01 CITY : PARK CITY
STATE/ZIP : UT 84098
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.53846
---------------------------------------------------------------
0 0030785349 MORTGAGORS: MASINTER PAUL
MASINTER-WILLIAMS AUDREY
REGION CODE ADDRESS : 1820 OCTAVIA STREET
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70115
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,326.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030785356 MORTGAGORS: DRISKILL RONALD
DRISKILL PATRICIA
REGION CODE ADDRESS : 110 WILDWIND PLACE
01 CITY : LYNCHBURG
STATE/ZIP : VA 24053
MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,301.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,900.00
P & I AMT: 12,829.66
UPB AMT: 1,737,080.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785372 MORTGAGORS: SHEA RICHARD
SHEA JENNIFER
REGION CODE ADDRESS : 10 EMMA DRIVE
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,408.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785380 MORTGAGORS: SOUZA MELVIN
REGION CODE ADDRESS : 1430 46TH STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95819
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,516.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.91600
---------------------------------------------------------------
0 0030785398 MORTGAGORS: RANDOLL WILLIAM
REGION CODE ADDRESS : 7516 HIGH AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785414 MORTGAGORS: BANNAN RICHARD
BANNAN PAMELA
REGION CODE ADDRESS : 1546 BRIARCLIFF RD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,149.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.60000
---------------------------------------------------------------
0 0030785430 MORTGAGORS: HURLEY RONALD
REGION CODE ADDRESS : 7444 125TH STREET
01 CITY : NORTH SEMINOLE
STATE/ZIP : FL 34642
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,533.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.66600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,000.00
P & I AMT: 10,356.51
UPB AMT: 1,431,437.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785455 MORTGAGORS: GRIMES MICHAEL
GRIMES DIXIE
REGION CODE ADDRESS : 3 WATERFORD CIRCLE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,275.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785463 MORTGAGORS: GRAY JANETTE
REGION CODE ADDRESS : 1028 CYPRESS WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,833.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.88500
---------------------------------------------------------------
0 0030785489 MORTGAGORS: WOLF ADAM
HACKER-WOLF SUSAN
REGION CODE ADDRESS : 48 HAMPTON ROAD
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,467.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.45100
---------------------------------------------------------------
0 0030785497 MORTGAGORS: DICHELE ERNEST
DICHELE ANNE
REGION CODE ADDRESS : 8 ISHMAEL ROAD
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,730.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 72.31200
---------------------------------------------------------------
0 0030785513 MORTGAGORS: KAHAN WILSON RONDA
WILSON NEIL
REGION CODE ADDRESS : 24 FINNEGAN WAY
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,518.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.44400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,200.00
P & I AMT: 10,023.84
UPB AMT: 1,351,824.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785547 MORTGAGORS: SCHOOLCRAFT ROBERT
SCHOOLCRAFT KATHLEEN
REGION CODE ADDRESS : 25369 GOLD HILLS DR
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 287,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
---------------------------------------------------------------
0 0030785554 MORTGAGORS: TJADEN BRUCE
TJADEN HEIDI
REGION CODE ADDRESS : 1166 LINDEN CIRCLE
01 CITY : WICHITA
STATE/ZIP : KS 67206
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,025.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030785562 MORTGAGORS: INGRAM MARK
INGRAM MARGUERIETE
REGION CODE ADDRESS : 48 OAKWOOD ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,352.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.77400
---------------------------------------------------------------
0 0030785570 MORTGAGORS: VEST RICK
VEST SANDRA
REGION CODE ADDRESS : 2542 SUNRISE
01 CITY : BARNHART
STATE/ZIP : MO 63012
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,479.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.63100
---------------------------------------------------------------
0 0030785588 MORTGAGORS: MARKS RICHARD
MARKS LAUREN
REGION CODE ADDRESS : 7 NATHAN STONE ROAD
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01722
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,650.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.68400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,250.00
P & I AMT: 10,489.56
UPB AMT: 1,429,057.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785596 MORTGAGORS: RICHARDS ANDREW
RICHARDS ELIZABETH
REGION CODE ADDRESS : 106 WHEATLAND RD
01 CITY : LEWISBERRY
STATE/ZIP : PA 17339
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,283.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785604 MORTGAGORS: BAKHTIARI AFSANEH
REGION CODE ADDRESS : 23172 GAINFORD STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,450.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,544.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785638 MORTGAGORS: VARCADIPANE ANTHONY
VARCADIPANE THERESA
REGION CODE ADDRESS : 2118 MIDDLE AVENUE
01 CITY : PT. PLEASANT
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030785711 MORTGAGORS: KNIGHT TIMOTHY
REGION CODE ADDRESS : 1204 NORTH PITT STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.59600
---------------------------------------------------------------
0 0030785729 MORTGAGORS: FRANCKOWIAK WAYNE
FRANCKOWIAK YOLANDA
REGION CODE ADDRESS : 109 COLDREN DRIVE
01 CITY : PROSPECT HEIGHTS
STATE/ZIP : IL 60070
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.50000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,360,500.00
P & I AMT: 9,886.81
UPB AMT: 1,359,021.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785794 MORTGAGORS: HEINEN PETER
HIRA NEELE
REGION CODE ADDRESS : 14673 78TH AVENUE NORTH
01 CITY : MAPLE GROVE
STATE/ZIP : MN 55311
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.75000
---------------------------------------------------------------
0 0030785836 MORTGAGORS: GERSTENFELD JACK
GERSTENFELD LESLIE
REGION CODE ADDRESS : 47105 GLENAIRE COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 245,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,485.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98900
---------------------------------------------------------------
0 0030785885 MORTGAGORS: SOLIMINE SUSAN
SOLIMINE JOHN
REGION CODE ADDRESS : 2695 MATTOX CREEK DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 199,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,559.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,430.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.96200
---------------------------------------------------------------
0 0030785919 MORTGAGORS: LYLES KEVIN
FORD-LYLES SALLY
REGION CODE ADDRESS : 5339 LAKE SHORE AVENUE
01 CITY : WESTERVILLE
STATE/ZIP : OH 43082
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,087.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.36300
---------------------------------------------------------------
0 0030785927 MORTGAGORS: KROST JACK
KROST MARGARET
REGION CODE ADDRESS : 2225 WHARTON LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 285,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,537.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,100.00
P & I AMT: 10,336.77
UPB AMT: 1,436,397.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030785943 MORTGAGORS: KISZA ALAN
REGION CODE ADDRESS : 295 KINNELON ROAD
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.34600
---------------------------------------------------------------
0 0030786032 MORTGAGORS: WILLIAMS ARTHUR
WILLIAMS MARY
REGION CODE ADDRESS : 250 DUBOIS DRIVE
01 CITY : MEMPHIS
STATE/ZIP : TN 38109
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,778.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030786057 MORTGAGORS: YO ALBERT
YO CHRISTOPHER
REGION CODE ADDRESS : 1955 ROSE AVENUE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030786156 MORTGAGORS: SALZGEBER COE
CLARY ELLEN
REGION CODE ADDRESS : 2900 LINCOLN AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96000
---------------------------------------------------------------
0 0030786172 MORTGAGORS: CARLSON GLENN
CARLSON BEVERLY
REGION CODE ADDRESS : 25359 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99850
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,300.00
P & I AMT: 10,467.57
UPB AMT: 1,438,078.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030786222 MORTGAGORS: APOSTOLAKOS ARTHUR
APOSTOLAKOS KATHRYN
REGION CODE ADDRESS : 6350 N SNOWVIEW DR
01 CITY : PARK CITY
STATE/ZIP : UT 84098
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.45200
---------------------------------------------------------------
0 0030786271 MORTGAGORS: MC WILLIAMS RICHARD
MC WILLIAMS BECKIE
REGION CODE ADDRESS : 3601 GLASSOW CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,376.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030786289 MORTGAGORS: ROGERS DONALD
ROGERS DEBORAH
REGION CODE ADDRESS : 14832 CORTLAND HEIGHTS RD
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22193
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,976.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030786313 MORTGAGORS: HANDEL JOSEPH
HANDEL MARY
REGION CODE ADDRESS : 1133 CHATEAU COURT
01 CITY : LODI
STATE/ZIP : CA 95242
MORTGAGE AMOUNT : 262,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99642
---------------------------------------------------------------
0 0030786347 MORTGAGORS: PAUL LAWRENCE
PAUL JULIE
REGION CODE ADDRESS : 16929 ESCALON DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,010.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,450.00
P & I AMT: 10,006.15
UPB AMT: 1,384,812.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030786388 MORTGAGORS: EGLEY PHIL
EGLEY TERESA
REGION CODE ADDRESS : 12401 GLENLIVET WAY
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,040.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.92500
---------------------------------------------------------------
0 0030786396 MORTGAGORS: KOON WILLIAM
REGION CODE ADDRESS : 18632 GOLD STREET
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.71500
---------------------------------------------------------------
0 0030786610 MORTGAGORS: TIRADO DANA
TRIADO SUZANNE
REGION CODE ADDRESS : 9417 S. LAKE SPARROW DR
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 234,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,734.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.98400
---------------------------------------------------------------
0 0030786628 MORTGAGORS: CICERO GREG
CICERO JENNIFER
REGION CODE ADDRESS : 3340 INGLESIDE ROAD
01 CITY : SHAKER HEIGHTS
STATE/ZIP : OH 44122
MORTGAGE AMOUNT : 159,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,139.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98500
---------------------------------------------------------------
0 0030786677 MORTGAGORS: STEINMETZ SCOTT
STEINMETZ LISA
REGION CODE ADDRESS : 8606 NORTHFIELDS CIRCLE
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.18600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,179,350.00
P & I AMT: 8,591.95
UPB AMT: 1,178,875.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030786800 MORTGAGORS: HATTON R.
HATTON TONI
REGION CODE ADDRESS : 7 CANTERBURY LANE
01 CITY : CLINTON TWP
STATE/ZIP : NJ 08809
MORTGAGE AMOUNT : 303,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030786818 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 14513 VELLEUX DR
01 CITY : ORLANDO
STATE/ZIP : FL 32837
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,675.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.85900
---------------------------------------------------------------
0 0030786834 MORTGAGORS: O'XXXXX XXXXXXX
O'XXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXX
01 CITY : KATONAH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,745.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 44.60500
---------------------------------------------------------------
0 0030786842 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : BELLAIRE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,502.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.00000
---------------------------------------------------------------
0 0030786875 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : RIVERSIDE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,822.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,300.00
P & I AMT: 10,580.61
UPB AMT: 1,416,045.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030786891 MORTGAGORS: GO XXXXXXX
GO XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,616.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030786990 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX XX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,311.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.82800
---------------------------------------------------------------
0 0030787030 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30360
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,349.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030787071 MORTGAGORS: XXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX 00
00 XXXX : CELINA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 479,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,461.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,437.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
---------------------------------------------------------------
0 0030787212 MORTGAGORS: QUINN R.
