xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
XXXX XX XXXXXXX MORTGAGE SECURITIES, INC.,
as Depositor,
BANK OF AMERICA, N.A.,
as Servicer,
and
THE BANK OF NEW YORK,
as Trustee
POOLING AND SERVICING AGREEMENT
Dated April 25, 2002
_______________________
Mortgage Pass-Through Certificates
Series 2002-C
==============================================================================
TABLE OF CONTENTS
PRELIMINARY STATEMENT......................................................
ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms................................................
Section 1.02 Interest Calculations........................................
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans.................................
Section 2.02 Acceptance by the Trustee of the Mortgage Loans..............
Section 2.03 Representations, Warranties and Covenants of the Servicer....
Section 2.04 Representations and Warranties of the Depositor as to the
Mortgage Loans..............................................
Section 2.05 Designation of Interests in the REMIC........................
Section 2.06 Designation of Start-up Day..................................
Section 2.07 REMIC Certificate Maturity Date..............................
Section 2.08 Execution and Delivery of Certificates.......................
Section 2.09 Repurchase of Converted Mortgage Loans.......................
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01 Servicer to Service Mortgage Loans...........................
Section 3.02 Subservicing; Enforcement of the Obligations of Servicer.....
Section 3.03 Fidelity Bond; Errors and Omissions Insurance................
Section 3.04 Access to Certain Documentation..............................
Section 3.05 Maintenance of Primary Mortgage Insurance Policy; Claims....
Section 3.06 Rights of the Depositor and the Trustee in Respect of the
Servicer....................................................
Section 3.07 Trustee to Act as Servicer...................................
Section 3.08 Collection of Mortgage Loan Payments; Servicer Custodial
Account; and Certificate Account............................
Section 3.09 Collection of Taxes, Assessments and Similar Items;
Escrow Accounts.............................................
Section 3.10 Access to Certain Documentation and Information Regarding
the Mortgage Loans..........................................
Section 3.11 Permitted Withdrawals from the Servicer Custodial Account
and Certificate Account.....................................
Section 3.12 Maintenance of Hazard Insurance..............................
Section 3.13 Enforcement of Due-On-Sale Clauses; Assumption Agreements....
Section 3.14 Realization Upon Defaulted Mortgage Loans; REO Property......
Section 3.15 Trustee to Cooperate; Release of Mortgage Files..............
Section 3.16 Documents, Records and Funds in Possession of the
Servicer to be Held for the Trustee.........................
Section 3.17 Servicing Compensation.......................................
Section 3.18 Annual Statement as to Compliance............................
Section 3.19 Annual Independent Public Accountants' Servicing
Statement; Financial Statements.............................
Section 3.20 Advances.....................................................
Section 3.21 Modifications, Waivers, Amendments and Consents..............
Section 3.22 Reports to the Securities and Exchange Commission............
ARTICLE IV
SERVICER'S CERTIFICATE
Section 4.01 Servicer's Certificate.......................................
ARTICLE V
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;
REMIC ADMINISTRATION
Section 5.01 Distributions................................................
Section 5.02 Priorities of Distributions..................................
Section 5.03 Allocation of Losses.........................................
Section 5.04 Statements to Certificateholders.............................
Section 5.05 Tax Returns and Reports to Certificateholders................
Section 5.06 Tax Matters Person...........................................
Section 5.07 Rights of the Tax Matters Person in Respect of the Trustee...
Section 5.08 REMIC Related Covenants......................................
ARTICLE VI
THE CERTIFICATES
Section 6.01 The Certificates.............................................
Section 6.02 Registration of Transfer and Exchange of Certificates........
Section 6.03 Mutilated, Destroyed, Lost or Stolen Certificates............
Section 6.04 Persons Deemed Owners........................................
ARTICLE VII
THE DEPOSITOR AND THE SERVICER
Section 7.01 Respective Liabilities of the Depositor and the Servicer......
Section 7.02 Merger or Consolidation of the Depositor or the Servicer......
Section 7.03 Limitation on Liability of the Depositor, the Servicer
and Others..................................................
Section 7.04 Depositor and Servicer Not to Resign.........................
ARTICLE VIII
DEFAULT
Section 8.01 Events of Default............................................
Section 8.02 Remedies of Trustee..........................................
Section 8.03 Directions by Certificateholders and Duties of Trustee
During Event of Default.....................................
Section 8.04 Action upon Certain Failures of the Servicer and upon
Event of Default............................................
Section 8.05 Trustee to Act; Appointment of Successor.....................
Section 8.06 Notification to Certificateholders...........................
ARTICLE IX
THE TRUSTEE
Section 9.01 Duties of Trustee............................................
Section 9.02 Certain Matters Affecting the Trustee........................
Section 9.03 Trustee Not Liable for Certificates or Mortgage Loans........
Section 9.04 Trustee May Own Certificates.................................
Section 9.05 Eligibility Requirements for Trustee.........................
Section 9.06 Resignation and Removal of Trustee...........................
Section 9.07 Successor Trustee............................................
Section 9.08 Merger or Consolidation of Trustee...........................
Section 9.09 Appointment of Co-Trustee or Separate Trustee................
Section 9.10 Authenticating Agents........................................
Section 9.11 Trustee's Fees and Expenses..................................
Section 9.12 Appointment of Custodian.....................................
Section 9.13 Paying Agents................................................
Section 9.14 Limitation of Liability......................................
Section 9.15 Trustee May Enforce Claims Without Possession of
Certificates................................................
Section 9.16 Suits for Enforcement........................................
Section 9.17 Waiver of Bond Requirement...................................
Section 9.18 Waiver of Inventory, Accounting and Appraisal Requirement....
ARTICLE X
TERMINATION
Section 10.01 Termination upon Purchase by the Depositor or Liquidation
of All Mortgage Loans.......................................
Section 10.02 Additional Termination Requirements..........................
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01 Amendment....................................................
Section 11.02 Recordation of Agreement.....................................
Section 11.03 Limitation on Rights of Certificateholders...................
Section 11.04 Governing Law................................................
Section 11.05 Notices......................................................
Section 11.06 Severability of Provisions...................................
Section 11.07 Certificates Nonassessable and Fully Paid....................
Section 11.08 Access to List of Certificateholders.........................
Section 11.09 Recharacterization...........................................
EXHIBITS
Exhibit A-1 - Form of Face of Class A-1 Certificate
Exhibit A-2 - Form of Face of Class A-2 Certificate
Exhibit A-3 - Form of Face of Class A-3 Certificate
Exhibit A-4 - Form of Face of Class A-4 Certificate
Exhibit A-R - Form of Face of Class A-R Certificate
Exhibit B-1 - Form of Face of Class B-1 Certificate
Exhibit B-2 - Form of Face of Class B-2 Certificate
Exhibit B-3 - Form of Face of Class B-3 Certificate
Exhibit B-4 - Form of Face of Class B-4 Certificate
Exhibit B-5 - Form of Face of Class B-5 Certificate
Exhibit B-6 - Form of Face of Class B-6 Certificate
Exhibit C Form of Reverse of all Certificates...................
Exhibit D Mortgage Loan Schedule................................
Exhibit E Request for Release of Documents......................
Exhibit F Form of Certification of Establishment of Account.....
Exhibit G-1 Form of Transferor's Certificate......................
Exhibit G-2A Form 1 of Transferee's Certificate....................
Exhibit G-2B Form 2 of Transferee's Certificate....................
Exhibit H Form of Transferee Representation Letter
for ERISA Restricted Certificates.....................
Exhibit I Form of Affidavit Regarding Transfer of Residual
Certificate ..........................................
Exhibit J Contents of Servicing File............................
Exhibit K Form of Special Servicing Agreement...................
Exhibit L List of Recordation States............................
POOLING AND SERVICING AGREEMENT
THIS POOLING AND SERVICING AGREEMENT, dated April 25, 2002 is hereby
executed by and among BANK OF AMERICA MORTGAGE SECURITIES, INC., as depositor
(together with its permitted successors and assigns, the "Depositor"), BANK OF
AMERICA, N.A., as servicer (together with its permitted successors and assigns,
the "Servicer"), and THE BANK OF NEW YORK, as trustee (together with its
permitted successors and assigns, the "Trustee").
W I T N E S S E T H T H A T:
In consideration of the mutual agreements herein contained, the
Depositor, the Servicer and the Trustee agree as follows:
PRELIMINARY STATEMENT
In exchange for the Certificates, the Depositor hereby conveys the
Trust Estate to the Trustee to create the Trust. The Trust Estate for federal
income tax purposes will be treated as a real estate mortgage investment conduit
(the "REMIC"). The Class A Certificates (other than the Class A-R Certificate)
and the Class B Certificates are referred to collectively as the "Regular
Certificates" and shall constitute "regular interests" in the REMIC. The Class
A-R Certificate shall be the "residual interest" in the REMIC. The Certificates
will represent the entire beneficial ownership interest in the Trust. The
"latest possible maturity date" for federal income tax purposes of all interests
created hereby will be the REMIC Certificate Maturity Date.
The following table sets forth characteristics of the Certificates,
together with the minimum denominations and integral multiples in excess thereof
in which the Classes of Certificates shall be issuable (except that one
Certificate of each Class of Certificates may be issued in any amount in excess
of the minimum denomination):
Integral
Pass- Multiples
Initial Class Through Minimum in Excess
Classes Certificate Balance Rate Denomination of Minimum
------- ------------------- ------- ------------ ----------
Class A-1 $ 362,597,000.00 (1) $1,000 $1
Class A-2 $ 50,000,000.00 (1) $1,000 $1
Class A-3 $ 1,425,000.00 (1) $1,000 $1
Class A-4 $ 666,340.00 (2) $25,000 $1
Class A-R $ 100.00 (1) $100 N/A
Class B-1 $ 5,767,000.00 (1) $25,000 $1
Class B-2 $ 2,134,000.00 (1) $25,000 $1
Class B-3 $ 2,134,000.00 (1) $25,000 $1
Class B-4 $ 641,000.00 (1) $25,000 $1
Class B-5 $ 640,000.00 (1) $25,000 $1
Class B-6 $ 854,053.00 (1) $25,000 $1
----------
(1) For each Distribution Date occurring prior to and including the Distribution
Date in November 2006, interest will accrue on these Certificates at the rate of
5.512% per annum. For each Distribution Date after the Distribution Date in
November 2006 and prior to the Distribution Date in April 2007, interest will
accrue on these Certificates at a per annum rate equal to the Adjusted Net WAC
of the Mortgage Loans. For each Distribution Date occurring on and after the
Distribution Date in April 2007, interest will accrue on these Certificates at a
per annum rate equal to the weighted average of the Net Mortgage Interest Rates
of the Mortgage Loans (based on the Stated Principal Balances of the Mortgage
Loans on the Due Date in the month preceding the month of such Distribution
Date).
(2) The Class A-4 Certificates will be Principal-Only Certificates and will
receive only distributions of principal until and including the Distribution
Date in March 2007. For each Distribution Date after the Distribution Date in
March 2007, interest will accrue on the Class A-4 Certificates at a per annum
rate equal to the weighted average of the Net Mortgage Interest Rates of the
Mortgage Loans (based on the Stated Principal Balances of the Mortgage Loans on
the Due Date in the month preceding the month of such Distribution Date).
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 meanings specified in this Article:
1933 Act: The Securities Act of 1933, as amended.
Accrued Certificate Interest: For any Distribution Date and each
interest-bearing Class, one month's interest accrued during the related Interest
Accrual Period at the applicable Pass-Through Rate on the applicable Class
Certificate Balance.
Adjusted Net WAC: As to any Distribution Date, the fraction,
expressed as a percentage, equal to (A) the sum of the product, for each
Mortgage Loan, of (i) the Net Mortgage Interest Rate for such Mortgage Loan
multiplied by (ii) the Stated Principal Balance of such Mortgage Loan on the Due
Date of the month preceding the month of such Distribution Date divided by (B)
the sum of the product, for each Mortgage Loan, of (i) the Non-Ratio Strip
Percentage for such Mortgage Loan multiplied by (ii) the Stated Principal
Balance of such Mortgage Loan on the Due Date of the month preceding the month
of such Distribution Date.
Adjusted Pool Amount: With respect to any Distribution Date, the
Cut-Off Date Pool Principal Balance of the Mortgage Loans minus the sum of (i)
all amounts in respect of principal received in respect of the Mortgage Loans
(including, without limitation, amounts received as Monthly Payments, Periodic
Advances, Principal Prepayments, Liquidation Proceeds and Substitution
Adjustment Amounts) and distributed to Holders of Certificates on such
Distribution Date and all prior Distribution Dates and (ii) the principal
portion of all Realized Losses (other than Debt Service Reductions) incurred on
the Mortgage Loans from the Cut-Off Date through the end of the month preceding
such Distribution Date.
Adjusted Pool Amount (Ratio Strip Portion): With respect to any
Distribution Date, the sum of the amounts, calculated as follows, with respect
to all Outstanding Mortgage Loans: the product of (i) the Ratio Strip Percentage
for each such Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date
Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in
respect of principal received in respect of such Mortgage Loan (including,
without limitation, amounts received as Monthly Payments, Periodic Advances,
Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts)
and distributed to Holders of the Certificates on such Distribution Date and all
prior Distribution Dates and (y) the principal portion of any Realized Loss
(other than a Debt Service Reduction) incurred on such Mortgage Loan from the
Cut-Off Date through the end of the month preceding such Distribution Date.
Advance: A Periodic Advance or a Servicing Advance.
Agreement: This Pooling and Servicing Agreement together with all
amendments hereof and supplements hereto.
Amount Held for Future Distribution: As to any Distribution Date,
the total of the amounts held in the Servicer Custodial Account at the close of
business on the preceding Determination Date on account of (i) Principal
Prepayments and Liquidation Proceeds received or made in the month of such
Distribution Date and (ii) payments which represent receipt of Monthly Payments
in respect of a Due Date or Due Dates subsequent to the related Due Date.
Appraised Value: With respect to any Mortgaged Property, either (i)
the lesser of (a) the appraised value determined in an appraisal obtained by the
originator at origination of such Mortgage Loan and (b) the sales price for such
property, except that, in the case of Mortgage Loans the proceeds of which were
used to refinance an existing mortgage loan, the Appraised Value of the related
Mortgaged Property is the appraised value thereof determined in an appraisal
obtained at the time of refinancing, or (ii) the appraised value determined in
an appraisal made at the request of a Mortgagor subsequent to origination in
order to eliminate the Mortgagor's obligation to keep a Primary Mortgage
Insurance Policy in force.
Assignment of Mortgage: An individual assignment of the Mortgage,
notice of transfer or equivalent instrument in recordable form, sufficient under
the laws of the jurisdiction wherein the related Mortgaged Property is located
to give record notice of the sale of the Mortgage.
Authenticating Agents: As defined in Section 9.10.
Book-Entry Certificate: All Classes of Certificates other than the
Physical Certificates.
Business Day: Any day other than (i) a Saturday or a Sunday or (ii)
a day on which banking institutions in the State of North Carolina, the State of
New York, the State of Kentucky, the state in which the servicing offices of the
Servicer is located or the state in which the Corporate Trust Office is located
are required or authorized by law or executive order to be closed.
Certificate: Any of the Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-C that are issued pursuant to
this Agreement.
Certificate Account: The separate Eligible Account created and
maintained by the Trustee pursuant to Section 3.08(c) in the name of the Trustee
for the benefit of the Certificateholders and designated "The Bank of New York,
in trust for registered holders of Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2002-C." Funds in the Certificate
Account shall be held in trust for the Certificateholders for the uses and
purposes set forth in this Agreement.
Certificate Balance: With respect to any Certificate at any date,
the maximum dollar amount of principal to which the Holder thereof is then
entitled hereunder, such amount being equal to the product of the Percentage
Interest of such Certificate and the Class Certificate Balance of the Class of
Certificates of which such Certificate is a part.
Certificate Custodian: Initially, The Bank of New York; thereafter
any other Certificate Custodian acceptable to the Depository and selected by the
Trustee.
Certificate Owner: With respect to a Book-Entry Certificate, the
Person who is the beneficial owner of a Book-Entry Certificate. With respect to
any Definitive Certificate, the Certificateholder of such Certificate.
Certificate Register: The register maintained pursuant to Section
6.02.
Certificate Registrar: The registrar appointed pursuant to Section
6.02.
Certificateholder: The Person in whose name a Certificate is
registered in the Certificate Register, except that, solely for the purpose of
giving any consent pursuant to this Agreement, any Certificate registered in the
name of the Depositor, the Servicer or any affiliate thereof shall be deemed not
to be outstanding and the Percentage Interest and Voting Rights evidenced
thereby shall not be taken into account in determining whether the requisite
amount of Percentage Interests or Voting Rights, as the case may be, necessary
to effect any such consent has been obtained, unless such entity is the
registered owner of the entire Class of Certificates, provided that the Trustee
shall not be responsible for knowing that any Certificate is registered in the
name of such an affiliate unless one of its Responsible Officers has actual
knowledge.
Class: As to the Certificates, the Class A-1, Class A-2, Class A-3,
Class A-4, Class A-R, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and
Class B-6 Certificates, as the case may be.
Class A Certificates: The Class A-1, Class A-2, Class A-3, Class A-4
and Class A-R Certificates.
Class A-2 Loss Amount: With respect to any Distribution Date after
the Senior Credit Support Depletion Date, the amount, if any, by which the Class
Certificate Balance of the Class A-2 Certificates would be reduced as a result
of the allocation of any Realized Loss to such Class pursuant to Section
5.03(a)(i) or the allocation of any reduction pursuant to Section 5.03(b) to
such Class, in each case without regard to the operation of Section 5.03(e).
Class A-3 Loss Allocation Amount: With respect to any Distribution
Date after the Senior Credit Support Depletion Date, the lesser of (a) the Class
Certificate Balance of the Class A-3 Certificates with respect to such
Distribution Date prior to any reduction for the Class A-3 Loss Allocation
Amount and (b) the Class A-2 Loss Amount with respect to such Distribution Date.
Class B Certificates: The Class B-1, Class B-2, Class B-3, Class
B-4, Class B-5 and Class B-6 Certificates.
Class Certificate Balance: With respect to any Class and any date of
determination, the Initial Class Certificate Balance of such Class minus the sum
of (i) all distributions of principal made with respect thereto, (ii) all
Realized Losses allocated thereto pursuant to Section 5.03(a), (iii) all other
reductions in Class Certificate Balance previously allocated thereto pursuant to
Section 5.03(b), and (iv) in the case of the Class A-3 Certificates, any
reduction allocated thereto pursuant to Section 5.03(e).
Class Interest Shortfall: For any Distribution Date and each
interest-bearing Class, the amount by which Accrued Certificate Interest for
such Class (as reduced pursuant to Section 5.02(c)) exceeds the amount of
interest actually distributed on such Class on such Distribution Date pursuant
to clause (i) of the definition of "Interest Distribution Amount."
Class Unpaid Interest Shortfall: As to any Distribution Date and
each interest-bearing Class, the amount by which the aggregate Class Interest
Shortfalls for such Class on prior Distribution Dates exceeds the amount of
interest actually distributed on such Class on such prior Distribution Dates
pursuant to clause (ii) of the definition of "Interest Distribution Amount."
Closing Date: April 25, 2002.
Code: The Internal Revenue Code of 1986, as amended.
Compensating Interest: As defined in Section 3.17.
Conversion Date: The date on which a Mortgage Loan becomes a
Converted Mortgage Loan.
Converted Mortgage Loan: Any Mortgage Loan as to which the related
Mortgagor has exercised its option pursuant to the related Mortgage Note to
convert the adjustable rate of interest on such Mortgage Loan to a fixed rate of
interest.
Co-op Shares: Shares issued by private non-profit housing
corporations.
Corporate Trust Office: The principal office of the Trustee at which
at any particular time its certificate transfer services are conducted, which
office at the date of the execution of this instrument is located at 0 Xxxx
Xxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Corporate Trust - MBS
(Fax: (000) 000-0000).
Custodian: Initially, the Trustee, and thereafter the Custodian, if
any, hereafter appointed by the Trustee pursuant to Section 9.12. The Custodian
may (but need not) be the Trustee or any Person directly or indirectly
controlling or controlled by or under common control of either of them. Neither
the Servicer nor the Depositor, nor any Person directly or indirectly
controlling or controlled by or under common control with any such Person may be
appointed Custodian.
Customary Servicing Procedures: With respect to the Servicer,
procedures (including collection procedures) that the Servicer customarily
employs and exercises in servicing and administering mortgage loans for its own
account and which are in accordance with accepted mortgage servicing practices
of prudent lending institutions servicing mortgage loans of the same type as the
Mortgage Loans in the jurisdictions in which the related Mortgaged Properties
are located.
Cut-Off Date: April 1, 2002.
Cut-Off Date Pool Principal Balance: The aggregate of the Cut-Off
Date Principal Balances of the Mortgage Loans which is $426,858,493.52.
Cut-Off Date Principal Balance: As to any Mortgage Loan, the unpaid
principal balance thereof as of the close of business on the Cut-Off Date,
reduced by all installments of principal due on or prior thereto whether or not
paid.
Debt Service Reduction: As to any Mortgage Loan and any
Determination Date, the excess of (i) the Monthly Payment due on the related Due
Date under the terms of such Mortgage Loan over (ii) the amount of the monthly
payment of principal and/or interest required to be paid with respect to such
Due Date by the Mortgagor as established by a court of competent jurisdiction
(pursuant to an order which has become final and nonappealable) 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.); provided that no such excess
shall be considered a Debt Service Reduction so long as (a) the Servicer is
pursuing an appeal of the court order giving rise to any such modification and
(b)(1) such Mortgage Loan is not in default with respect to payment due
thereunder in accordance with the terms of such Mortgage Loan as in effect on
the Cut-Off Date or (2) Monthly Payments are being advanced by the Servicer in
accordance with the terms of such Mortgage Loan as in effect on the Cut-Off
Date.
Debt Service Reduction Mortgage Loan: Any Mortgage Loan that became
the subject of a Debt Service Reduction.
Defective Mortgage Loan: Any Mortgage Loan which is required to be
cured, repurchased or substituted for pursuant to Sections 2.02 or 2.04.
Deficient Valuation: As to any Mortgage Loan and any Determination
Date, the excess of (i) the then outstanding indebtedness under such Mortgage
Loan over (ii) the secured valuation thereof established by a court of competent
jurisdiction (pursuant to an order which has become final and nonappealable) 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; provided that no such excess
shall be considered a Deficient Valuation so long as (a) the Servicer is
pursuing an appeal of the court order giving rise to any such modification and
(b)(1) such Mortgage Loan is not in default with respect to payments due
thereunder in accordance with the terms of such Mortgage Loan as in effect on
the Cut-Off Date or (2) Monthly Payments are being advanced by the Servicer in
accordance with the terms of such Mortgage Loan as in effect on the Cut-Off
Date.
Deficient Valuation Mortgage Loan: Any Mortgage Loan that became the
subject of a Deficient Valuation.
Definitive Certificates: As defined in Section 6.02(c)(iii).
Depositor: Bank of America Mortgage Securities, Inc., a Delaware
corporation, or its successor in interest, as depositor of the Trust Estate.
Depository: The Depository Trust Company, the nominee of which is
Cede & Co., as the registered Holder of the Book-Entry Certificates or any
successor thereto appointed in accordance with this Agreement. 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.
Depository Participant: A broker, dealer, bank or other financial
institution or other Person for whom from time to time a Depository effects
book-entry transfers and pledges of securities deposited with the Depository.
Determination Date: As to any Distribution Date, the 16th day of the
month of the related Distribution Date or, if such 16th day is not a Business
Day, the Business Day immediately preceding such 16th day.
Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage
Interest Rate as of the Closing Date that is less than 5.512% per annum.
Distribution Date: The 25th day of each month beginning in May 2002
(or, if such day is not a Business Day, the next Business Day).
Due Date: As to any Distribution Date and each Mortgage Loan, the
first day in the calendar month of such Distribution Date.
Eligible Account: Any of (i) an account or accounts maintained with
(a) Bank of America, N.A., or (b) a federal or state chartered depository
institution or trust company the short-term unsecured debt obligations of which
(or, in the case of a depository institution or trust company that is the
principal subsidiary of a holding company, the debt obligations of such holding
company) have the highest short-term ratings of each Rating Agency at the time
any amounts are held on deposit therein, or (ii) an account or accounts in a
depository institution or trust company in which such accounts are insured by
the FDIC (to the limits established by the FDIC) and the uninsured deposits in
which accounts are otherwise secured such that, as evidenced by an Opinion of
Counsel delivered to the Trustee and to each Rating Agency, the
Certificateholders have a claim with respect to the funds in such account or a
perfected first priority 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 or
trust company in which such account is maintained, or (iii) a trust account or
accounts maintained with the trust department of a federal or state chartered
depository institution or trust company, acting in its fiduciary capacity or
(iv) any other account acceptable to each Rating Agency. Eligible Accounts may
bear interest and may include, if otherwise qualified under this definition,
accounts maintained with the Trustee.
ERISA: The Employee Retirement Income Security Act of 1974, as
amended.
ERISA Restricted Certificates: Any Class B-4, Class B-5 or Class B-6
Certificate.
Escrow Account: As defined in Section 3.09.
Escrow Payments: The amounts constituting taxes, assessments,
Primary Mortgage Insurance Policy premiums, fire and hazard insurance premiums
and other payments as may be required to be escrowed by the Mortgagor with the
mortgagee pursuant to the terms of any Mortgage Note or Mortgage.
Event of Default: As defined in Section 8.01.
Excess Proceeds: With respect to any Liquidated Mortgage Loan, the
amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage
Loan received in the calendar month in which such Mortgage Loan became a
Liquidated Mortgage Loan, net of any amounts previously reimbursed to the
Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan
pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of
such Liquidated Mortgage Loan as of the Due Date in the month in which such
Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at
the Mortgage Interest Rate from the Due Date as to which interest was last paid
or for which a Periodic Advance was made (and not reimbursed) up to the Due Date
applicable to the Distribution Date immediately following the calendar month
during which such liquidation occurred.
FDIC: The Federal Deposit Insurance Corporation, or any successor
thereto.
FHLMC: The Federal Home Loan Mortgage Corporation, or any successor
thereto.
Final Distribution Date: The Distribution Date on which the final
distribution in respect of the Certificates will be made pursuant to Section
10.01.
Financial Market Service: Bloomberg Financial Service and any other
financial information provider designated by the Depositor by written notice to
the Trustee.
FIRREA: The Financial Institutions Reform, Recovery and Enforcement
Act of 1989, as amended.
FNMA: Xxxxxx Xxx, or any successor thereto.
Fractional Interest: As defined in Section 5.02(d).
Gross Margin: As to each Mortgage Loan, the fixed percentage set
forth in the related Mortgage Note and indicated in the Mortgage Loan Schedule
as the "Gross Margin," which percentage is added to the Index on each Rate
Adjustment Date to determine (subject to rounding, the Periodic Cap and the
Lifetime Cap) the Mortgage Interest Rate on such Mortgage Loan until the next
Rate Adjustment Date.
Holder: A Certificateholder.
Independent: When used with respect to any specified Person means
such a Person who (i) is in fact independent of the Depositor and the Servicer,
(ii) does not have any direct financial interest or any material indirect
financial interest in the Depositor or the Servicer or in an affiliate of either
of them, and (iii) is not connected with the Depositor or the Servicer as an
officer, employee, promoter, underwriter, trustee, partner, director or person
performing similar functions.
Index: As to any Mortgage Loan and Rate Adjustment Date, a rate per
annum that is defined to be the arithmetic mean of the London interbank offered
rate quotations for one year U.S. Dollar-denominated deposits, as published in
The Wall Street Journal and most recently available either (i) as of the first
Business Day in the month preceding the month of the applicable Adjustment Date
or (ii) forty-five days before the applicable Adjustment Date or, in the event
that such index is no longer available, a substitute index selected by the
Servicer in accordance with the terms of the related Mortgage Note.
Initial Class Certificate Balance: As to each Class of Certificates,
the Class Certificate Balance set forth in the Preliminary Statement.
Insurance Policy: With respect to any Mortgage Loan included in the
Trust Estate, any related insurance policy, together with all riders and
endorsements thereto in effect, including any replacement policy or policies for
any Insurance Policies.
Insurance Proceeds: Proceeds paid by an insurer pursuant to any
Insurance Policy, in each case other than any amount included in such Insurance
Proceeds in respect of Insured Expenses.
Insured Expenses: Expenses covered by an Insurance Policy or any
other insurance policy with respect to the Mortgage Loans.
Interest Accrual Period: As to any Distribution Date and each Class
of Certificates (other than the Class A-4 Certificates until the April 2007
Distribution Date), the period from and including the first day of the calendar
month preceding the calendar month of such Distribution Date to but not
including the first day of the calendar month of such Distribution Date.
Interest Distribution Amount: For any Distribution Date and each
interest-bearing Class (other than the Class A-4 Certificates prior to the April
2007 Distribution Date), the sum of (i) the Accrued Certificate Interest,
subject to reduction pursuant to Section 5.02(c) and (ii) any Class Unpaid
Interest Shortfall for such Class.
Lifetime Cap: As to any Mortgage Loan, the maximum Mortgage
Interest Rate set forth in the related Mortgage Note and indicated in the
Mortgage Loan Schedule.
Liquidated Mortgage Loan: With respect to any Distribution Date, a
defaulted Mortgage Loan (including any REO Property) that was liquidated in the
calendar month preceding the month of such Distribution Date and as to which the
Servicer has certified (in accordance with this Agreement) that it has received
all proceeds it expects to receive in connection with the liquidation of such
Mortgage Loan including the final disposition of an REO Property.
Liquidation Proceeds: Amounts, including Insurance Proceeds,
received in connection with the partial or complete liquidation of defaulted
Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or
amounts received in connection with any condemnation or partial release of a
Mortgaged Property and any other proceeds received in connection with an REO
Property, less the sum of related unreimbursed Servicing Fees and Advances.
Loan-to-Value Ratio: With respect to any Mortgage Loan and any date
of determination, the fraction, expressed as a percentage, the numerator of
which is the outstanding principal balance of the related Mortgage Loan at the
date of determination and the denominator of which is the Appraised Value of the
related Mortgaged Property.
MERS: As defined in Section 2.01(b)(iii).
Monthly Payment: The scheduled monthly payment on a Mortgage Loan
due on any Due Date allocable to principal and/or interest on such Mortgage Loan
which, unless otherwise specified herein, shall give effect to any related Debt
Service Reduction and any Deficient Valuation that affects the amount of the
monthly payment due on such Mortgage Loan.
Moody's: Xxxxx'x Investors Service, Inc., or any successor thereto.
Mortgage: The mortgage, deed of trust or other instrument creating a
first lien on a Mortgaged Property securing a Mortgage Note or creating a first
lien on a leasehold interest.
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 the Mortgage File pursuant to this Agreement.
Mortgage Interest Rate: As to any Mortgage Loan, the per annum rate
of interest at which interest accrues on the principal balance of such Mortgage
Loan, as adjusted from time to time in accordance with the provisions of the
related Mortgage Note, which rate is (a) prior to the first Rate Adjustment Date
for each such Mortgage Loan, the initial Mortgage Interest Rate for such
Mortgage Loan indicated on the Mortgage Loan Schedule and (b) from and after
such Rate Adjustment Date, the sum of the Index, as of the Rate Adjustment Date
applicable to such Due Date, and the Gross Margin, rounded as set forth in such
Mortgage Note, subject to the Periodic Cap and the Lifetime Cap applicable to
such Mortgage Loan at any time during the life of such Mortgage Loan.
Mortgage Loan Purchase Agreement: The Mortgage Loan Purchase
Agreement, dated April 25, 2002, between the Bank of America, N.A., as seller,
and the Depositor, as purchaser.
Mortgage Loan Schedule: The list of Mortgage Loans (as from time to
time amended by the Servicer to reflect the addition of Substitute Mortgage
Loans and the deletion of Defective Mortgage Loans pursuant to the provisions of
this Agreement) transferred to the Trustee as part of the Trust Estate and from
time to time subject to this Agreement, attached hereto as Exhibit D, setting
forth the following information with respect to each Mortgage Loan: (i) the
Mortgage Loan identifying number; (ii) a code indicating whether the Mortgaged
Property is owner-occupied; (iii) the property type for each Mortgaged Property;
(iv) the original months to maturity or the remaining months to maturity from
the Cut-Off Date; (v) the Loan-to-Value Ratio at origination; (vi) the Mortgage
Interest Rate as of the Cut-Off Date; (vii) the date on which the first Monthly
Payment was due on the Mortgage Loan, and, if such date is not the Due Date
currently in effect, such Due Date; (viii) the stated maturity date; (ix) the
amount of the Monthly Payment as of the Cut-Off Date; (x) the paid-through date;
(xi) the original principal amount of the Mortgage Loan; (xii) the principal
balance of the Mortgage Loan as of the close of business on the Cut-Off Date,
after application of payments of principal due on or before the Cut-Off Date,
whether or not collected, and after deduction of any payments collected of
scheduled principal due after the Cut-Off Date; (xiii) a code indicating the
purpose of the Mortgage Loan; (xiv) a code indicating the documentation style;
(xv) the Appraised Value; (xvi) the first Rate Adjustment Date; (xvii) the Rate
Ceiling; (xviii) the Periodic Cap; (xix) the Gross Margin; and (xx) whether such
Mortgage Loan has an option to convert from an adjustable rate of interest to a
fixed rate of interest. With respect to the Mortgage Loans in the aggregate, the
Mortgage Loan Schedule shall set forth the following information, as of the
Cut-Off Date: (i) the number of Mortgage Loans; (ii) the current aggregate
outstanding principal balance of the Mortgage Loans; (iii) the weighted average
Mortgage Rate of the Mortgage Loans; and (iv) the weighted average months to
maturity of the Mortgage Loans.
Mortgage Loans: Such of the mortgage loans transferred and assigned
to the Trustee pursuant to Section 2.01 as from time to time are held as a part
of the Trust Estate (including any Substitute Mortgage Loans and REO Property),
the Mortgage Loans originally so held being identified in the Mortgage Loan
Schedule.
Mortgage Note: The originally executed note or other evidence of
indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan,
together with all riders thereto and amendments thereof.
Mortgaged Property: The underlying property securing a Mortgage
Loan, which may include Co-op Shares or residential long-term leases.
Mortgagor: The obligor on a Mortgage Note.
Net Mortgage Interest Rate: As to any Mortgage Loan and Distribution
Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of
the month preceding the month of the related Distribution Date reduced by the
Servicing Fee Rate and the Trustee Fee Rate.