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,600.00
P & I AMT: 11,371.02
UPB AMT: 1,574,739.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030787261 MORTGAGORS: XXXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : HILLSBOROUGH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,002.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.94500
---------------------------------------------------------------
0 0030787329 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXX XXX
01 CITY : LA CRECENTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,287.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,159.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030787386 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : PHILLIPSBURG
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 142,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,399.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,020.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030787402 MORTGAGORS: XXXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX # X
01 CITY : KAILUA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 514,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,272.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,682.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030787436 MORTGAGORS: XXXXXX XXXXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXX 00XX XX
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,538.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.48500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,200.00
P & I AMT: 12,168.79
UPB AMT: 1,650,499.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030787451 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXX XXXXX
01 CITY : AGOURA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,406.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030787469 MORTGAGORS: XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 15223 XXXXXX ISLAND DR # 15223
01 CITY : MIAMI
STATE/ZIP : FL 33109
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,588.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,800.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030787485 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX XXXX
01 CITY : COPPELL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,595.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030787493 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : VERONA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,311.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030787501 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 30502 XXX XX XXXXXX XXXXXX
00 CITY : PALOS VERDES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,642.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 59.04700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,100.00
P & I AMT: 11,645.55
UPB AMT: 1,536,543.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030787550 MORTGAGORS: GREEN XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXXX XXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 298,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,009.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98949
---------------------------------------------------------------
0 0030787568 MORTGAGORS: DAVIES XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XX
01 CITY : BROOKSTON
STATE/ZIP : IN 46923
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,676.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030787584 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 X. XXX XXXX XXXX
01 CITY : FRESNO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,385.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 53.33300
---------------------------------------------------------------
0 0030787600 MORTGAGORS: XXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 X.XXXXXXXX XXXXXX
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,636.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.14200
---------------------------------------------------------------
0 0030787642 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XX
01 CITY : CANTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,632.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,200.00
P & I AMT: 11,951.57
UPB AMT: 1,592,340.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030787667 MORTGAGORS: XXXXXX C
XXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.67100
---------------------------------------------------------------
0 0030787782 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 2666 CLUB MESA PLACE
01 CITY : COSTA MESA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030787832 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,012.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98500
---------------------------------------------------------------
0 0030787857 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 8 SALERMO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 412,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,523.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030787865 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 47-525 XXX XXXXXXX
00 CITY : LA QUINTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,728.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,679,750.00
P & I AMT: 12,408.88
UPB AMT: 1,678,793.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030787915 MORTGAGORS: XXXXXXXXXX XXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 8040 XXXXXXX TOWN COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 244,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,077.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
---------------------------------------------------------------
0 0030787923 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 3366 SUFFOLK DOWNS
01 CITY : STOW
STATE/ZIP : OH 44224
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.58000
---------------------------------------------------------------
0 0030787964 MORTGAGORS: XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXXXX XXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030788046 MORTGAGORS: BYKOWSKY XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : RIDGEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.51600
---------------------------------------------------------------
0 0030788079 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : LEBANON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,285.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.29400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,490,950.00
P & I AMT: 10,776.81
UPB AMT: 1,490,562.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788087 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXXXX XXXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.27000
---------------------------------------------------------------
0 0030788137 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX #000
01 CITY : LOS ANGELES TOLUCA LAKE A
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 99,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,686.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 749.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030788178 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : XXXXXX 00 & 00 XXXXXXXX XXXXX
00 XXXX : ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.45100
---------------------------------------------------------------
0 0030788210 MORTGAGORS: IRELAND XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.89000
---------------------------------------------------------------
0 0030788228 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,769.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.36100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,350.00
P & I AMT: 9,747.98
UPB AMT: 1,327,898.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788251 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00000 X. 00XX XX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,726.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/22
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.12800
---------------------------------------------------------------
0 0030788285 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030788293 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 392,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,297.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 66.01600
---------------------------------------------------------------
0 0030788368 MORTGAGORS: GANDHI XXXXXXXX
XXXXXX BHARTI
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : ST. LOUIS
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 511,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,590.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,842.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.13000
---------------------------------------------------------------
0 0030788384 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX
01 CITY : SCITUATE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,071.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,500.00
P & I AMT: 12,505.61
UPB AMT: 1,679,085.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788392 MORTGAGORS: DE XX XXXXX XXXXXXX
XXXXXX-DE LA XXXXX XXXXXXX
REGION CODE ADDRESS : 901 PICAACHO
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 510,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,266.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,791.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.42700
---------------------------------------------------------------
0 0030788418 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXX XXXX
01 CITY : HOPKINTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,558.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.87000
---------------------------------------------------------------
0 0030788426 MORTGAGORS: XXXXXXXX XXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXXX
01 CITY : ANDOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,586.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.54700
---------------------------------------------------------------
0 0030788442 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXX XXXX
01 CITY : GLENEDEN BEACH
STATE/ZIP : OR 97388
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,377.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.37000
---------------------------------------------------------------
0 0030788483 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX XXXX
01 CITY : VILANOVA
STATE/ZIP : PA 19805
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,105.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,600.00
P & I AMT: 12,138.29
UPB AMT: 1,686,893.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788509 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 2909 XXXXXXXXX XXXXXXXX CRT
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,973.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.11100
---------------------------------------------------------------
0 0030788517 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 203,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,160.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,474.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030788616 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXX 00
01 CITY : NEWPORT
STATE/ZIP : NC 28570
MORTGAGE AMOUNT : 153,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,692.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,129.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030788665 MORTGAGORS: XXXX XXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXX
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,141.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.32500
---------------------------------------------------------------
0 0030788707 MORTGAGORS: XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,198.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,236,200.00
P & I AMT: 8,916.57
UPB AMT: 1,233,165.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788723 MORTGAGORS: XXXXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.69900
---------------------------------------------------------------
0 0030788756 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XX
01 CITY : BARNESVILLE
STATE/ZIP : GA 30204
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,467.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030788772 MORTGAGORS: XXXXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,346.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,558.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.79400
---------------------------------------------------------------
0 0030788780 MORTGAGORS: XXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : XXXXXX CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,776.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030788798 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : MANHATTEN BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,669.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,352.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,825,000.00
P & I AMT: 13,280.35
UPB AMT: 1,823,260.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030788822 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70124
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,180.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.71000
---------------------------------------------------------------
0 0030788905 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXXXX XXXXX
01 CITY : METAIRIE
STATE/ZIP : LA 70005
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,787.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030788970 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : CARMEL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030788996 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,012.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.87500
---------------------------------------------------------------
0 0030789002 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX XXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,466.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,200.00
P & I AMT: 12,578.29
UPB AMT: 1,716,266.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789028 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 X. 000 XXXX XXXXXX
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84042
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,692.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.17000
---------------------------------------------------------------
0 0030789036 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXX XXXXXX
01 CITY : WEST BLOOMFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,565.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.94000
---------------------------------------------------------------
0 0030789044 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 344,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,223.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
---------------------------------------------------------------
0 0030789093 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XX
01 CITY : STATE COLLEGE
STATE/ZIP : PA 16803
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,583.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030789119 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX
01 CITY : OMAHA
STATE/ZIP : NE 68154
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,893.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,750.00
P & I AMT: 10,105.40
UPB AMT: 1,330,958.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789127 MORTGAGORS: XXXX XXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : GLENWOOD SPRINGS
STATE/ZIP : CO 81601
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,043.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.35000
---------------------------------------------------------------
0 0030789135 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
01 CITY : BURLINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,683.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.36700
---------------------------------------------------------------
0 0030789143 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XX
01 CITY : FLEETWOOD
STATE/ZIP : PA 19522
MORTGAGE AMOUNT : 218,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,558.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99500
---------------------------------------------------------------
0 0030789234 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 000 X XXXXXXXX XXXXX
01 CITY : WICHITA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,467.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030789309 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,746.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.22900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,350.00
P & I AMT: 9,224.79
UPB AMT: 1,281,500.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789382 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXXXXX XXXXXX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 153,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,191.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,098.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97700
---------------------------------------------------------------
0 0030789408 MORTGAGORS: YAMANI XXXXXXX
XXXXXX BRAHMI
REGION CODE ADDRESS : 3 PIENZA
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 305,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,744.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98500
---------------------------------------------------------------
0 0030789416 MORTGAGORS: XXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXX XXXXX XXXXX
01 CITY : NEWPORT BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.50000
---------------------------------------------------------------
0 0030789531 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 17010 VISCOUNT COURT
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,802.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.66200
---------------------------------------------------------------
0 0030789606 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX XXXXXX
01 CITY : CHICAGO
STATE/ZIP : IL 60651
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.82700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,000.00
P & I AMT: 9,894.89
UPB AMT: 1,347,299.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789614 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XX
01 CITY : WARNER ROBINS
STATE/ZIP : GA 31088
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030789622 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXX XX
00 CITY : LEXINGTON
STATE/ZIP : VA 24450
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,522.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.20200
---------------------------------------------------------------
0 0030789648 MORTGAGORS: MOHAN XXXXX
XXXXXX-XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 X XXXX XX
01 CITY : ROGERSVILLE
STATE/ZIP : MO 65742
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,325.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.77700
---------------------------------------------------------------
0 0030789663 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX CLAIRE
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : MARCO ISLAND
STATE/ZIP : FL 33937
MORTGAGE AMOUNT : 223,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,938.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.42100
---------------------------------------------------------------
0 0030789689 MORTGAGORS: XXXXXX XXXX
XXXXXX XXX
REGION CODE ADDRESS : 4655 XXXXXX'X COURT
01 CITY : FOREST RANCH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,172.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,255,100.00
P & I AMT: 9,353.31
UPB AMT: 1,252,959.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789697 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 220 SUN DIAL ROAD
01 CITY : MADISON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,632.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.92200
---------------------------------------------------------------
0 0030789705 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 558 A RT 4
01 CITY : MARTINSBURG
STATE/ZIP : WV 25401
MORTGAGE AMOUNT : 227,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,747.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.50 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030789770 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XX
01 CITY : STUDIO CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,993.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.90600
---------------------------------------------------------------
0 0030789903 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXX XXXXXXX XXX
01 CITY : WOODLAND HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030789929 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXX #000
01 CITY : SAN XXXX
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 227,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,261,800.00
P & I AMT: 9,403.68
UPB AMT: 1,259,774.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030789952 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 26341 XXXXX XXXXXXX
01 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,893.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.13200
---------------------------------------------------------------
0 0030789978 MORTGAGORS: XXXXX XXXX
XXXXX J.
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX XXXX NORTH
01 CITY : LAKELAND
STATE/ZIP : TN 38002
MORTGAGE AMOUNT : 223,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030790034 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030790042 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXX XXXX XXX XXXXXX
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77381
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030790091 MORTGAGORS: XXXXXX XXXXXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX
01 CITY : STUDIO CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.66600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,350.00
P & I AMT: 9,958.23
UPB AMT: 1,370,173.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030790109 MORTGAGORS: XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : REDDING
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,959.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 440.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030790174 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 1101 N STAGE COACH
01 CITY : FALLBROOK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,191.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.96800
---------------------------------------------------------------
0 0030790190 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXXXXXX XXXX
01 CITY : MANSFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,945.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
---------------------------------------------------------------
0 0030790224 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
01 CITY : POWAY
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030790257 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.71264
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,628,050.00
P & I AMT: 11,789.84
UPB AMT: 1,627,040.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030790265 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : BURLINGAME
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030790281 MORTGAGORS: XXXXXXXX XXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 1 SANTA LUCIA
01 CITY : XXXX POINT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,806.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030790299 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 271,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 81.24900
---------------------------------------------------------------
0 0030790307 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXXX
01 CITY : MESA
STATE/ZIP : AZ 85203
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,780.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,805.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030790323 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : UNIVERSITY CITY
STATE/ZIP : MO 63130
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,733.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 82.50000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,500.00
P & I AMT: 10,615.71
UPB AMT: 1,416,163.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030790349 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 16315 MARIPOSA CI N SW 70 S
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33331
MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,759.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.85100
---------------------------------------------------------------
0 0030790380 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX XXXX
01 CITY : WATSONVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,399.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030790521 MORTGAGORS: XXXXXXX XXXXXXX
XXXXX-XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXXXX XXXXX
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030790596 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : MARBLEHEAD
STATE/ZIP : OH 43440
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 : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030790729 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXX XXXX XXXXX
01 CITY : NOYACK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.83000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,251,250.00
P & I AMT: 9,263.15
UPB AMT: 1,250,483.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030790745 MORTGAGORS: XXXXXXX DELL
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXX XXXXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,480.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.83000
---------------------------------------------------------------
0 0030790869 MORTGAGORS: XXXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXXXX
01 CITY : UPLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 608,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,592.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,461.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.00000
---------------------------------------------------------------
0 0030790877 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,750.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99600
---------------------------------------------------------------
0 0030790901 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030790927 MORTGAGORS: XXXXXXXXX XXXXXXXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 31672 VIA COYOTE
01 CITY : COTO DE CAZA
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.89400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,450.00
P & I AMT: 12,839.05
UPB AMT: 1,748,506.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030790992 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : RIVERSIDE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,239.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030791008 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : HOLLISTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 243,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,777.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
---------------------------------------------------------------
0 0030791032 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 610,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,100.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,532.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.67857
---------------------------------------------------------------
0 0030791172 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXX
01 CITY : COTO DE CAZA AREA
STATE/ZIP : XX 00000
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030791222 MORTGAGORS: XXXXXX TRI-XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,550.00
P & I AMT: 12,099.65
UPB AMT: 1,643,817.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030791271 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXXXX XXXXXX
01 CITY : MILL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030791289 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX 000XX XXXXXX
01 CITY : MIAMI SHORES
STATE/ZIP : FL 33138
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.19500
---------------------------------------------------------------
0 0030791297 MORTGAGORS: SPERRY XXXXX
XXXXXX BILLA
REGION CODE ADDRESS : 00000 00XX XXXXX XX
01 CITY : MILL CREEK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,674.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
---------------------------------------------------------------
0 0030791396 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : SOUTHLAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 347,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,566.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.17900
---------------------------------------------------------------
0 0030791438 MORTGAGORS: SHELBERG XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 43220 XXXXXXX XXXXX COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 236,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,924.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.85900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,750.00
P & I AMT: 11,067.83
UPB AMT: 1,524,891.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030791461 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXXX
01 CITY : BEVERLY
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.49300
---------------------------------------------------------------
0 0030791487 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 3304 XXXXXX PLACE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22041
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.64100
---------------------------------------------------------------
0 0030791552 MORTGAGORS: XXXX XXXXXXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 11313 RIDERMARK ROW
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030791586 MORTGAGORS: XXXXX XXX
REGION CODE ADDRESS : 000 XXXX XXX XXXXXXX XXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030791826 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX XXXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,300.00
P & I AMT: 9,923.60
UPB AMT: 1,375,408.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030791842 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : SOQUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030791891 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : LAS XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99700
---------------------------------------------------------------
0 0030791982 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : WESTFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,815.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030792139 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX XXX
01 CITY : SUNLAND
STATE/ZIP : XX 00000
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030792220 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 59 EUCALYPTUS XXXXX
01 CITY : MILL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,602.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,600.00
P & I AMT: 12,374.56
UPB AMT: 1,681,033.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030792337 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030792345 MORTGAGORS: BLENUS XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXXXXXX
01 CITY : MANCHESTER
STATE/ZIP : CT 06040
MORTGAGE AMOUNT : 139,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,321.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030792394 MORTGAGORS: SINGH XXXXXX
XXXX DELJEET
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,103.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030792444 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 8148 BLUE XXX XXXX
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32256
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030792501 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : LAGUNA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,673.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 47.50000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,800.00
P & I AMT: 10,205.20
UPB AMT: 1,398,563.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030792519 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,083.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030792527 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX XXXXX
01 CITY : MOORESTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,504.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.40130
---------------------------------------------------------------
0 0030792550 MORTGAGORS: XXXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXXX
01 CITY : BEACH HAVEN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,651.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030792600 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXXX
01 CITY : OCEAN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,494.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030792709 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX
01 CITY : RAMONA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,841.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,050.00
P & I AMT: 10,182.41
UPB AMT: 1,369,575.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030793202 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.05500
---------------------------------------------------------------
0 0030793343 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.17073
---------------------------------------------------------------
0 0030793350 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXX XXXXX
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,852.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.99100
---------------------------------------------------------------
0 0030793384 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 0000 XX 00XX XXXXXX
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,852.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.62700
---------------------------------------------------------------
0 0030793657 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXX
REGION CODE ADDRESS : 00000 XXXX XXXX
01 CITY : HAYMARKET
STATE/ZIP : VA 22165
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.33900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,000.00
P & I AMT: 9,446.98
UPB AMT: 1,295,525.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030793764 MORTGAGORS: XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXX XXX XXXXX
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,630.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030793772 MORTGAGORS: XXXXXXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXX XXXX XXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,585.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030793822 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : ADDISON TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,421.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030793830 MORTGAGORS: XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : CHELTENHAM TOWNSHIP
STATE/ZIP : PA 19095
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,017.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030793921 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX 000
00 CITY : GLENWOOD SPRINGS
STATE/ZIP : CO 81601
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,200.00
P & I AMT: 10,474.13
UPB AMT: 1,418,654.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030793988 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXX
01 CITY : BOISE
STATE/ZIP : ID 83702
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99600
---------------------------------------------------------------
0 0030794044 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 5 RUNNING BROOK COURT
01 CITY : XXXXXX MILL
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 309,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,392.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030794069 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 50 CROCUS XXXXXXX
01 CITY : DURANGO
STATE/ZIP : CO 81303
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,631.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.65700
---------------------------------------------------------------
0 0030794077 MORTGAGORS: XXX XXXXXXX
XXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : OAKLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,747.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,425.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030794119 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : COTO DE CAZA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,688.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,404.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,950.00
P & I AMT: 11,381.38
UPB AMT: 1,508,860.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030794127 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 823 RISING STAR DRIVE
01 CITY : XXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,870.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030794135 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 43867 XXXXXX COURT
01 CITY : ASHBURN
STATE/ZIP : VA 22011
MORTGAGE AMOUNT : 237,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,486.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
---------------------------------------------------------------
0 0030794143 MORTGAGORS: XXXXXX XXXXX
XXXXXX GINGER
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030794176 MORTGAGORS: XXX XX
XXX CHYOU
REGION CODE ADDRESS : 00000 XXXXXX XXXXXXX XXXX
01 CITY : WALNUT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030794309 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : UPPER UWCHLAN TWSP
STATE/ZIP : PA 19335
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,850.00
P & I AMT: 9,179.29
UPB AMT: 1,260,179.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030794317 MORTGAGORS: XXXX XXXX
XXXX XXXX
REGION CODE ADDRESS : 1488 27TH AENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,197.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030794325 MORTGAGORS: YAMAGUCHI NORIMI
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX XXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,724.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.88700
---------------------------------------------------------------
0 0030794333 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : PETALUMA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 338,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,616.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030794341 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 10900 NEW ENGLAND DRIVE
01 CITY : CLINTON
STATE/ZIP : MD 20735
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,284.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030794358 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX
01 CITY : WYOMING
STATE/ZIP : DE 19934
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,097.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 74.88800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,950.00
P & I AMT: 11,351.08
UPB AMT: 1,540,920.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030794366 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXX
01 CITY : TREDYFRIN TWSP
STATE/ZIP : PA 79301
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.14200
---------------------------------------------------------------
0 0030794663 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XX.
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78269
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 588,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,263.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
0 0030794721 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : LOS GATOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,747.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 59.38461
---------------------------------------------------------------
0 0030794895 MORTGAGORS: XXXXXXXX XXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXX CIRCLE
01 CITY : LAKEVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,493.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.97000
---------------------------------------------------------------
0 0030794903 MORTGAGORS: XXXXX XXXXXX
XXXXX XXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,699.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.92800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,756,800.00
P & I AMT: 12,832.23
UPB AMT: 1,755,708.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030794929 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : RYE
STATE/ZIP : XX 00000
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 : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030794937 MORTGAGORS: XXXXXX XXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,740.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99200
---------------------------------------------------------------
0 0030794960 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 15807 CAMINITO CANTARAS
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 384,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,641.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99400
---------------------------------------------------------------
0 0030794978 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXX
01 CITY : ST XXXXXX ISLAND
STATE/ZIP : FL 32328
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 : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.68400
---------------------------------------------------------------
0 0030794986 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : MISSOURI CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,689.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99600
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,800.00
P & I AMT: 10,585.86
UPB AMT: 1,428,524.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030795058 MORTGAGORS: XXXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 6502 LOST COVE
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.39300
---------------------------------------------------------------
0 0030795132 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,232.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,957.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/25
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 54.16600
---------------------------------------------------------------
0 0030795140 MORTGAGORS: SHIH XXXXXXX
XXXX XXX XXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXXX
01 CITY : WALNUT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,972.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030795322 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXX XXXXXX
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99800
---------------------------------------------------------------
0 0030795397 MORTGAGORS: XXXXXX XXX
REGION CODE ADDRESS : 0000 X 00XX XXXXX
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,782.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,200.00
P & I AMT: 12,398.56
UPB AMT: 1,653,986.70
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030795595 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 25 MOUNT JOY DRIVE
01 CITY : TEWKSBURY
STATE/ZIP : XX 00000
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.37500
---------------------------------------------------------------
0 0030795678 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 X. XXXXXXXXXX XXXXX
01 CITY : VALENCIA AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,820.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030795736 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXX
01 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030795793 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : CAMERON PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.59200
---------------------------------------------------------------
0 0030795827 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXX
01 CITY : FRESNO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,399.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,486.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,900.00
P & I AMT: 10,904.93
UPB AMT: 1,458,120.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030795835 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 226,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,155.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98300
---------------------------------------------------------------
0 0030795868 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XX
01 CITY : SEA RANCH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,148.04 OPTION TO CONVERT :
UNPAID BALANCE : 274,801.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 74.36400
---------------------------------------------------------------
0 0030796080 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXX EAST
01 CITY : COLLEYVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030796171 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : SUNNYVALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,792.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,274.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.40700
---------------------------------------------------------------
0 0030796270 MORTGAGORS: MC GOVERN XXXXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXX XXXXX
01 CITY : RANCHOS PALOS VERDES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,448.04
P & I AMT: 10,839.27
UPB AMT: 1,468,748.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030796460 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXXXX
01 CITY : PARK RIDGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030796486 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX
00 XXXX : LAS XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.03500
---------------------------------------------------------------
0 0030796510 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 16 BRENA
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.45500
---------------------------------------------------------------
0 0030796528 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : COSTA MESA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.10100
---------------------------------------------------------------
0 0030796585 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 20 RED TAIL HAWK
01 CITY : PAWLEYS ISLAND
STATE/ZIP : SC 29585
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,138.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,700.00
P & I AMT: 10,686.57
UPB AMT: 1,439,538.10
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
X.X. XXX 0000 TMS AG0004970430 00 01 03 04
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ---------------------------------------------------------------
0 0030796601 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 281,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.41 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 33.09400
---------------------------------------------------------------
0 0030796775 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,212.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
---------------------------------------------------------------
0 0030796825 MORTGAGORS: OBNIAL LINO
OBNIAL TERESITA
REGION CODE ADDRESS : 35 LARKSPUR DRIVE
01 CITY : DAYTON
STATE/ZIP : NJ 08810
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,357.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.33600
---------------------------------------------------------------
0 0030796841 MORTGAGORS: CUNANAN DANILO
CUNANAN THELMA
REGION CODE ADDRESS : 1921 SAINT ANDREWS COURT
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,232.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030796940 MORTGAGORS: LAWRENCE DAVID
LOVELACE-LAWRENCE LESLI
REGION CODE ADDRESS : 326 VINEWOOD LANE
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,200.00
P & I AMT: 10,394.16
UPB AMT: 1,373,702.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030797138 MORTGAGORS: KAPHAN MITCHELL
KAPHAN ROBIN
REGION CODE ADDRESS : 575 PINEBROOK BOULEVARD
01 CITY : NEW ROCHELLE
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
---------------------------------------------------------------
0 0030797153 MORTGAGORS: KOONCE PAUL
KOONCE TAMMY
REGION CODE ADDRESS : 455 HOLLOW DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,292.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,712.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030797161 MORTGAGORS: DUDMAN BRYAN
DUDMAN KAREN
REGION CODE ADDRESS : 192 APRIL WATERS NORTH
01 CITY : MONTGOMERY
STATE/ZIP : TX 77356
MORTGAGE AMOUNT : 561,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,843.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,120.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030797179 MORTGAGORS: JONES BRADLEY
JONES LORI
REGION CODE ADDRESS : 1617 NORTH CEDARCREST DRIVE
01 CITY : BREA
STATE/ZIP : CA 92621
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030797971 MORTGAGORS: WEAVER HENRY
WEAVER MONICA
REGION CODE ADDRESS : 9126 MC BRIDE RIVER AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,096,600.00
P & I AMT: 15,207.41
UPB AMT: 2,095,136.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030798078 MORTGAGORS: PETERSON THOMAS
PETERSON JOANNA
REGION CODE ADDRESS : 27 RANCHO JURUPA PLACE
01 CITY : POMONA
STATE/ZIP : CA 91766
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030798359 MORTGAGORS: TRACY JEFFREY
TRACY PATRICIA
REGION CODE ADDRESS : 12 TIDEMARK
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030798656 MORTGAGORS: HUNTER KEITH
HUNTER KIMBERLY
REGION CODE ADDRESS : 12540 TANNERS COURT
01 CITY : CHARLOTTE
STATE/ZIP : NC 28262
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,909.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 957.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.07600
---------------------------------------------------------------
0 0030798730 MORTGAGORS: COX STEPHEN
REGION CODE ADDRESS : 10003 HUNT CLIFF DRIVE
01 CITY : RIVERVIEW
STATE/ZIP : FL 33569
MORTGAGE AMOUNT : 198,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,559.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,423.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98100
---------------------------------------------------------------
0 0030799100 MORTGAGORS: SANFORD JOHN
SANFORD ANDREA
REGION CODE ADDRESS : 6049 PRINCETON AVENUE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,253,700.00
P & I AMT: 9,172.07
UPB AMT: 1,253,468.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030799183 MORTGAGORS: POWELL JAMES
REGION CODE ADDRESS : 2032 GRANT AVENUE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030799738 MORTGAGORS: TREAT RICHARD
SCANLON JOHN
REGION CODE ADDRESS : 385 FLINT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 322,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.41000
---------------------------------------------------------------
0 0030799761 MORTGAGORS: MOREHART JAMES
MOREHART TAMMY
REGION CODE ADDRESS : 4705 VANDERHILL ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,192.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030799779 MORTGAGORS: PAEK JONG-MAN
PAEK CHI
REGION CODE ADDRESS : 582 22ND AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,838.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.06200
---------------------------------------------------------------
0 0030799787 MORTGAGORS: ZAGER SCOTT
REGION CODE ADDRESS : 413 MARIPOSA DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,704.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,050.00
P & I AMT: 11,337.94
UPB AMT: 1,533,435.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030799811 MORTGAGORS: ARMSTRONG MIKE
ARMSTRONG LAURA
REGION CODE ADDRESS : 3200 DURAND DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,656.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030799829 MORTGAGORS: ROBSON GARY
ROBSON KATHRYN
REGION CODE ADDRESS : 27879 PALOMARES ROAD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,520.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030799845 MORTGAGORS: MARECI JAMES
MARECI LORIE
REGION CODE ADDRESS : 25101 PASEO ARBOLEDA
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 245,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,997.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 87.55300
---------------------------------------------------------------
0 0030799878 MORTGAGORS: YUE WILLIAM
REGION CODE ADDRESS : 2231 LOUISE AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.78700
---------------------------------------------------------------
0 0030800403 MORTGAGORS: KEMP HAVLIN
KEMP DOROTHY
REGION CODE ADDRESS : 1416 NW MAYFIELD ROAD
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 286,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,678,800.00
P & I AMT: 12,473.60
UPB AMT: 1,677,649.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030800536 MORTGAGORS: THORBY ANDREW
THORBY LYNN
REGION CODE ADDRESS : 5231 SHADYWOOD LANE
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.92300
---------------------------------------------------------------
0 0030800577 MORTGAGORS: MARAIS CHARLES
MARAIS LISA
REGION CODE ADDRESS : 10511 RIVERVIEW DRIVE E
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030800676 MORTGAGORS: ANDERSON ERIC
ANDERSON DAWN
REGION CODE ADDRESS : N3935 DUBLIN WAY
01 CITY : APPLETON
STATE/ZIP : WI 54915
MORTGAGE AMOUNT : 74,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,299.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 545.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.25600
---------------------------------------------------------------
0 0030800924 MORTGAGORS: WESLEY SHIRLEY
REGION CODE ADDRESS : 5839 W. 300 NORTH
01 CITY : MT COMFORT
STATE/ZIP : IN 46140
MORTGAGE AMOUNT : 50,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 50,512.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 398.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 70.27700
---------------------------------------------------------------
0 0030800981 MORTGAGORS: THOMPSON RODNEY
REGION CODE ADDRESS : 101 NORTH SUTER STREET
01 CITY : GIBSONBURG
STATE/ZIP : OH 43431
MORTGAGE AMOUNT : 43,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,445.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 330.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.50000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,028,500.00
P & I AMT: 7,585.03
UPB AMT: 1,028,257.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030800999 MORTGAGORS: ROGERS TERRY
ROGERS CATHERINE
REGION CODE ADDRESS : 9643 SOUTH 835 EAST
01 CITY : SANDY
STATE/ZIP : UT 84094
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,895.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 534.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.06800
---------------------------------------------------------------
0 0030801013 MORTGAGORS: KIELY WILLIAM
REGION CODE ADDRESS : 421 HARVARD ST # B
01 CITY : HOUSTON
STATE/ZIP : TX 77007
MORTGAGE AMOUNT : 87,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,558.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 621.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.70200
---------------------------------------------------------------
0 0030801054 MORTGAGORS: DONALSON MARK
DONALSON ERIN
REGION CODE ADDRESS : 11 HUMBOLDT STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 326,475.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,475.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030801088 MORTGAGORS: PALACZ MARK
PALACZ C.