Non-Ratio Strip Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of which is the Net Mortgage
Interest Rate of such Discount Mortgage Loan and the denominator of which is
5.512%. As to any Mortgage Loan that is not a Discount Mortgage Loan, 100%.
Non-Ratio Strip Principal Amount: As to any Distribution Date, the
sum of the applicable Non-Ratio Strip Percentage of (a) the principal portion of
each Monthly Payment due on each Mortgage Loan on the related Due Date, (b) the
Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan
that was repurchased by the Depositor pursuant to this Agreement as of such
Distribution Date, (c) any Substitution Adjustment Amount in connection with a
Defective Mortgage Loan received with respect to such Distribution Date, (d) any
Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that
are not yet Liquidated Mortgage Loans received during the calendar month
preceding the month of such Distribution Date, (e) with respect to each Mortgage
Loan that became a Liquidated Mortgage Loan during the calendar month preceding
the month of such Distribution Date, the amount of Liquidation Proceeds
allocable to principal received during the calendar month preceding the month of
such Distribution Date with respect to such Mortgage Loan and (f) all Principal
Prepayments received during the calendar month preceding the month of such
Distribution Date.
Non-Supported Interest Shortfalls: As to any Distribution Date, the
amount, if any, by which the aggregate of Prepayment Interest Shortfalls exceeds
Compensating Interest for such Distribution Date.
Non-U.S. Person: A Person other than a U.S. Person.
Nonrecoverable Advance: Any portion of an Advance previously made or
proposed to be made in respect of a Mortgage Loan which has not been previously
reimbursed and which, in the good faith judgment of the Servicer, will not or,
in the case of a proposed Advance, would not be ultimately recoverable from the
related Mortgagor, related Liquidation Proceeds, or other recoveries in respect
of the related Mortgage Loan.
Offered Certificates: The Class A, Class B-1, Class B-2 and Class
B-3 Certificates.
Officer's Certificate: A certificate signed by the Chairman of the
Board, Vice Chairman of the Board, President or a Vice President and by the
Treasurer, the Secretary or one of the Assistant Treasurers or Assistant
Secretaries, or any other duly authorized officer of the Depositor or the
Servicer, as the case may be, and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel acceptable to the
Trustee, who may be counsel for the Depositor or the Servicer, except that any
opinion of counsel relating to the qualification of the Trust Estate as a REMIC
or compliance with the REMIC Provisions must be an opinion of Independent
counsel.
Original Fractional Interest: With respect to each of the following
Classes of Subordinate Certificates, the corresponding percentage described
below, as of the Closing Date:
Class B-1 1.50%
Class B-2 1.00%
Class B-3 0.50%
Class B-4 0.35%
Class B-5 0.20%
Class B-6 0.00%
Original Subordinate Certificate Balance: $12,170,053.00.
OTS: The Office of Thrift Supervision.
Outstanding Mortgage Loan: As to any Due Date, a Mortgage Loan which
was not the subject of a Principal Prepayment in Full prior to such Due Date,
which did not become a Liquidated Mortgage Loan prior to such Due Date and which
was not purchased from the Trust prior to such Due Date pursuant to Sections
2.02, 2.04 or 2.09.
Ownership Interest: As to any Certificate, any ownership or security
interest in such Certificate, including any interest in such Certificate as the
Holder thereof and any other interest therein, whether direct or indirect, legal
or beneficial, as owner or as pledgee.
Pass-Through Rate: As to each Class of interest-bearing
Certificates, the per annum rate described in the Preliminary Statement.
Paying Agent: As defined in Section 9.13.
Percentage Interest: As to any Certificate, the percentage obtained
by dividing the initial Certificate Balance of such Certificate by the Initial
Class Certificate Balance of the Class of which such Certificate is a part.
Periodic Advance: The payment required to be made by the Servicer
with respect to any Distribution Date pursuant to Section 3.20, the amount of
any such payment being equal to the aggregate of Monthly Payments (net of the
Servicing Fee) on the Mortgage Loans (including any REO Property) that were due
on the related Due Date and not received as of the close of business on the
related Determination Date, less the aggregate amount of any such delinquent
payments that the Servicer has determined would constitute a Nonrecoverable
Advance if advanced.
Periodic Cap: For each Mortgage Loan, the applicable limit on
adjustment of the Mortgage Interest Rate for each Rate Adjustment Date specified
in the applicable Mortgage Note and designated as such in the Mortgage Loan
Schedule.
Permitted Investments: One or more of the following:
(i) obligations of or guaranteed as to principal and interest by the
United States, FHLMC, FNMA or any agency or instrumentality of the United
States when such obligations are backed by the full faith and credit of the
United States; provided that such obligations of FHLMC or FNMA shall be
limited to senior debt obligations and mortgage participation certificates
other than investments in mortgage-backed or mortgage participation
securities with yields evidencing extreme sensitivity to the rate of
principal payments on the underlying mortgages, which shall not constitute
Permitted Investments hereunder;
(ii) repurchase agreements on obligations specified in clause (i)
maturing not more than one month from the date of acquisition thereof with
a corporation incorporated under the laws of the United States or any state
thereof rated not lower than "P-1" by Moody's and "A-1" by S&P;
(iii) federal funds, certificates of deposit, demand deposits, time
deposits and bankers' acceptances (which shall each have an original
maturity of not more than 90 days and, in the case of bankers' acceptances,
shall in no event have an original maturity of more than 365 days or a
remaining maturity of more than 30 days) denominated in United States
dollars of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state thereof, rated not lower
than "P-1" by Moody's and "A-1" by S&P;
(iv) commercial paper (having original maturities of not more than
365 days) of any corporation incorporated under the laws of the United
States or any state thereof which is rated not lower than "P-1" by Moody's
and "A-1" by S&P;
(v) investments in money market funds (including funds of the
Trustee or its affiliates, or funds for which an affiliate of the Trustee
acts as advisor, as well as funds for which the Trustee and its affiliates
may receive compensation) rated "Aaa" by Moody's and either "AAAm" or "AAAm
G" by S&P or otherwise approved in writing by each Rating Agency; and
(vi) other obligations or securities that are acceptable to each
Rating Agency and, as evidenced by an Opinion of Counsel obtained by the
Servicer, will not affect the qualification of the Trust Estate as a REMIC;
provided, however, that no instrument shall be a Permitted Investment if it
represents either (a) the right to receive only interest payments with respect
to the underlying debt instrument or (b) the right to receive both principal and
interest payments derived from obligations underlying such instrument and the
principal and interest with respect to such instrument provide a yield to
maturity greater than 120% of the yield to maturity at par of such underlying
obligations.
Permitted Transferee: Any Person other than (i) the United States,
or any State or any political subdivision thereof, or any agency or
instrumentality of any of the foregoing, (ii) a foreign government,
international organization or any agency or instrumentality of either of the
foregoing, (iii) an organization 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) (except certain farmers' cooperatives described in Code
Section 521), (iv) rural electric and telephone cooperatives described in Code
Section 1381(a)(2)(C) and (v) any other Person so designated by the Servicer
based on an Opinion of Counsel to the effect that any transfer to such Person
may cause the Trust or any other Holder of a Residual Certificate to incur tax
liability that would not be imposed other than on account of such transfer. The
terms "United States," "State" and "international organization" shall have the
meanings set forth in Code Section 7701 or successor provisions.
Person: Any individual, corporation, limited liability company,
partnership, joint venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or political subdivision
thereof.
Physical Certificates: The Class A-R, Class B-4, Class B-5 and Class
B-6 Certificates.
Plan: As defined in Section 6.02(e).
Pool Distribution Amount: As to any Distribution Date, the excess of
(a) the sum of (i) the aggregate of (A) the interest portion of any Monthly
Payment (net of the Servicing Fee) and the principal portion of any Monthly
Payment due on the Due Date in the month in which such Distribution Date occurs
and which is received prior to the related Determination Date and (B) all
Periodic Advances and payments of Compensating Interest made by the Servicer in
respect of such Distribution Date deposited to the Servicer Custodial Account
pursuant to Section 3.08(b)(vii); (ii) all Liquidation Proceeds received during
the preceding calendar month and deposited to the Servicer Custodial Account
pursuant to Section 3.08(b)(iii); (iii) all Principal Prepayments received
during the month preceding the month of such Distribution Date and deposited to
the Servicer Custodial Account pursuant to Section 3.08(b)(i) during such
period; (iv) in connection with Defective Mortgage Loans, as applicable, the
aggregate of the Repurchase Prices and Substitution Adjustment Amounts deposited
on the related Remittance Date pursuant to Section 3.08(b)(vi); and (v) any
other amounts in the Servicer Custodial Account deposited therein pursuant to
Sections 3.08(b)(iv), (v) and (viii) in respect of such Distribution Date; over
(b) any (i) amounts permitted to be withdrawn from the Servicer Custodial
Account pursuant to clauses (i) through (vii), inclusive, of Section 3.11(a) and
(ii) amounts permitted to be withdrawn from the Certificate Account pursuant to
clauses (i) and (ii) of Section 3.11(b).
Pool Stated Principal Balance: As to any Distribution Date, the
aggregate Stated Principal Balances of all Mortgage Loans that were Outstanding
Mortgage Loans immediately following the Due Date in the month of such
Distribution Date.
Premium Mortgage Loan: Any Mortgage Loan with a Net Mortgage
Interest Rate as of the Closing Date that is equal to or more than 5.512% per
annum.
Prepayment Interest Shortfall: As to any Distribution Date and each
Mortgage Loan subject to a Principal Prepayment received during the calendar
month preceding such Distribution Date, the amount, if any, by which one month's
interest at the related Mortgage Interest Rate (net of the Servicing Fee) on
such Principal Prepayment exceeds the amount of interest paid in connection with
such Principal Prepayment.
Primary Mortgage Insurance Policy: Each policy of primary mortgage
guaranty insurance or any replacement policy therefor with respect to any
Mortgage Loan, in each case issued by an insurer acceptable to FNMA or FHLMC.
Principal-Only Certificates: Any Class of Certificates entitled to
distributions of principal, but to no distributions of interest. The Class A-4
Certificates are Principal-Only Certificate until the April 2007 Distribution
Date.
Principal Prepayment: Any payment or other recovery of principal on
a Mortgage Loan (other than Liquidation Proceeds) which is received in advance
of its scheduled Due Date and is not accompanied by an amount of interest
representing scheduled interest due on any date or dates in any month or months
subsequent to the month of prepayment.
Principal Prepayment in Full: Any Principal Prepayment of the entire
principal balance of a Mortgage Loan.
Private Certificates: The Class B-4, Class B-5 and Class B-6
Certificates.
Pro Rata Share: As to any Distribution Date and any Class of
Subordinate Certificates that is not a Restricted Class, the portion of the
Subordinate Principal Distribution Amount allocable to such Class, equal to the
product of the Subordinate Principal Distribution Amount for such Distribution
Date and a fraction, the numerator of which is the related Class Certificate
Balance thereof and the denominator of which is the aggregate Class Certificate
Balance of the Subordinate Certificates that are not Restricted Classes. The Pro
Rata Share of a Restricted Class shall be 0%.
Qualified Appraiser: An appraiser of a Mortgaged Property duly
appointed by the originator of the related Mortgage Loan, who had no interest,
direct or indirect, in such Mortgaged Property or in any loan made on the
security thereof, whose compensation is not affected by the approval or
disapproval of the related Mortgage Loan and who met the minimum qualifications
of FNMA or FHLMC.
Rate Adjustment Date: As to each Mortgage Loan, the Due Date on
which date an adjustment to the Mortgage Interest Rate of such Mortgage Loan
becomes effective under the related Mortgage Note, which Due Date is the date
set forth in the Mortgage Loan Schedule as the first Rate Adjustment Date and
each subsequent anniversary thereof.
Rate Ceiling: The maximum per annum Mortgage Interest Rate permitted
under the related Mortgage Note.
Rating Agency: Each of S&P and Xxxxx'x. If either such organization
or a successor is no longer in existence, "Rating Agency" shall be such
nationally recognized statistical rating organization, or other comparable
Person, as is designated by the Depositor, notice of which designation shall be
given to the Trustee. References herein to a given rating or rating category of
a Rating Agency shall mean such rating category without giving effect to any
modifiers.
Ratio Strip Deferred Amount: As to any Distribution Date, the
aggregate of the applicable Ratio Strip Percentage of each Realized Loss to be
allocated to the Class A-4 Certificates on such Distribution Date or previously
allocated to the Class A-4 Certificates and not yet paid to the Holders of the
Class A-4 Certificates pursuant to Section 5.02(a)(iii) and the amount (without
duplication) of any reduction in the Class Certificate Balance of the Class A-4
Certificates pursuant to Section 5.03(b).
Ratio Strip Percentage: As to any Discount Mortgage Loan, 100% minus
the Non-Ratio Strip Percentage for such Mortgage Loan. As to any Mortgage Loan
that is not a Discount Mortgage Loan, 0%.
Ratio Strip Principal Amount: As to any Distribution Date, the sum
of the applicable Ratio Strip Percentage of (a) the principal portion of each
Monthly Payment due on each Mortgage Loan on the related Due Date, (b) the
Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan
that was repurchased by the related Seller or the Depositor pursuant to this
Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount
in connection with any Defective Mortgage Loan received with respect to such
Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of
principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received
during the calendar month preceding the month of such Distribution Date, (e)
with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during
the calendar month preceding the month of such Distribution Date, the amount of
Liquidation Proceeds allocable to principal received with respect to such
Mortgage Loan during the calendar month preceding the month of such Distribution
Date with respect to such Mortgage Loan and (f) all Principal Prepayments
received during the calendar month preceding the month of such Distribution
Date.
Realized Loss: With respect to each Liquidated Mortgage Loan, an
amount as of the date of such liquidation, equal to (i) the unpaid principal
balance of the Liquidated Mortgage Loan as of the date of such liquidation, plus
(ii) interest at the Net Mortgage Interest Rate from the Due Date as to which
interest was last paid or advanced (and not reimbursed) to Certificateholders up
to the Due Date in the month in which Liquidation Proceeds are required to be
distributed on the Stated Principal Balance of such Liquidated Mortgage Loan
from time to time, minus (iii) the Liquidation Proceeds, if any, received during
the month in which such liquidation occurred, to the extent applied as
recoveries of interest at the Net Mortgage Interest Rate and to principal of the
Liquidated Mortgage Loan. With respect to each Mortgage Loan that has become the
subject of a Deficient Valuation, if the principal amount due under the related
Mortgage Note has been reduced, the difference between the principal balance of
the Mortgage Loan outstanding immediately prior to such Deficient Valuation and
the principal balance of the Mortgage Loan as reduced by the Deficient
Valuation. With respect to each Mortgage Loan that has become the subject of a
Debt Service Reduction and any Distribution Date, the amount, if any, by which
the principal portion of the related Monthly Payment has been reduced.
Record Date: The last day of the month (or, if such day is not a
Business Day, the preceding Business Day) preceding the month of the related
Distribution Date.
Refinance Mortgage Loan: Any Mortgage Loan the proceeds of which
were not used to purchase the related Mortgaged Property.
Regular Certificates: As defined in the Preliminary Statement
hereto.
Relief Act: The Soldiers' and Sailors' Civil Relief Act of 1940, as
amended.
Relief Act Reduction: With respect to any Distribution Date, for any
Mortgage Loan as to which there has been a reduction in the amount of interest
collectible thereon for the most recently ended calendar month as a result of
the application of the Relief Act or comparable state legislation, the amount,
if any, by which (i) interest collectible on such Mortgage Loan for the most
recently ended calendar month is less than (ii) interest accrued pursuant to the
terms of the Mortgage Note on the same principal amount and for the same period
as the interest collectible on such Mortgage Loan for the most recently ended
calendar month.
REMIC: A "real estate mortgage investment conduit" within the
meaning of Section 860D of the Code.
REMIC Certificate Maturity Date: The "latest possible maturity date"
of the Regular Certificates as that term is defined in Section 2.07.
REMIC Provisions: Provisions of the federal income tax law relating
to real estate mortgage investment conduits, which appear at Section 860A
through 860G of Subchapter M of Chapter 1 of the Code, and related provisions,
and regulations promulgated thereunder, as the foregoing may be in effect from
time to time, as well as provisions of applicable state laws.
Remittance Date: As to any Distribution Date, by 2:00 p.m. Eastern
time on the Business Day immediately preceding such Distribution Date.
REO Disposition Period: As defined in Section 3.14.
REO Proceeds: Proceeds, net of any related expenses of the Servicer,
received in respect of any REO Property (including, without limitation, proceeds
from the rental of the related Mortgaged Property) which are received prior to
the final liquidation of such Mortgaged Property.
REO Property: A Mortgaged Property acquired by the Servicer on
behalf of the Trust through foreclosure or deed-in-lieu of foreclosure in
connection with a defaulted Mortgage Loan.
Repurchase Price: As to any Defective Mortgage Loan repurchased on
any date pursuant to Sections 2.02 or 2.04 and as to any Converted Mortgage Loan
repurchased on any date pursuant to Section 2.09, an amount equal to the sum of
(i) the unpaid principal balance thereof and (ii) the unpaid accrued interest
thereon at the applicable Mortgage Interest Rate from the Due Date to which
interest was last paid by the Mortgagor to the first day of the month following
the month in which such Mortgage Loan became eligible to be repurchased.
Request for Release: The Request for Release submitted by the
Servicer to the Trustee or the Custodian on behalf of the Trustee, substantially
in the form of Exhibit E.
Required Insurance Policy: With respect to any Mortgage Loan, any
insurance policy which is required to be maintained from time to time under this
Agreement in respect of such Mortgage Loan.
Residual Certificate: The Class A-R Certificate.
Responsible Officer: When used with respect to the Trustee, any
officer of the Corporate Trust Department of the Trustee, including any Senior
Vice President, any Vice President, any Assistant Vice President, any Assistant
Secretary, any Trust Officer or Assistant Trust Officer, or any other officer of
the Trustee customarily performing functions similar to those performed by any
of the above designated officers and having responsibility for the
administration of this Agreement.
Restricted Classes: As defined in Section 5.02(d).
S&P: Standard & Poor's, a division of The XxXxxx-Xxxx Companies,
Inc., or any successor thereto.
Seller: Bank of America, N.A., a national banking association, or
its successor in interest, as seller of the Mortgage Loans under the Mortgage
Loan Purchase Agreement.
Senior Certificates: The Class A Certificates.
Senior Credit Support Depletion Date: The date on which the
aggregate Class Certificate Balance of the Subordinate Certificates is reduced
to zero.
Senior Percentage: With respect to any Distribution Date, the
percentage, carried six places rounded up, obtained by dividing the aggregate
Class Certificate Balance of the Senior Certificates (other than the Class A-4
Certificates) immediately prior to such Distribution Date by the aggregate Class
Certificate Balance of all Classes of Certificates (other than the Class A-4
Certificates) immediately prior to such Distribution Date.
Senior Prepayment Percentage: For any Distribution Date during the
seven years beginning on the first Distribution Date, 100%. The Senior
Prepayment Percentage for any Distribution Date occurring on or after the
seventh year anniversary of the first Distribution Date will, except as provided
herein, be as follows: for any Distribution Date in the first year thereafter,
the Senior Percentage plus 70% of the Subordinate Percentage for such
Distribution Date; for any Distribution Date in the second year thereafter, the
Senior Percentage plus 60% of the Subordinate Percentage for such Distribution
Date; for any Distribution Date in the third year thereafter, the Senior
Percentage plus 40% of the Subordinate Percentage for such Distribution Date;
for any Distribution Date in the fourth year thereafter, the Senior Percentage
plus 20% of the Subordinate Percentage for such Distribution Date; and for any
Distribution Date in the fifth or later years thereafter, the Senior Percentage
for such Distribution Date, unless (i) on any of the foregoing Distribution
Dates the Senior Percentage exceeds the initial Senior Percentage, in which case
the Senior Prepayment Percentage for such Distribution Date will once again
equal 100%, (ii) on any Distribution Date before the Distribution Date occurring
in May 2005, the Subordinate Percentage for such Distribution Date is greater
than or equal to twice the initial Subordinate Percentage, in which case the
Senior Prepayment Percentage for such Distribution Date will equal the Senior
Percentage plus 50% of the Subordinate Percentage or (iii) on any Distribution
Date occurring after the Distribution Date in May 2005, the Subordinate
Percentage for such Distribution Date is greater than or equal to twice the
initial Subordinate Percentage, in which case the Senior Prepayment Percentage
for such Distribution Date will equal the Senior Percentage. Notwithstanding the
foregoing, no decrease in the Senior Prepayment Percentage will occur and the
Senior Prepayment Percentage will be calculated without regard to clause (ii) or
(iii) in the preceding sentence unless both of the Senior Step Down Conditions
are satisfied.
Senior Principal Distribution Amount: As to any Distribution Date,
the sum of (i) the Senior Percentage of the applicable Non-Ratio Strip
Percentage of all amounts described in clauses (a) through (d) of the definition
of "Non-Ratio Strip Principal Amount" for such Distribution Date and (ii) the
Senior Prepayment Percentage of the applicable Non-Ratio Strip Percentage of the
amounts described in clauses (e) and (f) of the definition of "Non-Ratio Strip
Principal Amount" for such Distribution Date.
Senior Step Down Conditions: As of any Distribution Date as to which
any decrease in the Senior Prepayment Percentage applies, (i) the outstanding
principal balance of all Mortgage Loans (including, for this purpose, any
Mortgage Loans in foreclosure or any REO Property) delinquent 60 days or more,
as a percentage of the aggregate Class Certificate Balance of the Subordinate
Certificates (averaged over the preceding six-month period), is not equal to or
greater than 50% or (ii) cumulative Realized Losses with respect to the Mortgage
Loans as of the applicable Distribution Date do not exceed the percentages of
the Original Subordinate Certificate Balance set forth below:
Percentage of Original
Distribution Date Occurring In Subordinate Certificate Balance
------------------------------ -------------------------------
May 2002 through April 2005 20%
May 2005 through April 2010 30%
May 2010 through April 2011 35%
May 2011 through April 2012 40%
May 2012 through April 2013 45%
May 2013 and thereafter 50%
Servicer: Bank of America, N.A., a national banking association, or
its successor in interest, in its capacity as servicer of the Mortgage Loans, or
any successor servicer appointed as herein provided.
Servicer Advance Date: As to any Distribution Date, 11:30 a.m.,
Eastern time, on the Business Day immediately preceding such Distribution Date.
Servicer Custodial Account: The separate Eligible Account or
Accounts created and maintained by the Servicer pursuant to Section 3.08(b).
Servicer's Certificate: The monthly report required by Section 4.01.
Servicing Advances: All customary, reasonable and necessary "out of
pocket" costs and expenses incurred in the performance by the Servicer of its
servicing obligations, including, but not limited to (i) the preservation,
restoration and protection of a Mortgaged Property, (ii) expenses reimbursable
to the Servicer pursuant to Section 3.14 and any enforcement or judicial
proceedings, including foreclosures, (iii) the management and liquidation of any
REO Property and (iv) compliance with the obligations under Section 3.12.
Servicing Fee: With respect to each Mortgage Loan and Distribution
Date, the amount of the fee payable to the Servicer, which shall, for such
Distribution Date, be equal to one-twelfth of the product of the Servicing Fee
Rate with respect to such Mortgage Loan and the Stated Principal Balance of such
Mortgage Loan, subject to reduction as provided in Section 3.17. Such fee shall
be payable monthly, computed on the basis of the same Stated Principal Balance
and period respecting which any related interest payment on a Mortgage Loan is
computed. The Servicer's right to receive the Servicing Fee is limited to, and
payable solely from, the interest portion (including recoveries with respect to
interest from Liquidation Proceeds and other proceeds, to the extent permitted
by Section 3.11) of related Monthly Payments collected by the Servicer, or as
otherwise provided under Section 3.11.
Servicing Fee Rate: With respect to each Mortgage Loan until and
including the March 2007 Distribution Date, the per annum rate equal to (i) the
related Mortgage Interest Rate on the Closing Date less (ii) the sum of 5.512%
and the Trustee Fee Rate; provided, however, that the Servicing Fee Rate will
not be less than 0.25% per annum with respect to any Mortgage Loan. The
Servicing Rate with respect to each Mortgage Loan after the March 2007
Distribution Date will be 0.25% per annum.
Servicing File: The items pertaining to a particular Mortgage Loan
referred to in Exhibit J hereto, and any additional documents required to be
added to the Servicing File pursuant to the Agreement.
Servicing Officer: Any officer of the Servicer involved in, or
responsible for, the administration and servicing of the Mortgage Loans whose
name appears on a list of servicing officers furnished to the Trustee by the
Servicer, as such list may from time to time be amended.
Similar Law: As defined in Section 6.02(e).
Stated Principal Balance: As to any Mortgage Loan and date, the
unpaid principal balance of such Mortgage Loan as of the Due Date immediately
preceding such date as specified in the amortization schedule at the time
relating thereto (before any adjustment to such amortization schedule by reason
of any moratorium or similar waiver or grace period) after giving effect to any
previous partial Principal Prepayments and Liquidation Proceeds allocable to
principal (other than with respect to any Liquidated Mortgage Loan) and to the
payment of principal due on such Due Date and irrespective of any delinquency in
payment by the related Mortgagor, and after giving effect to any Deficient
Valuation.
Subordinate Certificates: The Class B Certificates.
Subordinate Percentage: As of any Distribution Date, 100% minus the
Senior Percentage for such Distribution Date.
Subordinate Prepayment Percentage: As to any Distribution Date, 100%
minus the Senior Prepayment Percentage for such Distribution Date.
Subordinate Principal Distribution Amount: With respect to any
Distribution Date, an amount equal to the sum of (i) the Subordinate Percentage
of the applicable Non-Ratio Strip Percentage of all amounts described in clauses
(a) through (d) of the definition of "Non-Ratio Strip Principal Amount" for such
Distribution Date and (ii) the Subordinate Prepayment Percentage of the
applicable Non-Ratio Strip Percentage of the amounts described in clauses (e)
and (f) of the definition of "Non-Ratio Strip Principal Amount" for such
Distribution Date.
Subservicer: Any Person with which the Servicer has entered into a
Subservicing Agreement and which satisfies the requirements set forth therein.
Subservicing Agreement: Any subservicing agreement (which, in the
event the Subservicer is an affiliate of the Servicer, need not be in writing)
between the Servicer and any Subservicer relating to servicing and/or
administration of certain Mortgage Loans as provided in Section 3.02.
Substitute Mortgage Loan: A Mortgage Loan substituted for a
Defective Mortgage Loan which must, on the date of such substitution (i) have a
Stated Principal Balance, after deduction of the principal portion of the
Monthly Payment due in the month of substitution, not in excess of, and not more
than 10% less than, the Stated Principal Balance of the Defective Mortgage Loan;
(ii) have a Net Mortgage Interest Rate equal to that of the Defective Mortgage
Loan; (iii) have a Loan-to-Value Ratio not higher than that of the Defective
Mortgage Loan; (iv) have a Gross Margin equal to that of the Defective Mortgage
Loan; (v) have a Periodic Cap and Rate Ceiling equal to that of the Defective
Mortgage Loan; (vi) have the same Index and frequency of mortgage interest rate
adjustment as the Deleted Mortgage Loan; (vii) have a remaining term to maturity
not greater than (and not more than one year less than) that of the Defective
Mortgage Loan; and (viii) comply with each Mortgage Loan representation and
warranty set forth in the Sale Agreement relating to the Defective Mortgage
Loan. More than one Substitute Mortgage Loan may be substituted for a Defective
Mortgage Loan if such Substitute Mortgage Loans meet the foregoing attributes in
the aggregate.
Substitution Adjustment Amount: As defined in Section 2.02.
Tax Matters Person: The person designated as "tax matters person" in
accordance with Section 5.06 and the manner provided under Treasury Regulation
ss. 1.860F-4(d) and Treasury Regulation ss. 301.6231(a)(7)-1.
Treasury Regulations: The final and temporary regulations
promulgated under the Code by the U.S. Department of the Treasury.
Trust: The trust created by this Agreement.
Trust Estate: The corpus of the Trust created to the extent
described herein, consisting of the Mortgage Loans, such assets as shall from
time to time be identified as deposited in the Servicer Custodial Account or the
Certificate Account, in accordance with this Agreement, REO Property, the
Primary Mortgage Insurance Policies and any other Required Insurance Policy.
Trustee: The Bank of New York, and its successors-in-interest and,
if a successor trustee is appointed hereunder, such successor, as trustee.
Trustee Fee: As to any Distribution Date, an amount equal to
one-twelfth of the Trustee Fee Rate multiplied by the aggregate Stated Principal
Balance of the Mortgage Loans immediately following the Due Date in the month
preceding the month in which such Distribution Date occurs.
Trustee Fee Rate: With respect to each Mortgage Loan, 0.0030% per
annum.
Underwriting Guidelines: The underwriting guidelines of Bank of
America, X.X.
X.X. Person: A citizen or resident of the United States, a
corporation or partnership (unless, in the case of a partnership, Treasury
Regulations are adopted that provide otherwise) created or organized in or under
the laws of the United States, any state thereof or the District of Columbia,
including an entity treated as a corporation or partnership for federal income
tax purposes, an estate whose income is subject to United States federal income
tax regardless of its source, or a trust if a court within the United States is
able to exercise primary supervision over the administration of such trust, and
one or more such U.S. Persons have the authority to control all substantial
decisions of such trust (or, to the extent provided in applicable Treasury
Regulations, certain trusts in existence on August 20, 1996 which are eligible
to elect to be treated as U.S. Persons).
Voting Rights: The portion of the voting rights of all of the
Certificates which is allocated to any Certificate. As of any date of
determination, (a) 1% of all Voting Rights shall be allocated to the Holder of
the Residual Certificate, and (b) the remaining Voting Rights shall be allocated
among Holders of the remaining Classes of Certificates in proportion to the
Certificate Balances of their respective Certificates on such date.
Section 1.02 Interest Calculations. All calculations of interest
will be made on a 360-day year consisting of twelve 30-day months. All dollar
amounts calculated hereunder shall be rounded to the nearest xxxxx with one-half
of one xxxxx being rounded down.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans.
(a) The Depositor, concurrently with the execution and delivery
hereof, hereby sells, transfers, assigns, sets over and otherwise conveys to the
Trustee on behalf of the Trust for the benefit of the Certificateholders,
without recourse, all the right, title and interest of the Depositor in and to
the Mortgage Loans, including all interest and principal received 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 the Cut-Off Date). The foregoing
sale, transfer, assignment and set over does not and is not intended to result
in a creation of an assumption by the Trustee of any obligation of the Depositor
or any other Person in connection with the Mortgage Loans or any agreement or
instrument relating thereto, except as specifically set forth herein.
(b) In connection with such transfer and assignment, the Depositor
has delivered or caused to be delivered to the Trustee, for the benefit of the
Certificateholders, the following documents or instruments with respect to each
Mortgage Loan so assigned:
(i) the original Mortgage Note, endorsed by manual or facsimile
signature in the following form: "Pay to the order of The Bank of New York,
as Trustee, without recourse," with all necessary intervening endorsements
showing a complete chain of endorsement from the originator to the Trustee
(each such endorsement being sufficient to transfer all right, title and
interest of the party so endorsing, as noteholder or assignee thereof, in
and to that Mortgage Note);
(ii) except as provided below, the original recorded Mortgage with
evidence of a recording thereon, or if any such Mortgage has not been
returned from the applicable recording office or has been lost, or if such
public recording office retains the original recorded Mortgage, a copy of
such Mortgage certified by the Depositor as being a true and correct copy
of the Mortgage;
(iii) subject to the provisos at the end of this paragraph, a duly
executed Assignment of Mortgage to "Bank of America Mortgage Securities,
Inc. Mortgage Pass-Through Certificates, Series 0000-X, Xxx Xxxx xx Xxx
Xxxx, as trustee for the holders of the Certificates" (which may be
included in a blanket assignment or assignments), together with, except as
provided below, originals of all interim recorded assignments of such
mortgage or a copy of such interim assignment certified by the Depositor as
being a true and complete copy of the original recorded intervening
assignments of Mortgage (each such assignment, when duly and validly
completed, to be in recordable form and sufficient to effect the assignment
of and transfer to the assignee thereof, under the Mortgage to which the
assignment relates); provided that, if the related Mortgage has not been
returned from the applicable public recording office, such Assignment of
Mortgage may exclude the information to be provided by the recording
office; and provided, further, if the related Mortgage has been recorded in
the name of Mortgage Electronic Registration Systems, Inc. ("MERS") or its
designee, no Assignment of Mortgage in favor of the Trustee will be
required to be prepared or delivered and instead, the Servicer shall take
all actions as are necessary to cause the Trust to be shown as the owner of
the related Mortgage Loan on the records of MERS for purposes of the system
of recording transfers of beneficial ownership of mortgages maintained by
MERS;
(iv) the originals of all assumption, modification, consolidation or
extension agreements, if any, with evidence of recording thereon, if any;
(v) the original or duplicate original mortgagee title insurance
policy and all riders thereto;
(vi) the original of any guarantee executed in connection with the
Mortgage Note;
(vii) for each Mortgage Loan which is secured by a residential
long-term lease, a copy of the lease with evidence of recording indicated
thereon, or, if the lease is in the process of being recorded, a photocopy
of the lease, certified by an officer of the respective prior owner of such
Mortgage Loan or by the applicable title insurance company,
closing/settlement/escrow agent or company or closing attorney to be a true
and correct copy of the lease transmitted for recordation;
(viii) the original of any security agreement, chattel mortgage or
equivalent document executed in connection with the Mortgage; and
(ix) for each Mortgage Loan secured by Co-op Shares, the originals
of the following documents or instruments:
(A) The stock certificate;
(B) The stock power executed in blank;
(C) The executed proprietary lease;
(D) The executed recognition agreement;
(E) The executed assignment of recognition agreement;
(F) The executed UCC-1 financing statement with evidence of
recording thereon; and
(G) Executed UCC-3 financing statements or other appropriate
UCC financing statements required by state law, evidencing a
complete and unbroken line from the mortgagee to the Trustee with
evidence of recording thereon (or in a form suitable for
recordation).
provided, however, that on the Closing Date, with respect to item (iii), the
Depositor has delivered to the Trustee a copy of such Assignment of Mortgage in
blank and has caused the Servicer to retain the completed Assignment of Mortgage
for recording as described below, unless such Mortgage has been recorded in the
name of MERS or its designee. In addition, if the Depositor is unable to deliver
or cause the delivery of any original Mortgage Note due to the loss of such
original Mortgage Note, the Depositor may deliver a copy of such Mortgage Note,
together with a lost note affidavit, and shall thereby be deemed to have
satisfied the document delivery requirements of this Section 2.01(b). As set
forth on Exhibit L attached hereto is a list of all states where recordation is
required by either Rating Agency to obtain the initial ratings of the
Certificates. The Trustee may rely and shall be protected in relying upon the
information contained in such Exhibit L.