REGION CODE ADDRESS : 1351 LASSEN AVENUE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 242,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99800
---------------------------------------------------------------
0 0030801450 MORTGAGORS: WELLS HOWARD
WELLS JOYCE
REGION CODE ADDRESS : 4794 PARKWICK DRIVE
01 CITY : COLUMBUS
STATE/ZIP : OH 43228
MORTGAGE AMOUNT : 105,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 755.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 834,625.00
P & I AMT: 6,217.81
UPB AMT: 834,329.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030801617 MORTGAGORS: MARTIN WILLIAM
REGION CODE ADDRESS : 4050 OCEAN DRIVE OH-103
01 CITY : RIVIERA BEACH
STATE/ZIP : FL 33404
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030801872 MORTGAGORS: LAUFER CHAIM
REGION CODE ADDRESS : 1443 57TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11219
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,075.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030801963 MORTGAGORS: COHEN ROBERT
COHEN DIANE
REGION CODE ADDRESS : 374 CHAPPAQUA ROAD
01 CITY : BRIARCLIFF MANOR
STATE/ZIP : NY 10510
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030802128 MORTGAGORS: BLACK DANE
BLACEK MARIANNE
REGION CODE ADDRESS : 452 E LAKE RIM LANE
01 CITY : BIOSE
STATE/ZIP : ID 83716
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030802292 MORTGAGORS: KUSNIERZ WLADYSLAWA
REGION CODE ADDRESS : 4850 N LINDER AVENUE #1-B
01 CITY : CHICAGO
STATE/ZIP : IL 60630
MORTGAGE AMOUNT : 52,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 51,891.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 377.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.98000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,137,000.00
P & I AMT: 8,602.54
UPB AMT: 1,136,891.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030802649 MORTGAGORS: BOYTER MARK
BOYTER ELIZABETH
REGION CODE ADDRESS : 955 W. HEATHER AVENUE
01 CITY : GILBERT
STATE/ZIP : AZ 85233
MORTGAGE AMOUNT : 123,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,763.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 902.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98400
---------------------------------------------------------------
0 0030802888 MORTGAGORS: DAVARPANAH HAMID
KERMANI MINA
REGION CODE ADDRESS : 4233 ALEMAN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 337,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,161.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97300
---------------------------------------------------------------
0 0030802896 MORTGAGORS: MESA JUAN
WHENNEN DOREEN
REGION CODE ADDRESS : 2226 SUMMERWIND CIRCLE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 220,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,952.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99500
---------------------------------------------------------------
0 0030802904 MORTGAGORS: ESMOND JERRY
DICKERSON-ESMOND ROBERTA
REGION CODE ADDRESS : 3112 APPLEGATE TERRACE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,388.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.65600
---------------------------------------------------------------
0 0030802953 MORTGAGORS: FLORES IGNACIO
FLORES CONCEPCION
REGION CODE ADDRESS : 2977 TAPER AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 271,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,413.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,172,100.00
P & I AMT: 8,499.18
UPB AMT: 1,170,679.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030802961 MORTGAGORS: REYNOLDS JOHN
REYNOLDS CAROL
REGION CODE ADDRESS : 2077 NORTHEAST SAWDUST HILL ROAD
01 CITY : POULSBO
STATE/ZIP : WA 98370
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,829.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.35065
---------------------------------------------------------------
0 0030802979 MORTGAGORS: WHITHORNE JAMES
WHITHORNE KATHLEEN
REGION CODE ADDRESS : 25 PEMBROKE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,761.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.65900
---------------------------------------------------------------
0 0030802987 MORTGAGORS: SEBAALY PETER
REGION CODE ADDRESS : 4510 MOUNTAINGATE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 316,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,287.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,322.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.17300
---------------------------------------------------------------
0 0030803001 MORTGAGORS: JOHNSON PAUL
JOHNSON RENEE
REGION CODE ADDRESS : 44952 ROBSON ROAD
01 CITY : VAN BUREN TOWNSHIP
STATE/ZIP : MI 48111
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,858.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 891.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 68.23500
---------------------------------------------------------------
0 0030803068 MORTGAGORS: EYZAGUIRRE ALAN
REGION CODE ADDRESS : 460 35TH AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,334,500.00
P & I AMT: 9,864.63
UPB AMT: 1,333,546.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803233 MORTGAGORS: COHN DANIEL
FERNANDEZ-COHN CYNTHIA
REGION CODE ADDRESS : 2604 LA PALOMA LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,327.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030803258 MORTGAGORS: NELSON CHRISTOPHER
NELSON JENNA
REGION CODE ADDRESS : 750 GRIFFITH PARK DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.13000
---------------------------------------------------------------
0 0030803266 MORTGAGORS: COWGILL DENNIS
COWGILL GISELLE
REGION CODE ADDRESS : 1530 DE LA VINA STREET
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93101
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030803423 MORTGAGORS: WALKER JOHN
WALKER DIANE
REGION CODE ADDRESS : 4706 HARBOR COVE CT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 322,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,383.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030803472 MORTGAGORS: GRAY WILLIAM
GRAY PATRICIA
REGION CODE ADDRESS : 22241 NORTH 41ST STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85024
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,692.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.14200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,100.00
P & I AMT: 9,682.70
UPB AMT: 1,316,065.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803480 MORTGAGORS: FOSTER JACQUELINE
REGION CODE ADDRESS : 1448 CARMINE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 289,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,519.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.69000
---------------------------------------------------------------
0 0030803571 MORTGAGORS: JAKSHA STEVEN
JAKSHA ANDREA
REGION CODE ADDRESS : 13618 TORREY HILL CT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,824.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 37.93100
---------------------------------------------------------------
0 0030803589 MORTGAGORS: FEIS DANIEL
FEIS CINDY
REGION CODE ADDRESS : 10985 HISKEY LANE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 255,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,978.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98600
---------------------------------------------------------------
0 0030803605 MORTGAGORS: NOTTINGHAM DOROTHY
REGION CODE ADDRESS : 2246 1/2 BUENA CREEK ROAD
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803621 MORTGAGORS: DONYAIE MARJANEH
REGION CODE ADDRESS : 4100 MONET AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 224,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,645.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,650.00
P & I AMT: 10,090.32
UPB AMT: 1,363,748.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803639 MORTGAGORS: MEHROTRA BHOLA
MEHROTRA RATI
REGION CODE ADDRESS : 17990 ARROYO LANE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,975.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803647 MORTGAGORS: VERGNETTI PAUL
VERGNETTI DEBORAH
REGION CODE ADDRESS : 19967 ALEXANDRA'S GROVE DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,853.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99325
---------------------------------------------------------------
0 0030803662 MORTGAGORS: CASEY JERALD
CASEY JANE
REGION CODE ADDRESS : 25813 PLANTING FIELD DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 307,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,177.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803688 MORTGAGORS: HALLUM ALTON
REGION CODE ADDRESS : 2561 BROOKDALE DRIVE N.W.
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,831.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.01400
---------------------------------------------------------------
0 0030803704 MORTGAGORS: SWARTZBAUGH SCOTT
SWARTZBAUGH KELLY
REGION CODE ADDRESS : 16 OAKHURST ROAD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 283,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,960.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,750.00
P & I AMT: 10,275.60
UPB AMT: 1,404,797.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803712 MORTGAGORS: TING BENNETT
TING EDUARDINE
REGION CODE ADDRESS : 4 POPPY LANE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803720 MORTGAGORS: HICKMAN MATTHEW
HICKMAN KATHERINE
REGION CODE ADDRESS : 4235 SW PATRICK PLACE
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 267,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,474.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99100
---------------------------------------------------------------
0 0030803738 MORTGAGORS: CONLEY TIMOTHY
CONLEY JOAN
REGION CODE ADDRESS : 201 BROOKE ACRES DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 51.28200
---------------------------------------------------------------
0 0030803779 MORTGAGORS: MENASCO MATTHEW
MENASCO SHIRLEY
REGION CODE ADDRESS : 2435 VINEYARD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,806.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803787 MORTGAGORS: NEVELS EDWARD
NEVELS ROBYN
REGION CODE ADDRESS : 1125 WESTVIEW DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,202.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,050.00
P & I AMT: 12,738.95
UPB AMT: 1,736,880.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803811 MORTGAGORS: WILES RUSSELL
WILES DEBORAH
REGION CODE ADDRESS : 21307 ROLLING OAKS DRIVE
01 CITY : FAIRBONE
STATE/ZIP : AL 36532
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 : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803829 MORTGAGORS: CORNELIUS WILLIAM
CORNELIUS DARLA
REGION CODE ADDRESS : 13215 WATER OAK PARK CIRCLE
01 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 239,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,485.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.75100
---------------------------------------------------------------
0 0030803837 MORTGAGORS: KAMMLER FREDERICK
KAMMLER SUSAN
REGION CODE ADDRESS : 67 SHAGBARK DRIVE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,619.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 47.54000
---------------------------------------------------------------
0 0030803845 MORTGAGORS: BERNARD MARK
BERNARD KAY
REGION CODE ADDRESS : 19222 AUTUMN GARDEN
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78258
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803852 MORTGAGORS: HATCH DAVID
HATCH SANDRA
REGION CODE ADDRESS : 2646 BAYSHORE DRIVE
01 CITY : SAN LEON
STATE/ZIP : TX 77539
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,650.00
P & I AMT: 10,027.88
UPB AMT: 1,376,517.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803860 MORTGAGORS: KAM KEITH
KAM WENDY
REGION CODE ADDRESS : 2723 SOUTH SOMERSET PLACE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,688.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803878 MORTGAGORS: VILAR ROLANDO
VILAR MARIA
REGION CODE ADDRESS : 20 LEROY STREET
01 CITY : PLEASANTVILLE
STATE/ZIP : NY 10570
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,794.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.97200
---------------------------------------------------------------
0 0030803886 MORTGAGORS: BRADLEY JAMES
BRADLEY SUDINE
REGION CODE ADDRESS : 8965 COTTONGRASS STREET
01 CITY : WALDORF
STATE/ZIP : MD 20603
MORTGAGE AMOUNT : 257,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,585.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98900
---------------------------------------------------------------
0 0030803894 MORTGAGORS: HARDIE CATHERINE
HARDIE MARK
REGION CODE ADDRESS : 19708 OLNEY MILL ROAD
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 227,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,889.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.80100
---------------------------------------------------------------
0 0030803902 MORTGAGORS: CASTORENA FERNANDO
CASTORENA TERESA
REGION CODE ADDRESS : 9892 VOYAGER CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 220,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,709.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,650.00
P & I AMT: 9,617.20
UPB AMT: 1,283,667.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803910 MORTGAGORS: ATKINSON DONALD
ATKINSON DELIA
REGION CODE ADDRESS : 2291 SOUTH AUGUSTA DRIVE
01 CITY : ST. GEORGE
STATE/ZIP : UT 84790
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,600.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803928 MORTGAGORS: KUHN CAMERON
HADDAWAY CATHERINE
REGION CODE ADDRESS : 50 FOREST STREET
01 CITY : WINDEMERE
STATE/ZIP : FL 34786
MORTGAGE AMOUNT : 366,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,268.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,723.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030803936 MORTGAGORS: LAGES JUDITH
REGION CODE ADDRESS : 9668 COLINADE DR
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,426.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98700
---------------------------------------------------------------
0 0030803944 MORTGAGORS: AGUSTIN GENEROSA
REGION CODE ADDRESS : 2794 W. BLOOMFIELD OAKS DR
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48324
MORTGAGE AMOUNT : 244,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,871.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98600
---------------------------------------------------------------
0 0030803951 MORTGAGORS: ADAMS JOHN
ADAMS SYLVIA
REGION CODE ADDRESS : 505 CANDLEWOOD HILL ROAD
01 CITY : HIGGANUM
STATE/ZIP : CT 06441
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.44444
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,950.00
P & I AMT: 10,710.62
UPB AMT: 1,453,804.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030803969 MORTGAGORS: INGWALSON DANA
INGWALSON MICHELE
REGION CODE ADDRESS : 8212 CASTLEBERRY DR
01 CITY : WOODSTOCK
STATE/ZIP : IL 60098
MORTGAGE AMOUNT : 236,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,407.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.67200
---------------------------------------------------------------
0 0030803977 MORTGAGORS: KLINE DAVID
EFFRON-KLINE DANI
REGION CODE ADDRESS : 6 MAPLEWOOD LANE
01 CITY : EAST HILLS
STATE/ZIP : NY 11756
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,249.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.94800
---------------------------------------------------------------
0 0030803985 MORTGAGORS: STENZEL ANDREW
STENZEL LAURA
REGION CODE ADDRESS : 7642 WATFORD DR
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,788.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030803993 MORTGAGORS: TERRY JOHN
TERRY BRENDA
REGION CODE ADDRESS : 3417 MAPLELEAF LANE
01 CITY : RICHARDSON
STATE/ZIP : TX 75082
MORTGAGE AMOUNT : 221,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,263.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98300
---------------------------------------------------------------
0 0030804009 MORTGAGORS: FEDDERLY BRADLEY
FEDDERLY SHARON
REGION CODE ADDRESS : 7901 N. MOHAWK RD
01 CITY : FOX POINT
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,331.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,250.00
P & I AMT: 11,528.87
UPB AMT: 1,572,040.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804017 MORTGAGORS: ZIMMER JOHN
ZIMMER LEIGH
REGION CODE ADDRESS : 26339 WILDERNESS WAY
01 CITY : PEWAUKEE
STATE/ZIP : WI 53072
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,522.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030804025 MORTGAGORS: LEBATARD DANIEL
REGION CODE ADDRESS : 12832 NW 23 ST
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33028
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,686.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.86800
---------------------------------------------------------------
0 0030804033 MORTGAGORS: GRIMES MARY
REGION CODE ADDRESS : 7036 W. MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,805.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 56.48100
---------------------------------------------------------------
0 0030804041 MORTGAGORS: STRITTMATTER DONALD
STRITTMATTER CAROLYN
REGION CODE ADDRESS : 40 KENILWORTH ROAD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,200.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.38500
---------------------------------------------------------------
0 0030804058 MORTGAGORS: RUSSO JOSEPH
RUSSO PATRICIA
REGION CODE ADDRESS : 4 RYER LANE
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,632.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.29200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,000.00
P & I AMT: 10,565.16
UPB AMT: 1,432,847.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804066 MORTGAGORS: CARTER BILL
REGION CODE ADDRESS : 10660 CEDAR NILES BLVD.
01 CITY : OLATHE
STATE/ZIP : KS 66061
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,670.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.51100
---------------------------------------------------------------
0 0030804074 MORTGAGORS: JORDAN JEFF
JORDAN JEANETTE
REGION CODE ADDRESS : 205 ERIN LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,695.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.50000
---------------------------------------------------------------
0 0030804082 MORTGAGORS: SCHREIBER JONATHAN
SCHREIBER VALDA
REGION CODE ADDRESS : 8 LUFKIN POINT LANE
01 CITY : ESSEX
STATE/ZIP : MA 01929
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,226.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.77500
---------------------------------------------------------------
0 0030804108 MORTGAGORS: SUSSMAN ROBERT
SUSSMAN LESLIE
REGION CODE ADDRESS : 7 TERENCE DRIVE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,859.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 89.96400
---------------------------------------------------------------
0 0030804116 MORTGAGORS: JACOBS WENDY
REGION CODE ADDRESS : 2 CHAUNCY LANE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,469.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.50000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,000.00
P & I AMT: 10,110.14
UPB AMT: 1,348,919.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804124 MORTGAGORS: LANGTON TODD
REGION CODE ADDRESS : 151 CONCORD RD
01 CITY : CARLISLE
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,657.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030804140 MORTGAGORS: BUTLER HARRIS
BUTLER RITA
REGION CODE ADDRESS : 1610 WEST 13700 SOUTH
01 CITY : RIVERTON
STATE/ZIP : UT 84065
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,914.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030804165 MORTGAGORS: DANIELSON ARDEN
REGION CODE ADDRESS : 520 SE COLUMBIA RIVER DR.
01 CITY : VANCOUVER
STATE/ZIP : WA 98661
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,393.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030804173 MORTGAGORS: HAYGOOD STEVEN
HAYGOOD MARY
REGION CODE ADDRESS : 6845 FARMBROOK DR
01 CITY : CINCINNATI
STATE/ZIP : OH 45230
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,804.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030804181 MORTGAGORS: DUVAL LOUIS
DUVAL MURIEL
REGION CODE ADDRESS : N. VULTURE MINE ROAD
01 CITY : WICKENBURG
STATE/ZIP : AZ 85390
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,424.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.36800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,269,450.00
P & I AMT: 9,310.22
UPB AMT: 1,267,194.14
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804231 MORTGAGORS: STACHEL DAVID
STACHEL NINA
REGION CODE ADDRESS : 6299 MEADOWSWEET AVEENUE N.W.
01 CITY : CANTON
STATE/ZIP : OH 44718
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,430.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99300
---------------------------------------------------------------
0 0030804264 MORTGAGORS: FEDORCHAK JACK
FEDORCHAK SUSAN
REGION CODE ADDRESS : 5027 CHERRY BLOSSOM CIRCLE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48382
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,849.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.26700
---------------------------------------------------------------
0 0030804280 MORTGAGORS: LUCIANI DONALD
LUCIANI LESLIE
REGION CODE ADDRESS : 160 PLEASANT ST
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,489.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.42800
---------------------------------------------------------------
0 0030804306 MORTGAGORS: STORRAR SUSAN
REGION CODE ADDRESS : 505 REGENT LANE
01 CITY : WOODLAND PARK
STATE/ZIP : CO 80863
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,348.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030804330 MORTGAGORS: SILVA JOSEPH
SILVA CATHERINE
REGION CODE ADDRESS : 6 AQUA TERRACE
01 CITY : HOPEWELL
STATE/ZIP : NJ 08560
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,600.00
P & I AMT: 9,534.12
UPB AMT: 1,278,933.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804355 MORTGAGORS: MARTIN RICHARD
MARTIN VICKI
REGION CODE ADDRESS : 11021 STONEBROOK DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 22111
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,596.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.90900
---------------------------------------------------------------
0 0030804546 MORTGAGORS: CRICKERBERGER WILLIAM
CRICKERBERGER EVELYN
REGION CODE ADDRESS : 13300 BALMORAL FOREST COURT
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,698.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.26087
---------------------------------------------------------------
0 0030804868 MORTGAGORS: HICKS RANDALL
HICKS JEANNETTE
REGION CODE ADDRESS : 6062 SUN VIEW ROAD
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,826.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030804884 MORTGAGORS: HWA JOHN
HWA LOUISA
REGION CODE ADDRESS : 503 LOWER VINTNERS CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,751.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/17
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.17073
---------------------------------------------------------------
0 0030804900 MORTGAGORS: MILON LAURA
REGION CODE ADDRESS : 749 MAGNOLIA AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,641.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,670,800.00
P & I AMT: 12,457.45
UPB AMT: 1,669,512.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030804918 MORTGAGORS: CHUGH ANIL
CHUGH KANCHAN
REGION CODE ADDRESS : 11936 DORAL AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030804942 MORTGAGORS: THOMPSON RANDI
MORELAND RONALD
REGION CODE ADDRESS : 2830 HADDINGTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,655.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.71428
---------------------------------------------------------------
0 0030804959 MORTGAGORS: ROTHMAN JEFFREY
REGION CODE ADDRESS : 956 WHIMBREL COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
0 0030805006 MORTGAGORS: HAGGERTY JOHN
HAGGERTY CAROL
REGION CODE ADDRESS : 20362 GLASGOW DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,781.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 55.38400
---------------------------------------------------------------
0 0030805022 MORTGAGORS: REUBEN JAMES
REUBEN CARMEN
REGION CODE ADDRESS : 11610 TAYLORCREST ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,832.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.32835
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,100.00
P & I AMT: 11,819.19
UPB AMT: 1,613,195.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805030 MORTGAGORS: ABRAHAM DANIEL
ABRAHAM SUSAN
REGION CODE ADDRESS : 35065 EL DORADO
01 CITY : LAKE ELSINORE
STATE/ZIP : CA 92530
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 : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.28500
---------------------------------------------------------------
0 0030805105 MORTGAGORS: POTTER RICHARD
POTTER BARBARA
REGION CODE ADDRESS : 1730 LASUEN ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93103
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030805139 MORTGAGORS: VERGARA ANTHONY
VERGARA NICOLE
REGION CODE ADDRESS : 2232 VIA ACALONES
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.94560
---------------------------------------------------------------
0 0030805147 MORTGAGORS: BAUTISTA RICHARD
BAUTISTA STEPHANIE
REGION CODE ADDRESS : 2048 WEST CRESTWOOD STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 278,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,008.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.74193
---------------------------------------------------------------
0 0030805154 MORTGAGORS: NELSON PAUL
NELSON KATHERYN
REGION CODE ADDRESS : 18181 ALLEGHENY DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,841.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.47058
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,200.00
P & I AMT: 11,377.15
UPB AMT: 1,550,157.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805196 MORTGAGORS: NEFF ROBERT
NEFF NANCY
REGION CODE ADDRESS : 315 EMERSON STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 269,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.46800
---------------------------------------------------------------
0 0030805212 MORTGAGORS: INGALLS PHILIP
CANDLISH ELIZABETH
REGION CODE ADDRESS : 282 CHATTANOOGA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,072.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030805279 MORTGAGORS: LINTHICUM CHARLES
REID PATRICIA
REGION CODE ADDRESS : 58 LOWELL PLACE
01 CITY : BONNY DOON
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030805303 MORTGAGORS: JAFFE PAUL
FISHBURN ELLEN
REGION CODE ADDRESS : 11034 PEAKS PIKE ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,742.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.19230
---------------------------------------------------------------
0 0030805329 MORTGAGORS: MEHIDI ABDELKADER
MEHIDI MARIA
REGION CODE ADDRESS : 369 SAN LUIS WAY
01 CITY : NOVATO
STATE/ZIP : CA 94945
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,750.00
P & I AMT: 9,865.75
UPB AMT: 1,369,977.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805345 MORTGAGORS: SHELDON RICHARD
SHELDON SHARYN
REGION CODE ADDRESS : 15 PINE PLACE
01 CITY : HARRINGTON PARK
STATE/ZIP : NJ 07640
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030805352 MORTGAGORS: MAKINO MASAHARU
FUJII AKEMI
REGION CODE ADDRESS : 19753 ALPINE CREST ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 384,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,231.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,823.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.95400
---------------------------------------------------------------
0 0030805360 MORTGAGORS: REASONER ROBERT
REASONER NANETTE
REGION CODE ADDRESS : 245 NORTH CENTRAL AVENUE
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,326.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030805378 MORTGAGORS: SANTISO GUILLERMO
SANTISO CLARA
REGION CODE ADDRESS : 10847 TUXFORD STREET
01 CITY : SUN VALLEY AREA
STATE/ZIP : CA 91352
MORTGAGE AMOUNT : 335,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,136.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.35106
---------------------------------------------------------------
0 0030805394 MORTGAGORS: SALJOUGHIAN MANOUCHEHR
MOSHREFZADEH PEYMAN
REGION CODE ADDRESS : 44 WANDEL DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,811.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 71.52900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,600.00
P & I AMT: 11,704.79
UPB AMT: 1,557,344.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805410 MORTGAGORS: ORTH STEVEN
ORTH CONSTANCE
REGION CODE ADDRESS : 5895 FELICIA AVE
01 CITY : LIVER MORE
STATE/ZIP : CA 94550
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.23400
---------------------------------------------------------------
0 0030805428 MORTGAGORS: CRUSE BRYANT
CRUSE ANN
REGION CODE ADDRESS : 3510 DEEP LANDING RD
01 CITY : HUNTINGTON
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 281,365.62 OPTION TO CONVERT :
UNPAID BALANCE : 277,625.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/19
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.14500
---------------------------------------------------------------
0 0030805436 MORTGAGORS: BENNER CAROL
BENNER CHARLES
REGION CODE ADDRESS : 2333 CHESTNUT HILL AVE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 240,289.23 OPTION TO CONVERT :
UNPAID BALANCE : 238,411.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 07/01/22
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 73.25800
---------------------------------------------------------------
0 0030805451 MORTGAGORS: GLIVINGS RUDOLPH
GLIVINGS DOROTHY
REGION CODE ADDRESS : 6508 CLAREMORE AVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92120
MORTGAGE AMOUNT : 220,671.21 OPTION TO CONVERT :
UNPAID BALANCE : 218,028.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/05/21
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.62100
---------------------------------------------------------------
0 0030805485 MORTGAGORS: WEBBER CHARLES
WEBBER DIANE
REGION CODE ADDRESS : 10611 MOORE STREET
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 226,968.46 OPTION TO CONVERT :
UNPAID BALANCE : 223,861.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/23
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.28295
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,216,494.52
P & I AMT: 9,300.07
UPB AMT: 1,204,952.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805519 MORTGAGORS: MIKSZAN DAVID
MIKSZAN KATHLEEN
REGION CODE ADDRESS : 10989 SHADOW LANE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 268,360.38 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/22
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.62100
---------------------------------------------------------------
0 0030805527 MORTGAGORS: ALEXANDER DAVID
ALEXANDER ALICE
REGION CODE ADDRESS : 10188 RED SPRUCE ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22032
MORTGAGE AMOUNT : 236,725.26 OPTION TO CONVERT :
UNPAID BALANCE : 233,505.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/19
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.85885
---------------------------------------------------------------
0 0030805691 MORTGAGORS: VANCE DAVID
VANCE MICHELE
REGION CODE ADDRESS : 10706 RIVER OAKS DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 130,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,012.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 954.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97000
---------------------------------------------------------------
0 0030805733 MORTGAGORS: ZIRAK VALODIA
ZIRAK SWEETLANA
REGION CODE ADDRESS : 1230 GINGERWOOD DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,436.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030805774 MORTGAGORS: SOHN YOUNG
SOHN SAM
REGION CODE ADDRESS : 320 HILGARD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 55.55500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,785.64
P & I AMT: 10,260.52
UPB AMT: 1,365,243.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030805782 MORTGAGORS: REED LONNIE
REED PAMELA
REGION CODE ADDRESS : 8272 DANCY CIRCLE
01 CITY : HUNTINGDON BEACH
STATE/ZIP : CA 92646
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030805790 MORTGAGORS: HIRSCHKOFF EUGENE
HIRSCHKOFF BARBARA
REGION CODE ADDRESS : 3365 CALLE MARGARITA
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
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 : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 34.88300
---------------------------------------------------------------
0 0030805808 MORTGAGORS: FRECHETTE STEPHEN
REGION CODE ADDRESS : 303 HICKORYWOOD BOULEVARD
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,690.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030806046 MORTGAGORS: RAMIREZ ERNESTO
RAMIREZ MARIA
REGION CODE ADDRESS : 92 NORTH WATER STREET
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,824.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.73200
---------------------------------------------------------------
0 0030806061 MORTGAGORS: LINNENKAMP DAVID
LINNENKAMP CHERRI
REGION CODE ADDRESS : 26317 NE 54 PL
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,850.00
P & I AMT: 9,790.71
UPB AMT: 1,327,962.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030806095 MORTGAGORS: OSTER JOHN
REGION CODE ADDRESS : 2021 BASELINE DRIVE
01 CITY : GRAND JUNCTION
STATE/ZIP : CO 81503
MORTGAGE AMOUNT : 254,362.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,191.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99981
---------------------------------------------------------------
0 0030806178 MORTGAGORS: EDWARDS JAMES
EDWARDS KIMBERLY
REGION CODE ADDRESS : 5650 WARNER COURT
01 CITY : HUNTINGTON
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 235,853.94 OPTION TO CONVERT :
UNPAID BALANCE : 232,743.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/20
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.19400
---------------------------------------------------------------
0 0030806251 MORTGAGORS: TODD DOUGLAS
TODD ELISA
REGION CODE ADDRESS : 4 SWEETWOOD DRIVE
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 289,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030806533 MORTGAGORS: SMITH RICHARD
SYKORA JAN
REGION CODE ADDRESS : 1901 ALAMEDA TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,331.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030806541 MORTGAGORS: COLE JAMES
COLE CATHERINE
REGION CODE ADDRESS : 5578 AVENIDA ADOBE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.60100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,915.94
P & I AMT: 9,860.63
UPB AMT: 1,318,466.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030806582 MORTGAGORS: MELTON MARK
MELTON KIMBERELY
REGION CODE ADDRESS : 1709 JUMPER COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
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 : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.52564
---------------------------------------------------------------
0 0030806608 MORTGAGORS: LAIRD DONNA
LAIRD JOSEPH
REGION CODE ADDRESS : 3392 ST. MICHAEL DR
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 502,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 502,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.68254
---------------------------------------------------------------
0 0030806772 MORTGAGORS: KIPNIS GARY
KIPNIS SVETLANA
REGION CODE ADDRESS : 651 DUNHOLME WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,720.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030806822 MORTGAGORS: SFRIJAN CEZAR
SFRIJAN ELENA
REGION CODE ADDRESS : 1840 CROWDER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030807317 MORTGAGORS: TROOP ALAN
TROOP TRACEY
REGION CODE ADDRESS : 60 ROYAL SAINT GEORGE ROAD
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,491.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42307
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,040,450.00
P & I AMT: 14,663.02
UPB AMT: 2,039,529.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030807879 MORTGAGORS: WILLIS RAYMOND
REGION CODE ADDRESS : 2961 MEADOW GREEN DRIVE
01 CITY : FARMERS BRANCH
STATE/ZIP : TX 75234
MORTGAGE AMOUNT : 91,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,140.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 677.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030807911 MORTGAGORS: VUKOVIC MIO
REGION CODE ADDRESS : 3407 LOWRY ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,273.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030807929 MORTGAGORS: JOSHI ANIL
JOSHI MONIKA
REGION CODE ADDRESS : 3021 OBISDIAN COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,125.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030807952 MORTGAGORS: SHANDLING ADRIAN
SHANDLING GILLIGAN
REGION CODE ADDRESS : 18852 ROCKINGHORSE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 606,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 605,822.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,343.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
---------------------------------------------------------------
0 0030808331 MORTGAGORS: BOOTH MICHAEL
BOOTH MARY
REGION CODE ADDRESS : 2202 MCCULLOUGH STREET
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,050.00
P & I AMT: 11,291.17
UPB AMT: 1,551,161.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030808364 MORTGAGORS: KOHLHAGEN GERALD
KOHLHAGEN LINDA
REGION CODE ADDRESS : 28481 SHRIKE DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030808372 MORTGAGORS: FINNEY RICHARD
NAKAHAMA NOELLE
REGION CODE ADDRESS : 3013 OBSIDIAN COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,749.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99500
---------------------------------------------------------------
0 0030808414 MORTGAGORS: LOHMAN GARY
LOHMAN DIANE
REGION CODE ADDRESS : 4911 175 ST SE
01 CITY : BOTHELL
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030808455 MORTGAGORS: TURNER ERIC
TURNER CYNTHIA
REGION CODE ADDRESS : 14572 TERRACE HILL LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,454.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99700
---------------------------------------------------------------
0 0030808471 MORTGAGORS: SCHULZE DOUGLAS
SCHULZE LISA
REGION CODE ADDRESS : 12306 NORTHEAST 165TH STREET
01 CITY : BOTHELL
STATE/ZIP : WA 98011
MORTGAGE AMOUNT : 225,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,294.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,273,450.00
P & I AMT: 9,334.73
UPB AMT: 1,272,800.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030808505 MORTGAGORS: MCFADIN DAWN
MCFADIN KEVIN
REGION CODE ADDRESS : 3116 CIRCLE HILL ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,776.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
---------------------------------------------------------------
0 0030808596 MORTGAGORS: MULHOLLAND ROBERT
HARDESTY DOROTHY
REGION CODE ADDRESS : 2230 BIG RANCH ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,587.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72700
---------------------------------------------------------------
0 0030809388 MORTGAGORS: YOO JAE
YOO JUNG
REGION CODE ADDRESS : 11 VIA PORTO GRANDE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,597.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,402.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66600
---------------------------------------------------------------
0 0030809396 MORTGAGORS: CLARK ROBERT
MEAD B.