If in connection with any Mortgage Loans, the Depositor cannot
deliver (A) the Mortgage, (B) all interim recorded assignments, (C) all
assumption, modification, consolidation or extension agreements, if any, or (D)
the lender's title policy (together with all riders thereto) satisfying the
requirements of clause (ii), (iii), (iv) or (v) above, respectively,
concurrently with the execution and delivery hereof because such document or
documents have not been returned from the applicable public recording office in
the case of clause (ii), (iii) or (iv) above, or because the title policy has
not been delivered to either the Servicer or the Depositor by the applicable
title insurer in the case of clause (v) above, the Depositor shall promptly
deliver or cause to be delivered to the Trustee or the Custodian on behalf of
the Trustee, in the case of clause (ii), (iii) or (iv) above, such Mortgage,
such interim assignment or such assumption, modification, consolidation or
extension agreement, as the case may be, with evidence of recording indicated
thereon upon receipt thereof from the public recording office, but in no event
shall any such delivery of any such documents or instruments be made later than
one year following the Closing Date, unless, in the case of clause (ii), (iii)
or (iv) above, there has been a continuing delay at the applicable recording
office or, in the case of clause (v), there has been a continuing delay at the
applicable insurer and the Depositor has delivered the Officer's Certificate to
such effect to the Trustee. The Depositor shall forward or cause to be forwarded
to the Trustee (1) from time to time additional original documents evidencing an
assumption or modification of a Mortgage Loan and (2) any other documents
required to be delivered by the Depositor or the Servicer to the Trustee or the
Custodian on the Trustee's behalf. In the event that the original Mortgage is
not delivered and in connection with the payment in full of the related Mortgage
Loan the public recording office requires the presentation of a "lost
instruments affidavit and indemnity" or any equivalent document, because only a
copy of the Mortgage can be delivered with the instrument of satisfaction or
reconveyance, the Servicer shall prepare, execute and deliver or cause to be
prepared, executed and delivered, on behalf of the Trust, such a document to the
public recording office.
As promptly as practicable subsequent to such transfer and
assignment, and in any event, within 30 days thereafter, the Servicer shall
(except for any Mortgage which has been recorded in the name of MERS or its
designee) (I) cause each Assignment of Mortgage to be in proper form for
recording in the appropriate public office for real property records within 30
days of the Closing Date and (II) at the Depositor's expense, cause to be
delivered for recording in the appropriate public office for real property
records the Assignments of the Mortgages to the Trustee, except that, with
respect to any Assignment of a Mortgage as to which the Servicer has not
received the information required to prepare such assignment in recordable form,
the Servicer's obligation to do so and to deliver the same for such recording
shall be as soon as practicable after receipt of such information and in any
event within 30 days after the receipt thereof and, no recording of an
Assignment of Mortgage will be required in a state if either (i) the Depositor
furnishes to the Trustee an unqualified Opinion of Counsel reasonably acceptable
to the Trustee to the effect that recordation of such assignment is not
necessary under applicable state law to preserve the Trustee's interest in the
related Mortgage Loan against the claim of any subsequent transferee of such
Mortgage Loan or any successor to, or creditor of, the Depositor or the
originator of such Mortgage Loan or (ii) the recordation of an Assignment of
Mortgage in such state is not required by either Rating Agency in order to
obtain the initial ratings on the Certificates on the Closing Date.
In the case of Mortgage Loans that have been prepaid in full as of
the Closing Date, the Depositor, in lieu of delivering the above documents to
the Trustee, or the Custodian on the Trustee's behalf, will cause the Servicer
to deposit in the Servicer Custodial Account the portion of such payment that is
required to be deposited in the Servicer Custodial Account pursuant to Section
3.08.
Section 2.02 Acceptance by the Trustee of the Mortgage Loans.
Subject to the provisions of the following paragraph, the Trustee declares that
it, or the Custodian as its agent, will hold the documents referred to in
Section 2.01 and the other documents delivered to it constituting the Mortgage
Files, and that it will hold such other assets as are included in the Trust
Estate, in trust for the exclusive use and benefit of all present and future
Certificateholders.
Within 90 days after the execution and delivery of this Agreement,
the Trustee shall review, or cause the Custodian to review, the Mortgage Files
in its possession. If, in the course of such review, the Trustee or the
Custodian finds any document constituting a part of a Mortgage File which does
not meet the requirements of Section 2.01 or is omitted from such Mortgage File,
the Trustee shall promptly so notify the Servicer and the Depositor, or shall
cause the Custodian to promptly so notify the Servicer and the Depositor. In
performing any such review, the Trustee or the Custodian may conclusively rely
on the purported genuineness of any such document and any signature thereon. It
is understood that the scope of the Trustee's or the Custodian's review of the
Mortgage Files is limited solely to confirming that the documents listed in
Section 2.01 have been received and further confirming that any and all
documents delivered pursuant to Section 2.01 appear on their face to have been
executed and relate to the Mortgage Loans identified in the Mortgage Loan
Schedule. Neither the Trustee nor the Custodian shall have any responsibility
for determining whether any document is valid and binding, whether the text of
any assignment or endorsement is in proper or recordable form, whether any
document has been recorded in accordance with the requirements of any applicable
jurisdiction, or whether a blanket assignment is permitted in any applicable
jurisdiction. The Depositor hereby covenants and agrees that it will promptly
correct or cure such defect within 90 days from the date it was so notified of
such defect and, if the Depositor does not correct or cure such defect within
such period, the Depositor will either (a) substitute for the related Mortgage
Loan a Substitute Mortgage Loan, which substitution shall be accomplished in the
manner and subject to the conditions set forth below or (b) purchase such
Mortgage Loan from the Trustee at the Repurchase Price for such Mortgage Loan;
provided, however, that in no event shall such a substitution occur more than
two years from the Closing Date; provided, further, that such substitution or
repurchase shall occur within 90 days of when such defect was discovered if such
defect will cause the Mortgage Loan not to be a "qualified mortgage" within the
meaning of Section 860G(a)(3) of the Code.
With respect to each Substitute Mortgage Loan the Depositor shall
deliver to the Trustee, for the benefit of the Certificateholders, the Mortgage
Note, the Mortgage, the related Assignment of Mortgage (except for any Mortgage
which has been recorded in the name of MERS or its designee), and such other
documents and agreements as are otherwise required by Section 2.01, with the
Mortgage Note endorsed and the Mortgage assigned as required by Section 2.01. No
substitution is permitted to be made in any calendar month after the
Determination Date for such month. Monthly Payments due with respect to any such
Substitute Mortgage Loan in the month of substitution shall not be part of the
Trust Estate and will be retained by the Depositor. For the month of
substitution, distributions to Certificateholders will include the Monthly
Payment due for such month on any Defective Mortgage Loan for which the
Depositor has substituted a Substitute Mortgage Loan.
The Servicer shall amend the Mortgage Loan Schedule for the benefit
of the Certificateholders to reflect the removal of each Mortgage Loan that has
become a Defective Mortgage Loan and the substitution of the Substitute Mortgage
Loan or Loans and the Servicer shall deliver the amended Mortgage Loan Schedule
to the Trustee and the Custodian. Upon such substitution, each Substitute
Mortgage Loan shall be subject to the terms of this Agreement in all respects,
and the Depositor shall be deemed to have made to the Trustee with respect to
such Substitute Mortgage Loan, as of the date of substitution, the
representations and warranties made pursuant to Section 2.04. Upon any such
substitution and the deposit to the Servicer Custodial Account of any required
Substitution Adjustment Amount (as described in the next paragraph) and receipt
of a Request for Release, the Trustee shall release, or shall direct the
Custodian to release, the Mortgage File relating to such Defective Mortgage Loan
to the Depositor and shall execute and deliver at the Depositor's direction such
instruments of transfer or assignment prepared by the Depositor, in each case
without recourse, as shall be necessary to vest title in the Depositor, or its
designee, to the Trustee's interest in any Defective Mortgage Loan substituted
for pursuant to this Section 2.02.
For any month in which the Depositor substitutes one or more
Substitute Mortgage Loans for one or more Defective Mortgage Loans, the amount
(if any) by which the aggregate principal balance of all such Substitute
Mortgage Loans as of the date of substitution is less than the aggregate Stated
Principal Balance of all such Defective Mortgage Loans (after application of the
principal portion of the Monthly Payments due in the month of substitution) (the
"Substitution Adjustment Amount") plus an amount equal to the aggregate of any
unreimbursed Advances with respect to such Defective Mortgage Loans shall be
deposited into the Certificate Account by the Depositor on or before the
Remittance Date for the Distribution Date in the month succeeding the calendar
month during which the related Mortgage Loan is required to be purchased or
replaced hereunder.
The Trustee shall retain or shall cause the Custodian to retain
possession and custody of each Mortgage File in accordance with and subject to
the terms and conditions set forth herein. The Servicer shall promptly deliver
to the Trustee, upon the execution or, in the case of documents requiring
recording, receipt thereof, the originals of such other documents or instruments
constituting the Mortgage File as come into the Servicer's possession from time
to time.
It is understood and agreed that the obligation of the Depositor to
substitute for or to purchase any Mortgage Loan which does not meet the
requirements of Section 2.01 shall constitute the sole remedy respecting such
defect available to the Trustee and any Certificateholder against the Depositor.
The Trustee or the Custodian, on behalf of the Trustee, shall be
under no duty or obligation (i) to inspect, review or examine any such
documents, instruments, certificates or other papers to determine that they are
genuine, enforceable, or appropriate for the represented purpose or that they
are other than what they purport to be on their face or (ii) to determine
whether any Mortgage File should include any of the documents specified in
Section 2.01(b)(iv), (vi), (vii) and (viii).
Section 2.03 Representations, Warranties and Covenants of the
Servicer.
The Servicer hereby makes the following representations and
warranties to the Depositor and the Trustee, as of the Closing Date:
(i) The Servicer is a national banking association duly organized,
validly existing, and in good standing under the federal laws of the United
States of America and has all licenses necessary to carry on its business
as now being conducted and is licensed, qualified and in good standing in
each of the states where a Mortgaged Property is located if the laws of
such state require licensing or qualification in order to conduct business
of the type conducted by the Servicer. The Servicer has power and authority
to execute and deliver this Agreement and to perform in accordance
herewith; the execution, delivery and performance of this Agreement
(including all instruments of transfer to be delivered pursuant to this
Agreement) by the Servicer and the consummation of the transactions
contemplated hereby have been duly and validly authorized. This Agreement,
assuming due authorization, execution and delivery by the other parties
hereto, evidences the valid, binding and enforceable obligation of the
Servicer, subject to applicable law except as enforceability may be limited
by (A) bankruptcy, insolvency, liquidation, receivership, moratorium,
reorganization or other similar laws affecting the enforcement of the
rights of creditors and (B) general principles of equity, whether
enforcement is sought in a proceeding in equity or at law. All requisite
corporate action has been taken by the Servicer to make this Agreement
valid and binding upon the Servicer in accordance with its terms.
(ii) No consent, approval, authorization or order is required for
the transactions contemplated by this Agreement from any court,
governmental agency or body, or federal or state regulatory authority
having jurisdiction over the Servicer is required or, if required, such
consent, approval, authorization or order has been or will, prior to the
Closing Date, be obtained.
(iii) The consummation of the transactions contemplated by this
Agreement are in the ordinary course of business of the Servicer and will
not result in the breach of any term or provision of the charter or by-laws
of the Servicer or result in the breach of any term or provision of, or
conflict with or constitute a default under or result in the acceleration
of any obligation under, any agreement, indenture or loan or credit
agreement or other instrument to which the Servicer or its property is
subject, or result in the violation of any law, rule, regulation, order,
judgment or decree to which the Servicer or its property is subject.
(iv) There is no action, suit, proceeding or investigation pending
or, to the best knowledge of the Servicer, threatened against the Servicer
which, either individually or in the aggregate, would result in any
material adverse change in the business, operations, financial condition,
properties or assets of the Servicer, or in any material impairment of the
right or ability of the Servicer to carry on its business substantially as
now conducted or which would draw into question the validity of this
Agreement or the Mortgage Loans or of any action taken or to be taken in
connection with the obligations of the Servicer contemplated herein, or
which would materially impair the ability of the Servicer to perform under
the terms of this Agreement.
The representations and warranties made pursuant to this Section
2.03 shall survive delivery of the respective Mortgage Files to the Trustee for
the benefit of the Certificateholders.
Section 2.04 Representations and Warranties of the Depositor as to
the Mortgage Loans.
The Depositor hereby represents and warrants to the Trustee with
respect to the Mortgage Loans or each Mortgage Loan, as the case may be, as of
the date hereof or such other date set forth herein that as of the Closing Date:
(i) The information set forth in the Mortgage Loan Schedule is true
and correct in all material respects.
(ii) There are no delinquent taxes, ground rents, governmental
assessments, insurance premiums, leasehold payments, including assessments
payable in future installments or other outstanding charges affecting the
lien priority of the related Mortgaged Property.
(iii) The terms of the Mortgage Note and the Mortgage have not been
impaired, waived, altered or modified in any respect, except by written
instruments, recorded in the applicable public recording office if
necessary to maintain the lien priority of the Mortgage, and which have
been delivered to the Trustee; the substance of any such waiver, alteration
or modification has been approved by the insurer under the Primary Mortgage
Insurance Policy, if any, the title insurer, to the extent required by the
related policy, and is reflected on the Mortgage Loan Schedule. No
instrument of waiver, alteration or modification has been executed, and no
Mortgagor has been released, in whole or in part, except in connection with
an assumption agreement approved by the insurer under the Primary Mortgage
Insurance Policy, if any, the title insurer, to the extent required by the
policy, and which assumption agreement has been delivered to the Trustee.
(iv) The Mortgage Note and the Mortgage are not subject to any right
of rescission, set-off, counterclaim or defense, including the defense of
usury, nor will the operation of any of the terms of the Mortgage Note and
the Mortgage, or the exercise of any right thereunder, render either the
Mortgage Note or the Mortgage unenforceable, in whole or in part, or
subject to any right of rescission, set-off, counterclaim or defense,
including the defense of usury and no such right of rescission, set-off,
counterclaim or defense has been asserted with respect thereto.
(v) All buildings upon the Mortgaged Property are insured by an
insurer generally acceptable to prudent mortgage lending institutions
against loss by fire, hazards of extended coverage and such other hazards
as are customary in the area the Mortgaged Property is located, pursuant to
insurance policies conforming to the requirements of Customary Servicing
Procedures and this Agreement. All such insurance policies contain a
standard mortgagee clause naming the originator of the Mortgage Loan, its
successors and assigns as mortgagee and all premiums thereon have been
paid. If the Mortgaged Property is in an area identified on a flood hazard
map or flood insurance rate map issued by the Federal Emergency Management
Agency as having special flood hazards (and such flood insurance has been
made available), a flood insurance policy meeting the requirements of the
current guidelines of the Federal Insurance Administration is in effect
which policy conforms to the requirements of FNMA or FHLMC. The Mortgage
obligates the Mortgagor thereunder to maintain all such insurance at the
Mortgagor's cost and expense, and on the Mortgagor's failure to do so,
authorizes the holder of the Mortgage to maintain such insurance at
Mortgagor's cost and expense and to seek reimbursement therefor from the
Mortgagor.
(vi) Any and all requirements of any federal, state or local law
including, without limitation, usury, truth in lending, real estate
settlement procedures, consumer credit protections, equal credit
opportunity or disclosure laws applicable to the origination and servicing
of Mortgage Loan have been complied with.
(vii) The Mortgage has not been satisfied, canceled, subordinated or
rescinded, in whole or in part (other than as to Principal Prepayments in
full which may have been received prior to the Closing Date), and the
Mortgaged Property has not been released from the lien of the Mortgage, in
whole or in part, nor has any instrument been executed that would effect
any such satisfaction, cancellation, subordination, rescission or release.
(viii) The Mortgage is a valid, existing and enforceable first lien
on the Mortgaged Property, including all improvements on the Mortgaged
Property subject only to (A) the lien of current real property taxes and
assessments not yet due and payable, (B) covenants, conditions and
restrictions, rights of way, easements and other matters of the public
record as of the date of recording being acceptable to mortgage lending
institutions generally and specifically referred to in the lender's title
insurance policy delivered to the originator of the Mortgage Loan and which
do not adversely affect the Appraised Value of the Mortgaged Property, (C)
if the Mortgaged Property consists of Co-op Shares, any lien for amounts
due to the cooperative housing corporation for unpaid assessments or
charges or any lien of any assignment of rents or maintenance expenses
secured by the real property owned by the cooperative housing corporation,
and (D) 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 the Mortgage or the use, enjoyment, value or marketability
of the related Mortgaged Property. Any security agreement, chattel mortgage
or equivalent document related to and delivered in connection with the
Mortgage Loan establishes and creates a valid, existing and enforceable
first lien and first priority security interest on the property described
therein and the Depositor has the full right to sell and assign the same to
the Trustee.
(ix) The Mortgage Note and the related Mortgage are genuine and each
is the legal, valid and binding obligation of the maker thereof,
enforceable in accordance with its terms except as enforceability may be
limited by (A) bankruptcy, insolvency, liquidation, receivership,
moratorium, reorganization or other similar laws affecting the enforcement
of the rights of creditors and (B) general principles of equity, whether
enforcement is sought in a proceeding in equity or at law.
(x) All parties to the Mortgage Note and the Mortgage had legal
capacity to enter into the Mortgage Loan and to execute and deliver the
Mortgage Note and the Mortgage, and the Mortgage Note and the Mortgage have
been duly and properly executed by such parties.
(xi) The proceeds of the Mortgage Loan have been fully disbursed to
or for the account of the Mortgagor and there is no obligation for the
Mortgagee to advance additional funds thereunder and any and all
requirements as to completion of any on-site or off-site improvements and
as to disbursements of any escrow funds therefor have been complied with.
All costs fees and expenses incurred in making or closing the Mortgage Loan
and the recording of the Mortgage have been paid, and the Mortgagor is not
entitled to any refund of any amounts paid or due to the Mortgagee pursuant
to the Mortgage Note or Mortgage.
(xii) To the best of the Depositor's knowledge, all parties which
have had any interest in the Mortgage Loan, whether as mortgagee, assignee,
pledgee or otherwise, are (or, during the period in which they held and
disposed of such interest, were) in compliance with any and all applicable
"doing business" and licensing requirements of the laws of the state
wherein the Mortgaged Property is located.
(xiii) The Mortgage Loan is covered by an ALTA lender's title
insurance policy, acceptable to FNMA or FHLMC, issued by a title insurer
acceptable to FNMA or FHLMC and qualified to do business in the
jurisdiction where the Mortgaged Property is located, insuring (subject to
the exceptions contained in (viii)(A) and (B) above) the Seller, its
successors and assigns as to the first priority lien of the Mortgage in the
original principal amount of the Mortgage Loan. The Depositor is the sole
insured of such lender's title insurance policy, and such lender's title
insurance policy is in full force and effect and will be in full force and
effect upon the consummation of the transactions contemplated by this
Agreement. No claims have been made under such lender's title insurance
policy, and the Depositor has not done, by act or omission, anything which
would impair the coverage of such lender's title insurance policy.
(xiv) There is no default, breach, violation or event of
acceleration existing under the Mortgage or the Mortgage Note and no event
which, with the passage of time or with notice and the expiration of any
grace or cure period, would constitute a default, breach, violation or
event of acceleration, and the Seller has not waived any default, breach,
violation or event of acceleration.
(xv) As of the date of origination of the Mortgage Loan, there had
been no mechanics' or similar liens or claims filed for work, labor or
material (and no rights are outstanding that under law could give rise to
such lien) affecting the relating Mortgaged Property which are or may be
liens prior to, or equal or coordinate with, the lien of the related
Mortgage.
(xvi) All improvements which were considered in determining the
Appraised Value of the related Mortgaged Property lay wholly within the
boundaries and building restriction lines of the Mortgaged Property, and no
improvements on adjoining properties encroach upon the Mortgaged Property.
(xvii) The Mortgage Loan was originated by a commercial bank or
similar banking institution which is supervised and examined by a federal
or state authority, or by a mortgagee approved by the Secretary of HUD.
(xviii) Principal payments on the Mortgage Loan commenced no more
than sixty days after the proceeds of the Mortgaged Loan were disbursed.
The Mortgage Loans are 20 to 30-year adjustable rate mortgage loans having
an original term to maturity of not more than 30 years, with interest
payable in arrears on the first day of the month. Each Mortgage Note
requires a monthly payment which is sufficient to fully amortize the
original principal balance over the original term thereof and to pay
interest at the related Mortgage Interest Rate. The Mortgage Note does not
permit negative amortization.
(xix) There is no proceeding pending or, to the Depositor's
knowledge, threatened for the total or partial condemnation of the
Mortgaged Property and such property is in good repair and is undamaged by
waste, fire, earthquake or earth movement, windstorm, flood, tornado or
other casualty, so as to affect adversely the value of the Mortgaged
Property as security for the Mortgage Loan or the use for which the
premises were intended.
(xx) The Mortgage and related Mortgage Note contain customary and
enforceable provisions such as to render the rights and remedies of the
holder thereof adequate for the realization against the Mortgaged Property
of the benefits of the security provided thereby, including (A) in the case
of a Mortgage designated as a deed of trust, by trustee's sale, and (B)
otherwise by judicial foreclosure. To the best of the Depositor's
knowledge, following the date of origination of the Mortgage Loan, the
Mortgaged Property has not been subject to any bankruptcy proceeding or
foreclosure proceeding and the Mortgagor has not filed for protection under
applicable bankruptcy laws. There is no homestead or other exemption or
right available to the Mortgagor or any other person which would interfere
with the right to sell the Mortgaged Property at a trustee's sale or the
right to foreclose the Mortgage.
(xxi) The Mortgage Note and Mortgage are on forms acceptable to FNMA
or FHLMC.
(xxii) The Mortgage Note is not and has not been secured by any
collateral except the lien of the corresponding Mortgage on the Mortgaged
Property and the security interest of any applicable security agreement or
chattel mortgage referred to in (viii) above.
(xxiii) The Mortgage File contains an appraisal of the related
Mortgaged Property, in a form acceptable to FNMA or FHLMC and such
appraisal complies with the requirements of FIRREA, and was made and
signed, prior to the approval of the Mortgage Loan application, by a
Qualified Appraiser.
(xxiv) In the event the Mortgage constitutes a deed of trust, a
trustee, duly qualified under applicable law to serve as such, has been
properly designated and currently so serves, and no fees or expenses are or
will become payable by the Trustee to the trustee under the deed of trust,
except in connection with a trustee's sale after default by the Mortgagor.
(xxv) No Mortgage Loan is a graduated payment mortgage loan, no
Mortgage Loan has a shared appreciation or other contingent interest
feature, and no Mortgage Loan contains any "buydown" provision.
(xxvi) The Mortgagor has received all disclosure materials required
by applicable law with respect to the making of mortgage loans of the same
type as the Mortgage Loan and rescission materials required by applicable
law if the Mortgage Loan is a Refinance Mortgage Loan.
(xxvii) Each Mortgage Loan with a Loan-to-Value Ratio at origination
in excess of 80% will be subject to a Primary Mortgage Insurance Policy,
issued by an insurer acceptable to FNMA or FHLMC, which insures that
portion of the Mortgage Loan in excess of the portion of the Appraised
Value of the Mortgaged Property required by FNMA. All provisions of such
Primary Mortgage Insurance Policy have been and are being complied with,
such policy is in full force and effect, and all premiums due thereunder
have been paid. Any Mortgage subject to any such Primary Mortgage Insurance
Policy obligates the Mortgagor thereunder to maintain such insurance and to
pay all premiums and charges in connection therewith at least until
Loan-to-Value Ratio of such Mortgage Loan is reduced to less than 80%. The
Mortgage Interest Rate for the Mortgage Loan does not include any such
insurance premium.
(xxviii) To the best of the Depositor's knowledge as of the date of
origination of the Mortgage Loan, (A) the Mortgaged Property is lawfully
occupied under applicable law, (B) all inspections, licenses and
certificates required to be made or issued with respect to all occupied
portions of the Mortgaged Property and, with respect to the use and
occupancy of the same, including but not limited to certificates of
occupancy, have been made or obtained from the appropriate authorities and
(C) no improvement located on or part of the Mortgaged Property is in
violation of any zoning law or regulation.
(xxix) The Assignment of Mortgage (except with respect to any
Mortgage that has been recorded in the name of MERS or its designee) is in
recordable form and is acceptable for recording under the laws of the
jurisdiction in which the Mortgaged Property is located.
(xxx) All payments required to be made prior to the Cut-Off Date for
such Mortgage Loan under the terms of the Mortgage Note have been made and
no Mortgage Loan has been more than 30 days delinquent more than once in
the twelve month period immediately prior to the Cut-Off Date.
(xxxi) With respect to each Mortgage Loan, the Depositor or Servicer
is in possession of a complete Mortgage File except for the documents which
have been delivered to the Trustee or which have been submitted for
recording and not yet returned.
(xxxii) Immediately prior to the transfer and assignment
contemplated herein, the Depositor was the sole owner and holder of the
Mortgage Loans. The Mortgage Loans were not assigned or pledged by the
Depositor and the Depositor had good and marketable title thereto, and the
Depositor had full right to transfer and sell the Mortgage Loans to the
Trustee free and clear of any encumbrance, participation interest, lien,
equity, pledge, claim or security interest and had full right and authority
subject to no interest or participation in, or agreement with any other
party to sell or otherwise transfer the Mortgage Loans.
(xxxiii) Any future advances made prior to the Cut-Off Date have
been consolidated with the outstanding principal amount secured by the
Mortgage, and the secured principal amount, as consolidated, bears a single
interest rate and single repayment term. The lien of the Mortgage securing
the consolidated principal amount is expressly insured as having first lien
priority by a title insurance policy, an endorsement to the policy insuring
the mortgagee's consolidated interest or by other title evidence acceptable
to FNMA and FHLMC. The consolidated principal amount does not exceed the
original principal amount of the Mortgage Loan.
(xxxiv) The Mortgage Loan was underwritten in accordance with the
applicable Underwriting Guidelines in effect at the time of origination
with exceptions thereto exercised in a reasonable manner.
(xxxv) If the Mortgage Loan is secured by a long-term residential
lease, (1) the lessor under the lease holds a fee simple interest in the
land; (2) the terms of such lease expressly permit the mortgaging of the
leasehold estate, the assignment of the lease without the lessor's consent
and the acquisition by the holder of the Mortgage of the rights of the
lessee upon foreclosure or assignment in lieu of foreclosure or provide the
holder of the Mortgage with substantially similar protections; (3) the
terms of such lease do not (a) allow the termination thereof upon the
lessee's default without the holder of the Mortgage being entitled to
receive written notice of, and opportunity to cure, such default, (b) allow
the termination of the lease in the event of damage or destruction as long
as the Mortgage is in existence, (c) prohibit the holder of the Mortgage
from being insured (or receiving proceeds of insurance) under the hazard
insurance policy or policies relating to the Mortgaged Property or (d)
permit any increase in the rent other than pre-established increases set
forth in the lease; (4) the original term of such lease in not less than 15
years; (5) the term of such lease does not terminate earlier than five
years after the maturity date of the Mortgage Note; and (6) the Mortgaged
Property is located in a jurisdiction in which the use of leasehold estates
in transferring ownership in residential properties is a widely accepted
practice.
(xxxvi) The Mortgaged Property is located in the state identified in
the Mortgage Loan Schedule and consists of a parcel of real property with a
detached single family residence erected thereon, or a two- to four-family
dwelling, or an individual condominium unit, or an individual unit in a
planned unit development, or, in the case of Mortgage Loans secured by
Co-op Shares, leases or occupancy agreements; provided, however, that any
condominium project or planned unit development generally conforms with the
applicable Underwriting Guidelines regarding such dwellings, and no
residence or dwelling is a mobile home or a manufactured dwelling.
(xxxvii) The Depositor used no adverse selection procedures in
selecting the Mortgage Loan for inclusion in the Trust Estate.
(xxxviii) Each Mortgage Loan is a "qualified mortgage" within
Section 860G(a)(3) of the Code.
(xxxix) With respect to each Mortgage where a lost note affidavit
has been delivered to the Trustee in place of the related Mortgage Note,
the related Mortgage Note is no longer in existence.
Notwithstanding the foregoing, no representations or warranties are
made by the Depositor as to the environmental condition of any Mortgaged
Property; the absence, presence or effect of hazardous wastes or hazardous
substances on any Mortgaged Property; any casualty resulting from the presence
or effect of hazardous wastes or hazardous substances on, near or emanating from
any Mortgaged Property; the impact on Certificateholders of any environmental
condition or presence of any hazardous substance on or near any Mortgaged
Property; or the compliance of any Mortgaged Property with any environmental
laws, nor is any agent, Person or entity otherwise affiliated with the Depositor
authorized or able to make any such representation, warranty or assumption of
liability relative to any Mortgaged Property. In addition, no representations or
warranties are made by the Depositor with respect to the absence or effect of
fraud in the origination of any Mortgage Loan.
It is understood and agreed that the representations and warranties
set forth in this Section 2.04 shall survive delivery of the respective Mortgage
Files to the Trustee or the Custodian and shall inure to the benefit of the
Trustee, notwithstanding any restrictive or qualified endorsement or assignment.
Upon discovery by either the Depositor, the Servicer, the Trustee or
the Custodian that any of the representations and warranties set forth in this
Section 2.04 is not accurate (referred to herein as a "breach") and that such
breach 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 parties (any Custodian being so obligated
under a Custodial Agreement); provided that any such breach that causes the
Mortgage Loan not to be a "qualified mortgage" within the meaning of Section
860G(a)(3) of the Code shall be deemed to materially and adversely affect the
interests of the Certificateholders. Within 90 days of its discovery or its
receipt of notice of any such breach, the Depositor shall cure such breach in
all material respects or shall either (i) repurchase the Mortgage Loan or any
property acquired in respect thereof from the Trustee at a price equal to the
Repurchase Price or (ii) if within two years of the Closing Date, substitute for
such Mortgage Loan in the manner described in Section 2.02; provided that if the
breach would cause the Mortgage Loan to be other than a "qualified mortgage" as
defined in Section 860G(a)(3) of the Code, any such repurchase or substitution
must occur within 90 days from the date the breach was discovered. The
Repurchase Price of any repurchase described in this paragraph and the
Substitution Adjustment Amount, if any, shall be deposited in the Certificate
Account. It is understood and agreed that the obligation of the Depositor to
repurchase or substitute for any Mortgage Loan or Mortgaged Property as to which
such a breach has occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders, or to the Trustee on
behalf of Certificateholders, and such obligation shall survive until
termination of the Trust hereunder.
Section 2.05 Designation of Interests in the REMIC. The Depositor
hereby designates the Classes of Class A Certificates (other than the Class A-R
Certificate) and the Classes of Class B Certificates as classes of "regular
interests" and the Class A-R Certificate as the single class of "residual
interest" in the REMIC for the purposes of Code Sections 860G(a)(1) and
860G(a)(2), respectively.
Section 2.06 Designation of Start-up Day. The Closing Date is hereby
designated as the "start-up day" of the REMIC within the meaning of Section
860G(a)(9) of the Code.
Section 2.07 REMIC Certificate Maturity Date. Solely for purposes of
satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest
possible maturity date" of the regular interests in the REMIC is May 25, 2032.
Section 2.08 Execution and Delivery of Certificates. The Trustee has
executed and delivered to or upon the order of the Depositor, in exchange for
the Mortgage Loans together with all other assets included in the definition of
"Trust Estate," receipt of which is hereby acknowledged, Certificates in
authorized denominations which evidence ownership of the entire Trust Estate.
Section 2.09 Repurchase of Converted Mortgage Loans. The Depositor
shall repurchase from the Trust any Converted Mortgage Loan prior to the first
Due Date for such Mortgage Loan following the Conversion Date. Any such
repurchase shall be at the Repurchase Price. The Repurchase Price for any
repurchased Converted Mortgage Loan shall be deposited by the Depositor in the
Certificate Account and, upon receipt by the Trustee of written notification of
any such deposit signed by an officer of the Depositor, the Trustee shall
release to the Depositor the related Mortgage File and shall execute and deliver
such instruments of transfer or assignment prepared by the Depositor, in each
case without recourse, as shall be necessary to vest in the Depositor legal and
beneficial ownership of such Converted Mortgage Loan.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01 Servicer to Service Mortgage Loans. For and on behalf
of the Certificateholders, the Servicer shall service and administer the
Mortgage Loans, all in accordance with the terms of this Agreement, Customary
Servicing Procedures, applicable law and the terms of the Mortgage Notes and
Mortgages. In connection with such servicing and administration, the Servicer
shall have full power and authority, acting alone and/or through Subservicers as
provided in Section 3.02, to do or cause to be done any and all things that it
may deem necessary or desirable in connection with such servicing and
administration including, but not limited to, the power and authority, subject
to the terms hereof, (a) to execute and deliver, on behalf of the
Certificateholders and the Trustee, customary consents or waivers and other
instruments and documents, (b) to consent, with respect to the Mortgage Loans it
services, to transfers of any Mortgaged Property and assumptions of the Mortgage
Notes and related Mortgages (but only in the manner provided in this Agreement),
(c) to collect any Insurance Proceeds and other Liquidation Proceeds relating to
the Mortgage Loans it services, and (d) to effectuate foreclosure or other
conversion of the ownership of the Mortgaged Property securing any Mortgage Loan
it services. The Servicer shall represent and protect the interests of the Trust
in the same manner as it protects its own interests in mortgage loans in its own
portfolio in any claim, proceeding or litigation regarding a Mortgage Loan and
shall not make or permit any modification, waiver or amendment of any term of
any Mortgage Loan, except as provided pursuant to Section 3.21. Without limiting
the generality of the foregoing, the Servicer, in its own name or in the name of
any Subservicer or the Depositor and the Trustee, is hereby authorized and
empowered by the Depositor and the Trustee, when the Servicer or any
Subservicer, as the case may be, believes it appropriate in its reasonable
judgment, to execute and deliver, on behalf of the Trustee, the Depositor, the
Certificateholders or any of them, any and all instruments of satisfaction or
cancellation, or of partial or full release or discharge, and all other
comparable instruments, with respect to the Mortgage Loans it services, and with
respect to the related Mortgaged Properties held for the benefit of the
Certificateholders. The Servicer shall prepare and deliver to the Depositor
and/or the Trustee such documents requiring execution and delivery by either or
both of them as are necessary or appropriate to enable the Servicer to service
and administer the Mortgage Loans it services to the extent that the Servicer is
not permitted to execute and deliver such documents pursuant to the preceding
sentence. Upon receipt of such documents, the Depositor and/or the Trustee, upon
the direction of the Servicer, shall promptly execute such documents and deliver
them to the Servicer.
In accordance with the standards of the preceding paragraph, the
Servicer shall advance or cause to be advanced funds as necessary for the
purpose of effecting the payment of taxes and assessments on the Mortgaged
Properties relating to the Mortgage Loans it services, which Servicing Advances
shall be reimbursable in the first instance from related collections from the
Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11.
The costs incurred by the Servicer, if any, in effecting the timely payments of
taxes and assessments on the Mortgaged Properties and related insurance premiums
shall not, for the purpose of calculating monthly distributions to the
Certificateholders, be added to the Stated Principal Balances of the related
Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.
The relationship of the Servicer (and of any successor to the
Servicer 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.
Section 3.02 Subservicing; Enforcement of the Obligations of
Servicer.
(a) The Servicer may arrange for the subservicing of any Mortgage
Loan it services by a Subservicer pursuant to a Subservicing Agreement;
provided, however, that such subservicing arrangement and the terms of the
related Subservicing Agreement must provide for the servicing of such Mortgage
Loan in a manner consistent with the servicing arrangements contemplated
hereunder. Notwithstanding the provisions of any Subservicing Agreement, any of
the provisions of this Agreement relating to agreements or arrangements between
the Servicer and a Subservicer or reference to actions taken through a
Subservicer or otherwise, the Servicer shall remain obligated and liable to the
Depositor, the Trustee and the Certificateholders for the servicing and
administration of the Mortgage Loans it services in accordance with the
provisions of this Agreement without diminution of such obligation or liability
by virtue of such Subservicing Agreements or arrangements or by virtue of
indemnification from the Subservicer and to the same extent and under the same
terms and conditions as if the Servicer alone were servicing and administering
those Mortgage Loans. All actions of each Subservicer performed pursuant to the
related Subservicing Agreement shall be performed as agent of the Servicer with
the same force and effect as if performed directly by the Servicer.
(b) For purposes of this Agreement, the Servicer shall be deemed to
have received any collections, recoveries or payments with respect to the
Mortgage Loans it services that are received by a Subservicer regardless of
whether such payments are remitted by the Subservicer to the Servicer.
(c) As part of its servicing activities hereunder, the Servicer, for
the benefit of the Trustee and the Certificateholders, shall use its best
reasonable efforts to enforce the obligations of each Subservicer engaged by the
Servicer under the related Subservicing Agreement, to the extent that the
non-performance of any such obligation would have a material and adverse effect
on a Mortgage Loan. Such enforcement, including, without limitation, the legal
prosecution of claims, termination of Subservicing Agreements and the pursuit of
other appropriate remedies, shall be in such form and carried out to such an
extent and at such time as the Servicer, in its good faith business judgment,
would require were it the owner of the related Mortgage Loans. The Servicer
shall pay the costs of such enforcement at its own expense, and shall be
reimbursed therefor only (i) from a general recovery resulting from such
enforcement to the extent, if any, that such recovery exceeds all amounts due in
respect of the related Mortgage Loan or (ii) from a specific recovery of costs,
expenses or attorneys fees against the party against whom such enforcement is
directed.
(d) Any Subservicing Agreement entered into by the Servicer shall
provide that it may be assumed or terminated by the Trustee, if the Trustee has
assumed the duties of the Servicer, or any successor Servicer, at the Trustee's
or successor Servicer's option, as applicable, without cost or obligation to the
assuming or terminating party or the Trust Estate, upon the assumption by such
party of the obligations of the Servicer pursuant to Section 8.05.
Any Subservicing Agreement, and any other transactions or services
relating to the Mortgage Loans involving a Subservicer, shall be deemed to be
between the Servicer and such Subservicer alone, and the Trustee and the
Certificateholders shall not be deemed parties thereto and shall have no claims
or rights of action against, rights, obligations, duties or liabilities to or
with respect to the Subservicer or its officers, directors or employees, except
as set forth in Section 3.01.
Section 3.03 Fidelity Bond; Errors and Omissions Insurance.
The Servicer shall maintain, at its own expense, a blanket fidelity
bond and an errors and omissions insurance policy, with broad coverage on all
officers, employees or other persons acting in any capacity requiring such
persons to handle funds, money, documents or papers relating to the Mortgage
Loans it services. These policies must insure the Servicer against losses
resulting from dishonest or fraudulent acts committed by the Servicer's
personnel, any employees of outside firms that provide data processing services
for the Servicer, and temporary contract employees or student interns. Such
fidelity bond shall also protect and insure the Servicer against losses in
connection with the release or satisfaction of a Mortgage Loan without having
obtained payment in full of the indebtedness secured thereby. No provision of
this Section 3.03 requiring such fidelity bond and errors and omissions
insurance shall diminish or relieve the Servicer from its duties and obligations
as set forth in this Agreement. The minimum coverage under any such bond and
insurance policy shall be at least equal to the corresponding amounts required
by FNMA in the FNMA Servicing Guide or by FHLMC in the FHLMC Sellers' &
Servicers' Guide, as amended or restated from time to time, or in an amount as
may be permitted to the Servicer by express waiver of FNMA or FHLMC.
Section 3.04 Access to Certain Documentation.
The Servicer shall provide to the OTS and the FDIC and to comparable
regulatory authorities supervising Holders of Subordinate Certificates and the
examiners and supervisory agents of the OTS, the FDIC and such other
authorities, access to the documentation required by applicable regulations of
the OTS and the FDIC with respect to the Mortgage Loans. Such access shall be
afforded without charge, but only upon reasonable and prior written request and
during normal business hours at the offices designated by the Servicer. Nothing
in this Section 3.04 shall limit the obligation of the Servicer to observe any
applicable law and the failure of the Servicer to provide access as provided in
this Section 3.04 as a result of such obligation shall not constitute a breach
of this Section 3.04.
Section 3.05 Maintenance of Primary Mortgage Insurance Policy;
Claims.
With respect to each Mortgage Loan with a Loan-to-Value Ratio in
excess of 80% or such other Loan-to-Value Ratio as may be required by law, the
Servicer responsible for servicing such Mortgage Loan shall, without any cost to
the Trust Estate, maintain or cause the Mortgagor to maintain in full force and
effect a Primary Mortgage Insurance Policy insuring that portion of the Mortgage
Loan in excess of a percentage in conformity with FNMA requirements. The
Servicer shall pay or shall cause the Mortgagor to pay the premium thereon on a
timely basis, at least until the Loan-to-Value Ratio of such Mortgage Loan is
reduced to 80% or such other Loan-to-Value Ratio as may be required by law. If
such Primary Mortgage Insurance Policy is terminated, the Servicer shall obtain
from another insurer a comparable replacement policy, with a total coverage
equal to the remaining coverage of such terminated Primary Mortgage Insurance
Policy. If the insurer shall cease to be an insurer acceptable to FNMA, the
Servicer shall notify the Trustee in writing, it being understood that the
Servicer shall not have any responsibility or liability for any failure to
recover under the Primary Mortgage Insurance Policy for such reason. If the
Servicer determines that recoveries under the Primary Mortgage Insurance Policy
are jeopardized by the financial condition of the insurer, the Servicer shall
obtain from another insurer which meets the requirements of this Section 3.05 a
replacement insurance policy. The Servicer shall not take any action that would
result in noncoverage under any applicable Primary Mortgage Insurance Policy of
any loss that, but for the actions of the Servicer, would have been covered
thereunder. In connection with any assumption or substitution agreement entered
into or to be entered into pursuant to Section 3.13, the Servicer shall promptly
notify the insurer under the related Primary Mortgage Insurance Policy, if any,
of such assumption or substitution of liability in accordance with the terms of
such Primary Mortgage Insurance Policy and shall take all actions which may be
required by such insurer as a condition to the continuation of coverage under
such Primary Mortgage Insurance Policy. If such Primary Mortgage Insurance
Policy is terminated as a result of such assumption or substitution of
liability, the Servicer shall obtain a replacement Primary Mortgage Insurance
Policy as provided above.
In connection with its activities as servicer, the Servicer agrees
to prepare and present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under any Primary Mortgage Insurance
Policy in a timely fashion in accordance with the terms of such Primary Mortgage
Insurance Policy and, in this regard, to take such action as shall be necessary
to permit recovery under any Primary Mortgage Insurance Policy respecting a
defaulted Mortgage Loan. Pursuant to Section 3.09(a), any amounts collected by
the Servicer under any Primary Mortgage Insurance Policy shall be deposited in
the related Escrow Account, subject to withdrawal pursuant to Section 3.09(b).
The Servicer will comply with all provisions of applicable state and
federal law relating to the cancellation of, or collection of premiums with
respect to, Primary Mortgage Insurance, including, but not limited to, the
provisions of the Homeowners Protection Act of 1998, and all regulations
promulgated thereunder, as amended from time to time.
Section 3.06 Rights of the Depositor and the Trustee in Respect of
the Servicer.
The Depositor may, but is not obligated to, enforce the obligations
of the Servicer hereunder and may, but is not obligated to, perform, or cause a
designee to perform, any defaulted obligation of the Servicer hereunder and in
connection with any such defaulted obligation to exercise the related rights of
the Servicer hereunder; provided that the Servicer shall not be relieved of any
of its obligations hereunder by virtue of such performance by the Depositor or
its designee. Neither the Trustee nor the Depositor shall have any
responsibility or liability for any action or failure to act by the Servicer nor
shall the Trustee or the Depositor be obligated to supervise the performance of
the Servicer hereunder or otherwise.
Any Subservicing Agreement that may be entered into and any
transactions or services relating to the Mortgage Loans involving a Subservicer
in its capacity as such shall be deemed to be between the Subservicer and the
Servicer alone, and the Trustee and Certificateholders shall not be deemed
parties thereto and shall have no claims, rights, obligations, duties or
liabilities with respect to the Subservicer except as set forth in Section 3.07.
The Servicer shall be solely liable for all fees owed by it to any Subservicer,
irrespective of whether the Servicer's compensation pursuant to this Agreement
is sufficient to pay such fees.
Section 3.07 Trustee to Act as Servicer.
If the Servicer shall for any reason no longer be the Servicer
hereunder (including by reason of an Event of Default), the Trustee shall
thereupon assume, if it so elects, or shall appoint a successor Servicer to
assume, all of the rights and obligations of the Servicer hereunder arising
thereafter (except that the Trustee shall not be (a) liable for losses of the
Servicer pursuant to Section 3.12 or any acts or omissions of the predecessor
Servicer hereunder, (b) obligated to make Advances if it is prohibited from
doing so by applicable law or (c) deemed to have made any representations and
warranties of the Servicer hereunder). Any such assumption shall be subject to
Section 7.02. If the Servicer shall for any reason no longer be the Servicer
(including by reason of any Event of Default), the Trustee or the successor
Servicer may elect to succeed to any rights and obligations of the Servicer
under each Subservicing Agreement or may terminate each Subservicing Agreement.
If it has elected to assume the Subservicing Agreement, the Trustee or the
successor Servicer shall be deemed to have assumed all of the Servicer's
interest therein and to have replaced the Servicer as a party to any
Subservicing Agreement entered into by the Servicer as contemplated by Section
3.02 to the same extent as if the Subservicing Agreement had been assigned to
the assuming party except that the Servicer shall not be relieved of any
liability or obligations under any such Subservicing Agreement.
The Servicer that is no longer the Servicer hereunder shall, upon
request of the Trustee, but at the expense of the Servicer, deliver to the
assuming party all documents and records relating to each Subservicing Agreement
or substitute servicing agreement and the Mortgage Loans then being serviced
thereunder and an accounting of amounts collected or held by it and otherwise
use its best efforts to effect the orderly and efficient transfer of such
substitute Subservicing Agreement to the assuming party.
Section 3.08 Collection of Mortgage Loan Payments; Servicer
Custodial Account; and Certificate Account.
(a) Continuously from the date hereof until the principal and
interest on all Mortgage Loans are paid in full, the Servicer will proceed
diligently, in accordance with this Agreement, to collect all payments due under
each of the Mortgage Loans it services when the same shall become due and
payable. Further, the Servicer will in accordance with all applicable law and
Customary Servicing Procedures ascertain and estimate taxes, assessments, fire
and hazard insurance premiums, mortgage insurance premiums and all other charges
with respect to the Mortgage Loans it services that, as provided in any
Mortgage, will become due and payable to the end that the installments payable
by the Mortgagors will be sufficient to pay such charges as and when they become
due and payable. Consistent with the foregoing, the Servicer may in its
discretion (i) waive any late payment charge or any prepayment charge or penalty
interest in connection with the prepayment of a Mortgage Loan it services and
(ii) extend the due dates for payments due on a Mortgage Note for a period not
greater than 120 days; provided, however, that the Servicer cannot extend the
maturity of any such Mortgage Loan past the date on which the final payment is
due on the latest maturing Mortgage Loan as of the Cut-Off Date. In the event of
any such arrangement, the Servicer shall make Periodic Advances on the related
Mortgage Loan in accordance with the provisions of Section 3.20 during the
scheduled period in accordance with the amortization schedule of such Mortgage
Loan without modification thereof by reason of such arrangements. The Servicer
shall not be required to institute or join in litigation with respect to
collection of any payment (whether under a Mortgage, Mortgage Note or otherwise
or against any public or governmental authority with respect to a taking or
condemnation) if it reasonably believes that enforcing the provision of the
Mortgage or other instrument pursuant to which such payment is required is
prohibited by applicable law.
(b) The Servicer shall establish and maintain the Servicer Custodial
Account. The Servicer shall deposit or cause to be deposited into the Servicer
Custodial Account, all on a daily basis within one Business Day of receipt,
except as otherwise specifically provided herein, the following payments and
collections remitted by Subservicers or received by the Servicer in respect of
the Mortgage Loans subsequent to the Cut-Off Date (other than in respect of
principal and interest due on the Mortgage Loans on or before the Cut-Off Date)
and the following amounts required to be deposited hereunder with respect to the
Mortgage Loans it services:
(i) all payments on account of principal of the Mortgage Loans,
including Principal Prepayments;
(ii) all payments on account of interest on the Mortgage Loans, net
of the Servicing Fee;
(iii) (A) all Insurance Proceeds and Liquidation Proceeds, other
than Insurance Proceeds to be (1) applied to the restoration or repair of
the Mortgaged Property, (2) released to the Mortgagor in accordance with
Customary Servicing Procedures or (3) required to be deposited to an Escrow
Account pursuant to Section 3.09(a) and (B) any Insurance Proceeds released
from an Escrow Account pursuant to Section 3.09(b)(iv);
(iv) any amount required to be deposited by the Servicer pursuant to
Section 3.08(d) in connection with any losses on Permitted Investments with
respect to the Servicer Custodial Account;
(v) any amounts required to be deposited by the Servicer pursuant to
Section 3.14;
(vi) all Repurchase Prices and all Substitution Adjustment Amounts
received by the Servicer;
(vii) Periodic Advances made by the Servicer pursuant to Section
3.20 and any payments of Compensating Interest; and
(viii) any other amounts required to be deposited hereunder.
The foregoing requirements for deposits to the Servicer Custodial
Account by the Servicer shall be exclusive, it being understood and agreed that,
without limiting the generality of the foregoing, payments in the nature of
prepayment penalties, late payment charges or assumption fees, if collected,
need not be deposited by the Servicer. If the Servicer shall deposit in the
Servicer Custodial Account any amount not required to be deposited, it may at
any time withdraw or direct the institution maintaining the Servicer Custodial
Account to withdraw such amount from the Servicer Custodial Account, any
provision herein to the contrary notwithstanding. The Servicer Custodial Account
may contain funds that belong to one or more trust funds created for mortgage
pass-through certificates of other series and may contain other funds respecting
payments on mortgage loans belonging to the Servicer or serviced by the Servicer
on behalf of others. Notwithstanding such commingling of funds, the Servicer
shall keep records that accurately reflect the funds on deposit in the Servicer
Custodial Account that have been identified by it as being attributable to the
Mortgage Loans it services. The Servicer shall maintain adequate records with
respect to all withdrawals made pursuant to this Section 3.08. All funds
required to be deposited in the Servicer Custodial Account shall be held in
trust for the Certificateholders until withdrawn in accordance with Section
3.11.
(c) The Trustee shall establish and maintain, on behalf of the
Certificateholders, the Certificate Account. The Trustee shall, promptly upon
receipt, deposit in the Certificate Account and retain therein the following:
(i) the aggregate amount remitted by the Servicer to the Trustee
pursuant to Section 3.11(a)(viii);
(ii) any amount paid by the Trustee pursuant to Section 3.08(d) in
connection with any losses on Permitted Investments with respect to the
Certificate Account; and
(iii) any other amounts deposited hereunder which are required to be
deposited in the Certificate Account.
If the Servicer shall remit any amount not required to be remitted,
it may at any time direct the Trustee to withdraw such amount from the
Certificate Account, any provision herein to the contrary notwithstanding. Such
direction may be accomplished by delivering an Officer's Certificate to the
Trustee which describes the amounts deposited in error in the Certificate
Account. All funds required to be deposited in the Certificate Account shall be
held by the Trustee in trust for the Certificateholders until disbursed in
accordance with this Agreement or withdrawn in accordance with Section 3.11. In
no event shall the Trustee incur liability for withdrawals from the Certificate
Account at the direction of a the Servicer.
(d) Each institution at which the Servicer Custodial Account or the
Certificate Account is maintained shall invest the funds therein as directed in
writing by the Servicer in Permitted Investments, which shall mature not later
than (i) in the case of the Servicer Custodial Account, the Business Day next
preceding the related Remittance Date (except that if such Permitted Investment
is an obligation of the institution that maintains such account, then such
Permitted Investment shall mature not later than such Remittance Date) and (ii)
in the case of the Certificate Account, the Business Day next preceding the
Distribution Date (except that if such Permitted Investment is an obligation of
the institution that maintains such account, then such Permitted Investment
shall mature not later than such Distribution Date) and, in each case, shall not
be sold or disposed of prior to its maturity. All such Permitted Investments
shall be made in the name of the Trustee, for the benefit of the
Certificateholders. All income or gain (net of any losses) realized from any
such investment of funds on deposit in the Servicer Custodial Account shall be
for the benefit of the Servicer as servicing compensation and shall be retained
by it monthly as provided herein. All income or gain (net of any losses)
realized from any such investment of funds on deposit in the Certificate Account
shall be for the benefit of the Trustee as additional compensation and shall be
retained by it monthly as provided herein. The amount of any losses realized in
the Servicer Custodial Account or the Certificate Account incurred in any such
account in respect of any such investments shall promptly be deposited by the
Servicer in the Servicer Custodial Account or by the Trustee in the Certificate
Account, as applicable.
(e) The Servicer shall give notice to the Trustee of any proposed
change of the location of the Servicer Custodial Account maintained by the
Servicer not later than 30 days and not more than 45 days prior to any change
thereof. The Trustee shall give notice to the Servicer, each Rating Agency and
the Depositor of any proposed change of the location of the Certificate Account
not later than 30 days and not more than 45 days prior to any change thereof.
The creation of the Servicer Custodial Account shall be evidenced by a
certification substantially in the form of Exhibit F hereto. A copy of such
certification shall be furnished to the Trustee.
Section 3.09 Collection of Taxes, Assessments and Similar Items;
Escrow Accounts.
(a) To the extent required by the related Mortgage Note and not
violative of current law, the Servicer shall segregate and hold all funds
collected and received pursuant to each Mortgage Loan which constitute Escrow
Payments in trust separate and apart from any of its own funds and general
assets and for such purpose shall establish and maintain one or more escrow
accounts (collectively, the "Escrow Account"), titled "[Insert name of
Servicer], in trust for registered holders of Bank of America Mortgage
Securities, Inc. Mortgage Pass-Through Certificates, Series 2002-C and various
Mortgagors." The Escrow Account shall be established with a commercial bank, a
savings bank or a savings and loan association that meets the guidelines set
forth by FNMA or FHLMC as an eligible institution for escrow accounts and which
is a member of the Automated Clearing House. In any case, the Escrow Account
shall be insured by the FDIC to the fullest extent permitted by law. The
Servicer shall deposit in the appropriate Escrow Account on a daily basis, and
retain therein: (i) all Escrow Payments collected on account of the Mortgage
Loans, (ii) all amounts representing proceeds of any hazard insurance policy
which are to be applied to the restoration or repair of any related Mortgaged
Property and (iii) all amounts representing proceeds of any Primary Mortgage
Insurance Policy. Nothing herein shall require the Servicer to compel a
Mortgagor to establish an Escrow Account in violation of applicable law.
(b) Withdrawals of amounts so collected from the Escrow Accounts may
be made by the Servicer only (i) to effect timely payment of taxes, assessments,
mortgage insurance premiums, fire and hazard insurance premiums, condominium or
PUD association dues, or comparable items constituting Escrow Payments for the
related Mortgage, (ii) to reimburse the Servicer out of related Escrow Payments
made with respect to a Mortgage Loan for any Servicing Advance made by the
Servicer pursuant to Section 3.09(c) with respect to such Mortgage Loan, (iii)
to refund to any Mortgagor any sums determined to be overages, (iv) for transfer
to the Servicer Custodial Account upon default of a Mortgagor or in accordance
with the terms of the related Mortgage Loan and if permitted by applicable law,
(v) for application to restore or repair the Mortgaged Property, (vi) to pay to
the Mortgagor, to the extent required by law, any interest paid on the funds
deposited in the Escrow Account, (vii) to pay to itself any interest earned on
funds deposited in the Escrow Account (and not required to be paid to the
Mortgagor), (viii) to the extent permitted under the terms of the related
Mortgage Note and applicable law, to pay late fees with respect to any Monthly
Payment which is received after the applicable grace period, (ix) to withdraw
suspense payments that are deposited into the Escrow Account, (x) to withdraw
any amounts inadvertently deposited in the Escrow Account or (xi) to clear and
terminate the Escrow Account upon the termination of this Agreement in
accordance with Section 10.01. Any Escrow Account shall not be a part of the
Trust Estate.
(c) With respect to each Mortgage Loan, the Servicer shall maintain
accurate records reflecting the status of taxes, assessments and other charges
which are or may become a lien upon the Mortgaged Property and the status of
Primary Mortgage Insurance Policy premiums and fire and hazard insurance
coverage. The Servicer shall obtain, from time to time, all bills for the
payment of such charges (including renewal premiums) and shall effect payment
thereof prior to the applicable penalty or termination date and at a time
appropriate for securing maximum discounts allowable, employing for such purpose
deposits of the Mortgagor in the Escrow Account, if any, which shall have been
estimated and accumulated by the Servicer in amounts sufficient for such
purposes, as allowed under the terms of the Mortgage. To the extent that a
Mortgage does not provide for Escrow Payments, the Servicer shall determine that
any such payments are made by the Mortgagor. The Servicer assumes full
responsibility for the timely payment of all such bills and shall effect timely
payments of all such bills irrespective of each Mortgagor's faithful performance
in the payment of same or the making of the Escrow Payments. The Servicer shall
advance any such payments that are not timely paid, but the Servicer shall be
required so to advance only to the extent that such Servicing Advances, in the
good faith judgment of the Servicer, will be recoverable by the Servicer out of
Insurance Proceeds, Liquidation Proceeds or otherwise.
Section 3.10 Access to Certain Documentation and Information
Regarding the Mortgage Loans.
The Servicer shall afford the Trustee reasonable access to all
records and documentation regarding the Mortgage Loans and all accounts,
insurance information and other matters relating to this Agreement, such access
being afforded without charge, but only upon reasonable request and during
normal business hours at the office designated by the Servicer.
Upon reasonable advance notice in writing, the Servicer will provide
to each Certificateholder which is a savings and loan association, bank or
insurance company certain reports and reasonable access to information and
documentation regarding the Mortgage Loans sufficient to permit such
Certificateholder to comply with applicable regulations of the OTS or other
regulatory authorities with respect to investment in the Certificates; provided
that the Servicer shall be entitled to be reimbursed by each such
Certificateholder for actual expenses incurred by the Servicer in providing such
reports and access.
Section 3.11 Permitted Withdrawals from the Servicer Custodial Account
and Certificate Account.
(a) The Servicer may from time to time make withdrawals from the
Servicer Custodial Account, for the following purposes:
(i) to pay to the Servicer (to the extent not previously retained),
the servicing compensation to which it is entitled pursuant to Section
3.17, and to pay to the Servicer, as additional servicing compensation,
earnings on or investment income with respect to funds in or credited to
the Servicer Custodial Account;
(ii) to reimburse the Servicer for unreimbursed Advances made by it,
such right of reimbursement pursuant to this clause (ii) being limited to
amounts received on the Mortgage Loan(s) in respect of which any such
Advance was made;
(iii) to reimburse the Servicer for any Nonrecoverable Advance
previously made;
(iv) to reimburse the Servicer for Insured Expenses from the related
Insurance Proceeds;
(v) to pay to the purchaser, with respect to each Mortgage Loan or
REO Property that has been purchased pursuant to Sections 2.02, 2.04 or
2.09, all amounts received thereon after the date of such purchase;
(vi) to reimburse the Servicer or the Depositor for expenses
incurred by any of them and reimbursable pursuant to Section 7.03;
(vii) to withdraw any amount deposited in the Servicer Custodial
Account and not required to be deposited therein;
(viii) on or prior to the Remittance Date, to withdraw an amount
equal to the related Pool Distribution Amount, the related Trustee Fee and
any other amounts due to the Trustee under this Agreement for such
Distribution Date, to the extent on deposit, and remit such amount in
immediately available funds to the Trustee for deposit in the Certificate
Account; and
(ix) to clear and terminate the Servicer Custodial Account upon
termination of this Agreement pursuant to Section 10.01.
The Servicer shall keep and maintain separate accounting, on a
Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any
withdrawal from the Servicer Custodial Account pursuant to clauses (i), (ii),
(iv) and (v). Prior to making any withdrawal from the Servicer Custodial Account
pursuant to clause (iii), the Servicer shall deliver to the Trustee an Officer's
Certificate of a Servicing Officer indicating the amount of any previous Advance
determined by the Servicer to be a Nonrecoverable Advance and identifying the
related Mortgage Loan(s) and their respective portions of such Nonrecoverable
Advance.
(b) The Trustee shall withdraw funds from the Certificate Account
for distributions to Certificateholders in the manner specified in this
Agreement. In addition, the Trustee may from time to time make withdrawals from
the Certificate Account for the following purposes:
(i) to pay to itself the Trustee Fee and any other amounts due to
the Trustee under this Agreement for the related Distribution Date;
(ii) to pay to itself as additional compensation earnings on or
investment income with respect to funds in the Certificate Account;
(iii) to withdraw and return to the Servicer any amount deposited in
the Certificate Account and not required to be deposited therein; and
(iv) to clear and terminate the Certificate Account upon termination
of the Agreement pursuant to Section 10.01.
Section 3.12 Maintenance of Hazard Insurance.
The Servicer shall cause to be maintained for each Mortgage Loan,
fire and hazard insurance with extended coverage customary in the area where the
Mortgaged Property is located in an amount which is at least equal to the lesser
of (a) the full insurable value of the Mortgaged Property or (b) the greater of
(i) the outstanding principal balance owing on the Mortgage Loan and (ii) an
amount such that the proceeds of such insurance shall be sufficient to avoid the
application to the Mortgagor or loss payee of any coinsurance clause under the
policy. If the Mortgaged Property is in an area identified in the Federal
Register by the Federal Emergency Management Agency as having special flood
hazards (and such flood insurance has been made available) the Servicer will
cause to be maintained a flood insurance policy meeting the requirements of the
current guidelines of the Federal Insurance Administration and the requirements
of FNMA or FHLMC. The Servicer shall also maintain on REO Property, fire and
hazard insurance with extended coverage in an amount which is at least equal to
the maximum insurable value of the improvements which are a part of such
property, liability insurance and, to the extent required, flood insurance in an
amount required above. Any amounts collected by the Servicer under any such
policies (other than amounts to be deposited in an Escrow Account and applied to
the restoration or repair of the property subject to the related Mortgage or
property acquired in liquidation of the Mortgage Loan, or to be released to the
Mortgagor in accordance with Customary Servicing Procedures) shall be deposited
in the Servicer Custodial Account, subject to withdrawal pursuant to Section
3.11(a). It is understood and agreed that no earthquake or other additional
insurance need be required by the Servicer of any Mortgagor or maintained on REO
Property, other than pursuant to such applicable laws and regulations as shall
at any time be in force and as shall require such additional insurance. All
policies required hereunder shall be endorsed with standard mortgagee clauses
with loss payable to the Servicer, and shall provide for at least 30 days prior
written notice of any cancellation, reduction in amount or material change in
coverage to the Servicer.
The hazard insurance policies for each Mortgage Loan secured by a
unit in a condominium development or planned unit development shall be
maintained with respect to such Mortgage Loan and the related development in a
manner which is consistent with FNMA requirements.
Notwithstanding the foregoing, the Servicer may maintain a blanket
policy insuring against hazard losses on all of the Mortgaged Properties
relating to the Mortgage Loans in lieu of maintaining the required hazard
insurance policies for each Mortgage Loan and may maintain a blanket policy
insuring against special flood hazards in lieu of maintaining any required flood
insurance. Any such blanket policies shall (A) be consistent with prudent
industry standards, (B) name the Servicer as loss payee, (C) provide coverage in
an amount equal to the aggregate unpaid principal balance on the related
Mortgage Loans without co-insurance, and (D) otherwise comply with the
requirements of this Section 3.12. Any such blanket policy may contain a
deductible clause; provided that if any Mortgaged Property is not covered by a
separate policy otherwise complying with this Section 3.12 and a loss occurs
with respect to such Mortgaged Property which loss would have been covered by
such a policy, the Servicer shall deposit in the Servicer Custodial Account the
difference, if any, between the amount that would have been payable under a
separate policy complying with this Section 3.12 and the amount paid under such
blanket policy.
Section 3.13 Enforcement of Due-On-Sale Clauses; Assumption
Agreements.
(a) Except as otherwise provided in this Section 3.13, when any
Mortgaged Property subject to a Mortgage has been conveyed by the Mortgagor, the
Servicer shall use reasonable efforts, to the extent that it has actual
knowledge of such conveyance, to enforce any due-on-sale clause contained in any
Mortgage Note or Mortgage, to the extent permitted under applicable law and
governmental regulations, but only to the extent that such enforcement will not
adversely affect or jeopardize coverage under any Required Insurance Policy.
Notwithstanding the foregoing, the Servicer is not required to exercise such
rights with respect to a Mortgage Loan if the Person to whom the related
Mortgaged Property has been conveyed or is proposed to be conveyed satisfies the
terms and conditions contained in the Mortgage Note and Mortgage related thereto
and the consent of the mortgagee under such Mortgage Note or Mortgage is not
otherwise required under such Mortgage Note or Mortgage as a condition to such
transfer. If (i) the Servicer is prohibited by law from enforcing any such
due-on-sale clause, (ii) coverage under any Required Insurance Policy would be
adversely affected, (iii) the Mortgage Note does not include a due-on-sale
clause or (iv) nonenforcement is otherwise permitted hereunder, the Servicer is
authorized, subject to Section 3.13(b), to take or enter into an assumption and
modification agreement from or with the Person to whom such Mortgaged Property
has been or is about to be conveyed, pursuant to which such Person becomes
liable under the Mortgage Note and, unless prohibited by applicable state law,
the Mortgagor remains liable thereon; provided that the Mortgage Loan shall
continue to be covered (if so covered before the Servicer enters such agreement)
by the applicable Required Insurance Policies. The Servicer, subject to Section
3.13(b), is also authorized with the prior approval of the insurers under any
Required Insurance Policies to enter into a substitution of liability agreement
with such Person, pursuant to which the original Mortgagor is released from
liability and such Person is substituted as Mortgagor and becomes liable under
the Mortgage Note. Notwithstanding the foregoing, the Servicer shall not be
deemed to be in default under this Section 3.13 by reason of any transfer or
assumption which the Servicer reasonably believes it is restricted by law from
preventing, for any reason whatsoever.
(b) Subject to the Servicer's duty to enforce any due-on-sale clause
to the extent set forth in Section 3.13(a), in any case in which a Mortgaged
Property has been conveyed to a Person by a Mortgagor, and such Person is to
enter into an assumption agreement or modification agreement or supplement to
the Mortgage Note or Mortgage that requires the signature of the Trustee, or if
an instrument of release signed by the Trustee is required releasing the
Mortgagor from liability on the Mortgage Loan, the Servicer shall prepare and
deliver or cause to be prepared and delivered to the Trustee for signature and
shall direct, in writing, the Trustee to execute the assumption agreement with
the Person to whom the Mortgaged Property is to be conveyed and such
modification agreement or supplement to the Mortgage Note or Mortgage or other
instruments as are reasonable or necessary to carry out the terms of the
Mortgage Note or Mortgage or otherwise to comply with any applicable laws
regarding assumptions or the transfer of the Mortgaged Property to such Person.
In no event shall the Trustee incur liability for executing any document under
this Section 3.13 at the direction of the Servicer. In connection with any such
assumption, no material term of the Mortgage Note may be changed. In addition,
the substitute Mortgagor and the Mortgaged Property must be acceptable to the
Servicer in accordance with its underwriting standards as then in effect.
Together with each such substitution, assumption or other agreement or
instrument delivered to the Trustee for execution by it, the Servicer shall
deliver an Officer's Certificate signed by a Servicing Officer stating that the
requirements of this subsection have been met. The Servicer shall notify the
Trustee that any such substitution or assumption agreement has been completed by
forwarding to the Trustee (or at the direction of the Trustee, the Custodian)
the original of such substitution or assumption agreement, which in the case of
the original shall be added 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. Any fee collected
by the Servicer for entering into an assumption or substitution of liability
agreement may be retained by the Servicer as additional master servicing
compensation. Notwithstanding the foregoing, to the extent permissible under
applicable law and at the request of the Servicer, the Trustee shall execute and
deliver to the Servicer any powers of attorney and other documents prepared by
the Servicer that are reasonably necessary or appropriate to enable the Servicer
to execute any assumption agreement or modification agreement required to be
executed by the Trustee under this Section 3.13.
Section 3.14 Realization Upon Defaulted Mortgage Loans; REO
Property.