REGION CODE ADDRESS : 826 VIA RANCHO PARKWAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 246,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,796.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98100
---------------------------------------------------------------
0 0030809404 MORTGAGORS: GODFREY GREG
GODFREY MARGARET
REGION CODE ADDRESS : 7778 WOODSHOLE COURT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,850.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,908,900.00
P & I AMT: 13,958.71
UPB AMT: 1,907,608.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030809503 MORTGAGORS: LARAMY JAMES
REGION CODE ADDRESS : 3632 EAST LINCOLN AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95818
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.50000
---------------------------------------------------------------
0 0030809537 MORTGAGORS: HILL KENNETH
SAVARY PRISCILLA
REGION CODE ADDRESS : 13321 HIDDEN VALLEY DR
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,357.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030809552 MORTGAGORS: POMERANTZ STEVEN
TANDY-POMERANTZ KAREN
REGION CODE ADDRESS : 5010 GLEN PARK ROAD
01 CITY : ANNADALE
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,774.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.97800
---------------------------------------------------------------
0 0030809560 MORTGAGORS: ANATO JOSEPH
ANTAO KALIKA
REGION CODE ADDRESS : 12 WOODED LANE
01 CITY : ALLEN
STATE/ZIP : TX 75013
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 : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030809602 MORTGAGORS: ASTLEFORD RICHARD
ASTLEFORD SHARON
REGION CODE ADDRESS : 9154 BAY POINT DR
01 CITY : ORLANDO
STATE/ZIP : FL 32819
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,771.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.01900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,500.00
P & I AMT: 11,737.13
UPB AMT: 1,599,424.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030809610 MORTGAGORS: HILL AARON
HILL PAMELA
REGION CODE ADDRESS : 8000 LAKE HAVEN DRIVE
01 CITY : MECHANICSVILLE
STATE/ZIP : VA 23111
MORTGAGE AMOUNT : 236,089.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,926.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99990
---------------------------------------------------------------
0 0030809701 MORTGAGORS: COYNE DAVID
REGION CODE ADDRESS : 2 HAMMER HOOK DRIVE
01 CITY : HANOVER
STATE/ZIP : MA 02339
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,838.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.68600
---------------------------------------------------------------
0 0030809735 MORTGAGORS: CAMACHO RAUL
CAMACHO AIDA
REGION CODE ADDRESS : 11405 FOOTHILL AVENUE NO. 5
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,835.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.17543
---------------------------------------------------------------
0 0030809776 MORTGAGORS: BUI DIEMPHI
REGION CODE ADDRESS : 4303 HOLLOWSTONE COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,560.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98200
---------------------------------------------------------------
0 0030809800 MORTGAGORS: BLUNDELL DEL
BLUNDELL SANDRA
REGION CODE ADDRESS : 3212 LANGLEY DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,615.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,314,639.00
P & I AMT: 9,848.73
UPB AMT: 1,313,776.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030809826 MORTGAGORS: CARTWRIGHT DERRICK
CARTWRIGHT LAUREN
REGION CODE ADDRESS : 13082 PORTOFINO DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030810634 MORTGAGORS: LARSON DOUGLAS
LARSON PATRCIA
REGION CODE ADDRESS : 370 FONTONETT AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030810717 MORTGAGORS: COHEN JON
BRADLEY SHANNON
REGION CODE ADDRESS : 368 STAFFORD AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,806.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.15400
---------------------------------------------------------------
0 0030810733 MORTGAGORS: STOWERS MARK
STOWERS MELINDA
REGION CODE ADDRESS : 6623 SOUTH BENECIA DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030810766 MORTGAGORS: BECHTOLD RONALD
MC PEEK-BECHTOLD COLLEEN
REGION CODE ADDRESS : 2656 COMSTOCK CIRCLE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,706.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,400.00
P & I AMT: 12,003.09
UPB AMT: 1,646,913.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030810790 MORTGAGORS: PTUCHA GREGORY
DEERING ROBERTA
REGION CODE ADDRESS : 3408 I STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95816
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030810808 MORTGAGORS: AGUILERA GILL
AGUILERA WENDY
REGION CODE ADDRESS : 2411 VIA MERO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030810816 MORTGAGORS: SARKAR SHANTANU
SARKAR SAMITA
REGION CODE ADDRESS : 32 CALLE CABRILLO
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 79.28000
---------------------------------------------------------------
0 0030810832 MORTGAGORS: TRINH DAVIS
TRINH DANA
REGION CODE ADDRESS : 2363 FLICKINGER ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99353
---------------------------------------------------------------
0 0030810873 MORTGAGORS: PINEDA ANDRES
PINEDA LINDA
REGION CODE ADDRESS : 18321 CHURCHILL LANE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,771.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,000.00
P & I AMT: 9,462.11
UPB AMT: 1,287,771.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030810907 MORTGAGORS: CAMPBELL DENNIS
REGION CODE ADDRESS : 440 RUBY STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030810923 MORTGAGORS: QUERIDO CHARLES
QUERIDO PATRICIA
REGION CODE ADDRESS : 660 WEST TERRYLYNN PLACE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030810949 MORTGAGORS: HALL R
HALL SUSAN
REGION CODE ADDRESS : 21800 FEATHER AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030810980 MORTGAGORS: BURKE SCOTT
BURKE LUCILA
REGION CODE ADDRESS : 575 PABLO COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
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 : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.64400
---------------------------------------------------------------
0 0030811228 MORTGAGORS: KNISLEY ERIC
KNISLEY DONNA
REGION CODE ADDRESS : 2845 WINDMILL RANCH ROAD
01 CITY : FT. LAUDERDALE
STATE/ZIP : FL 33331
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,717.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.94700
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,600.00
P & I AMT: 10,264.15
UPB AMT: 1,412,317.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030811236 MORTGAGORS: WARDEN JOHN
WARDEN MARJORIE
REGION CODE ADDRESS : 225 HUNTER TRAIL
01 CITY : PIKE ROAD
STATE/ZIP : AL 36064
MORTGAGE AMOUNT : 340,067.03 OPTION TO CONVERT :
UNPAID BALANCE : 338,867.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/23
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 84.59300
---------------------------------------------------------------
0 0030811616 MORTGAGORS: SIMON STEVEN
SIMON ELIZABETH
REGION CODE ADDRESS : 22 FOREST HILL ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.26600
---------------------------------------------------------------
0 0030811905 MORTGAGORS: BLACK STEPHEN
BLACK CATHERINE
REGION CODE ADDRESS : 4128 RANDOLPH STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,770.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030811913 MORTGAGORS: RICASA-BAGAPORO ARLIE
BAGAPORO EDELFONSO
REGION CODE ADDRESS : 1785 SUNNY CREST LANE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,453.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030811921 MORTGAGORS: KICKHOFEL ROBERT
KICKHOFEL NINA
REGION CODE ADDRESS : 2604 META DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,667.03
P & I AMT: 11,778.18
UPB AMT: 1,564,794.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030811947 MORTGAGORS: JAMES JOHN
ROBERTSON DIANE
REGION CODE ADDRESS : PRIV. R/W OFF VSR 643
01 CITY : DIGGS
STATE/ZIP : VA 23109
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,821.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030811962 MORTGAGORS: PICKERING ERIK
PICKERING TRACI
REGION CODE ADDRESS : 481 CHURCHILL PARK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030811996 MORTGAGORS: NGUYEN AI
COLLINS M
REGION CODE ADDRESS : 3420 FLEETWOOD DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 214,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.15672
---------------------------------------------------------------
0 0030812002 MORTGAGORS: COLE EVELYN
REGION CODE ADDRESS : 2264 MAXIMILIAN DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030812028 MORTGAGORS: WIEDMEIER BRET
WIEDMEIER CHRISTINE
REGION CODE ADDRESS : 1510 RIDGEWOOD ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 294,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,300.00
P & I AMT: 10,432.59
UPB AMT: 1,423,300.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030812036 MORTGAGORS: NORDSTROM JEFF
NORDSTROM TANIA
REGION CODE ADDRESS : 9804 WISH AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 275,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030812051 MORTGAGORS: MCCOLLOUGH BRIAN
MCCOLLOUGH HEATHER
REGION CODE ADDRESS : 5411 VALLECITO AVENUE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030812069 MORTGAGORS: LEE THOMAS
LEE LAURIE
REGION CODE ADDRESS : 7034 HEARTLAND WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 309,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
---------------------------------------------------------------
0 0030812085 MORTGAGORS: HEMPHILL MARK
HEMPHILL ELINE
REGION CODE ADDRESS : 2080 LADERA VISTA DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92631
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.61704
---------------------------------------------------------------
0 0030812093 MORTGAGORS: WOLGAT ROBERT
REGION CODE ADDRESS : 3080 MIDDLEFIELD ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.60274
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,100.00
P & I AMT: 10,010.93
UPB AMT: 1,382,100.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030812119 MORTGAGORS: PETTERSEN ERIC
PETTERSEN JANET
REGION CODE ADDRESS : 2 COUNTRY GLEN ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.00000
---------------------------------------------------------------
0 0030812127 MORTGAGORS: FAHN JEFFREY
FAHN JENNIFER
REGION CODE ADDRESS : 5355 CARMENTO DRIVE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.11864
---------------------------------------------------------------
0 0030812176 MORTGAGORS: GRISSOM OZELL
REGION CODE ADDRESS : 721 WEST KEATS COURT
01 CITY : UPLAND
STATE/ZIP : CA 91784
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 : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030812192 MORTGAGORS: ABUGOV RENEE
REGION CODE ADDRESS : 7539 GREYSTONE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.28767
---------------------------------------------------------------
0 0030812200 MORTGAGORS: GUTIERREZ DARRELL
GUTIERREZ SHERRY
REGION CODE ADDRESS : 157 HERLONG AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 221,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,900.00
P & I AMT: 10,785.57
UPB AMT: 1,481,716.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030812234 MORTGAGORS: FALIVENE FRANCIS
FALIVENE THERESA
REGION CODE ADDRESS : 35 WILSON AVE
01 CITY : EAST HANOVER TOWNSHIP
STATE/ZIP : NJ 07936
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.46100
---------------------------------------------------------------
0 0030813190 MORTGAGORS: MOSSMAN MICHAEL
REGION CODE ADDRESS : 4537 EAST ENCANTO STREET
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.63700
---------------------------------------------------------------
0 0030813216 MORTGAGORS: KIM DANIEL
KIM VIVIAN
REGION CODE ADDRESS : 414 NATLIE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 398,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,632.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,926.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99300
---------------------------------------------------------------
0 0030813224 MORTGAGORS: READING WILLIAM
REGION CODE ADDRESS : 11208 COLONIAL COUNTRY LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,509.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030813232 MORTGAGORS: BELL J
BELL NANCY
REGION CODE ADDRESS : 5146 FOXBRIAR TRAIL
01 CITY : CHARLOTTE
STATE/ZIP : NC 28269
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.86100
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,650.00
P & I AMT: 11,289.01
UPB AMT: 1,531,787.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030813240 MORTGAGORS: TURNER MARK
TURNER SUSAN
REGION CODE ADDRESS : 486 VIA SORRENTO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 259,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,516.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.17600
---------------------------------------------------------------
0 0030813257 MORTGAGORS: BOJRAB PETER
BOJRAB KAREN
REGION CODE ADDRESS : 11730 LINDEN GROVE DRIVE
01 CITY : FORT WAYNE
STATE/ZIP : IN 46845
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,725.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,230.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.92500
---------------------------------------------------------------
0 0030813265 MORTGAGORS: SHANKMAN MICHAEL
SHANKMAN KAREN
REGION CODE ADDRESS : 406 NATALIE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,787.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.14000
---------------------------------------------------------------
0 0030813554 MORTGAGORS: NAGATA TUKUZO
NAGATA HISAKO
REGION CODE ADDRESS : 1400 MARINA DEL RAY COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.93406
---------------------------------------------------------------
0 0030813570 MORTGAGORS: LAM DAT
LAM THAO
REGION CODE ADDRESS : 17056 GREENLEAF STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 84.30420
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,200.00
P & I AMT: 11,650.79
UPB AMT: 1,566,529.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030813588 MORTGAGORS: SUMIKAWA KEN
SUMIKAWA DENISE
REGION CODE ADDRESS : 2693 COVEY WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030813596 MORTGAGORS: ANASTASI PASCAL
ANASTASI ANNE
REGION CODE ADDRESS : 2022 UNIVERSITY WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
---------------------------------------------------------------
0 0030813646 MORTGAGORS: LAI RAYMUND
YEUNG LINDA
REGION CODE ADDRESS : 34383 MIMOSA TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030814271 MORTGAGORS: MCADOO EUGENE
MCADOO DAPHNE
REGION CODE ADDRESS : 5115 ESCALON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.46153
---------------------------------------------------------------
0 0030814321 MORTGAGORS: KERR WILLIAM
KERR DEBORAH
REGION CODE ADDRESS : 1141 TOURMALINE ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 284,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,868.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,250.00
P & I AMT: 10,387.48
UPB AMT: 1,417,906.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030814347 MORTGAGORS: PENDHARKAR VIVEK
PENDHARKAR GAURI
REGION CODE ADDRESS : 1365 SUNRISE COURT
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 478,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,512.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.99248
---------------------------------------------------------------
0 0030814370 MORTGAGORS: CORRAO ANDREA
MANAKA ROYAL
REGION CODE ADDRESS : 3423 ASHLEY PARK DRIVE
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,507.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.86486
---------------------------------------------------------------
0 0030814388 MORTGAGORS: LEE DALTON
LEE LAURA
REGION CODE ADDRESS : 2298 MONARCH RIDGE CIRCLE
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.09600
---------------------------------------------------------------
0 0030814396 MORTGAGORS: HEILVEIL IRA
HEILVEIL MARSHA
REGION CODE ADDRESS : 12745 TREE BRANCH ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.78000
---------------------------------------------------------------
0 0030814412 MORTGAGORS: YOST WILLIAM
YOST ROSEMARIE
REGION CODE ADDRESS : 7013 SHERIDAN CIRCLE
01 CITY : URBANDALE
STATE/ZIP : IA 50322
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.28472
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,250.00
P & I AMT: 13,479.05
UPB AMT: 1,828,085.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030815211 MORTGAGORS: KAPLAN LOUIS
KAPLAN JOANNE
REGION CODE ADDRESS : 3699 TORREY VIEW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,274.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99800
---------------------------------------------------------------
0 0030815286 MORTGAGORS: PONCE MONICA
MARTIN KEVIN
REGION CODE ADDRESS : 8036 BARNDANCE COURT
01 CITY : LAS VEGAS
STATE/ZIP : NV 89121
MORTGAGE AMOUNT : 238,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,944.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 87.50700
---------------------------------------------------------------
0 0030815294 MORTGAGORS: STRULL WILLIAM
ARONOFF DEBORAH
REGION CODE ADDRESS : 70 MONTEREY DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.26200
---------------------------------------------------------------
0 0030815310 MORTGAGORS: LUCATORTO LANE
LUCATORTO KIMBERLY
REGION CODE ADDRESS : 105 N. VALLEY RD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,538.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99800
---------------------------------------------------------------
0 0030815336 MORTGAGORS: YARDUMIAN GARY
YARDUMIAN VALERIE
REGION CODE ADDRESS : 5920 FLAMBEAU ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,250.00
P & I AMT: 13,144.26
UPB AMT: 1,803,467.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030815666 MORTGAGORS: HANKINSON OLIVER
HANKINSON KAREN
REGION CODE ADDRESS : 2279 MANNING AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,767.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030815765 MORTGAGORS: SOLOMON DANIEL
SOLOMON CHRISTINA
REGION CODE ADDRESS : 14 CATALINA POINT ROAD
01 CITY : CHICO
STATE/ZIP : CA 95928
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030815781 MORTGAGORS: SILVER PAUL
SILVER LISA
REGION CODE ADDRESS : 14234 MARGATE STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,945.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030815807 MORTGAGORS: BROUCEK GERALD
REGION CODE ADDRESS : 285 GLENRIDGE ROAD
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030815815 MORTGAGORS: MIRAFTABI ARMIN
REGION CODE ADDRESS : 563 COSTIGAN CIRCLE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,100.00
P & I AMT: 10,370.34
UPB AMT: 1,403,552.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030815831 MORTGAGORS: UZETA OSCAR
UZETA GEORGINA
REGION CODE ADDRESS : 4826 TREMEZZO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.97400
---------------------------------------------------------------
0 0030815849 MORTGAGORS: OFOHA BENJAMIN
OFOHA JULIE
REGION CODE ADDRESS : 16339 WILLOWMIST COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 218,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,967.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.98800
---------------------------------------------------------------
0 0030815872 MORTGAGORS: TRUITT STEVEN
TRUITT PATRICIA
REGION CODE ADDRESS : 138 RED OAK LANE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,273.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030815955 MORTGAGORS: ALICEA DAVID