(a) The Servicer shall use reasonable efforts to foreclose upon or
otherwise comparably convert the ownership of Mortgaged 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. In
connection with such foreclosure or other conversion, the Servicer shall follow
Customary Servicing Procedures and shall meet the requirements of the insurer
under any Required Insurance Policy; provided, however, that the Servicer may
enter into a special servicing agreement with an unaffiliated Holder of 100%
Percentage Interest of a Class of Class B Certificates or a holder of a class of
securities representing interests in the Class B Certificates alone or together
with other subordinated mortgage pass-through certificates. Such agreement shall
be substantially in the form attached hereto as Exhibit K or subject to each
Rating Agency's acknowledgment that the ratings of the Certificates in effect
immediately prior to the entering into such agreement would not be qualified,
downgraded or withdrawn and the Certificates would not be placed on credit
review status (except for possible upgrading) as a result of such agreement. Any
such agreement may contain provisions whereby such holder may instruct the
Servicer to commence or delay foreclosure proceedings with respect to delinquent
Mortgage Loans and will contain provisions for the deposit of cash by the holder
that would be available for distribution to Certificateholders if Liquidation
Proceeds are less than they otherwise may have been had the Servicer acted in
accordance with its normal procedures. Notwithstanding the foregoing, the
Servicer shall not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any Mortgaged Property unless it shall
determine (i) that such restoration and/or foreclosure will increase the
proceeds of liquidation of the Mortgage Loan after reimbursement to itself of
such expenses and (ii) that such expenses will be recoverable to it through
proceeds of the liquidation of the Mortgage Loan (respecting which it shall have
priority for purposes of withdrawals from the Servicer Custodial Account). Any
such expenditures shall constitute Servicing Advances for purposes of this
Agreement.
The decision of the Servicer to foreclose on a defaulted Mortgage
Loan shall be subject to a determination by the Servicer that the proceeds of
such foreclosure would exceed the costs and expenses of bringing such a
proceeding.
With respect to any REO Property, the deed or certificate of sale
shall be taken in the name of the Trustee for the benefit of the
Certificateholders, or its nominee, on behalf of the Certificateholders. The
Trustee's name shall be placed on the title to such REO Property solely as the
Trustee hereunder and not in its individual capacity. The Servicer shall ensure
that the title to such REO Property references this Agreement and the Trustee's
capacity hereunder. Pursuant to its efforts to sell such REO Property, the
Servicer shall either itself or through an agent selected by the Servicer
manage, conserve, protect and operate such REO Property in the same manner that
it manages, conserves, protects and operates other foreclosed property for its
own account and in the same manner that similar property in the same locality as
the REO Property is managed. Incident to its conservation and protection of the
interests of the Certificateholders, the Servicer may rent the same, or any part
thereof, as the Servicer deems to be in the best interest of the
Certificateholders for the period prior to the sale of such REO Property. The
Servicer shall prepare for and deliver to the Trustee a statement with respect
to each REO Property that has been rented, if any, showing the aggregate rental
income received and all expenses incurred in connection with the management and
maintenance of such REO Property at such times as is necessary to enable the
Trustee to comply with the reporting requirements of the REMIC Provisions;
provided, however, that the Servicer shall have no duty to rent any REO Property
on behalf of the Trust. The net monthly rental income, if any, from such REO
Property shall be deposited in the Servicer Custodial Account no later than the
close of business on each Determination Date. The Servicer shall perform, with
respect to the Mortgage Loans, the tax reporting and withholding required by
Sections 1445 and 6050J of the Code with respect to foreclosures and
abandonments, the tax reporting required by Section 6050H of the Code with
respect to the receipt of mortgage interest from individuals and, if required by
Section 6050P of the Code with respect to the cancellation of indebtedness by
certain financial entities, by preparing such tax and information returns as may
be required, in the form required. The Servicer shall deliver copies of such
reports to the Trustee.
If the Trust acquires any Mortgaged Property as described above or
otherwise in connection with a default or a default which is reasonably
foreseeable on a Mortgage Loan, the Servicer shall dispose of such Mortgaged
Property prior to the end of the third calendar year following the year of its
acquisition by the Trust (such period, the "REO Disposition Period") unless (A)
the Trustee shall have been supplied by the Servicer with an Opinion of Counsel
to the effect that the holding by the Trust of such Mortgaged Property
subsequent to the REO Disposition Period will not result in the imposition of
taxes on "prohibited transactions" on the REMIC (as defined in Section 860F of
the Code) or cause the Trust Estate to fail to qualify as a REMIC at any time
that any Certificates are outstanding, or (B) the Trustee (at the Servicer's
expense) or the Servicer shall have applied for, prior to the expiration of the
REO Disposition Period, an extension of the REO Disposition Period in the manner
contemplated by Section 856(e)(3) of the Code. If such an Opinion of Counsel is
provided or such an exemption is obtained, the Trust may continue to hold such
Mortgaged Property (subject to any conditions contained in such Opinion of
Counsel) for the applicable period. Notwithstanding any other provision of this
Agreement, no Mortgaged Property acquired by the Trust 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 in such a manner or pursuant to any terms that
would (i) cause such Mortgaged Property to fail to qualify as "foreclosure
property" within the meaning of Section 860G(a)(8) of the Code or (ii) subject
the REMIC to the imposition of any federal, state or local income taxes on the
income earned from such Mortgaged Property under Section 860G(c) of the Code or
otherwise, unless the Servicer has agreed to indemnify and hold harmless the
Trust with respect to the imposition of any such taxes. The Servicer shall
identify to the Trustee any Mortgaged Property relating to a Mortgage Loan held
by the Trust for 30 months for which no plans to dispose of such Mortgaged
Property by the Servicer have been made. After delivery of such identification,
the Servicer shall proceed to dispose of any such Mortgaged Property by holding
a commercially reasonable auction for such property.
The income earned from the management of any REO Properties, net of
reimbursement to the Servicer for expenses incurred (including any property or
other taxes) in connection with such management and net of unreimbursed
Servicing Fees, Periodic Advances and Servicing Advances, shall be applied to
the payment of principal of and interest on the related defaulted Mortgage Loans
(solely for the purposes of allocating principal and interest, interest shall be
treated as accruing as though such Mortgage Loans were still current) and all
such income shall be deemed, for all purposes in this Agreement, to be payments
on account of principal and interest on the related Mortgage Notes and shall be
deposited into the Servicer Custodial Account. To the extent the net income
received during any calendar month is in excess of the amount attributable to
amortizing principal and accrued interest at the related Mortgage Interest Rate
on the related Mortgage Loan for such calendar month, such excess shall be
considered to be a partial prepayment of principal of the related Mortgage Loan.
The proceeds from any liquidation of a Mortgage Loan, as well as any
income from an REO Property, will be applied in the following order of priority:
first, to reimburse the Servicer for any related unreimbursed Servicing Advances
and Servicing Fees; second, to reimburse the Servicer for any unreimbursed
Periodic Advances and to reimburse the Servicer Custodial Account for any
Nonrecoverable Advances (or portions thereof) that were previously withdrawn by
the Servicer pursuant to Section 3.11(a)(iii) that related to such Mortgage
Loan; third, to accrued and unpaid interest (to the extent no Periodic Advance
has been made for such amount or any such Periodic Advance has been reimbursed)
on the Mortgage Loan or related REO Property, at the Mortgage Rate to the Due
Date occurring in the month in which such amounts are required to be
distributed; and fourth, as a recovery of principal of the Mortgage Loan. Excess
Proceeds, if any, from the liquidation of a Liquidated Mortgage Loan will be
retained by the Servicer as additional servicing compensation pursuant to
Section 3.17.
(b) The Servicer shall promptly notify the Depositor of any Mortgage
Loan which comes into default. The Depositor shall be entitled, at its option,
to repurchase (i) any such defaulted Mortgage Loan from the Trust Estate if (a)
in the Depositor's judgment, the default is not likely to be cured by the
Mortgagor and (b) such Mortgage Loan is 180 days or more delinquent or (ii) any
Mortgage Loan in the Trust Estate which pursuant to Section 4(b) of the Mortgage
Loan Purchase Agreement the Seller requests the Depositor to repurchase and to
sell to the Seller to facilitate the exercise of the Seller's rights against the
originator or prior holder of such Mortgage Loan. The purchase price for any
such Mortgage Loan shall be 100% of the unpaid principal balance of such
Mortgage Loan plus accrued interest thereon at the Mortgage Interest Rate (less
the Servicing Fee Rate for such Mortgage Loan) through the last day of the month
in which such repurchase occurs. Upon the receipt of such purchase price, the
Servicer shall provide to the Trustee the notification required by Section 3.15
and the Trustee or the Custodian shall promptly release to the Depositor the
Mortgage File relating to the Mortgage Loan being repurchased.
Section 3.15 Trustee to Cooperate; Release of Mortgage Files.
Upon the payment in full of any Mortgage Loan, or the receipt by the
Servicer of a notification that payment in full will be escrowed in a manner
customary for such purposes, the Servicer will immediately notify the Trustee
(or, at the direction of the Trustee, the Custodian) by delivering, or causing
to be delivered, two copies (one of which will be returned to the Servicer with
the Mortgage File) of a Request for Release (which may be delivered in an
electronic format acceptable to the Trustee and the Servicer). Upon receipt of
such request, the Trustee or the Custodian, as applicable, shall within seven
Business Days release the related Mortgage File to the Servicer. The Trustee
shall at the Servicer's direction execute and deliver to the Servicer the
request for reconveyance, deed of reconveyance or release or satisfaction of
mortgage or such instrument releasing the lien of the Mortgage, in each case
provided by the Servicer, together with the Mortgage Note with written evidence
of cancellation thereon. If the Mortgage has been recorded in the name of MERS
or its designee, the Servicer shall take all necessary action to reflect the
release of the Mortgage on the records of MERS. Expenses incurred in connection
with any instrument of satisfaction or deed of reconveyance shall be chargeable
to the related Mortgagor. From time to time and as shall be appropriate for the
servicing or foreclosure of any Mortgage Loan, including for such purpose
collection under any policy of flood insurance, any fidelity bond or errors or
omissions policy, or for the purposes of effecting a partial release of any
Mortgaged Property from the lien of the Mortgage or the making of any
corrections to the Mortgage Note or the Mortgage or any of the other documents
included in the Mortgage File, the Trustee or the Custodian, as applicable,
shall, upon delivery to the Trustee (or, at the direction of the Trustee, the
Custodian) of a Request for Release signed by a Servicing Officer, release the
Mortgage File within seven Business Days to the Servicer. Subject to the further
limitations set forth below, the Servicer shall cause the Mortgage File so
released to be returned to the Trustee or the Custodian, as applicable, when the
need therefor by the Servicer no longer exists, unless the Mortgage Loan is
liquidated and the proceeds thereof are deposited in the Servicer Custodial
Account, in which case the Servicer shall deliver to the Trustee or the
Custodian, as applicable, a Request for Release, signed by a Servicing Officer.
The Trustee shall execute and deliver to the Servicer any powers of
attorney and other documents prepared by the Servicer that are reasonably
necessary or appropriate to enable the Servicer to carry out its servicing and
administrative duties under this Agreement, upon the request of the Servicer. In
addition, upon prepayment in full of any Mortgage Loan or the receipt of notice
that funds for such purpose have been placed in escrow, the Servicer is
authorized to give, as attorney-in-fact for the Trustee and the mortgagee under
the Mortgage, an instrument of satisfaction (or Assignment of Mortgage without
recourse) regarding the Mortgaged Property relating to such Mortgage Loan, which
instrument of satisfaction or Assignment of Mortgage, as the case may be, shall
be delivered to the Person entitled thereto against receipt of the prepayment in
full. If the Mortgage is registered in the name of MERS or its designee, the
Servicer shall take all necessary action to reflect the release on the records
of MERS. In lieu of executing such satisfaction or Assignment of Mortgage, or if
another document is required to be executed by the Trustee, the Servicer may
deliver or cause to be delivered to the Trustee, for signature, as appropriate,
any court pleadings, requests for trustee's sale or other documents necessary to
effectuate such foreclosure or any legal action brought to obtain judgment
against the Mortgagor on the Mortgage Note or the Mortgage or to obtain a
deficiency judgment or to enforce any other remedies or rights provided by the
Mortgage Note or the Mortgage or otherwise available at law or in equity.
Section 3.16 Documents, Records and Funds in Possession of the
Servicer to be Held for the Trustee.
The Servicer shall transmit to the Trustee or, at the direction of
the Trustee, the Custodian as required by this Agreement all documents and
instruments in respect of a Mortgage Loan coming into the possession of the
Servicer from time to time and shall account fully to the Trustee for any funds
received by the Servicer or which otherwise are collected by the Servicer as
Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan. The
documents constituting the Servicing File shall be held by the Servicer as
custodian and bailee for the Trustee. All Mortgage Files and funds collected or
held by, or under the control of, the Servicer in respect of any Mortgage Loans,
whether from the collection of principal and interest payments or from
Liquidation Proceeds, including but not limited to, any funds on deposit in the
Servicer Custodial Account, shall be held by the Servicer for and on behalf of
the Trustee and shall be and remain the sole and exclusive property of the
Trustee, subject to the applicable provisions of this Agreement. The Servicer
also agrees that it shall not knowingly create, incur or subject any Mortgage
File or any funds that are deposited in the Servicer Custodial Account,
Certificate Account or any Escrow Account, or any funds that otherwise are or
may become due or payable to the Trustee for the benefit of the
Certificateholders, to any claim, lien, security interest, judgment, levy, writ
of attachment or other encumbrance created by the Servicer, or assert by legal
action or otherwise any claim or right of setoff against any Mortgage File or
any funds collected on, or in connection with, a Mortgage Loan, except, however,
that the Servicer shall be entitled to set off against and deduct from any such
funds any amounts that are properly due and payable to the Servicer under this
Agreement.
Section 3.17 Servicing Compensation.
The Servicer shall be entitled out of each payment of interest on a
Mortgage Loan (or portion thereof) and included in the Trust Estate to retain or
withdraw from the Servicer Custodial Account an amount equal to the Servicing
Fee for such Distribution Date.
Additional servicing compensation in the form of Excess Proceeds,
prepayment penalties, assumption fees, late payment charges and all income and
gain net of any losses realized from Permitted Investments and all other
customary and ancillary income and fees shall be retained by the Servicer to the
extent not required to be deposited in the Servicer Custodial Account pursuant
to Section 3.08(b). The Servicer shall be required to pay all expenses incurred
by it in connection with its servicing activities hereunder and shall not be
entitled to reimbursement therefor except as specifically provided in this
Agreement.
Notwithstanding the foregoing, with respect to the payment of the
Servicing Fee on any Distribution Date, the aggregate Servicing Fee for the
Servicer for such Distribution Date shall be reduced (but not below zero) by an
amount equal to the lesser of (a) the Prepayment Interest Shortfall for such
Distribution Date relating to the Mortgage Loans and (b) one-twelfth of 0.25% of
the aggregate Stated Principal Balance of such Mortgage Loans for such
Distribution Date (any such reduction, "Compensating Interest").
Section 3.18 Annual Statement as to Compliance.
The Servicer shall deliver to the Trustee and each Rating Agency on
or before 90 days after the end of the Servicer's fiscal year, commencing with
its 2002 fiscal year, an Officer's Certificate stating, as to the signer
thereof, that (a) a review of the activities of the Servicer during the
preceding calendar year and of the performance of the Servicer 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 Servicer has fulfilled all
its 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 3.19 Annual Independent Public Accountants' Servicing
Statement; Financial Statements.
The Servicer shall, at its own expense, on or before 90 days after
the end of the Servicer's fiscal year, commencing with its 2002 fiscal year,
cause a firm of independent public accountants (who may also render other
services to the Servicer or any affiliate thereof) which is a member of the
American Institute of Certified Public Accountants to furnish a statement to the
Trustee to the effect that such firm has with respect to the Servicer's overall
servicing operations, examined such operations in accordance with the
requirements of the Uniform Single Attestation Program for Mortgage Bankers,
stating such firm's conclusions relating thereto.
Section 3.20 Advances.
The Servicer shall determine on or before each Servicer Advance Date
whether it is required to make a Periodic Advance pursuant to the definition
thereof. If the Servicer determines it is required to make a Periodic Advance,
it shall, on or before the Servicer Advance Date, either (a) deposit into the
Servicer Custodial Account an amount equal to the Advance and/or (b) make an
appropriate entry in its records relating to the Servicer Custodial Account that
any portion of the Amount Held for Future Distribution in the Servicer Custodial
Account has been used by the Servicer in discharge of its obligation to make any
such Periodic Advance. Any funds so applied shall be replaced by the Servicer by
deposit in the Servicer Custodial Account no later than the close of business on
the Business Day preceding the next Servicer Advance Date. The Servicer shall be
entitled to be reimbursed from the Servicer Custodial Account for all Advances
of its own funds made pursuant to this Section 3.20 as provided in Section
3.11(a). The obligation to make Periodic Advances with respect to any Mortgage
Loan shall continue until the ultimate disposition of the REO Property or
Mortgaged Property relating to such Mortgage Loan. The Servicer shall inform the
Trustee of the amount of the Periodic Advance to be made by the Servicer on each
Servicer Advance Date no later than the related Remittance Date.
The Servicer shall deliver to the Trustee on the related Servicer
Advance Date an Officer's Certificate of a Servicing Officer indicating the
amount of any proposed Periodic Advance determined by the Servicer to be a
Nonrecoverable Advance. Notwithstanding anything to the contrary, the Servicer
shall not be required to make any Periodic Advance or Servicing Advance that
would be a Nonrecoverable Advance.
Section 3.21 Modifications, Waivers, Amendments and Consents.
(a) Subject to this Section 3.21, the Servicer may agree to any
modification, waiver, forbearance, or amendment of any term of any Mortgage Loan
without the consent of the Trustee or any Certificateholder. All modifications,
waivers, forbearances or amendments of any Mortgage Loan shall be in writing and
shall be consistent with Customary Servicing Procedures.
(b) The Servicer shall not agree to enter into, and shall not enter
into, any modification, waiver (other than a waiver referred to in Section 3.13,
which waiver, if any, shall be governed by Section 3.13), forbearance or
amendment of any term of any Mortgage Loan if such modification, waiver,
forbearance, or amendment would:
(i) affect the amount or timing of any related payment of principal,
interest or other amount payable thereunder;
(ii) in the Servicer's judgment, materially impair the security for
such Mortgage Loan or reduce the likelihood of timely payment of amounts
due thereon; or
(iii) otherwise constitute a "significant modification" within the
meaning of Treasury Regulations Section 1.860G-2(b);
unless, in either case, (A) such Mortgage Loan is 90 days or more past due or
(B) the Servicer delivers to the Trustee an Opinion of Counsel to the effect
that such modification, waiver, forbearance or amendment would not affect the
REMIC status of the Trust Estate and, in either case, such modification, waiver,
forbearance or amendment is reasonably likely to produce a greater recovery with
respect to such Mortgage Loan than would liquidation. Subject to Customary
Servicing Procedures, the Servicer may permit a forbearance for a Mortgage Loan
which in the Servicer's judgment is subject to imminent default.
(c) Any payment of interest, which is deferred pursuant to any
modification, waiver, forbearance or amendment permitted hereunder, shall not,
for purposes hereof, including, without limitation, calculating monthly
distributions to Certificateholders, be added to the unpaid principal balance of
the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan
or such modification, waiver or amendment so permit.
(d) The Servicer may, as a condition to granting any request by a
Mortgagor for consent, modification, waiver, forbearance or amendment, the
granting of which is within the Servicer's discretion pursuant to the Mortgage
Loan and is permitted by the terms of this Agreement, require that such
Mortgagor pay to the Servicer, as additional servicing compensation, a
reasonable or customary fee for the additional services performed in connection
with such request, together with any related costs and expenses incurred by the
Servicer, which amount shall be retained by the Servicer as additional servicing
compensation.
(e) The Servicer shall notify the Trustee, in writing, of any
modification, waiver, forbearance or amendment of any term of any Mortgage Loan
and the date thereof, and shall deliver to the Trustee (or, at the direction of
the Trustee, the Custodian) for deposit in the related Mortgage File, an
original counterpart of the agreement relating to such modification, waiver,
forbearance or amendment, promptly (and in any event within ten Business Days)
following the execution thereof; provided, however, that if any such
modification, waiver, forbearance or amendment is required by applicable law to
be recorded, the Servicer (i) shall deliver to the Trustee a copy thereof and
(ii) shall deliver to the Trustee such document, with evidence of notification
upon receipt thereof from the public recording office.
Section 3.22 Reports to the Securities and Exchange Commission.
The Trustee shall, on behalf of the Trust, cause to be filed with
the Securities and Exchange Commission any periodic reports required to be filed
under the provisions of the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Securities and Exchange Commission thereunder, for
so long as any Certificates registered under the 1933 Act are outstanding (other
than the Current Report on Form 8-K to be filed by the Depositor in connection
with computational materials and the initial Current Report on Form 8-K to be
filed by the Depositor in connection with the issuance of the Certificates).
Upon the request of the Trustee, the Servicer and the Depositor shall cooperate
with the Trustee in the preparation of any such report and shall provide to the
Trustee in a timely manner all such information or documentation as the Trustee
may reasonably request in connection with the performance of its duties and
obligations under this Section.
ARTICLE IV
SERVICER'S CERTIFICATE
Section 4.01 Servicer's Certificate.
Each month, not later than 12:00 noon Eastern time on the Business
Day following each Determination Date, the Servicer shall deliver to the
Trustee, a Servicer's Certificate (in substance and format mutually acceptable
to the Servicer and the Trustee) certified by a Servicing Officer setting forth
the information necessary in order for the Trustee to perform its obligations
under this Agreement. The Trustee may conclusively rely upon the information
contained in a Servicer's Certificate for all purposes hereunder and shall have
no duty to verify or re-compute any of the information contained therein.
Each such statement shall be provided by the Trustee to any Holder
of a Certificate upon request and shall also, to the extent available, include
information regarding delinquencies on Mortgage Loans providing such statement,
indicating the number and aggregate principal amount of Mortgage Loans which are
either one, two, three or more than three months delinquent and the book value
of any REO Property.
ARTICLE V
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS;
REMIC ADMINISTRATION
Section 5.01 Distributions. On each Distribution Date, based solely
on the information in the Servicer's Certificate, the Trustee shall distribute
out of the Certificate Account (to the extent funds are available therein) to
each Certificateholder of record on the related Record Date (other than as
provided in Section 10.01 respecting the final distribution) (a) by check mailed
to such Certificateholder entitled to receive a distribution on such
Distribution Date at the address appearing in the Certificate Register, or (b)
upon written request by the Holder of a Regular Certificate (in the event such
Certificateholder owns of record 100% of a Class of Certificates or holds
Certificates of any Class having denominations aggregating $1,000,000 or more),
by wire transfer or by such other means of payment as such Certificateholder and
the Trustee shall agree upon, such Certificateholder's Percentage Interest in
the amount to which the related Class of Certificates is entitled in accordance
with the priorities set forth below in Section 5.02.
None of the Holders of any Class of Certificates, the Depositor, the
Servicer or the Trustee shall in any way be responsible or liable to Holders of
any Class of Certificates in respect of amounts properly previously distributed
on any such Class.
Amounts distributed with respect to any Class of Certificates shall
be applied first to the distribution of interest thereon and then to principal
thereon.
Section 5.02 Priorities of Distributions.
(a) On each Distribution Date, based solely on the information
contained in the Servicer's Certificate, the Trustee shall withdraw from the
Certificate Account (to the extent funds are available therein) (1) the amounts
payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall
pay such funds to itself, and (2) the Pool Distribution Amount, in an amount as
specified in written notice received by the Trustee from the Servicer no later
than the related Determination Date, and shall apply such funds from the
Certificate Account to distributions on the Certificates in the following order
of priority and to the extent of such funds:
(i) to each Class of Senior Certificates (other than the Class A-4
Certificates until the Distribution Date in April 2007), an amount
allocable to interest equal to the Interest Distribution Amount for such
Class and any shortfall being allocated among such Classes in proportion to
the amount of the Interest Distribution Amount that would have been
distributed in the absence of such shortfall;
(ii) concurrently to the Class A Certificates (other than the Class
A-4 Certificates) and the Class A-4 Certificates, pro rata, based on their
respective Senior Principal Distribution Amount and Ratio Strip Principal
Amount, (A) to the Class A Certificates (other than the Class A-4
Certificates), in an aggregate amount up to the Senior Principal
Distribution Amount, such distribution to be allocated among such Classes
in accordance with Section 5.02(b) and (B) to the Class A-4 Certificates in
an aggregate amount up to the Ratio Strip Principal Amount;
(iii) to the Class A-4 Certificates, any Ratio Strip Deferred
Amount, up to the Subordinate Principal Distribution Amount for such
Distribution Date from amounts otherwise distributable first to the Class
B-6 Certificates pursuant to clause (iv)(L) below, second to the Class B-5
Certificates pursuant to clause (iv)(J) below, third to the Class B-4
Certificates pursuant to clause (iv)(H) below, fourth to the Class B-3
Certificates pursuant to clause (iv)(F) below, fifth to the Clause B-2
Certificates pursuant to clause (iv)(D) below and finally to the Class B-1
Certificates pursuant to clause (iv)(B) below;
(iv) to each Class of Subordinate Certificates, subject to paragraph
(d) below, in the following order of priority:
(A) to the Class B-1 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date;
(B) to the Class B-1 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero;
(C) to the Class B-2 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date;
(D) to the Class B-2 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero;
(E) to the Class B-3 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date;
(F) to the Class B-3 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero;
(G) to the Class B-4 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date;
(H) to the Class B-4 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero;
(I) to the Class B-5 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date;
(J) to the Class B-5 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero;
(K) to the Class B-6 Certificates, an amount allocable to
interest equal to the Interest Distribution Amount for such Class
for such Distribution Date; and
(L) to the Class B-6 Certificates, an amount allocable to
principal equal to its Pro Rata Share for such Distribution Date
less any amount used to pay the Ratio Strip Deferred Amount pursuant
to clause (iii) above until the Class Certificate Balance thereof
has been reduced to zero; and
(v) to the Holder of the Class A-R Certificate, any remaining Pool
Distribution Amount.
On any Distribution Date, amounts distributed in respect of Ratio
Strip Deferred Amounts will not reduce the Class Certificate Balance of the
Class A-4 Certificates.
All distributions in respect of the Interest Distribution Amount for
a Class will be applied first with respect to the amount payable pursuant to
clause (i) of the definition of "Interest Distribution Amount," and second with
respect to the amount payable pursuant to clause (ii) of such definition.
(b) On each Distribution Date prior to the Senior Credit Support
Depletion Date, the amount distributable to the Class A Certificates (other than
the Class A-4 Certificates) pursuant to Section 5.02(a)(ii) for such
Distribution Date, will be distributed in the following order of priority:
first, to the Class A-R Certificate, until its Class
Certificate Balance has been reduced to zero; and
second, concurrently, to the Class A-1, Class A-2 and Class
A-3 Certificates, pro rata, until their Class Certificate Balances have
been reduced to zero.
On each Distribution Date on or after the Senior Credit Support
Depletion Date, notwithstanding the allocation and priority set forth above, the
portion of the Pool Distribution Amount available to be distributed as principal
of the Class A Certificates (other than the Class A-4 Certificates) shall be
distributed concurrently, as principal, on such Classes, pro rata, on the basis
of their respective Class Certificate Balances, until the Class Certificate
Balances thereof are reduced to zero.
(c) On each Distribution Date, Accrued Certificate Interest for each
Class of Certificates for such Distribution Date shall be reduced by such
Class's pro rata share, based on such Class's Interest Distribution Amount for
such Distribution Date, without taking into account the allocation made by this
Section 5.02(c), of (A) Non-Supported Interest Shortfalls, (B) on and after the
Senior Credit Support Depletion Date, any Realized Loss allocable to interest
and (C) each Relief Act Reduction incurred during the calendar month preceding
the month of such Distribution Date.
(d) Notwithstanding the priority and allocation contained in Section
5.02(a)(iv), (A) if with respect to any Class of Subordinate Certificates on any
Distribution Date, (i) the aggregate of the Class Certificate Balances
immediately prior to such Distribution Date of all Classes of Subordinate
Certificates which have a higher numerical Class designation than such Class,
divided by (ii) the aggregate Class Certificate Balance of all the Certificates
immediately prior to such Distribution Date (the "Fractional Interest") is less
than the Original Fractional Interest for such Class, no distribution of
principal will be made to any Classes junior to such Class (the "Restricted
Classes"), the Class Certificate Balances of the Restricted Classes will not be
used in determining the Pro Rata Share for the Subordinate Certificates that are
not Restricted Classes; provided, however, if the aggregate Class Certificate
Balances of the Subordinate Certificates that are not Restricted Classes are
reduced to zero, then notwithstanding the above, any funds remaining will be
distributed sequentially to the Restricted Classes in order of their respective
numerical Class designations (beginning with the Class of Restricted
Certificates then outstanding with the lowest numerical Class designation) and
(B) if with respect to any Class of Subordinate Certificates on any Distribution
Date prior to the Distribution Date in May 2013, the Fractional Interest of such
Class is less than twice its Original Fractional Interest and the Senior
Prepayment Percentage for such Distribution Date is determined in accordance
with clause (ii) or (iii) of the second sentence of the definition of "Senior
Prepayment Percentage," the Classes of Subordinate Certificates that have higher
numerical designations will receive in respect of clause (ii) of the Subordinate
Principal Distribution Amount, an amount equal to the product of their Pro Rata
Shares and the percentages set forth in the following table:
Distribution Date Occurring Percentage
--------------------------- ----------
May 2002 through April 2009 0%
May 2009 through April 2010 30%
May 2010 through April 2011 40%
May 2011 through April 2012 60%
May 2012 through April 2013 80%
Each Class of Subordinate Certificates that received its full Pro Rata Share
will be allocated any remaining amount in respect of clause (ii) of the
Subordinate Principal Distribution Amount, pro rata (based on the Class
Certificate Balances of only those Subordinate Certificates that received a full
Pro Rata Share).
Section 5.03 Allocation of Losses.
(a) On or prior to each Determination Date, the Servicer shall
inform the Trustee in writing with respect to each Mortgage Loan: (1) whether
any Realized Loss is a Deficient Valuation or a Debt Service Reduction, (2) of
the amount of such loss or Deficient Valuation, or of the terms of such Debt
Service Reduction and (3) of the total amount of Realized Losses. Based on such
information, the Trustee shall determine the total amount of Realized Losses
with respect to the related Distribution Date.
The principal portion of Realized Losses with respect to any
Distribution Date shall be allocated as follows:
(i) the applicable Ratio Strip Percentage of the principal portion
of any Realized Loss with respect to a Discount Mortgage Loan shall be
allocated to the Class A-4 Certificates until the Class Certificate Balance
thereof is reduced to zero; and
(ii) the applicable Non-Ratio Strip Percentage of the principal
portion of any Realized Loss shall be allocated first to the Subordinate
Certificates in reverse order of their respective numerical Class
designations (beginning with the Class of Subordinate Certificates then
outstanding with the highest numerical Class designation) until the
respective Class Certificate Balance of each such Class is reduced to zero,
and second to the Senior Certificates (other than the Class A-4
Certificates), pro rata, on the basis of their respective Class Certificate
Balances immediately prior to the related Distribution Date, until the
Class Certificate Balances thereof have been reduced to zero.
(b) The Class Certificate Balance of the Class of Subordinate
Certificates then outstanding with the highest numerical Class designation shall
be reduced on each Distribution Date by the amount, if any, by which the
aggregate of the Class Certificate Balances of all outstanding Classes of
Certificates (after giving effect to the amount to be distributed as a
distribution of principal and the allocation of Realized Losses and Ratio Strip
Deferred Amounts on such Distribution Date) exceeds the Adjusted Pool Amount for
such Distribution Date.
After the Senior Credit Support Depletion Date, the Class
Certificate Balances of the Senior Certificates in the aggregate (other than the
Class Certificate Balance of the Class A-4 Certificates) shall be reduced on
each Distribution Date by the amount, if any, by which the aggregate of the
Class Certificate Balances of all outstanding Classes of Senior Certificates
(other than Class A-4 Certificates) (after giving effect to the amount to be
distributed as a distribution of principal and the allocation of Realized Losses
on such Distribution Date) exceeds the difference between (i) the Adjusted Pool
Amount for such Distribution Date and (ii) the Adjusted Pool Amount (Ratio Strip
Portion) for such Distribution Date.
Any such reduction shall be allocated among the Senior Certificates
(other than the Class A-4 Certificates) based on the Class Certificate Balances
immediately prior to such Distribution Date.
The Class Certificate Balance of the Class A-4 Certificates shall be
reduced on each Distribution Date by the amount, if any, by which the Class
Certificate Balance of the Class A-4 Certificates (after giving effect to the
amount to be distributed as a distribution of principal and the allocation of
Realized Losses on such Distribution Date) exceeds the Adjusted Pool Amount
(Ratio Strip Portion) for such Distribution Date.
(c) Any Realized Loss allocated to a Class of Certificates or any
reduction in the Class Certificate Balance of a Class of Certificates pursuant
to Section 5.03(b) above shall be allocated among the Certificates of such Class
in proportion to their respective Percentage Interests.
(d) Any allocation of Realized Losses to a Class of Certificates or
any reduction in the Class Certificate Balance of a Class pursuant to Section
5.03(b) above shall be accomplished by reducing the Class Certificate Balance
thereof prior to the distributions made on the related Distribution Date in
accordance with the definition of "Class Certificate Balance."
(e) After the Senior Credit Support Depletion Date, on any
Distribution Date on which the Class A-3 Loss Allocation Amount is greater than
zero, the Class Certificate Balance of the Class A-3 Certificates will be
reduced by the Class A-3 Loss Allocation Amount and, notwithstanding Section
5.03(a)(ii) and Section 5.03(b), the Class Certificate Balance of the Class A-2
Certificates will not be reduced by the Class A-3 Loss Allocation Amount.
Section 5.04 Statements to Certificateholders.
(a) Prior to the Distribution Date in each month, based upon the
information provided to the Trustee on the Servicer's Certificates delivered to
the Trustee pursuant to Section 4.01, the Trustee shall determine the following
information with respect to such Distribution Date:
(i) the amount allocable to principal, separately identifying the
aggregate amount of any Principal Prepayments and Liquidation Proceeds
included therein;
(ii) the amount allocable to interest, any Class Unpaid Interest
Shortfall included in such distribution and any remaining Class Unpaid
Interest Shortfall after giving effect to such distribution;
(iii) if the distribution to the Holders of such Class of
Certificates is less than the full amount that would be distributable to
such Holders if there were sufficient funds available therefor, the amount
of the shortfall and the allocation thereof as between principal and
interest;
(iv) the Class Certificate Balance of each Class of Certificates
after giving effect to the distribution of principal on such Distribution
Date;
(v) the Pool Stated Principal Balance for the following Distribution
Date;
(vi) the Senior Percentage and the Subordinate Percentage for the
following Distribution Date;
(vii) the amount of the Servicing Fee paid to or retained by the
Servicer with respect to such Distribution Date;
(viii) the Pass-Through Rate for each such Class of Certificates
with respect to such Distribution Date;
(ix) the amount of Periodic Advances included in the distribution on
such Distribution Date and the aggregate amount of Periodic Advances
outstanding as of the close of business on such Distribution Date;
(x) the number and aggregate principal amounts of Mortgage Loans (A)
delinquent (exclusive of Mortgage Loans in foreclosure) (1) 1 to 30 days
(2) 31 to 60 days (3) 61 to 90 days and (4) 91 or more days and (B) in
foreclosure, as of the close of business on the last day of the calendar
month preceding such Distribution Date;
(xi) with respect to any Mortgage Loan that became an REO Property
during the preceding calendar month, the loan number and Stated Principal
Balance of such Mortgage Loan as of the close of business on the
Determination Date preceding such Distribution Date and the date of
acquisition thereof;
(xii) the total number and principal balance of any REO Properties
(and market value, if available) as of the close of business on the
Determination Date preceding such Distribution Date;
(xiii) the Senior Prepayment Percentage and the Subordinate
Prepayment Percentage for the following Distribution Date; and
(xiv) the aggregate amount of Realized Losses incurred during the
preceding calendar month or any Ratio Strip Deferred Amounts for such
Distribution Date.
(b) No later than each Distribution Date, the Trustee, based upon
information supplied to it on the Servicer's Certificates, shall prepare and
deliver (by mail, fax or electronically) to each Holder of a Certificate, each
Rating Agency and the Servicer a statement setting forth the information set
forth in Section 5.04(a).
In the case of information furnished pursuant to clauses (i), (ii)
and (ix) of Section 5.04(a), the amounts shall be expressed as a dollar amount
per Certificate with a $1,000 denomination.
On each Distribution Date, the Trustee shall prepare and furnish to
each Financial Market Service, in electronic or such other format and media
mutually agreed upon by the Trustee, the Financial Market Service and the
Depositor, the information contained in the statement described in Section
5.04(a) for such Distribution Date.
The Trustee may make available each month, to any interested party,
the monthly statement to Certificateholders via the Trustee's website.
Within a reasonable period of time after the end of each calendar
year, the Trustee shall furnish to each Person who at any time during the
calendar year was the Holder of a Certificate, if requested in writing by such
Person, a statement containing the information set forth in clauses (i), (ii)
and (vii) of Section 5.04(a), in each case aggregated for such calendar year or
applicable portion thereof during which such Person was a Certificateholder.
Such obligation of the Trustee shall be deemed to have been satisfied to the
extent that substantially comparable information shall be provided by the
Trustee pursuant to any requirements of the Code as from time to time in force.
The Trustee shall deliver to the Holders of Certificates any reports
or information the Trustee is required by this Agreement or the Code, Treasury
Regulations or REMIC Provisions to deliver to the Holders of Certificates, and
the Trustee shall prepare and provide to the Certificateholders (by mail,
telephone, or publication as may be permitted by applicable Treasury
Regulations) such other reasonable information as the Trustee deems necessary or
appropriate or is required by the Code, Treasury Regulations, and the REMIC
Provisions including, but not limited to, (i) information to be reported to the
Holder of the Residual Certificate for quarterly notices on Schedule Q (Form
1066) (which information shall be forwarded to the Holder of the Residual
Certificate by the Trustee), (ii) information to be provided to the Holders of
Certificates with respect to amounts which should be included as interest and
original issue discount in such Holders' gross income and (iii) information to
be provided to all Holders of Certificates setting forth the percentage of the
REMIC's assets, determined in accordance with Treasury Regulations using a
convention, not inconsistent with Treasury Regulations, selected by the Trustee
in its absolute discretion, that constitute real estate assets under Section 856
of the Code, and assets described in Section 7701(a)(19)(C) of the Code;
provided, however, that in setting forth the percentage of such assets of the
REMIC, nothing contained in this Agreement, including without limitation Section
7.03 hereof, shall be interpreted to require the Trustee periodically to
appraise the fair market values of the assets of the Trust Estate or to
indemnify the Trust Estate or any Certificateholders from any adverse federal,
state or local tax consequences associated with a change subsequently required
to be made in the Depositor's initial good faith determinations of such fair
market values (if subsequent determinations are required pursuant to the REMIC
Provisions) made from time to time.
Section 5.05 Tax Returns and Reports to Certificateholders.
(a) For federal income tax purposes, the REMIC shall have a calendar
year taxable year and shall maintain its books on the accrual method of
accounting.
(b) The Trustee shall prepare or cause to be prepared, shall execute
and shall file or cause to be filed with the Internal Revenue Service and
applicable state or local tax authorities income tax information returns for
each taxable year with respect to the REMIC containing such information at the
times and in the manner as may be required by the Code, the Treasury Regulations
or state or local tax laws, regulations, or rules, and shall furnish or cause to
be furnished to the REMIC and the Certificateholders the schedules, statements
or information at such times and in such manner as may be required thereby.
Within 30 days of the Closing Date, the Trustee shall furnish or cause to be
furnished to the Internal Revenue Service, on Form 8811 or as otherwise required
by the Code or the Treasury Regulations, the name, title, address and telephone
number of the person that Holders of the Certificates may contact for tax
information relating thereto, together with such additional information at the
time or times and in the manner required by the Code or the Treasury
Regulations. Such 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, the Treasury Regulations or state or local tax laws,
regulations, or rules.
(c) In the first federal income tax return of the REMIC for its
short taxable year ending December 31, 2002, REMIC status shall be elected for
such taxable year and all succeeding taxable years.
(d) The Trustee will maintain or cause to be maintained such records
relating to the REMIC, including but not limited to records relating to the
income, expenses, assets and liabilities of the Trust Estate, and the initial
fair market value and adjusted basis of the Trust Estate property and assets
determined at such intervals as may be required by the Code or the Treasury
Regulations, as may be necessary to prepare the foregoing returns, schedules,
statements or information.
Section 5.06 Tax Matters Person. The Tax Matters Person shall have
the same duties with respect to the REMIC as those of a "tax matters partner"
under Subchapter C of Chapter 63 of Subtitle F of the Code. The Holder of the
Class A-R Certificate is hereby designated as the Tax Matters Person for the
REMIC. By the acceptance of the Class A-R Certificate, such Holder irrevocably
appoints the Trustee as its agent to perform all of the duties of the Tax
Matters Person for the REMIC.
Section 5.07 Rights of the Tax Matters Person in Respect of the
Trustee. The Trustee shall afford the Tax Matters Person, upon reasonable notice
during normal business hours, access to all records maintained by the Trustee in
respect of its duties hereunder and access to officers of the Trustee
responsible for performing such duties. Upon request, the Trustee shall furnish
the Tax Matters Person with its most recent report of condition published
pursuant to law or to the requirements of its supervisory or examining authority
publicly available. The Trustee shall make available to the Tax Matters Person
such books, documents or records relating to the Trustee's services hereunder as
the Tax Matters Person shall reasonably request. The Tax Matters Person shall
not have any responsibility or liability for any action or failure to act by the
Trustee and is not obligated to supervise the performance of the Trustee under
this Agreement or otherwise.
Section 5.08 REMIC Related Covenants. For as long as the Trust shall
exist, the Trustee, the Depositor and the Servicer shall act in accordance
herewith to assure continuing treatment of the Trust Estate as a REMIC and avoid
the imposition of tax on the REMIC. In particular:
(a) The Trustee shall not create, or permit the creation of, any
"interests" in the REMIC within the meaning of Code Section 860D(a)(2) other
than the interests represented by the Regular Certificates and the Residual
Certificate.
(b) Except as otherwise provided in the Code, (i) the Depositor and
the Servicer shall not contribute to the Trust Estate and the Trustee shall not
accept property unless substantially all of the property held in the REMIC
constitutes either "qualified mortgages" or "permitted investments" as defined
in Code Sections 860G(a)(3) and (5), respectively, and (ii) no property shall be
contributed to the REMIC after the start-up day unless such contribution would
not subject the Trust Estate to the 100% tax on contributions to a REMIC after
the start-up day of the REMIC imposed by Code Section 860G(d).
(c) The Trustee shall not accept on behalf of the REMIC any fee or
other compensation for services and neither the Trustee nor the Servicer shall
knowingly accept, on behalf of the Trust Estate any income from assets other
than those permitted to be held by a REMIC.
(d) The Trustee shall not sell or permit the sale of all or any
portion of the Mortgage Loans (other than in accordance with Sections 2.02,
2.04, 2.09 or 3.14(b)), unless such sale is pursuant to a "qualified
liquidation" as defined in Code Section 860F(a)(4)(A) and in accordance with
Article X.
(e) The Trustee shall maintain books with respect to the Trust on a
calendar year taxable year and on an accrual basis.
Neither the Servicer nor the Trustee shall engage in a "prohibited
transaction" (as defined in Code Section 860F(a)(2)), except that, with the
prior written consent of the Servicer and the Depositor, the Trustee may engage
in the activities otherwise prohibited by the foregoing paragraphs (b), (c) and
(d); provided that the Servicer shall have delivered to the Trustee an Opinion
of Counsel to the effect that such transaction will not result in the imposition
of a tax on the REMIC and will not disqualify the Trust Estate from treatment as
a REMIC; and, provided further, that the Servicer shall have demonstrated to the
satisfaction of the Trustee that such action will not adversely affect the
rights of the Holders of the Certificates and the Trustee and that such action
will not adversely impact the rating of the Certificates.
ARTICLE VI
THE CERTIFICATES
Section 6.01 The Certificates. The Classes of Senior Certificates
and the Subordinate Certificates shall be substantially in the forms set forth
in Exhibits X-0, X-0, X-0, X-0, X-X, X-0, X-0, X-0, X-0, X-0, X-0 and C (reverse
of all Certificates) and shall, on original issue, be executed by the Trustee
and shall be countersigned and delivered by the Trustee to or upon the order of
the Depositor upon receipt by the Trustee of the documents specified in Section
2.01. The Senior Certificates (other than the Class A-4 and Class A-R
Certificates) shall be available to investors in interests representing minimum
dollar Certificate Balances of $1,000 and integral multiples of $1 in excess
thereof. The Subordinate Certificates and the Class A-4 Certificates shall be
available to investors in interests representing minimum dollar Certificate
Balances of $25,000 and integral dollar multiples of $1 in excess thereof
(except one Certificate of such Class may be issued with a different Certificate
Balance. The Class A-R Certificate shall be in a minimum denomination of $100.
The Senior Certificates (other than the Class A-R Certificate) and the Class
B-1, Class B-2 and Class B-3 Certificates shall initially be issued in
book-entry form through the Depository and delivered to the Depository or,
pursuant to the Depository's instructions on behalf of the Depository to, and
deposited with, the Certificate Custodian, and all other Classes of Certificates
shall initially be issued in definitive, fully-registered form.
The Certificates shall be executed by manual or facsimile signature
on behalf of the Trustee by an authorized officer or signatory. 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 execution and delivery of such
Certificates or did not hold such offices or positions 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 form provided for
herein, and such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been duly
authenticated and delivered hereunder. All Certificates shall be dated the date
of their countersignature.
Section 6.02 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 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.
(b) At the option of the Certificateholders, Certificates may be
exchanged for other Certificates of authorized denominations of a like Class,
tenor and aggregate 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 and the Trustee shall
authenticate, countersign and deliver the Certificates which the
Certificateholder making the exchange is entitled to receive. Every Certificate
presented or surrendered for transfer or exchange shall (if so required by the
Trustee or the Certificate Registrar) be duly endorsed by, or 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 its attorney duly
authorized in writing.
(c) (i) Except as provided in paragraph (c)(iii) below, the
Book-Entry Certificates shall at all times remain registered in the name of
the Depository or its nominee and at all times: (A) registration of the
Certificates may not be transferred by the Trustee except to another
Depository; (B) the Depository shall maintain book-entry records with
respect to the Certificate Owners and with respect to ownership and
transfers of such Book-Entry Certificates; (C) ownership and transfers of
registration of the Book-Entry Certificates on the books of the Depository
shall be governed by applicable rules established by the Depository; (D)
the Depository may collect its usual and customary fees, charges and
expenses from its Depository Participants; (E) the Trustee shall deal with
the Depository as the representative of the Certificate Owners of the
Book-Entry Certificates for purposes of exercising the rights of Holders
under this Agreement, and requests and directions for and votes of the
Depository shall not be deemed to be inconsistent if they are made with
respect to different Certificate Owners; and (F) 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.
(ii) 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.
(iii) If (A) (1) the Depository or the Depositor advises the Trustee
in writing that the Depository is no longer willing or able to properly
discharge its responsibilities as Depository, and (2) the Trustee or the
Depositor is unable to locate a qualified successor, (B) the Depositor at
its option advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (C) after the occurrence of an
Event of Default, Certificate Owners representing at least 51% of the
aggregate Class Certificate Balances of 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, fully-registered Certificates (the "Definitive
Certificates") to Certificate Owners requesting the same. Upon surrender to
the Trustee of the related Class of Certificates by the Depository (or by
the Certificate Custodian, if it holds such Class on behalf of the
Depository), accompanied by the instructions from the Depository for
registration, the Trustee shall issue the Definitive Certificates. None of
the Servicer, the Depositor or the Trustee shall be liable for any delay in
delivery of such instruction and may conclusively rely on, and shall be
protected in relying on, such instructions. The Depositor shall provide the
Trustee with an adequate inventory of certificates to facilitate the
issuance and transfer of Definitive Certificates. Upon the issuance of
Definitive Certificates, the Trustee shall recognize the Holders of the
Definitive Certificates as Certificateholders hereunder.
(d) No transfer of a Private Certificate shall be made unless such
transfer is exempt from the registration requirements of the 1933 Act and any
applicable state securities laws or is made in accordance with the 1933 Act and
such laws. In the event of any such transfer, (i) unless such transfer is made
in reliance on Rule 144A under the 1933 Act, the Trustee or the Depositor may
require a written Opinion of Counsel (which may be in-house counsel) acceptable
to and in form and substance reasonably satisfactory to the Trustee and the
Depositor that such transfer may be made pursuant to an exemption, describing
the applicable exemption and the basis therefor, from the 1933 Act and such laws
or is being made pursuant to the 1933 Act and such laws, which Opinion of
Counsel shall not be an expense of the Trustee or the Depositor and (ii) the
Trustee shall require a certificate from the Certificateholder desiring to
effect such transfer substantially in the form attached hereto as Exhibit G-1
and a certificate from such Certificateholder's prospective transferee
substantially in the form attached hereto either as Exhibit G-2A or as Exhibit
G-2B, which certificates shall not be an expense of the Trustee or the
Depositor; provided that the foregoing requirements under clauses (i) and (ii)
shall not apply to a transfer of a Private Certificate between or among the
Depositor, the Seller, their affiliates or both. The Depositor shall provide to
any Holder of a Private Certificate and any prospective transferees designated
by any such Holder, information regarding the related Certificates and the
Mortgage Loans and such other information as shall be necessary to satisfy the
condition to eligibility set forth in Rule 144A(d)(4) for transfer of any such
certificate without registration thereof under the 1933 Act pursuant to the
registration exemption provided by Rule 144A. The Holder of a Private
Certificate desiring to effect such transfer shall, and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.
(e) No transfer of an ERISA Restricted Certificate shall be made
unless the transferee delivers to the Trustee either (i) a representation letter
in the form of Exhibit H from the transferee of such Certificate, which
representation letter shall not be an expense of the Depositor, the Trustee or
the Servicer, or (ii) in the case of any ERISA Restricted Certificate presented
for registration in the name of an employee benefit plan or arrangement,
including an individual retirement account, subject to ERISA, the Code, or any
federal, state or local law ("Similar Law") which is similar to ERISA or the
Code (collectively, a "Plan"), or a trustee or custodian of any of the
foregoing, an Opinion of Counsel in form and substance satisfactory to the
Trustee and the Servicer to the effect that the purchase or holding of such
ERISA Restricted Certificate by or on behalf of such Plan will not result in the
assets of the Trust Estate being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA, the Code or Similar Law and will not
subject the Trustee, the Depositor or the Servicer to any obligation in addition
to those undertaken in this Agreement, which Opinion of Counsel shall not be an
expense of the Trustee or the Servicer. Any transferee of an ERISA Restricted
Certificate that does not comply with either clause (i) or (ii) of the preceding
sentence will be deemed to have made one of the representations set forth in
Exhibit H. Notwithstanding anything else to the contrary herein, any purported
transfer of an ERISA Restricted Certificate to or on behalf of a Plan without
the delivery to the Trustee and the Servicer of an Opinion of Counsel
satisfactory to the Trustee and the Servicer as described above shall be void
and of no effect.
Neither the Trustee nor the Certificate Registrar shall have any
liability for transfers of Book-Entry Certificates made through the book-entry
facilities of the Depository or between or among any Depository Participants or
Certificate Owners, made in violation of applicable restrictions. 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.
To the extent permitted under applicable law (including, but not
limited to, ERISA), the Trustee shall be under no liability to any Person for
any registration of transfer of any ERISA Restricted Certificate that is in fact
not permitted by this Section 6.02 or for making any payments due on such
Certificate to the Holder thereof or taking any other action with respect to
such Holder under the provisions of this Agreement so long as the transfer was
registered by the Trustee in accordance with the foregoing requirements.
(f) Each Person who has or who acquires any Ownership Interest in a
Residual Certificate shall be deemed by the acceptance or acquisition of such
Ownership Interest to have agreed to be bound by the following provisions, and
the rights of each Person acquiring any Ownership Interest in a Residual
Certificate are expressly subject to the following provisions:
(i) Each Person holding or acquiring any Ownership Interest in a
Residual Certificate shall be a Permitted Transferee and shall promptly
notify the Trustee of any change or impending change in its status as a
Permitted Transferee.
(ii) No Person shall acquire an Ownership Interest in a Residual
Certificate unless such Ownership Interest is a pro rata undivided
interest.
(iii) In connection with any proposed transfer of any Ownership
Interest in a Residual Certificate, the Trustee shall require delivery to
it, in form and substance satisfactory to it, of an affidavit in the form
of Exhibit I hereto from the proposed transferee.
(iv) Notwithstanding the delivery of an affidavit by a proposed
transferee under clause (iii) above, if a Responsible Officer of the
Trustee has actual knowledge that the proposed transferee is not a
Permitted Transferee, no transfer of any Ownership Interest in a Residual
Certificate to such proposed transferee shall be effected.
(v) No Ownership Interest in a Residual Certificate may be purchased
by or transferred to any Person that is not a U.S. Person, unless (A) such
Person holds such Residual Certificate in connection with the conduct of a
trade or business within the United States and furnishes the transferor and
the Trustee with an effective Internal Revenue Service Form W-8ECI (or
successor thereto) or (B) the transferee delivers to both the transferor
and the Trustee an Opinion of Counsel from a nationally-recognized tax
counsel to the effect that such transfer 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.
(vi) Any attempted or purported transfer of any Ownership Interest
in a Residual Certificate in violation of the provisions of this Section
6.02 shall be absolutely null and void and shall vest no rights in the
purported transferee. If any purported transferee shall, in violation of
the provisions of this Section 6.02, become a Holder of a Residual
Certificate, then the prior Holder of such Residual Certificate that is a
Permitted Transferee shall, upon discovery that the registration of
transfer of such Residual Certificate was not in fact permitted by this
Section 6.02, be restored to all rights as Holder thereof retroactive to
the date of registration of transfer of such Residual Certificate. The
Trustee shall be under no liability to any Person for any registration of
transfer of a Residual Certificate that is in fact not permitted by this
Section 6.02 or for making any distributions due on such Residual
Certificate to the Holder thereof or taking any other action with respect
to such Holder under the provisions of the Agreement so long as the
transfer was registered in accordance with this Section 6.02. The Trustee
shall be entitled to recover from any Holder of a Residual Certificate that
was in fact not a Permitted Transferee at the time such distributions were
made all distributions made on such Residual Certificate. Any such
distributions so recovered by the Trustee shall be distributed and
delivered by the Trustee to the prior Holder of such Residual Certificate
that is a Permitted Transferee.
(vii) If any Person other than a Permitted Transferee acquires any
Ownership Interest in a Residual Certificate in violation of the
restrictions in this Section 6.02, then the Trustee, based on information
provided to the Trustee by the Servicer, will provide to the Internal
Revenue Service, and to the Persons specified in Section 860E(e)(3) and (6)
of the Code, information needed to compute the tax imposed under Section
860E(e) of the Code on transfers of residual interests to disqualified
organizations. The expenses of the Trustee under this clause (vii) shall be
reimbursable by the Trust.
(viii) No Ownership Interest in a Residual Certificate shall be
acquired by a Plan or any Person acting on behalf of a Plan.
(g) [Reserved]
(h) No service charge shall be imposed for any transfer or exchange
of Certificates of any Class, 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.
(i) All Certificates surrendered for transfer and exchange shall be
destroyed by the Certificate Registrar.
Section 6.03 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 Trustee, the
Depositor and the Certificate Registrar such security or indemnity reasonably
satisfactory to each, to save each of them harmless, then, in the absence of
actual notice to the Trustee or the Certificate Registrar that such Certificate
has been acquired by a bona fide purchaser, the Trustee shall 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 but bearing a number not contemporaneously outstanding. Upon the
issuance of any new Certificate under this Section, 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 shall constitute
complete and indefeasible evidence of ownership in the Trust, as if originally
issued, whether or not the lost, stolen or destroyed Certificate shall be found
at any time.
Section 6.04 Persons Deemed Owners. Prior to due presentation of a
Certificate for registration of transfer, the Depositor, the Servicer, the
Trustee, the Certificate Registrar and any agent of the Depositor, the Servicer,
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 5.01 and for all other purposes
whatsoever, and none of the Depositor, the Servicer, the Trustee, the
Certificate Registrar or any agent of the Servicer, the Trustee or the
Certificate Registrar shall be affected by notice to the contrary.
ARTICLE VII
THE DEPOSITOR AND THE SERVICER
Section 7.01 Respective Liabilities of the Depositor and the
Servicer. The Depositor and the Servicer shall each be liable in accordance
herewith only to the extent of the obligations specifically and respectively
imposed upon and undertaken by the Depositor and the Servicer herein. By way of
illustration and not limitation, the Depositor is not liable for the servicing
and administration of the Mortgage Loans, nor is it obligated by Section 8.01 to
assume any obligations of the Servicer or to appoint a designee to assume such
obligations, nor is it liable for any other obligation hereunder that it may,
but is not obligated to, assume unless it elects to assume such obligation in
accordance herewith.
Section 7.02 Merger or Consolidation of the Depositor or the
Servicer. The Depositor and the Servicer will each keep in full effect its
existence, rights and franchises as a separate entity under the laws governing
its organization, and will each obtain and preserve its qualification to do
business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary to protect the validity and
enforceability of this Agreement, the Certificates or any of the Mortgage Loans
and to perform its respective duties under this Agreement.
Any Person into which the Depositor or the Servicer may be merged or
consolidated, or any corporation resulting from any merger or consolidation to
which the Depositor or the Servicer shall be a party, or any Person succeeding
to the business of the Depositor or the Servicer, shall be the successor of the
Depositor or the Servicer, as the case may be, hereunder, without the execution
or filing of any paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding; provided, however, that
the successor or surviving Person to the Servicer shall be qualified to service
mortgage loans on behalf of FNMA or FHLMC.
Section 7.03 Limitation on Liability of the Depositor, the Servicer
and Others. None of the Depositor, the Servicer or any of the directors,
officers, employees or agents of the Depositor or of the Servicer shall be under
any liability to the Trust Estate or the Certificateholders for any action taken
or for refraining from the taking of any action in good faith pursuant to this
Agreement, or for errors in judgment; provided, however, that this provision
shall not protect the Depositor, the Servicer or any such Person against any
breach of warranties or representations made herein or any liability which would
otherwise be imposed by reason of willful misfeasance, bad faith or gross
negligence in the performance of duties or by reason of reckless disregard of
obligations and duties hereunder. The Depositor, the Servicer and any director,
officer, employee or agent of the Depositor or the Servicer 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 Depositor, the Servicer
and any director, officer, employee or agent of the Depositor or the Servicer
shall be indemnified by the Trust Estate 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. Neither of the Depositor nor the Servicer shall be under any
obligation to appear in, prosecute or defend any legal action which is not
incidental to its respective duties under this Agreement and which in its
opinion may involve it in any expense or liability; provided, however, that the
Depositor or the Servicer may in its discretion undertake any such action which
it may deem necessary or desirable in respect to 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 Estate, and the Depositor and the Servicer shall be entitled to be
reimbursed therefor out of amounts attributable to the Mortgage Loans on deposit
in the Servicer Custodial Account as provided by Section 3.11.
Section 7.04 Depositor and Servicer Not to Resign. Subject to the
provisions of Section 7.02, neither the Depositor nor the Servicer shall resign
from its respective obligations and duties hereby imposed on it except upon
determination that its duties hereunder are no longer permissible under
applicable law. Any such determination permitting the resignation of the
Depositor or the Servicer shall be evidenced by an Opinion of Counsel to such
effect delivered to the Trustee. No such resignation by the Servicer shall
become effective until the Trustee or a successor Servicer shall have assumed
the Servicer's responsibilities and obligations in accordance with Section 8.05
hereof.
ARTICLE VIII
DEFAULT
Section 8.01 Events of Default. If any one of the following events
("Events of Default") shall occur and be continuing:
(a) any failure by the Servicer to deposit amounts in the Servicer
Custodial Account in the amount and manner provided herein so as to enable the
Trustee to distribute to Holders of Certificates any payment required to be made
under the terms of such Certificates and this Agreement (other than the payments
required to be made under Section 3.20) which continues unremedied for a period
of five days; or
(b) failure on the part of the Servicer duly to observe or perform
in any material respect any other covenants or agreements of the Servicer set
forth in the Certificates or in this Agreement, which covenants and agreements
continue unremedied for a period of 30 days after the date on which written
notice of such failure, requiring the same to be remedied, shall have been given
to the Servicer by the Trustee or the Depositor, or to the Servicer, the
Depositor and the Trustee by the Holders of Certificates evidencing Voting
Rights aggregating not less than 25% of all Certificates affected thereby; or
(c) 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 against the
Servicer, or for the winding up or liquidation of the Servicer's affairs, and
the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days; or
(d) the consent by the Servicer 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 Servicer
or of or relating to substantially all of its property; or the Servicer 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; or
(e) the failure of the Servicer to remit any Periodic Advance
required to be remitted by the Servicer pursuant to Section 3.20 which failure
continues unremedied at 3:00 p.m. on the related Distribution Date;
then, and in each and every such case, so long as an Event of Default shall not
have been remedied by the Servicer, either the Trustee or the Depositor may, and
at the direction of the Holders of Certificates evidencing Voting Rights
aggregating not less than 51% of all Certificates affected thereby shall, by
notice then given in writing to the Servicer (and to the Trustee, if given by
the Depositor, and to the Depositor, if given by the Trustee), terminate all of
the rights and obligations of the Servicer under this Agreement. If an Event of
Default described in clause (e) hereof shall occur, the Trustee shall, by notice
to the Servicer, terminate all of the rights and obligations of the Servicer
under this Agreement and in and to the Mortgage Loans and proceeds thereof and
the Trustee or a successor Servicer appointed pursuant to Section 8.05 shall
make the Advance which the Servicer failed to make. On or after the receipt by
the Servicer of such written notice, all authority and power of the Servicer
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 8.01, unless and until such time as the Trustee shall appoint
a successor Servicer pursuant to Section 8.05, and, without limitation, the
Trustee is hereby authorized and empowered to execute and deliver, on behalf of
the Servicer, 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 Servicer agrees to cooperate with
the Trustee in effecting the termination of the responsibilities and rights of
the Servicer hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that have been
deposited by the Servicer in the Servicer Custodial Account or thereafter
received by the Servicer with respect to the Mortgage Loans. Upon obtaining
notice or knowledge of the occurrence of any Event of Default, the Person
obtaining such notice or knowledge shall give prompt written notice thereof to
Certificateholders at their respective addresses appearing in the Certificate
Register and to each Rating Agency. All costs and expenses (including attorneys'
fees) incurred in connection with transferring the Mortgage Files to the
successor Servicer and amending this Agreement to reflect such succession as
Servicer pursuant to this Section 8.01 shall be paid by the predecessor
Servicer. Notwithstanding the termination of the Servicer pursuant hereto, the
Servicer shall remain liable for any causes of action arising out of any Event
of Default occurring prior to such termination.
Section 8.02 Remedies of Trustee. During the continuance of any
Event of Default, so long as such Event of Default shall not have been remedied,
the Trustee, in addition to the rights specified in Section 8.01, shall have the
right, in its own name as trustee of an express trust, to take all actions now
or hereafter existing at law, in equity or by statute to enforce its rights and
remedies and to protect the interests, and enforce the rights and remedies, of
the Certificateholders (including the institution and prosecution of all
judicial, administrative and other proceedings and the filing of proofs of claim
and debt in connection therewith). Except as otherwise expressly provided in
this Agreement, no remedy provided for by this Agreement shall be exclusive of
any other remedy, and each and every remedy shall be cumulative and in addition
to any other remedy and no delay or omission to exercise any right or remedy
shall impair any such right or remedy or shall be deemed to be a waiver of any
Event of Default.
Section 8.03 Directions by Certificateholders and Duties of Trustee
During Event of Default. During the continuance of any Event of Default, Holders
of Certificates evidencing Voting Rights aggregating not less than 25% of each
Class of Certificates affected thereby may direct 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; provided,
however, that the Trustee shall be under no obligation to pursue any such
remedy, or to exercise any of the trusts or powers vested in it by this
Agreement (including, without limitation, (a) the conducting or defending of any
administrative action or litigation hereunder or in relation hereto, and (b) the
terminating of the Servicer or any successor Servicer from its rights and duties
as servicer hereunder) at the request, order or direction of any of the
Certificateholders, 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 and, provided further,
that, subject to the provisions of Section 9.01, the Trustee shall have the
right to decline to follow any such direction if the Trustee, based upon an
Opinion of Counsel, determines that the action or proceeding so directed may not
lawfully be taken or if the Trustee in good faith determines that the action or
proceeding so directed would involve it in personal liability or be unjustly
prejudicial to the non-assenting Certificateholders.
Section 8.04 Action upon Certain Failures of the Servicer and upon
Event of Default. In the event that the Trustee shall have actual knowledge of
any failure of the Servicer specified in Section 8.01(a) or (b) which would
become an Event of Default upon the Servicer's failure to remedy the same after
notice, the Trustee shall give notice thereof to the Servicer. If the Trustee
shall have knowledge of an Event of Default, the Trustee shall give prompt
written notice thereof to the Certificateholders.
Section 8.05 Trustee to Act; Appointment of Successor.
(a) On and after the time the Servicer receives a notice of
termination pursuant to Section 8.01, the Trustee shall be the successor in all
respects to the Servicer in its capacity as servicer under this Agreement and
the transactions set forth or provided for herein and shall be subject to all
the responsibilities, duties and liabilities relating thereto placed on the
Servicer by the terms and provisions hereof or shall appoint a successor
pursuant to Section 3.07. Notwithstanding anything provided herein to the
contrary, under no circumstances shall any provision of this Agreement be
construed to require the Trustee, acting in its capacity as successor to the
Servicer in its obligation to make Advances, to advance, expend or risk its own
funds or otherwise incur any financial liability in the performance of its
duties hereunder if it shall have reasonable grounds for believing that such
funds are non-recoverable. Subject to Section 8.05(b), as compensation therefor,
the Trustee shall be entitled to such compensation as the terminated Servicer
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 having a net worth of not less than $10,000,000 as the
successor to the terminated Servicer hereunder in the assumption of all or any
part of the responsibilities, duties or liabilities of the Servicer hereunder;
provided, however, that (i) any such institution appointed as successor Servicer
shall not, as evidenced in writing by each Rating Agency, adversely affect the
then current rating of any Class of Certificates immediately prior to the
termination of the terminated Servicer. The appointment of a successor Servicer
shall not affect any liability of the predecessor Servicer which may have arisen
under this Agreement prior to its termination as Servicer, nor shall any
successor Servicer be liable for any acts or omissions of the predecessor
Servicer or for any breach by the Servicer of any of its representations or
warranties contained herein or in any related document or agreement. Pending
appointment of a successor to the terminated Servicer hereunder, unless the
Trustee is prohibited by law from so acting, the Trustee shall act in such
capacity as provided above. The Trustee and such successor shall take such
action, consistent with this Agreement, as shall be necessary to effectuate any
such succession.
(b) In connection with the appointment of a successor Servicer or
the assumption of the duties of the Servicer, as specified in Section 8.05(a),
the Trustee may make such arrangements for the compensation of such successor
out of payments on Mortgage Loans serviced by the predecessor Servicer as it and
such successor shall agree; provided, however, that any Person assuming the
duties of the Servicer shall pay to such predecessor an amount equal to the
market value of the portion of the Servicing Fee that will accrue in the future
due to the Servicing Fee Rate exceeding 0.25% per annum with respect to any
Mortgage Loan. The "market value" of such portion of the Servicing Fee shall be
determined by Bank of America, N.A., on the basis of at least two quotations
from third parties actively engaged in the servicing of single-family mortgage
loans. If the successor Servicer does not agree that such market value is a fair
price, such successor shall obtain two quotations of market value from third
parties actively engaged in the servicing of single-family mortgage loans. The
market value of the excess portion of the Servicing Fee will then be equal to
the average of (i) the lowest figure obtained by Bank of America, N.A., and (ii)
the highest figure obtained by the successor Servicer. Payment of the amount
calculated above shall be made to Bank of America, N.A., by the successor
Servicer no later than the last Business Day of the month in which such
successor Servicer becomes entitled to receive the Servicing Fee under this
Agreement. In no event will any portion of the Trust Estate be used to pay
amounts due to Bank of America, N.A. under this Section 8.05(b).
(c) Any successor, including the Trustee, to the Servicer as
servicer 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 Servicer
is so required pursuant to Section 3.03.