ALICEA MARJORIE
REGION CODE ADDRESS : 7315 ARBOR GLEN PLACE
01 CITY : CONCORD TWP.
STATE/ZIP : OH 44060
MORTGAGE AMOUNT : 250,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,228.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
---------------------------------------------------------------
0 0030815997 MORTGAGORS: HAGEN DAVID
HAGEN BETTY
REGION CODE ADDRESS : 3281 GILBERTSON ROAD
01 CITY : DEFOREST
STATE/ZIP : WI 53532
MORTGAGE AMOUNT : 351,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,850.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.04300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,650.00
P & I AMT: 10,858.10
UPB AMT: 1,448,320.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030816029 MORTGAGORS: FUDGE JEFFREY
FUDGE SONYA
REGION CODE ADDRESS : 310 SAND MYRTLE TRAIL
01 CITY : DESTIN
STATE/ZIP : FL 32541
MORTGAGE AMOUNT : 278,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,261.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.98800
---------------------------------------------------------------
0 0030816433 MORTGAGORS: ANDERSON, M.D. MICHAEL
ANDERSON MARGARET
REGION CODE ADDRESS : 190 GREY FOX RUN
01 CITY : BENTLEYVILLE
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,463.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.00000
---------------------------------------------------------------
0 0030816474 MORTGAGORS: GREGG DAVID
GREGG CAREN
REGION CODE ADDRESS : 700 NORTH PONDEROSA DRIVE
01 CITY : HARTLAND
STATE/ZIP : WI 53029
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,677.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030816482 MORTGAGORS: ACCOLA JAMES
ACCOLA JENNIFER
REGION CODE ADDRESS : 6130 WEATHERWOOD
01 CITY : CROSS PLAINS
STATE/ZIP : WI 53528
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,836.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.36508
---------------------------------------------------------------
0 0030816557 MORTGAGORS: DAWSON DEAN
RANKIN SUSANNAH
REGION CODE ADDRESS : 31 POND VIEW AVENUE
01 CITY : JAMAICA PLAIN
STATE/ZIP : MA 02130
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,722.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,600.00
P & I AMT: 11,285.02
UPB AMT: 1,505,961.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030816599 MORTGAGORS: HOFFMAN STEPHEN
VASQUEZ DEANA
REGION CODE ADDRESS : 1504 COUNTRY VISTAS LANE
01 CITY : BONITA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 332,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030816607 MORTGAGORS: PHILLIPS ANTHONY
PHILLIPS JENNIFER
REGION CODE ADDRESS : 1517 SNOWBERRY LANE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030816623 MORTGAGORS: CHIARA CARL
OCASIO ELBA
REGION CODE ADDRESS : 2274-2276 FULTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 328,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97200
---------------------------------------------------------------
0 0030816771 MORTGAGORS: TOTAH JAMES
REGION CODE ADDRESS : 1801 YOLANDA CIRCLE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.47900
---------------------------------------------------------------
0 0030817571 MORTGAGORS: SALISBURY DAVID
REGION CODE ADDRESS : 451 LOWELL PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,500.00
P & I AMT: 10,569.55
UPB AMT: 1,451,500.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030817589 MORTGAGORS: WONG HIM
LEONG DIANE
REGION CODE ADDRESS : 2071 18TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030817597 MORTGAGORS: WONG JOSE
WONG PEARL
REGION CODE ADDRESS : 883 SPINOSA DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030817605 MORTGAGORS: KLEIN JOEL
KLEIN NANCY MAE
REGION CODE ADDRESS : 814 AMHERST AVE # 301
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,001.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030817613 MORTGAGORS: NELSON ANDREW
NELSON CAROL
REGION CODE ADDRESS : 32003 RIVER DRIVE
01 CITY : HARPERS FERRY
STATE/ZIP : WV 25425
MORTGAGE AMOUNT : 295,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.92389
---------------------------------------------------------------
0 0030817621 MORTGAGORS: LEIJTEN PAUL
LEIJTEN-HILTZ D.
REGION CODE ADDRESS : 79 WEST SHORE DRIVE
01 CITY : HOPEWELL
STATE/ZIP : NJ 08560
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,577.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.43500
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,200.00
P & I AMT: 11,321.39
UPB AMT: 1,532,001.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030817902 MORTGAGORS: BLACKSTON DORIS
BLACKSTON ROY
REGION CODE ADDRESS : 407 KOSSUTH STREET
01 CITY : SIDNEY
STATE/ZIP : OH 45365
MORTGAGE AMOUNT : 70,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 70,754.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 531.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030819064 MORTGAGORS: CORTE PAUL
REGION CODE ADDRESS : 60512 NINE MILE ROAD
01 CITY : SOUTH LYON
STATE/ZIP : MI 48178
MORTGAGE AMOUNT : 105,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,536.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 811.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030819361 MORTGAGORS: BIBLER DAVID
BIBLER VIRGINIA
REGION CODE ADDRESS : 1106 BUCKLAND AVENUE
01 CITY : FREMONT
STATE/ZIP : OH 43420
MORTGAGE AMOUNT : 64,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 63,961.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 492.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.29400
---------------------------------------------------------------
0 0030819551 MORTGAGORS: WENDORF ANGELA
REGION CODE ADDRESS : 808 ALMA AVENUE
01 CITY : KANNAPOLIS
STATE/ZIP : NC 28081
MORTGAGE AMOUNT : 38,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 38,777.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 301.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030819676 MORTGAGORS: LIU KE-TIEN
LIU SHU-LEN
REGION CODE ADDRESS : 3566 SOUTH DARTMOUTH LANE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.71000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 554,200.00
P & I AMT: 4,203.77
UPB AMT: 554,029.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030819700 MORTGAGORS: KITZMILLER KENNETH
REGION CODE ADDRESS : 918 HIGH COUNTRY DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91740
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.19047
---------------------------------------------------------------
0 0030819767 MORTGAGORS: COX BRIAN
COX ELIZABETH
REGION CODE ADDRESS : 18958 MELLON DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,788.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.94339
---------------------------------------------------------------
0 0030819783 MORTGAGORS: HSIA DANIEL
REGION CODE ADDRESS : 14113 RECUERDO DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.18797
---------------------------------------------------------------
0 0030819817 MORTGAGORS: MULLER KURT
MULLER IRENE
REGION CODE ADDRESS : 31304 FLOWERIDGE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030819999 MORTGAGORS: FOSS DAWN
FOSS JOSEPH
REGION CODE ADDRESS : 12308 CLEGHORN ROAD
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.74000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,878,000.00
P & I AMT: 13,664.57
UPB AMT: 1,877,788.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030820138 MORTGAGORS: MC CARY RICHARD
MC CARY JUDITH
REGION CODE ADDRESS : 39941 CHARLESTOWN PIKE
01 CITY : WATERFORD
STATE/ZIP : VA 22190
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.33300
---------------------------------------------------------------
0 0030820237 MORTGAGORS: PACULA JOSEPH
PACULA ROSALIE
REGION CODE ADDRESS : 5035 CAMINTO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,608.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030820260 MORTGAGORS: HARPER LARRY
REGION CODE ADDRESS : 3287 PALATINO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 259,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030820278 MORTGAGORS: MARCHITELLI DENNIS
MARCHITELLI GABRIELA
REGION CODE ADDRESS : 338 COTTSWOLD PLACE
01 CITY : RIVA
STATE/ZIP : MD 21140
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030820286 MORTGAGORS: MOONEY WILLIAM
SPRINGET CRISTIN
REGION CODE ADDRESS : 5207 BELVOIR DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.72400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,850.00
P & I AMT: 10,420.17
UPB AMT: 1,435,431.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030820294 MORTGAGORS: MARKS DAVID
MARKS KIM
REGION CODE ADDRESS : 4621 DICKINSON WAY
01 CITY : BUCKINGHAM
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.73300
---------------------------------------------------------------
0 0030820302 MORTGAGORS: SIMNITT JOHN
SIMNITT CHERYL
REGION CODE ADDRESS : 4300 FRAGA ROAD
01 CITY : HAYWARD
STATE/ZIP : CA 94552
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030820369 MORTGAGORS: ELCHINOFF BRIAN
ELCHINOFF KRISTIN
REGION CODE ADDRESS : 166 PATRICIA LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.79798
---------------------------------------------------------------
0 0030820377 MORTGAGORS: LEYKAMM FRANK
DUNN LOUIS
REGION CODE ADDRESS : 284 TOPAZ WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 86.18421
---------------------------------------------------------------
0 0030820385 MORTGAGORS: GOPINATH ASHOK
GULLAPALLI SRILATHA
REGION CODE ADDRESS : 10 CHAPPARAL COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 312,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,600.00
P & I AMT: 10,993.28
UPB AMT: 1,508,418.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030820419 MORTGAGORS: VAN CLEAVE WILLIAM
VAN CLEAVE SYDNIE
REGION CODE ADDRESS : 2950 EAST DUNNE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.32400
---------------------------------------------------------------
0 0030820427 MORTGAGORS: JARRAR HOMAN
JARRAR HAIFA
REGION CODE ADDRESS : 857 WINDSOR HILLS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 242,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98774
---------------------------------------------------------------
0 0030820443 MORTGAGORS: LESAR MICHAEL
REGION CODE ADDRESS : 1298 KOTTENBERG AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.42800
---------------------------------------------------------------
0 0030820468 MORTGAGORS: NOECKER DAVE
ANDERSON STARLA
REGION CODE ADDRESS : 585 GARLAND WAY
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030821102 MORTGAGORS: CARTWRIGHT ROBERT
BARCLAY LYNN
REGION CODE ADDRESS : 350 S. LONGFELLOW AVENUE
01 CITY : TUCSON
STATE/ZIP : AZ 85711
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,941.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,126,750.00
P & I AMT: 8,282.56
UPB AMT: 1,126,691.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030821326 MORTGAGORS: VON LOCKNER ALEXANDER
VON LOCKNER DOMINIQUE
REGION CODE ADDRESS : 9335 LINDANTE DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90603
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.32800
---------------------------------------------------------------
0 0030821433 MORTGAGORS: JONES RALPH
QUIOCHO HELEN
REGION CODE ADDRESS : 838 VIA PACHECO
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 : 1,900.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.08333
---------------------------------------------------------------
0 0030821482 MORTGAGORS: MILEY GARY
MILEY MICHELLE
REGION CODE ADDRESS : 1541 TOSCANINI DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 251,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,720.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.90000
---------------------------------------------------------------
0 0030821565 MORTGAGORS: HULAK PAUL
HULAK SUSAN
REGION CODE ADDRESS : 9822 NORTH HEATHER DRIVE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96268
---------------------------------------------------------------
0 0030821573 MORTGAGORS: POPE WILLIAM
POPE JOYCE
REGION CODE ADDRESS : 26692 ALAMANDA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 84.26200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,820.00
P & I AMT: 9,598.28
UPB AMT: 1,308,820.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030822217 MORTGAGORS: LAMM TOM
LAMM MARGARET
REGION CODE ADDRESS : 725 E. HEARTSTRONG ST
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 259,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,684.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.43000
---------------------------------------------------------------
0 0030822241 MORTGAGORS: GRASSO BARBARA
REGION CODE ADDRESS : 3068 S LAKERIDGE TR
01 CITY : BOULDER
STATE/ZIP : CO 80302
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 : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030822274 MORTGAGORS: HOOKER THOMAS
HOOKER LAURA
REGION CODE ADDRESS : 3965 EAST PINEDALE COURT
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 344,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,919.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99700
---------------------------------------------------------------
0 0030822381 MORTGAGORS: SMITH GREGG
LUSK KAREN
REGION CODE ADDRESS : 4905 BRANCH MILL CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35223
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 : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030822407 MORTGAGORS: GUERRA JUAN
GUERRA NYDIA
REGION CODE ADDRESS : 11802 NW 12TH DR
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.32900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,368,000.00
P & I AMT: 10,067.14
UPB AMT: 1,366,921.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030822449 MORTGAGORS: LEGG LONNIE
REGION CODE ADDRESS : 5367 PINE VALLEY COURT
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,752.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030822472 MORTGAGORS: FLYNN ARTHUR
FLYNN MARIE
REGION CODE ADDRESS : 7 GEORGIAN LANE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,493.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030822514 MORTGAGORS: OBERMEIER MICHAEL
OBERMEIER MARY
REGION CODE ADDRESS : 8441 S. RIVER TERRACE DR
01 CITY : FRANKLIN
STATE/ZIP : WI 53132
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,611.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030822548 MORTGAGORS: CRANDALL ROBERT
CRANDALL JUDITH
REGION CODE ADDRESS : 4873 WINDRIFT WAY
01 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,308.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 58.33300
---------------------------------------------------------------
0 0030822621 MORTGAGORS: STENHOUSE HOWARD
NGUYEN KIM
REGION CODE ADDRESS : 3280 MONTE VERDE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,709,950.00
P & I AMT: 12,679.83
UPB AMT: 1,708,115.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030824114 MORTGAGORS: SILL ROGER
SILL SUSANNE
REGION CODE ADDRESS : 10760 RIDGEVIEW WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030824189 MORTGAGORS: KAN ANDREW
LEUNG ALICE
REGION CODE ADDRESS : 157 DENSLOWE DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.05345
---------------------------------------------------------------
0 0030824197 MORTGAGORS: GARDNER ROBERT
GARDNER AMILYN
REGION CODE ADDRESS : 150 SOUTH 300 WEST
01 CITY : LINDON
STATE/ZIP : UT 84042
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.61100
---------------------------------------------------------------
0 0030824247 MORTGAGORS: RICHMAN SID
HEGYESI-RICHMAN BEATRIX
REGION CODE ADDRESS : 1526-1528 S CAMDEN AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
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 : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030824262 MORTGAGORS: HISHIKAWA SCOTT
HISHIKAWA KAZUKO
REGION CODE ADDRESS : 11841 SOUTHEAST 75TH PLACE
01 CITY : NEW CASTLE
STATE/ZIP : WA 98056
MORTGAGE AMOUNT : 237,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,300.00
P & I AMT: 10,592.52
UPB AMT: 1,461,067.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030824288 MORTGAGORS: PERRONE MARCIEL
PERRONE JOSEPH
REGION CODE ADDRESS : 4614 PARK COURT
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,035.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030824320 MORTGAGORS: KESSLER RANDOLPH
NARMAURA-KESSLER DAWN
REGION CODE ADDRESS : 4656 SOUTH OGDEN STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,747.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030824767 MORTGAGORS: PARISE JOHN
HASSAN MARGO
REGION CODE ADDRESS : 84 ELBROOK DRIVE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,652.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.88888
---------------------------------------------------------------
0 0030824973 MORTGAGORS: KING EMANUEL
KING MARCELLA
REGION CODE ADDRESS : 5738 BALDWIN AVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92509
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030824999 MORTGAGORS: SCHNEIDER THOMAS
SCHNEIDER CHRISTINE
REGION CODE ADDRESS : 6713 GREENE ROAD
01 CITY : WOODRIDGE
STATE/ZIP : IL 60517