Section 8.06 Notification to Certificateholders. Upon any
termination or appointment of a successor to the Servicer pursuant to this
Article VIII, the Trustee shall give prompt written notice thereof to
Certificateholders at their respective addresses appearing in the Certificate
Register and to each Rating Agency.
ARTICLE IX
THE TRUSTEE
Section 9.01 Duties of Trustee.
(a) The Trustee, prior to the occurrence of an Event of Default and
after the curing or waiver 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. In case an Event of Default has occurred of which a
Responsible Officer of the Trustee shall have actual knowledge (which has not
been cured or waived), 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 reasonably prudent investor would exercise or use under the
circumstances in the conduct of such investor's 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.
(b) No provision of this Agreement shall be construed to relieve the
Trustee from liability for its own grossly negligent action, its own grossly
negligent failure to act or its own willful misfeasance; provided, however,
that:
(i) Prior to the occurrence of an Event of Default, and after the
curing or waiver of all such Events of Default which may have occurred, the
duties and obligations of the Trustee shall be determined solely by the
express provisions of this Agreement, the Trustee shall not be liable
except for the performance of such duties and obligations as are
specifically set forth in this Agreement, no implied covenants or
obligations shall be read into this Agreement against the Trustee and, in
the absence of bad faith on the part of the Trustee, the Trustee may
conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon any certificates or opinions furnished
to the Trustee by the Depositor or the Servicer and which on their face, do
not contradict the requirements of this Agreement;
(ii) The Trustee (in its individual capacity) shall not be
personally liable for an error of judgment made in good faith by a
Responsible Officer or Responsible Officers of the Trustee, unless it shall
be proved that the Trustee was grossly negligent in ascertaining the
pertinent facts;
(iii) The Trustee (in its individual capacity) 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
Certificateholders as provided in Section 8.03;
(iv) The Trustee shall not be charged with knowledge of any default
(other than a default in payment to the Trustee) specified in clauses (a)
and (b) of Section 8.01 or an Event of Default under clauses (c), (d) and
(e) of Section 8.01 unless a Responsible Officer of the Trustee assigned to
and working in the Corporate Trust Office obtains actual knowledge of such
failure or event or any officer of the Trustee receives written notice of
such failure or event at its Corporate Trust Office from the Servicer, the
Depositor or any Certificateholder; and
(v) Except to the extent provided in Section 8.05, no provision in
this Agreement shall require the Trustee to expend or risk its own funds
(including, without limitation, the making of any Advance as successor
Servicer) or otherwise incur any personal financial liability in the
performance of any of its duties as Trustee hereunder, or in the exercise
of any of its rights or powers, if the Trustee shall have reasonable
grounds for believing that repayment of funds or adequate indemnity against
such risk or liability is not reasonably assured to it.
Section 9.02 Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 9.01:
(i) The Trustee may request and rely upon 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 trusts 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 obligation,
upon the occurrence of an Event of Default (which has not been cured or
waived), 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 investor would exercise or use under the circumstances in the
conduct of such investor's 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 hereunder and
after the curing or waiving 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 document, unless requested in writing so to do by
Holders or Certificate or any Class evidencing, as to such Class,
Percentage Interests, aggregating not less than 50%; 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 expense or
liability or payment of such estimated expenses as a condition to so
proceeding; 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.
Section 9.03 Trustee Not Liable for Certificates or Mortgage Loans.
The recitals contained herein and in the Certificates (other than the execution
of, and the counter-signature on the Certificates) shall be taken as the
statements of the Depositor or Servicer, as applicable, and the Trustee assumes
no responsibility for their correctness. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the Certificates or any
Mortgage Loans save that the Trustee represents that, assuming due execution and
delivery by the other parties hereto, this Agreement has been duly authorized,
executed and delivered by it and constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms, subject, as to
enforcement of remedies, to applicable insolvency, receivership, moratorium and
other laws affecting the rights of creditors generally, and to general
principles of equity and the discretion of the court (regardless of whether
enforcement of such remedies is considered in a proceeding in equity or at law).
The Trustee shall not be accountable for the use or application by the Depositor
of funds paid to the Depositor in consideration of the assignment of the
Mortgage Loans hereunder by the Depositor, or for the use or application of any
funds paid to Subservicers or the Servicer in respect of the Mortgage Loans or
deposited into the Servicer Custodial Account, or any other account hereunder
(other than the Certificate Account) by the Servicer.
The Trustee shall at no time have any responsibility or liability
for or with respect to the legality, validity and enforceability of any Mortgage
or any Mortgage Loan, or the perfection and priority of any Mortgage or the
maintenance of any such perfection and priority or for or with respect to the
sufficiency of the Trust or its ability to generate the payments to be
distributed to Certificateholders under this Agreement, including, without
limitation: the existence, condition and ownership of any Mortgaged Property;
the existence and enforceability of any hazard insurance thereon (other than if
the Trustee shall assume the duties of the Servicer pursuant to Section 8.05 and
thereupon only for the acts or omissions of the successor Servicer); the
validity of the assignment of any Mortgage Loan to the Trustee or of any
intervening assignment; the completeness of any Mortgage Loan; the performance
or enforcement of any Mortgage Loan (other than if the Trustee shall assume the
duties of the Servicer pursuant to Section 8.05 and thereupon only for the acts
or omissions of the Trustee as successor Servicer); the compliance by the
Depositor or the Servicer with any warranty or representation made under this
Agreement or in any related document or the accuracy of any such warranty or
representation; any investment of monies by or at the direction of the Servicer
or any loss resulting therefrom, it being understood that the Trustee shall
remain responsible for any Trust property that it may hold in its individual
capacity; the acts or omissions of any of the Depositor, the Servicer (other
than if the Trustee shall assume the duties of the Servicer pursuant to Section
8.05 and thereupon only for the acts or omissions of the Trustee as successor
Servicer), any Subservicer or any Mortgagor; any action of the Servicer (other
than if the Trustee shall assume the duties of the Servicer pursuant to Section
8.05 and thereupon only for the acts or omissions of the Trustee as successor
Servicer) or any Subservicer taken in the name of the Trustee; the failure of
the Servicer or any Subservicer to act or perform any duties required of it as
agent of the Trustee hereunder; or any action by the Trustee taken at the
instruction of the Servicer (other than if the Trustee shall assume the duties
of the Servicer pursuant to Section 8.05 and thereupon only for the acts or
omissions of the Trustee as successor Servicer); provided, however, that the
foregoing shall not relieve the Trustee of its obligation to perform its duties
under this Agreement, including, without limitation, the Trustee's review of the
Mortgage Files pursuant to Section 2.02. The Trustee shall file any financing or
continuation statement in any public office at any time required to maintain the
perfection of any security interest or lien granted to it hereunder.
Section 9.04 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 it would have if it were not Trustee and may otherwise deal
with the Servicer, any Subservicer or any of their respective affiliates with
the same right it would have if it were not the Trustee.
Section 9.05 Eligibility Requirements for Trustee. The Trustee
hereunder shall at all times be (a) an institution the deposits of which are
fully insured by the FDIC and (b) a corporation or banking association organized
and doing business under the laws of the United States of America or of any
State, authorized under such laws to exercise corporate trust powers, having a
combined capital and surplus of not less than $50,000,000 and subject to
supervision or examination by Federal or State authority and (c) with respect to
every successor trustee hereunder either an institution (i) the long-term
unsecured debt obligations of which are rated at least "A" by S&P and "A2" by
Xxxxx'x or (ii) whose serving as Trustee hereunder would not result in the
lowering of the ratings originally assigned to any Class of Certificates. The
Trustee shall not be an affiliate of the Depositor or the Servicer. If such
corporation or banking association 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 9.05, the combined
capital and surplus of such corporation or banking association shall be deemed
to be its combined capital and surplus as set forth in its most recent report of
condition so published. In case at any time the Trustee shall cease to be
eligible in accordance with the provision of this Section 9.05, the Trustee
shall resign immediately in the manner and with the effect specified in Section
9.06.
Section 9.06 Resignation and Removal of Trustee. The Trustee may at
any time resign and be discharged from the trust hereby created by giving
written notice thereof to the Servicer and mailing a copy of such notice to all
Holders of record. The Trustee shall also mail a copy of such notice of
resignation to each Rating Agency. Upon receiving such notice of resignation,
the Servicer shall use their best efforts to promptly appoint a mutually
acceptable 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
shall have accepted appointment within 30 days after the giving of such notice
of resignation, the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee.
If at any time the Trustee shall cease to be eligible in accordance
with the provisions of Section 9.05 and shall fail to resign after written
request therefor by the Servicer, or if at any time the Trustee shall become
incapable of acting, 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, then the Servicer
may remove the Trustee and 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.
The Holders of Certificates evidencing not less than 50% of the
Voting Rights may at any time remove the Trustee by written instrument or
instruments delivered to the Servicer and the Trustee; the Servicer shall
thereupon use their best efforts to appoint a mutually acceptable successor
Trustee in accordance with this Section 9.06.
Any resignation or removal of the Trustee and appointment of a
successor Trustee pursuant to any of the provisions of this Section 9.06 shall
become effective upon acceptance of appointment by the successor Trustee as
provided in Section 9.07.
Section 9.07 Successor Trustee. Any successor Trustee appointed as
provided in Section 9.06 shall execute, acknowledge and deliver to the Servicer
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 herein. The predecessor Trustee shall duly assign, transfer,
deliver and pay over to the successor Trustee the whole of the Mortgage Files
and related documents and statements held by it hereunder, together with all
instruments of transfer and assignment or other documents properly executed as
may be reasonably required to effect such transfer and such of the records or
copies thereof maintained by the predecessor Trustee in the administration
hereof as may be reasonably requested by the successor Trustee and shall
thereupon be discharged from all duties and responsibilities under this
Agreement; provided, however, that if the predecessor Trustee has been
terminated pursuant to the third paragraph of Section 9.06, all reasonable
expenses of the predecessor Trustee incurred in complying with this Section 9.07
shall be reimbursed by the Trust.
No successor Trustee shall accept appointment as provided in this
Section 9.07 unless at the time of such appointment such successor Trustee shall
be eligible under the provisions of Section 9.05.
Upon acceptance of appointment by a successor Trustee as provided in
this Section 9.07, the Servicer shall cooperate to mail notice of the succession
of such Trustee hereunder to all Holders of Certificates at their addresses as
shown in the Certificate Register and to each Rating Agency. If the Servicer
fail to mail such notice within ten days after acceptance of appointment by the
successor Trustee, the successor Trustee shall cause such notice to be mailed at
the expense of the Servicer.
Section 9.08 Merger or Consolidation of Trustee. Any corporation or
banking association into which the Trustee may be merged or converted or with
which it may be consolidated, or any corporation or banking association
resulting from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation or banking association succeeding to all or
substantially all of the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, if such corporation or banking association
is eligible under the provisions of Section 9.05, 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 9.09 Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any of the provisions hereof, at any time, for the purpose of
meeting any legal requirements of any jurisdiction in which any Mortgaged
Property may at the time be located or for any other reason, the Servicer 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 as
co-trustee or separate trustee of all or any part of the Trust Estate, and to
vest in such Person or Persons, in such capacity, such title to the Trust
Estate, or any part thereof, and, subject to the other provision of this Section
9.09, such powers, duties, obligations, rights and trusts as the Servicer and
the Trustee may consider necessary or desirable. If the Servicer shall not have
joined in such appointment within ten days after the receipt by it of a request
to do so, 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 9.05 and no notice to Holders
of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall
be required under Section 9.07.
In the case of any appointment of a co-trustee or separate trustee
pursuant to this Section 9.09, 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, 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 Servicer 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 Estate or
any portion thereof in any such jurisdiction) shall be exercised and performed
by such separate trustee or co-trustee at the direction of the Trustee. No
trustee hereunder shall be held personally liable by reason of any act or
omission of any other trustee hereunder; provided, however, that no appointment
of a co-trustee or separate trustee hereunder shall relieve the Trustee of its
obligations hereunder.
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 IX. 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.
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 become incapable of acting, resign or be removed, or shall be adjudged a
bankrupt or insolvent, or a receiver of its property shall be appointed, or any
public officer shall take charge or control of such trustee or co-trustee or of
its property or affairs for the purpose of rehabilitation, conservation or
liquidation, all of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted by law, without
the appointment of a new or successor trustee.
Section 9.10 Authenticating Agents. The Trustee may appoint one or
more authenticating agents ("Authenticating Agents") which shall be authorized
to act on behalf of the Trustee in authenticating or countersigning
Certificates. Initially, the Authenticating Agent shall be The Bank of New York.
Wherever reference is made in this Agreement to the authentication or
countersigning of Certificates by the Trustee or the Trustee's certificate of
authentication or countersigning, such reference shall be deemed to include
authentication or countersigning on behalf of the Trustee by an Authenticating
Agent and a certificate of authentication or countersignature executed on behalf
of the Trustee by an Authenticating Agent. Each Authenticating Agent must be
acceptable to the Servicer and must be a corporation or banking association
organized and doing business under the laws of the United States of America or
of any State, having a principal office and place of business in New York, New
York, having a combined capital and surplus of at least $15,000,000, authorized
under such laws to do a trust business and subject to supervision or examination
by Federal or State authorities.
Any corporation or banking association into which any Authenticating
Agent may be merged or converted or with which it may be consolidated, or any
corporation or banking association resulting from any merger, conversion or
consolidation to which any Authenticating Agent shall be a party, or any
corporation or banking association succeeding to the corporate agency business
of any Authenticating Agent, shall continue to be the Authenticating Agent
without the execution or filing of any paper or any further act on the part of
the Trustee or the Authenticating Agent.
Any Authenticating Agent may at any time resign by giving written
notice of resignation to the Trustee and to the Servicer. The Trustee may at any
time terminate the agency of any Authenticating Agent by giving written notice
of termination to such Authenticating Agent and to the Servicer. Upon receiving
a notice of resignation or upon such a termination, or in case, at any time any
Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section 9.10, the Trustee may appoint a successor
Authenticating Agent, shall give written notice of such appointment to the
Servicer and shall mail notice of such appointment to all Certificateholders.
Any successor Authenticating Agent upon acceptance of its appointment hereunder
shall become vested with all the rights, powers, duties and responsibilities of
its predecessor hereunder, with like effect as if originally named as
Authenticating Agent.
Section 9.11 Trustee's Fees and Expenses. The Trustee, as
compensation for its activities hereunder, shall be entitled to receive on each
Distribution Date an amount equal to the Trustee Fee for such Distribution Date
pursuant to Section 5.02(a). The Trustee and any director, officer, employee or
agent of the Trustee shall be indemnified by the Trust and held harmless against
any loss, liability or expense (including reasonable attorney's fees) (a)
incurred in connection with any claim or legal action relating to (i) this
Agreement, (ii) the Certificates, or (iii) the performance of any of the
Trustee's duties hereunder, other than any loss, liability or expense incurred
by reason of willful misfeasance, bad faith or gross negligence in the
performance of any of the Trustee's duties hereunder, (b) resulting from any tax
or information return which was prepared by, or should have been prepared by,
the Servicer and (c) arising out of the transfer of any Private Certificate not
in compliance with ERISA. Such indemnity shall survive the termination of this
Agreement or the resignation or removal of the Trustee hereunder. Without
limiting the foregoing, except as otherwise agreed upon in writing by the
Depositor and the Trustee, and except for any such expense, disbursement or
advance as may arise from the Trustee's gross negligence, bad faith or willful
misconduct, the Trust shall reimburse the Trustee for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with
any of the provisions of this Agreement to the extent permitted by Treasury
Regulations Section 1.860G-1(b)(3)(ii) and (iii); provided, however, that the
Depositor and the Trustee intend to enter into a separate agreement for
custody-related services. Except as otherwise provided herein, the Trustee shall
not be entitled to payment or reimbursement for any routine ongoing expenses
incurred by the Trustee in the ordinary course of its duties as Trustee,
Certificate Registrar or Paying Agent hereunder or for any other expenses.
Section 9.12 Appointment of Custodian. The Trustee may at any time
on or after the Closing Date, with the consent of the Depositor and the
Servicer, appoint one or more Custodians to hold all or a portion of the
Mortgage Files as agent for the Trustee, by entering into a custodial agreement
in a form acceptable to the Depositor and the Servicer. Subject to this Article
IX, the Trustee agrees to comply with the terms of each Custodial Agreement and
to enforce the terms and provisions thereof against the Custodian for the
benefit of the Certificateholders. Each Custodian shall be a depository
institution subject to supervision by federal or state authority, shall have a
combined capital and surplus of at least $10,000,000 and shall be qualified to
do business in the jurisdiction in which it holds any Mortgage File.
Section 9.13 Paying Agents. The Trustee may appoint one or more
Paying Agents (each, a "Paying Agent") which shall be authorized to act on
behalf of the Trustee in making withdrawals from the Certificate Account and
distributions to Certificateholders as provided in Section 3.08 and Section
5.02. Wherever reference is made in this Agreement to the withdrawal from the
Certificate Account by the Trustee, such reference shall be deemed to include
such a withdrawal on behalf of the Trustee by a Paying Agent. Initially, the
Paying Agent shall be The Bank of New York. Whenever reference is made in this
Agreement to a distribution by the Trustee or the furnishing of a statement to
Certificateholders by the Trustee, such reference shall be deemed to include
such a distribution or furnishing on behalf of the Trustee by a Paying Agent.
Each Paying Agent shall provide to the Trustee such information concerning the
Certificate Account as the Trustee shall request from time to time. Each Paying
Agent must be reasonably acceptable to the Servicer and must be a corporation or
banking association organized and doing business under the laws of the United
States of America or of any state, having (except in the case of the Trustee) a
principal office and place of business in New York, New York, having a combined
capital and surplus of at least $15,000,000, authorized under such laws to do a
trust business and subject to supervision or examination by federal or state
authorities.
Any corporation into which any Paying Agent may be merged or
converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which any Paying Agent shall be
a party, or any corporation succeeding to the corporate agency business of any
Paying Agent, shall continue to be the Paying Agent provided that such
corporation after the consummation of such merger, conversion, consolidation or
succession meets the eligibility requirements of this Section 9.13.
Any Paying Agent may at any time resign by giving written notice of
resignation to the Trustee and to the Servicer; provided that the Paying Agent
has returned to the Certificate Account or otherwise accounted, to the
reasonable satisfaction of the Trustee, for all amounts it has withdrawn from
the Certificate Account. The Trustee may, upon prior written approval of the
Servicer, at any time terminate the agency of any Paying Agent by giving written
notice of termination to such Paying Agent and to the Servicer. Upon receiving a
notice of resignation or upon such a termination, or in case at any time any
Paying Agent shall cease to be eligible in accordance with the provisions of the
first paragraph of this Section 9.13, the Trustee may appoint, upon prior
written approval of the Servicer, a successor Paying Agent, shall give written
notice of such appointment to the Servicer and shall mail notice of such
appointment to all Certificateholders. Any successor Paying Agent upon
acceptance of its appointment hereunder shall become vested with all rights,
powers, duties and responsibilities of its predecessor hereunder, with like
effect as if originally named as Paying Agent. The Trustee shall remain liable
for any duties and obligations assumed by its appointed Paying Agent.
Section 9.14 Limitation of Liability. The Certificates are executed
by the Trustee, not in its individual capacity but solely as Trustee of the
Trust, in the exercise of the powers and authority conferred and vested in it by
this Agreement. Each of the undertakings and agreements made on the part of the
Trustee in the Certificates is made and intended not as a personal undertaking
or agreement by the Trustee but is made and intended for the purpose of binding
only the Trust.
Section 9.15 Trustee May Enforce Claims Without Possession of
Certificates. All rights of action and claims under this Agreement or the
Certificates may be prosecuted and enforced by the Trustee without the
possession of any of the Certificates or the production thereof in any
proceeding relating thereto, and such preceding instituted by the Trustee shall
be brought in its own name or in its capacity as Trustee. Any recovery of
judgment shall, after provision for the payment of the reasonable compensation,
expenses, disbursement and advances of the Trustee, its agents and counsel, be
for the ratable benefit of the Certificateholders in respect of which such
judgment has been recovered.
Section 9.16 Suits for Enforcement. In case an Event of Default or
other default by the Servicer or the Depositor hereunder shall occur and be
continuing, the Trustee, in its discretion, may proceed to protect and enforce
its rights and the rights of the Holders of Certificates under this Agreement by
a suit, action or proceeding in equity or at law or otherwise, whether for the
specific performance of any covenant or agreement contained in this Agreement or
in aid of the execution of any power granted in this Agreement or for the
enforcement of any other legal, equitable or other remedy, as the Trustee, being
advised by counsel, shall deem most effectual to protect and enforce any of the
rights of the Trustee and the Certificateholders.
Section 9.17 Waiver of Bond Requirement. The Trustee shall be
relieved of, and each Certificateholder hereby waives, any requirement of any
jurisdiction in which the Trust, or any part thereof, may be located that the
Trustee post a bond or other surety with any court, agency or body whatsoever.
Section 9.18 Waiver of Inventory, Accounting and Appraisal
Requirement. The Trustee shall be relieved of, and each Certificateholder hereby
waives, any requirement of any jurisdiction in which the Trust, or any part
thereof, may be located that the Trustee file any inventory, accounting or
appraisal of the Trust with any court, agency or body at any time or in any
manner whatsoever.
ARTICLE X
TERMINATION
Section 10.01 Termination upon Purchase by the Depositor or
Liquidation of All Mortgage Loans. Subject to Section 10.02, the respective
obligations and responsibilities of the Depositor, the Servicer and the Trustee
created hereby (other than the obligation of Trustee to make certain payments to
Certificateholders after the Final Distribution Date and to send certain notices
as hereinafter set forth and the obligations of the Trustee pursuant to Sections
5.04(b) and 5.05(b)) shall terminate upon the last action required to be taken
by the Trustee on the Final Distribution Date pursuant to this Article X
following the earlier of (a) the purchase by the Depositor of all Mortgage Loans
and all REO Property remaining in the Trust Estate at a price equal to the sum
of (i) 100% of the Stated Principal Balance of each Mortgage Loan (other than
any Mortgage Loan as to which REO Property has been acquired and whose fair
market value is included pursuant to clause (ii) below) and (ii) the fair market
value of such REO Property (as determined by the Depositor as of the close of
business on the third Business Day next preceding the date upon which notice of
any such termination is furnished to Certificateholders pursuant to the third
paragraph of this Article X), plus any Class Unpaid Interest Shortfall for any
Class of Certificates as well as one month's interest at the related Mortgage
Rate on the Stated Principal Balance of each Mortgage Loan (including any
Mortgage Loan as to which REO Property has been acquired) or (b) the final
payment or other liquidation (or any advance with respect thereto) of the last
Mortgage Loan remaining in the Trust Estate or the disposition of all REO
Property; provided, however, that in no event shall the Trust 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 to the Court of St. Xxxxx, living on the date hereof.
The right of the Depositor to repurchase all Mortgage Loans pursuant
to (a) above is conditioned upon the Pool Stated Principal Balance as of the
Final Distribution Date being less than 10% of the Cut-Off Date Pool Principal
Balance. If such right is exercised, the Trustee shall, promptly following
payment of the purchase price, release to the Depositor or its designee the
Mortgage Files pertaining to the Mortgage Loans being purchased.
Notice of any termination, specifying the Final Distribution Date
(which shall be a date that would otherwise be a Distribution Date) upon which
the Certificateholders may surrender their Certificates to the Trustee for
payment of the final distribution and for cancellation, shall be given promptly
by the Depositor (if exercising its right to purchase the assets of the Trust)
or by the Trustee (in any other case) 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 (1) the Final
Distribution Date upon which final payment of the Certificates will be made upon
presentation and surrender of Certificates at the office or agency of the
Trustee therein designated, (2) the amount of any such final payment and (3)
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 or agency of the Trustee therein specified. If the
Depositor is obligated to give notice to Certificateholders as aforesaid, it
shall give such notice to the Trustee and the Certificate Registrar at the time
such notice is given to Certificateholders. In the event such notice is given by
the Depositor, the Depositor shall deposit in the Certificate Account on or
before the Final Distribution Date in immediately available funds an amount
equal to the amount necessary to make the amount, if any, on deposit in the
Certificate Account on the Final Distribution Date equal to the purchase price
for the related assets of the Trust computed as above provided together with a
statement as to the amount to be distributed on each Class of Certificates
pursuant to the next succeeding paragraph.
Upon presentation and surrender of the Certificates, the Trustee
shall cause to be distributed to Certificateholders of each Class, in the order
set forth in Section 5.02 hereof, on the final Distribution Date and in
proportion to their respective Percentage Interests, with respect to
Certificateholders of the same Class, an amount equal to (I) as to each Class of
Certificates, the Class Certificate Balance thereof plus (a) accrued interest
thereon in the case of an interest bearing Certificate and (b) the Ratio Strip
Deferred Amount with respect to the Class A-4 Certificates, and (II) as to the
Class A-R Certificate, the amounts, if any, which remain on deposit in the
Certificate Account (other than the amounts retained to meet claims) after
application pursuant to clause (I) above.
If all of the Certificateholders do not surrender their Certificates
for final payment and cancellation on or before the Final Distribution Date, the
Trustee shall on such date cause all funds in the Certificate Account not
distributed in final distribution to Certificateholders to continue to be held
by the Trustee in an Eligible Account for the benefit of such Certificateholders
and the Depositor (if it exercised its right to purchase the assets of the Trust
Estate) or the Trustee (in any other case) shall give a second written notice to
the remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect thereto. If within
one year after the second notice all the Certificates shall not have been
surrendered for cancellation, the Trustee may take appropriate steps, or may
appoint an agent to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates, and the cost
thereof shall be paid out of the funds on deposit in such Eligible Account.
Section 10.02 Additional Termination Requirements.
(a) If the Depositor exercises its purchase option as provided in
Section 10.01, the Trust shall be terminated in accordance with the following
additional requirements, unless the Trustee has received an Opinion of Counsel
to the effect that the failure of the Trust to comply with the requirements of
this Section 10.02 will not (i) result in the imposition of taxes on "prohibited
transactions" of the Trust as defined in Section 860F of the Code, or (ii) cause
the Trust Estate 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 Depositor under Section 10.01, the Trustee shall
sell all of the assets of the Trust Estate to the Depositor for cash; and
(ii) the notice given by the Depositor or the Trustee pursuant to
Section 10.01 shall provide that such notice constitutes the adopting of a
plan of complete liquidation of the REMIC as of the date of such notice
(or, if earlier, the date on which such notice was mailed to
Certificateholders). The Trustee shall also specify such date in the final
tax return of the REMIC.
(b) By the acceptance of the Residual Certificate, the Holder
thereof hereby agrees to take such other action in connection with such plan of
complete liquidation as may be reasonably requested by the Depositor.
ARTICLE XI
MISCELLANEOUS PROVISIONS
Section 11.01 Amendment. This Agreement may be amended from time to
time by the Depositor, the Servicer and the Trustee without the consent of any
of the Certificateholders, (i) to cure any ambiguity or mistake, (ii) to correct
or supplement any provisions herein or therein which may be inconsistent with
any other provisions of this Agreement, any amendment to this Agreement or the
related Prospectus Supplement, (iii) to modify, eliminate or add to any of its
provisions to such extent as shall be necessary to maintain the qualification of
the Trust Estate as a REMIC at all times that any Certificates are outstanding
or to avoid or minimize the risk of the imposition of any tax on the REMIC
pursuant to the Code that would be a claim against the Trust Estate, provided
that (a) the Trustee has received an Opinion of Counsel to the effect that such
action is necessary or desirable to maintain such qualification or to avoid or
minimize the risk of the imposition of any such tax and (b) such action shall
not, as evidenced by such Opinion of Counsel, adversely affect in any material
respect the interests of any Certificateholder, (iv) to change the timing and/or
nature of deposits into the Certificate Account provided that (a) such change
shall not, as evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder and (b) such change
shall not adversely affect the then-current rating of the Senior Certificates,
the Class B-1 Certificates, the Class B-2 Certificates, the Class B-3
Certificates, the Class B-4 Certificates or the Class B-5 Certificates as
evidenced by a letter from each Rating Agency rating such Certificates to such
effect, (v) to reduce the percentage of the Cut-Off Date Pool Principal Balance
at which the Depositor will have the option to purchase all the remaining
Mortgage Loans in accordance with Section 10.01, provided that such reduction is
considered necessary by the Depositor, as evidenced by an Officer's Certificate
delivered to the Trustee, to preserve the treatment of the transfer of the
Mortgage Loans to the Depositor by the Seller or to the Trust by the Depositor
as sale for accounting purposes, and (vi) to make 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 that
such action shall not, as evidenced by an Opinion of Counsel, adversely affect
in any material respect the interests of any Certificateholder, provided that
the amendment shall not be deemed to adversely affect in any material respect
the interests of the Certificateholders and no Opinion of Counsel to that effect
shall be required if the Person requesting the amendment obtains a letter from
each Rating Agency stating that the amendment would not result in the
downgrading or withdrawal of the respective ratings then assigned to the
Certificates.
This Agreement may also be amended from time to time by the
Depositor, the Servicer and the Trustee, with the consent of the Holders of
Certificates of each Class of Certificates which is affected by such amendment,
evidencing, as to each such Class of Certificates, Percentage Interests
aggregating not less than 66-2/3%, 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 such 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 Mortgage Loans or
distributions which are required to be made on any Certificate without the
consent of the Holder of such Certificate or (B) reduce the aforesaid percentage
required to consent to any such amendment, without the consent of the Holders of
all Certificates then Outstanding.
Prior to the solicitation of consent of Certificateholders in
connection with any such amendment, the party seeking such amendment shall
furnish the Trustee with an Opinion of Counsel stating whether such amendment
would adversely affect the qualification of the Trust Estate as a REMIC and
notice of the conclusion expressed in such Opinion of Counsel shall be included
with any such solicitation. An amendment made with the consent of all
Certificateholders and executed in accordance with this Section 11.01 shall be
permitted or authorized by this Agreement notwithstanding that such Opinion of
Counsel may conclude that such amendment would adversely affect the
qualification of the Trust Estate as a REMIC.
Promptly after the execution of any such amendment or consent the
Trustee shall furnish written notification of the substance of or a copy of such
amendment to each Certificateholder and to each Rating Agency.
It shall not be necessary for the consent of Certificateholders
under this Section 11.01 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 11.02 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
Servicer and at its expense on direction by the Trustee, who will act at the
direction of Holders of Certificates evidencing not less than 50% of all Voting
Rights, 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 11.03 Limitation on Rights of Certificateholders. The death
or incapacity of any Certificateholder shall not operate to terminate this
Agreement or the Trust, 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,
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 herein) or in any manner otherwise control the operation and management
of the Trust, or the obligations of the parties hereto, nor shall anything
herein set forth, or contained in the terms of the Certificates, be construed so
as to constitute the Certificateholders from time to time as partners or members
of an association; nor shall any Certificateholder be under any liability to any
third person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or by availing
itself of any provisions of this Agreement to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Agreement,
unless such Holder previously shall have given to the Trustee a written notice
of default and of the continuance thereof, as provided herein, and unless also
the Holders of Certificates evidencing Percentage Interests aggregating not less
than 25% of each Class of Certificates affected thereby 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 11.03, each and every
Certificateholder and the Trustee shall be entitled to such relief as can be
given either at law or in equity.
Section 11.04 Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT APPLICATION OF THE
CONFLICTS OF LAWS PROVISIONS THEREOF, AND THE OBLIGATIONS, RIGHTS AND REMEDIES
OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 11.05 Notices. All demands, notices, instructions,
directions, requests, and communications required to be delivered 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, (provided,
however, that notices to the Trustee may be delivered by facsimile and shall be
deemed effective upon receipt) to (a) in the case of the Depositor, Bank of
America Mortgage Securities, Inc., 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxx
Xxxxxxxx 00000, Attention: General Counsel and Chief Financial Officer, (b) in
the case of the Servicer, Bank of America, N.A., 000 Xxxx Xxxx Xxxxxx, Xxxxx
000, Xxxxxxxxxx, Xxxxxxxx 00000, Attention: Servicing Manager, with a copy to:
Bank of America, N.A. 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000,
Attention: General Counsel and Chief Financial Officer, (c) in the case of the
Trustee, 0 Xxxx Xxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention:
Corporate Trust - MBS Group (Fax: (000) 000-0000), (d) in the case of Moody's,
Xxxxx'x Investors Service, Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000,
Attn: Residential Mortgage Monitoring Group, and (e) in the case of S&P,
Standard & Poor's, a division of The XxXxxx-Xxxx Companies, Inc., 00 Xxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attn: Mortgage Surveillance Group; or, as to
each party, at such other address as shall be designated by such party in a
written notice to each other party. Any notice required or permitted to be
mailed to a Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the Certificate Register. Any
notice so mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 11.06 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 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 11.07 Certificates Nonassessable and Fully Paid. It is the
intention of the Trustee that Certificateholders shall not be personally liable
for obligations of the Trust Estate, that the beneficial ownership interests
represented by the Certificates shall be nonassessable for any losses or
expenses of the Trust Estate or for any reason whatsoever, and that Certificates
upon execution, countersignature and delivery thereof by the Trustee pursuant to
Section 6.01 are and shall be deemed fully paid.
Section 11.08 Access to List of Certificateholders. The Certificate
Registrar will furnish or cause to be furnished to the Trustee, within 15 days
after the receipt of a request by the Trustee in writing, a list, in such form
as the Trustee 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 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 a 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 such list, 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 11.09 Recharacterization. The parties to this Agreement
intend the conveyance by the Depositor to the Trustee of all of its right, title
and interest in and to the Mortgage Loans pursuant to this Agreement to
constitute a purchase and sale and not a loan. Notwithstanding the foregoing, to
the extent that such conveyance is held not to constitute a sale under
applicable law, it is intended that this Agreement shall constitute a security
agreement under applicable law and that the Depositor shall be deemed to have
granted to the Trustee a first priority security interest in all of the
Depositor's right, title and interest in and to the Mortgage Loans.
IN WITNESS WHEREOF, the Depositor, the Servicer and the Trustee have
caused this Agreement to be duly executed by their respective officers thereunto
duly authorized to be hereunto affixed, all as of the day and year first above
written.
BANK OF AMERICA MORTGAGE SECURITIES, INC.,
as Depositor
By:
---------------------------------------
Name: Xxxx Xxxx
Title: Vice President
BANK OF AMERICA, N.A.,
as Servicer
By:
---------------------------------------
Name: Xxxxxx X. XxXxxxxxx
Title: Senior Vice President
THE BANK OF NEW YORK,
as Trustee
By:
---------------------------------------
Name:
Title:
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
)
On the 25th day of April, 2002, before me, a notary public in and
for the State of New York, personally appeared _________________, known to me
who, being by me duly sworn, did depose and say that s/he is a ________________
of The Bank of New York, a New York banking corporation, one of the parties that
executed the foregoing instrument; and that s/he signed his/her name thereto by
order of the Board of Directors of such corporation.