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.40800
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,600.00
P & I AMT: 10,348.47
UPB AMT: 1,405,835.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030825012 MORTGAGORS: SALERA ROBERT
SALERA KATHERINE
REGION CODE ADDRESS : 18 GREENBRIER COURT
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030825079 MORTGAGORS: SMICK THEODORE
REGION CODE ADDRESS : 31 LUFKIN POINT ROAD
01 CITY : ESSEX
STATE/ZIP : MA 01929
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,582.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,449.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.91600
---------------------------------------------------------------
0 0030825178 MORTGAGORS: WHITEMAN THOMAS
MOLCHAN SUSAN
REGION CODE ADDRESS : 8723 RIDGE ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
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 : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.14800
---------------------------------------------------------------
0 0030825186 MORTGAGORS: GREEN MARY
REGION CODE ADDRESS : 38669 RYANS WAY
01 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 375,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,366.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.94800
---------------------------------------------------------------
0 0030825202 MORTGAGORS: GRANT PETER
GRANT TAMMY
REGION CODE ADDRESS : 22859 ST. GEORGE CIRCLE
01 CITY : SOUTH LYON
STATE/ZIP : MI 48178
MORTGAGE AMOUNT : 304,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,879.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,284.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.47200
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,700.00
P & I AMT: 12,840.53
UPB AMT: 1,741,593.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030825236 MORTGAGORS: THOMPSON CATHERINE
REGION CODE ADDRESS : 6639 EAST SLEEPY OWL WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
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 : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.82941
---------------------------------------------------------------
0 0030825244 MORTGAGORS: CASTILLO JERRY
CASTILLO PAULA
REGION CODE ADDRESS : 6621 RALEIGH COURT
01 CITY : ARVADA
STATE/ZIP : CO 80003
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.04700
---------------------------------------------------------------
0 0030825269 MORTGAGORS: MC CARTHY KEVIN
MC CARTHY DEBRA
REGION CODE ADDRESS : 1625 VIA MACHADO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030825293 MORTGAGORS: ANAWALT DONN
ANAWALT RHONDA
REGION CODE ADDRESS : 440 ALABAMA ST
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.65300
---------------------------------------------------------------
0 0030825319 MORTGAGORS: LITTLE DONALD
REGION CODE ADDRESS : 9100 RIVERSIDE DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.36300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,000.00
P & I AMT: 10,395.24
UPB AMT: 1,433,000.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030825392 MORTGAGORS: LOEB DAVID
LOEB KATHARINE
REGION CODE ADDRESS : 1 SAN DIEGO ROAD
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 29.12600
---------------------------------------------------------------
0 0030825400 MORTGAGORS: CHOW MAGGIE
PUTNAM CHRISTIAN
REGION CODE ADDRESS : 2 LAVAGETTO COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.00000
---------------------------------------------------------------
0 0030825640 MORTGAGORS: RANADE PRADEEP
RANADE MADHURI
REGION CODE ADDRESS : 5521 SENECA PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.55500
---------------------------------------------------------------
0 0030825715 MORTGAGORS: STEFFENS GERALD
STEFFENS TAMAYO
REGION CODE ADDRESS : 901 OAK RD
01 CITY : SKY FOREST
STATE/ZIP : CA 92385
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,839.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030825749 MORTGAGORS: WHITE BRUCE
WHITE VIRGINIA
REGION CODE ADDRESS : 25 OLD STURBRIDGE ROAD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 252,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,400.00
P & I AMT: 10,451.93
UPB AMT: 1,412,400.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030825806 MORTGAGORS: OLZEY W.D.
OLZEY LINDA
REGION CODE ADDRESS : 5520 AREZZO DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 439,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,071.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00500
---------------------------------------------------------------
0 0030825830 MORTGAGORS: ANDERSON STEPHANIE
MUFF NORMAN
REGION CODE ADDRESS : 18-20 LAUREL STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030825871 MORTGAGORS: CHENG JENNIFER
GOULD TIMOTHY
REGION CODE ADDRESS : 24518 WOODWARD AVE
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,876.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030825921 MORTGAGORS: DEXHEIMER JAMES
NELSON JEANNE
REGION CODE ADDRESS : 8006 MCCONNELL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030825954 MORTGAGORS: LEMIEUX RAYMOND
LEMIEUX LUCIA
REGION CODE ADDRESS : 1381 CALLE FIDELIDAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,294.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,800.00
P & I AMT: 10,969.74
UPB AMT: 1,504,470.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030826002 MORTGAGORS: HAWKINS ALFRED
HAWKINS MONICA
REGION CODE ADDRESS : 4055 WOODSTOCK ROAD
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030826051 MORTGAGORS: KANG WEI
GAO LISHENG
REGION CODE ADDRESS : 2777 MIRA BELLA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.28300
---------------------------------------------------------------
0 0030826093 MORTGAGORS: ROUDE CARL
ROUDE STEPHANIE
REGION CODE ADDRESS : 33 SANTA VICTORIA AISLE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.96800
---------------------------------------------------------------
0 0030826119 MORTGAGORS: STAMOS JAMES
STAMOS MARYELLEN
REGION CODE ADDRESS : 13361 ARGONNE DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 46.87500
---------------------------------------------------------------
0 0030826127 MORTGAGORS: KITCHENS CLARENCE
KITCHENS TERRY
REGION CODE ADDRESS : 7915 HOLLINGTON PLACE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,400.00
P & I AMT: 10,313.62
UPB AMT: 1,411,400.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030826135 MORTGAGORS: WOHLERS CHRISTOPHER
TRASK JOANNE
REGION CODE ADDRESS : 37 WESTRIDGE DRIVE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030826150 MORTGAGORS: PARSONS MARK
PARSONS DEHLIA
REGION CODE ADDRESS : 2107 BRANCH CREEK STREET
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
0 0030826242 MORTGAGORS: SILVERA DANNY
REGION CODE ADDRESS : 3311 ALMA AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030826648 MORTGAGORS: LOPEZ GREG
LOPEZ GAIL
REGION CODE ADDRESS : 1619 VIA TULIPAN
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.98305
---------------------------------------------------------------
0 0030826804 MORTGAGORS: KATZ DANIEL
REGION CODE ADDRESS : 1660 CASA GRANDE STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,400.00
P & I AMT: 9,711.31
UPB AMT: 1,316,400.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030826820 MORTGAGORS: CAMPBELL REED
CAMPBELL BETTY
REGION CODE ADDRESS : 552 LARK HAVEN CIRCLE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86303
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
---------------------------------------------------------------
0 0030826895 MORTGAGORS: ROOSA STEVEN
ROOSA KELLY
REGION CODE ADDRESS : 0603 COLOROW RD
01 CITY : EDWARDS
STATE/ZIP : CO 81632
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 35.71400
---------------------------------------------------------------
0 0030827471 MORTGAGORS: LUKE CHRISTOPHER
LUKE BARBARA
REGION CODE ADDRESS : 1827 CARMELITA DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
---------------------------------------------------------------
0 0030827547 MORTGAGORS: MCKIRGAN KEVIN
REGION CODE ADDRESS : 13101 TWO FARM DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
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 : 03/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
---------------------------------------------------------------
0 0030827554 MORTGAGORS: DEWITT BLAKE
DEWITT BARBARA
REGION CODE ADDRESS : 3048 WEST 12TH LANE
01 CITY : YUMA
STATE/ZIP : AZ 85364
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 : 04/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99552
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,050.00
P & I AMT: 11,700.72
UPB AMT: 1,605,881.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/97
P.O. BOX 5260 TMS AG0004970430 00 01 03 04
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ---------------------------------------------------------------
0 0030827596 MORTGAGORS: SU JEN-YEU
SU KO- CHIEN
REGION CODE ADDRESS : 1553 NORTH PARKER CANYON ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 68.11764
---------------------------------------------------------------
0 0892975616 MORTGAGORS: MELTON BELINDA
REGION CODE ADDRESS : 2444 AQUASANTA
03 CITY : TUSTIN
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,805.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/24
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.33300
---------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 571,500.00
P & I AMT: 4,223.49
UPB AMT: 562,305.79
0 TOTAL NUM OF LOANS: 1247
LOAN AMT: 351,047,470.59
P & I AMT: 2,585,792.86
UPB AMT: 350,700,978.51
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-4
Pursuant to the Pooling and Servicing Agreement dated
as of April 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 A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A9 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A11 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class S $__________ $__________ ____%
(15) Accrual Amount
Class A7 Certificates $__________
(16) Principal distribu-
table:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(17) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(b): $_____________
(18) Certificate Interest Rate of:
Class S Certificates _____________%
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Group I Senior Percentage
for such Distribution Date: _____________%
3. Group II Senior Percentage
for such Distribution Date: _____________%
4. Group I Scheduled Distribution
Percentage: _____________%
5. Group II Scheduled Distribution
Percentage: _____________%
6. Senior Prepayment Percentage
for such Distribution Date: _____________%
7. Group I Senior Prepayment
Percentage for such
Distribution Date: _____________%
8. Group II Senior Prepayment
Percentage for such
Distribution Date: _____________%
9. Junior Percentage
for such Distribution Date: _____________%
10. Junior Prepayment Percentage
for such Distribution Date: _____________%
11. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
12. 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 April 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
1997-4.
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
April 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 1997-4
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 1997-4
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 April 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 1997-4
Pursuant to the Pooling and Servicing Agreement dated
as of April 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 A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
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 A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
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 A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class A9 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
Class S $__________ ____%
2
(4) Accrual Amount
Class A7 Certificates $__________
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
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 A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
3
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 $__________ __________
(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) Group I Senior Percentage
for such Distribution Date: __________%
(15) Group II Senior Percentage
for such Distribution Date: __________%
(16) Group I Scheduled
Distribution Percentage: __________%
(17) Group II Scheduled
Distribution Percentage: __________%
(18) Senior Prepayment Percentage
for such Distribution Date: __________%
4
(19) Group I Senior Prepayment
Percentage for such
Distribution Date: __________%
(20) Group II Senior Prepayment
Percentage for such
Distribution Date: __________%
(21) Junior Percentage for
such Distribution Date: __________%
(22) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
5
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.
10
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
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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
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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.
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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.]
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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, as Trustee
By:____________________________
Name:
Title:
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EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
State of New Jersey )
) ss.
County of Camden )
GE Capital Mortgage Services, Inc. (the "Company") by
its undersigned authorized representative, being duly sworn,
hereby certifies as follows:
1. Pursuant to a Pooling and Servicing Agreement dated
as of ________ 1, 199_ (the "Agreement"), between the Company, as
seller, and State Street Bank and Trust Company, as trustee
(together with its successors, the "Trustee"), relating to the
Company's REMIC Multi-Class Pass-Through Certificates, Series
199_-__, the Company has assigned all of its right, title and
interest in the mortgage loan(s) described below (the "Designated
Loan(s)") to the Trustee.
(a) Loan Number: ______________________
Maker:_____________________________
Original Principal
Amount:____________________________
Maturity Date:_____________________
[(b) Loan Number:_______________________
Maker:_____________________________
Original Principal
Amount:____________________________
Maturity Date:_____________________
2. The Company has provided to the Trustee certain
representations and warranties in Section 2.03 of the Agreement
as to the ownership, assignment and enforceability of the
Designated Loan(s) and the related promissory notes or other
instruments evidencing the Designated Loan(s).
3. [The Designated Loan] [Each of the Designated
Loans] is evidenced by a promissory note, executed by its
[respective] maker as indicated above (the "Mortgage Notes(s)").
4. The Company is the current holder of the
indebtedness evidenced by the Mortgage Note(s), the indebtedness
evidenced by the Mortgage Note(s) has not been pledged or
otherwise hypothecated, and the Company has not granted to any
person (other than the Trustee pursuant to the Agreement) any
interest in the indebtedness evidenced by the Mortgage Note(s).
5. After diligent search, the Company has been unable
to locate the Mortgage Note(s) and believes [it] [them] to be
lost. [A true and correct photocopy] [[True and correct
photocopies] of the Mortgage Note(s) [is] [are] attached hereto
as Exhibit A.]
6. If at any time the Company locates [any of] the
Mortgage Note(s), it shall endorse such Mortgage Note(s) for
transfer to the Trustee, without recourse, and shall promptly
deliver the Mortgage Note(s), as endorsed, to the Trustee.
7. In the event that the unavailability of any
Mortgage Note to the Trustee results in a breach of any
representations or warranties of the Company set forth in the
Agreement, the Trustee shall have the rights and remedies (if
any) set forth in the Agreement, subject to the provisions
thereof. 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 any Mortgage Note to the Trustee, including without
limitation any thereof arising from any action to enforce the
indebtedness evidenced by such Mortgage Note or any claim by any
third party who is the holder of such indebtedness by virtue of
possession of such Mortgage Note.
2
This affidavit is given in connection with the
Company's execution of the Agreement. The Trustee's rights and
remedies set forth herein and in the Agreement shall constitute
the sole and exclusive remedies of the Trustee or its successors
and assigns arising out of or relating to the absence or loss of
the Mortgage Note(s) or the Company's failure to deliver the
same.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
Sworn to before me this
____ day of ________, 199_
_______________________________
Notary Public
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