_______________________________________
Notary Public
[Notarial Seal]
My commission expires ____________.
STATE OF NORTH CAROLINA )
) ss.:
COUNTY OF MECKLENBURG )
)
On the 25th day of April, 2002, before me, a notary public in and
for the State of North Carolina, personally appeared Xxxx Xxxx, known to me who,
being by me duly sworn, did depose and say that she is the Vice President of
Bank of America Mortgage Securities, Inc. a Delaware corporation, one of the
parties that executed the foregoing instrument; and that she signed her name
thereto by order of the Board of Directors of such corporation.
_______________________________________
Notary Public
[Notarial Seal]
My commission expires ____________.
STATE OF NORTH CAROLINA )
) ss.:
COUNTY OF MECKLENBURG )
)
On the 25th day of April, 2002, before me, a notary public in and
for the State of North Carolina, personally appeared Xxxxxx X. XxXxxxxxx, known
to me who, being by me duly sworn, did depose and say that he is the Senior Vice
President of Bank of America, N.A., a national banking association, one of the
parties that executed the foregoing instrument; and that he signed her name
thereto by order of the Board of Directors of such corporation.
_______________________________________
Notary Public
[Notarial Seal]
My commission expires ____________.
EXHIBIT A-1
[FORM OF FACE OF CLASS A-1 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-1
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-1
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $362,597,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HE 1
ISIN No.: US06050HHE18
This certifies that _____________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT A-2
[FORM OF FACE OF CLASS A-2 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-2
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-2
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $50,000,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HF 8
ISIN No.: US06050HHF82
This certifies that _____________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT A-3
[FORM OF FACE OF CLASS A-3 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-3
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
AFTER THE SENIOR CREDIT SUPPORT DEPLETION DATE, THE PRINCIPAL PORTION OF
REALIZED LOSSES ALLOCATED TO THE CLASS A-2 CERTIFICATES WILL BE BORNE BY THE
CLASS A-3 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT
REFERRED TO HEREIN.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-3
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $1,425,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HG 6
ISIN No.: US06050HHG65
This certifies that _____________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT A-4
[FORM OF FACE OF CLASS A-4 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-4
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-4
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $666,340.00
Pass-Through Rate: Principal Only/Variable
CUSIP No.: 06050H HH 4
ISIN No.: US06050HHH49
This certifies that _____________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
This Class A-4 Certificate represents the right to receive principal only
prior to and including the Distribution Date in March 2007. After the March 2007
Distribution Date, interest will accrue at a rate equal to the weighted average
of the Net Mortgage Interest Rates of the Mortgage Loans (based on the Stated
Principal Balances of the Mortgage Loans on the Due Date in the month preceding
the month of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT A-R
[FORM OF FACE OF CLASS A-R CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-R
SOLELY 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 AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
THIS CLASS A-R CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT, SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED ("ERISA"), THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW WHICH IS SIMILAR
TO ERISA OR THE CODE (COLLECTIVELY, A "PLAN"), OR A PERSON ACTING ON BEHALF OF
OR INVESTING ASSETS OF A PLAN.
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN TAX RELATED TRANSFER
RESTRICTIONS DESCRIBED HEREIN AND IN THE POOLING AND SERVICING AGREEMENT. ANY
ATTEMPTED OR PURPORTED TRANSFER OF THIS RESIDUAL CERTIFICATE IN VIOLATION OF
SUCH RESTRICTIONS SHALL BE ABSOLUTELY NULL AND VOID AND SHALL VEST NO RIGHTS IN
THE PURPORTED TRANSFEREE.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class A-R
evidencing a 100% Percentage Interest in the distributions allocable to the
Certificate of the above-referenced Class with respect to a Trust consisting
primarily of a pool of adjustable-rate mortgage loans (the "Mortgage Loans")
secured by first liens on one- to four-family residential properties deposited
by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $100.00
Initial Class Certificate
Balance of this Class: $100.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HJ 0
ISIN No.: US06050HHJ05
This certifies that _____________________ is the registered owner of 100%
Percentage Interest evidenced by this Certificate in certain monthly
distributions with respect to a Trust consisting of the Mortgage Loans deposited
by Bank of America Mortgage Securities, Inc. (the "Depositor"). The Trust was
created pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Any distribution of the proceeds of any remaining assets of the
Certificate Account will be made only upon presentment and surrender of this
Class A-R Certificate at the Corporate Trust Office.
Each Person who has or who acquires this Class A-R Certificate shall be
deemed by the acceptance or acquisition thereof to have agreed to be bound by
the following provisions and the rights of each Person acquiring this Class A-R
Certificate are expressly subject to the following provisions: (i) each Person
holding or acquiring this Class A-R Certificate shall be a Permitted Transferee
and shall promptly notify the Trustee of any change or impending change in its
status as a Permitted Transferee; (ii) no Person shall acquire an ownership
interest in this Class A-R Certificate unless such ownership interest is a pro
rata undivided interest; (iii) in connection with any proposed transfer of this
Class A-R Certificate, the Trustee shall require delivery to it, in form and
substance satisfactory to it, of an affidavit in the form of Exhibit I to the
Pooling and Servicing Agreement; (iv) notwithstanding the delivery of an
affidavit by a proposed transferee under clause (iii) above, if a Responsible
Officer of the Trustee has actual knowledge that the proposed transferee is not
a Permitted Transferee, no transfer of any Ownership Interest in this Residual
Certificate to such proposed transferee shall be effected; (v) this Residual
Certificate may not be purchased by or transferred to any Person that is not a
U.S. Person, unless (A) such Person holds this Residual Certificate in
connection with the conduct of a trade or business within the United States and
furnishes the transferor and the Trustee with an effective Internal Revenue
Service Form 4224 (or any successor thereto) or (B) the transferee delivers to
both the transferor and the Trustee an Opinion of Counsel from a
nationally-recognized tax counsel to the effect that such transfer is in
accordance with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of this Residual Certificate will not be
disregarded for federal income tax purposes; (vi) any attempted or purported
transfer of this Class A-R Certificate in violation of the provisions of such
restrictions shall be absolutely null and void and shall vest no rights in the
purported transferee; and (vii) if any Person other than a Permitted Transferee
acquires the Class A-R Certificate in violation of such restrictions, then the
Trustee, based on information provided to the Trustee by the Servicer, will
provide to the Internal Revenue Service, and to the Persons specified in Section
860E(e)(3) and (6) of the Code, information needed to compute the tax imposed
under Section 860E(e) of the Code on transfers of residual interests to
disqualified organizations.
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-1
[FORM OF FACE OF CLASS B-1 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-1
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A CERTIFICATES
AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-1
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $5,767,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HK 7
ISIN No.: US06050HHK77
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-2
[FORM OF FACE OF CLASS B-2 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-2
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A AND CLASS
B-1 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-2
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $2,134,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HL 5
ISIN No.: US06050HHL50
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-3
[FORM OF FACE OF CLASS B-3 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-3
[UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE DEPOSITOR 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.]
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1
AND CLASS B-2 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-3
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $2,134,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HM 3
ISIN No.: US06050HHM34
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-4
[FORM OF FACE OF CLASS B-4 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-4
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2 AND CLASS B-3 CERTIFICATES AS DESCRIBED IN THE POOLING AND SERVICING
AGREEMENT.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT
REGISTRATION THEREOF UNDER THE 1933 ACT MAY ONLY BE MADE IN A TRANSACTION
EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN.
UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS CERTIFICATE BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT, SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED ("ERISA"), THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE (COLLECTIVELY, A "PLAN"), MAY RESULT IN
"PROHIBITED TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE DELIVERS TO
THE TRUSTEE EITHER (I) A REPRESENTATION LETTER, IN FORM AND SUBSTANCE
SATISFACTORY TO THE TRUSTEE, STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF OF, ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY, THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60
("PTE 95-60"), 60 FED. REG. 35925 (JULY 12, 1995)), THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL ACCOUNT'S RESERVES AND LIABILITIES
FOR THE CONTRACT(S) HELD BY OR ON BEHALF OF SUCH PLAN AND ALL OTHER PLANS
MAINTAINED BY THE SAME EMPLOYER (OR AFFILIATE THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME EMPLOYEE ORGANIZATION EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND LIABILITIES OF SUCH GENERAL ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH GENERAL ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICER, TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF ERISA, THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE DEPOSITOR, THE SERVICER OR THE TRUSTEE TO ANY OBLIGATION IN ADDITION TO
THOSE UNDERTAKEN IN THE POOLING AND SERVICING AGREEMENT. EACH PERSON WHO
ACQUIRES THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE DEEMED TO HAVE MADE
THE REPRESENTATIONS REQUIRED BY THE REPRESENTATION LETTER REFERRED TO IN THE
PRECEDING SENTENCE, UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL REFERRED TO IN THE PRECEDING SENTENCE TO THE
TRUSTEE. THE POOLING AND SERVICING AGREEMENT PROVIDES THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-4
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $641,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HN 1
ISIN No: US06050HHN17
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
No transfer of a Certificate of this Class shall be made unless such
transfer is exempt from the registration requirements of the Securities Act of
1933, as amended (the "1933 Act"), and any applicable state securities laws or
is made in accordance with the 1933 Act and such laws. In the event of any such
transfer, (i) unless the transfer is made in reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written Opinion of Counsel
(which may be in-house counsel) acceptable to and in form and substance
reasonably satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption, describing the applicable exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws, which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor and (ii) the Trustee shall require a certificate from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as Exhibit G-1 and a certificate
from such Certificateholder's prospective transferee substantially in the form
attached to the Pooling and Servicing Agreement either as Exhibit G-2A or as
Exhibit G-2B, which certificates shall not be an expense of the Trustee or the
Depositor; provided that the foregoing requirements under clauses (i) and (ii)
shall not apply to a transfer of a Private Certificate between or among the
Depositor, the Seller, their affiliates or both. The Holder of a Private
Certificate desiring to effect such transfer shall, and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-5
[FORM OF FACE OF CLASS B-5 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-5
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2, CLASS B-3 AND CLASS B-4 CERTIFICATES AS DESCRIBED IN THE POOLING AND
SERVICING AGREEMENT.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT
REGISTRATION THEREOF UNDER THE 1933 ACT MAY ONLY BE MADE IN A TRANSACTION
EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN.
UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS CERTIFICATE BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT, SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED ("ERISA"), THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE (COLLECTIVELY, A "PLAN"), MAY RESULT IN
"PROHIBITED TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE DELIVERS TO
THE TRUSTEE EITHER (I) A REPRESENTATION LETTER, IN FORM AND SUBSTANCE
SATISFACTORY TO THE TRUSTEE, STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF OF, ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY, THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60
("PTE 95-60"), 60 FED. REG. 35925 (JULY 12, 1995)), THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL ACCOUNT'S RESERVES AND LIABILITIES
FOR THE CONTRACT(S) HELD BY OR ON BEHALF OF SUCH PLAN AND ALL OTHER PLANS
MAINTAINED BY THE SAME EMPLOYER (OR AFFILIATE THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME EMPLOYEE ORGANIZATION EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND LIABILITIES OF SUCH GENERAL ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH GENERAL ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICER, TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF ERISA, THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE DEPOSITOR, THE SERVICER OR THE TRUSTEE TO ANY OBLIGATION IN ADDITION TO
THOSE UNDERTAKEN IN THE POOLING AND SERVICING AGREEMENT. EACH PERSON WHO
ACQUIRES THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE DEEMED TO HAVE MADE
THE REPRESENTATIONS REQUIRED BY THE REPRESENTATION LETTER REFERRED TO IN THE
PRECEDING SENTENCE, UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL REFERRED TO IN THE PRECEDING SENTENCE TO THE
TRUSTEE. THE POOLING AND SERVICING AGREEMENT PROVIDES THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-5
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $640,000.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HP 6
ISIN No.: US06050HHP64
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
No transfer of a Certificate of this Class shall be made unless such
transfer is exempt from the registration requirements of the Securities Act of
1933, as amended (the "1933 Act"), and any applicable state securities laws or
is made in accordance with the 1933 Act and such laws. In the event of any such
transfer, (i) unless the transfer is made in reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written Opinion of Counsel
(which may be in-house counsel) acceptable to and in form and substance
reasonably satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption, describing the applicable exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws, which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor and (ii) the Trustee shall require a certificate from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as Exhibit G-1 and a certificate
from such Certificateholder's prospective transferee substantially in the form
attached to the Pooling and Servicing Agreement either as Exhibit G-2A or as
Exhibit G-2B, which certificates shall not be an expense of the Trustee or the
Depositor; provided that the foregoing requirements under clauses (i) and (ii)
shall not apply to a transfer of a Private Certificate between or among the
Depositor, the Seller, their affiliates or both. The Holder of a Private
Certificate desiring to effect such transfer shall, and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT B-6
[FORM OF FACE OF CLASS B-6 CERTIFICATE]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-6
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR
INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE").
REDUCTIONS OF THE CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS
DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN. ACCORDINGLY,
THE OUTSTANDING CERTIFICATE BALANCE OF THIS CERTIFICATE MAY BE LESS THAN THE
AMOUNT SET FORTH BELOW.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE CLASS A, CLASS B-1,
CLASS B-2, CLASS B-3, CLASS B-4 AND CLASS B-5 CERTIFICATES AS DESCRIBED IN THE
POOLING AND SERVICING AGREEMENT.
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "1933 ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT
REGISTRATION THEREOF UNDER THE 1933 ACT MAY ONLY BE MADE IN A TRANSACTION
EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN ACCORDANCE
WITH THE PROVISIONS OF THE POOLING AND SERVICING AGREEMENT REFERENCED HEREIN.
UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS CERTIFICATE BY OR ON BEHALF
OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, INCLUDING AN INDIVIDUAL RETIREMENT
ACCOUNT, SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS
AMENDED ("ERISA"), THE CODE OR ANY FEDERAL, STATE OR LOCAL LAW ("SIMILAR LAW")
WHICH IS SIMILAR TO ERISA OR THE CODE (COLLECTIVELY, A "PLAN"), MAY RESULT IN
"PROHIBITED TRANSACTIONS" WITHIN THE MEANING OF ERISA, THE CODE OR SIMILAR LAW.
TRANSFER OF THIS CERTIFICATE WILL NOT BE MADE UNLESS THE TRANSFEREE DELIVERS TO
THE TRUSTEE EITHER (I) A REPRESENTATION LETTER, IN FORM AND SUBSTANCE
SATISFACTORY TO THE TRUSTEE, STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON
BEHALF OF, ANY SUCH PLAN OR USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH
PURCHASE OR (B) IF IT IS AN INSURANCE COMPANY, THAT THE SOURCE OF FUNDS USED TO
PURCHASE THIS CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (AS SUCH
TERM IS DEFINED IN SECTION V(E) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60
("PTE 95-60"), 60 FED. REG. 35925 (JULY 12, 1995)), THERE IS NO PLAN WITH
RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL ACCOUNT'S RESERVES AND LIABILITIES
FOR THE CONTRACT(S) HELD BY OR ON BEHALF OF SUCH PLAN AND ALL OTHER PLANS
MAINTAINED BY THE SAME EMPLOYER (OR AFFILIATE THEREOF AS DEFINED IN SECTION
V(A)(1) OF PTE 95-60) OR BY THE SAME EMPLOYEE ORGANIZATION EXCEEDS 10% OF THE
TOTAL OF ALL RESERVES AND LIABILITIES OF SUCH GENERAL ACCOUNT (AS SUCH AMOUNTS
ARE DETERMINED UNDER SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION AND
ALL PLANS THAT HAVE AN INTEREST IN SUCH GENERAL ACCOUNT ARE PLANS TO WHICH PTE
95-60 APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICER, TO THE EFFECT THAT THE PURCHASE OR HOLDING OF
THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT IN THE ASSETS OF
THE TRUST BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO THE PROHIBITED
TRANSACTION PROVISIONS OF ERISA, THE CODE OR SIMILAR LAW AND WILL NOT SUBJECT
THE DEPOSITOR, THE SERVICER OR THE TRUSTEE TO ANY OBLIGATION IN ADDITION TO
THOSE UNDERTAKEN IN THE POOLING AND SERVICING AGREEMENT. EACH PERSON WHO
ACQUIRES THIS CERTIFICATE OR ANY INTEREST THEREIN SHALL BE DEEMED TO HAVE MADE
THE REPRESENTATIONS REQUIRED BY THE REPRESENTATION LETTER REFERRED TO IN THE
PRECEDING SENTENCE, UNLESS SUCH PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION
LETTER OR THE OPINION OF COUNSEL REFERRED TO IN THE PRECEDING SENTENCE TO THE
TRUSTEE. THE POOLING AND SERVICING AGREEMENT PROVIDES THAT ANY ATTEMPTED OR
PURPORTED TRANSFER IN VIOLATION OF THESE TRANSFER RESTRICTIONS WILL BE NULL AND
VOID AND WILL VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2002-C
Class B-6
evidencing an interest in a Trust consisting primarily of a pool of
adjustable-rate mortgage loans (the "Mortgage Loans") secured by first liens on
one- to four-family residential properties deposited by
Bank of America Mortgage Securities, Inc., as Depositor
Certificate No.:
Cut-Off Date: April 1, 2002
First Distribution Date: May 28, 2002
Initial Certificate
Balance of this
Certificate
("Denomination"): $
Initial Class Certificate
Balance of this Class: $854,053.00
Pass-Through Rate: Variable
CUSIP No.: 06050H HQ 4
ISIN No.: US06050HHQ48
This certifies that _________________ is the registered owner of the
Percentage Interest evidenced by this Certificate (obtained by dividing the
Denomination of this Certificate by the Initial Class Certificate Balance of the
Class to which this Certificate belongs) in certain monthly distributions with
respect to a Trust consisting primarily of the Mortgage Loans deposited by Bank
of America Mortgage Securities, Inc. (the "Depositor"). The Trust was created
pursuant to a Pooling and Servicing Agreement, dated April 25, 2002 (the
"Pooling and Servicing Agreement"), among the Depositor, Bank of America, N.A.,
as servicer (the "Servicer"), and The Bank of New York, as trustee (the
"Trustee"). To the extent not defined herein, the capitalized terms used herein
have the meanings assigned in the Pooling and Servicing Agreement. This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Pooling and Servicing Agreement, to which Pooling and
Servicing Agreement the Holder of this Certificate by virtue of the acceptance
hereof assents and by which such Holder is bound.
Principal in respect of this Certificate is distributable monthly as set
forth in the Pooling and Servicing Agreement. Accordingly, the Certificate
Balance of this Certificate at any time may be less than the Certificate Balance
as set forth herein. This Certificate does not evidence an obligation of, or an
interest in, and is not guaranteed by the Depositor, the Servicer or the Trustee
referred to below or any of their respective affiliates. Neither this
Certificate nor the Mortgage Loans are guaranteed or insured by any governmental
agency or instrumentality.
For each Distribution Date occurring prior to and including the
Distribution Date in November 2006, interest will accrue at a per annum rate
equal to 5.512%. For each Distribution Date occurring after the Distribution
Date in November 2006 and prior to the Distribution Date in April 2007, interest
will accrue at a rate equal to the Adjusted Net WAC of the Mortgage Loans. For
each Distribution Date occurring on and after the Distribution Date in April
2007, interest will accrue at a rate equal to the weighted average of the Net
Mortgage Interest Rates of the Mortgage Loans (based on the Stated Principal
Balances of the Mortgage Loans on the Due Date in the month preceding the month
of such Distribution Date).
No transfer of a Certificate of this Class shall be made unless such
transfer is exempt from the registration requirements of the Securities Act of
1933, as amended (the "1933 Act"), and any applicable state securities laws or
is made in accordance with the 1933 Act and such laws. In the event of any such
transfer, (i) unless the transfer is made in reliance on Rule 144A under the
1933 Act, the Trustee or the Depositor may require a written Opinion of Counsel
(which may be in-house counsel) acceptable to and in form and substance
reasonably satisfactory to the Trustee and the Depositor that such transfer may
be made pursuant to an exemption, describing the applicable exemption and the
basis therefor, from the 1933 Act and such laws or is being made pursuant to the
1933 Act and such laws, which Opinion of Counsel shall not be an expense of the
Trustee or the Depositor and (ii) the Trustee shall require a certificate from
the Certificateholder desiring to effect such transfer substantially in the form
attached to the Pooling and Servicing Agreement as Exhibit G-1 and a certificate
from such Certificateholder's prospective transferee substantially in the form
attached to the Pooling and Servicing Agreement either as Exhibit G-2A or as
Exhibit G-2B, which certificates shall not be an expense of the Trustee or the
Depositor; provided that the foregoing requirements under clauses (i) and (ii)
shall not apply to a transfer of a Private Certificate between or among the
Depositor, the Seller, their affiliates or both. The Holder of a Private
Certificate desiring to effect such transfer shall, and does hereby agree to,
indemnify the Trustee and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with such federal and
state laws.
Reference is hereby made to the further provisions of this Certificate set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.
This Certificate shall not be entitled to any benefit under the Pooling
and Servicing Agreement or be valid for any purpose unless manually
countersigned by an authorized signatory of the Trustee.
* * *
EXHIBIT C
[FORM OF REVERSE OF ALL CERTIFICATES]
BANK OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates
This Certificate is one of a duly authorized issue of Certificates
designated as Bank of America Mortgage Securities, Inc. Mortgage Pass-Through
Certificates, of the Series specified on the face hereof (collectively, the
"Certificates"), and representing a beneficial ownership interest in the Trust
created by the Pooling and Servicing 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 is not liable to the Certificateholders
for any amount payable under this Certificate or the Pooling and Servicing
Agreement or, except as expressly provided in the Pooling and Servicing
Agreement, subject to any liability under the Pooling and Servicing Agreement.
This Certificate does not purport to summarize the Pooling and Servicing
Agreement and reference is made to the Pooling and Servicing Agreement for the
interests, rights and limitations of rights, benefits, obligations and duties
evidenced thereby, and the rights, duties and immunities of the Trustee.
Pursuant to the terms of the Pooling and Servicing Agreement, a
distribution will be made on the 25th day of each calendar month (or, if such
day is not a Business Day, the next Business Day) (each, a "Distribution Date"),
commencing on the first Distribution Date specified on the face hereof, to the
Person in whose name this Certificate is registered at the close of business on
the applicable Record Date in an amount required pursuant to the Pooling and
Servicing Agreement. The Record Date applicable to each Distribution Date is the
last Business Day of the month next preceding the month of such Distribution
Date.
On each Distribution Date, the Trustee shall distribute out of the
Certificate Account to each Certificateholder of record on the related Record
Date (other than respecting the final distribution) (a) by check mailed to such
Certificateholder entitled to receive a distribution on such Distribution Date
at the address appearing in the Certificate Register, or (b) upon written
request by the Holder of a Regular Certificate (in the event such
Certificateholder owns of record 100% of a Class of Certificates or holds
Certificates of any Class having denominations aggregating $1,000,000 or more),
by wire transfer or by such other means of payment as such Certificateholder and
the Trustee shall agree upon, such Certificateholder's Percentage Interest in
the amount to which the related Class of Certificates is entitled in accordance
with the priorities set forth in Section 5.02 of the Pooling and Servicing
Agreement. The final distribution on each Certificate will be made in like
manner, but only upon presentation and surrender of such Certificate to the
Trustee as contemplated by Section 10.01 of the Pooling and Servicing Agreement.
The Pooling and Servicing Agreement permits, with certain exceptions
therein provided, the amendment thereof and the modification of the rights and
obligations of the Trustee and the rights of the Certificateholders under the
Pooling and Servicing Agreement at any time by the Depositor, the Servicer and
the Trustee with the consent of the Holders of Certificates affected by such
amendment evidencing the requisite Percentage Interest, as provided in the
Pooling and Servicing 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 therefor or in lieu hereof whether or not notation of such
consent is made upon this Certificate. The Pooling and Servicing Agreement also
permits the amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
As provided in the Pooling and Servicing Agreement and subject to certain
limitations therein set forth, the transfer of this Certificate is registrable
in the Certificate Register of the Trustee upon surrender of this Certificate
for registration of transfer at the Corporate Trust Office accompanied by a
written instrument of transfer in form satisfactory to 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 in authorized denominations and evidencing the same aggregate
Percentage Interest in the Trust will be issued to the designated transferee or
transferees.
The Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Pooling and Servicing Agreement. As
provided in the Pooling and Servicing Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for new
Certificates of the same Class in authorized denominations and 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 Depositor, the Servicer, the Certificate Registrar and the Trustee and
any agent of the Depositor, the Servicer, the Certificate Registrar or the
Trustee may treat the Person in whose name this Certificate is registered as the
owner hereof for all purposes, and none of the Depositor, the Servicer, the
Certificate Registrar, the Trustee or any such agent shall be affected by any
notice to the contrary.
On any Distribution Date on which the Pool Stated Principal Balance is
less than 10% of the Cut-Off Date Pool Principal Balance, the Depositor will
have the option to repurchase, in whole, from the Trust all remaining Mortgage
Loans and all property acquired in respect of the Mortgage Loans at a purchase
price determined as provided in the Pooling and Servicing Agreement. The 10% may
be reduced by an amendment to the Pooling and Servicing Agreement without
Certificateholder consent under certain conditions set forth in the Pooling and
Servicing Agreement. In the event that no such optional termination occurs, the
obligations and responsibilities created by the Pooling and Servicing Agreement
will terminate upon the later of the maturity or other liquidation (or any
advance with respect thereto) of the last Mortgage Loan remaining in the Trust
or the disposition of all property in respect thereof and the distribution to
Certificateholders of all amounts required to be distributed pursuant to the
Pooling and Servicing Agreement. In no event shall the Trust created by the
Pooling and Servicing Agreement 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 to the Court of St. Xxxxx, living on the date
thereof.
Any term used herein that is defined in the Pooling and Servicing
Agreement shall have the meaning assigned in the Pooling and Servicing
Agreement, and nothing herein shall be deemed inconsistent with that meaning.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
THE BANK OF NEW YORK,
as Trustee
By
-----------------------------------
Authorized Signatory
CERTIFICATE OF AUTHENTICATION
This is one of the Class [__] Certificates referred to in the Pooling and
Servicing Agreement referenced herein.
THE BANK OF NEW YORK,
as Trustee
By
-----------------------------------
Authorized Signatory
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
(Please print or typewrite name and address including postal zip code of
assignee)
the Percentage Interest evidenced by the within Certificate and hereby
authorizes the transfer of registration of such Percentage Interest to assignee
on the Certificate Register of the Trust.
I (We) further direct the Trustee to issue a new Certificate of a like
denomination and Class, to the above named assignee and deliver such Certificate
to the following address:
Dated:
----------------------------------------
Signature by or on behalf of assignor
DISTRIBUTION INSTRUCTIONS
The assignee should include the following for purposes of distribution:
Distributions shall be made, by wire transfer or otherwise, in
immediately available funds to
____________________________________________________ for the account of
___________________, account number _________________________, or, if mailed
by check, to ________________________________________________________________.
Applicable statements should be mailed to ___________________________________.
This information is provided by , the assignee named above, or , as its
agent.
EXHIBIT D
MORTGAGE LOAN SCHEDULE
BANK OF AMERICA MORTGAGE
BOAMS 2002-C
MORTGAGE SCHEDULE
LOAN PROPERTY LOAN DOC ORIG NOTE ORIGINAL
NUMBER TYPE OCCUPANCY PURPOSE TYPE LTV RATE PB
------ -------- --------- ------- ---- ---- ---- --------
6000143708 Single Family Primary Refinance Rapid 80.00 6.625 440,000
0000000000 Single Family Primary Cash-out Refinance Standard 48.40 6.250 484,000
6000637147 PUD Primary Purchase Reduced 80.00 6.000 328,000
6001343901 PUD Primary Refinance Standard 78.63 6.750 578,000
6003201354 Single Family Primary Purchase Rapid 79.99 6.250 455,550
6003905319 PUD Primary Refinance Rapid 54.05 6.250 973,000
6004508294 Single Family Primary Purchase Reduced 79.68 6.125 600,000
6006444803 PUD Primary Refinance Rapid 61.36 6.250 675,000
6007029421 PUD Primary Refinance Rapid 69.67 6.500 425,000
6009434579 PUD Primary Refinance All Ready Home 57.70 6.250 981,000
6009466365 Single Family Primary Cash-out Refinance Reduced 64.10 6.500 500,000
6010345566 Single Family Primary Cash-out Refinance Rapid 75.00 6.250 405,000
6010368733 Single Family Primary Purchase Rapid 79.11 6.375 356,000
6011214597 PUD Primary Cash-out Refinance Rapid 63.55 6.375 750,000
6011600332 Single Family Primary Refinance Standard 80.00 6.250 420,000
6012007735 PUD Primary Cash-out Refinance Standard 44.91 6.125 750,000
6012792799 Single Family Primary Purchase Reduced 80.00 5.250 468,000
6012920457 PUD Primary Purchase Reduced 72.58 6.375 450,000
6013411886 PUD Secondary Purchase Rapid 75.75 6.125 625,000
6014162033 Single Family Primary Refinance All Ready Home 75.00 6.500 862,500
6014549007 Single Family Primary Purchase Standard 41.90 6.750 900,000
6015589085 Single Family Primary Refinance All Ready Home 73.75 6.250 936,750
6018003316 Single Family Primary Refinance Standard 80.00 6.125 640,000
6019573317 PUD Primary Purchase Standard 68.20 6.250 429,000
6020389976 Single Family Primary Cash-out Refinance Standard 66.96 6.125 375,000
6021211914 Condominium Primary Purchase Reduced 75.86 5.875 330,000
6021556979 PUD Primary Purchase Standard 79.93 6.500 389,500
0000000000 Single Family Primary Refinance Reduced 56.34 6.000 355,000
6022867987 Single Family Primary Purchase Rapid 79.99 5.875 479,999
6025914372 PUD Primary Purchase Standard 95.00 6.250 367,251
6028371984 Single Family Primary Refinance Rapid 57.68 6.375 321,000
6029442446 PUD Primary Purchase Rapid 70.00 5.875 532,000
6031741694 Condominium Primary Refinance Reduced 76.55 6.000 320,000
0000000000 Single Family Primary Purchase Standard 80.00 5.750 540,000
6033638559 Single Family Primary Refinance Rapid 61.53 6.125 400,000
6034884905 Single Family Primary Cash-out Refinance Rapid 58.44 6.375 450,000
6035884235 PUD Primary Refinance Reduced 71.42 6.250 400,000
6036770458 PUD Primary Cash-out Refinance Reduced 68.08 6.000 320,000
6038928005 Condominium Secondary Refinance Rapid 66.03 6.250 383,000
6041819845 Single Family Primary Refinance Standard 44.23 5.875 376,000
6046883002 Single Family Primary Refinance Reduced 53.39 6.250 307,000
6048846296 Single Family Primary Cash-out Refinance Standard 49.68 6.375 400,000
6050691648 PUD Primary Refinance Reduced 76.16 6.375 457,000
6051785753 Single Family Primary Purchase Reduced 80.00 6.000 567,200
6054791600 PUD Primary Refinance Reduced 80.00 6.000 336,000
6055386780 Single Family Primary Refinance Standard 30.94 6.250 882,000
6057332246 Single Family Primary Purchase Rapid 80.00 5.750 383,200
6057556323 Single Family Primary Cash-out Refinance Standard 73.81 6.375 406,000
6057797158 PUD Primary Refinance Rapid 73.98 6.250 556,000
6057904622 Single Family Primary Refinance Reduced 61.58 5.875 369,500
6060549760 PUD Primary Purchase Standard 89.64 6.000 433,000
6063897257 Condominium Primary Purchase Reduced 80.00 6.375 556,000
6065167865 Single Family Primary Refinance Standard 50.84 6.000 750,000
6065889419 Single Family Primary Cash-out Refinance Standard 70.00 5.875 472,500
0000000000 PUD Primary Refinance Rapid 80.00 6.375 366,400
6068486940 Single Family Primary Purchase Standard 77.07 6.125 400,000
6068499877 Condominium Primary Purchase Rapid 80.00 6.250 384,000
6070638538 Single Family Primary Refinance Rapid 27.65 6.250 968,000
6070732935 Single Family Primary Cash-out Refinance Standard 65.78 6.625 500,000
6071513151 Two Family Investor Refinance Standard 54.00 6.250 540,000
6071953514 Single Family Primary Refinance Rapid 80.00 6.250 372,000
6071962903 PUD Primary Refinance Standard 16.35 6.250 785,000
6072509570 Single Family Primary Refinance Reduced 75.00 6.250 450,000
0000000000 PUD Primary Purchase Standard 95.00 6.250 356,250
6072863951 PUD Primary Purchase Rapid 80.00 6.125 416,000
6074854768 Single Family Primary Purchase Rapid 80.00 6.500 388,000
6074878197 Single Family Primary Purchase Standard 90.00 6.250 382,500
6077989140 Single Family Primary Refinance Rapid 80.00 6.375 332,800
6079165111 PUD Primary Purchase Rapid 80.00 6.125 412,000
6079438625 PUD Primary Purchase Reduced 65.39 5.000 377,950
6081378504 Single Family Primary Cash-out Refinance Reduced 74.21 6.375 378,500
6083087822 Single Family Primary Purchase Standard 80.00 6.375 612,000
6083748910 Single Family Primary Refinance Standard 80.00 6.250 440,000
6083826435 Townhouse Secondary Purchase Reduced 80.00 6.125 342,400
6084434890 Single Family Primary Refinance Standard 67.27 6.375 437,295
6084826624 Single Family Primary Purchase Rapid 80.00 6.250 368,000
6086819379 Single Family Primary Cash-out Refinance Reduced 52.38 6.000 406,000
6089409434 PUD Primary Refinance Standard 72.45 6.375 329,652
6092045225 Single Family Primary Refinance Reduced 49.20 6.125 310,000
6092166393 Single Family Primary Refinance Reduced 57.72 5.750 635,000
0000000000 Single Family Primary Cash-out Refinance Reduced 64.14 6.125 500,000
6094199749 Single Family Primary Purchase Reduced 94.99 6.375 332,850
6094903884 Single Family Primary Refinance All Ready Home 53.65 6.625 319,269
0000000000 Single Family Primary Refinance Standard 74.24 5.875 367,500
6096151763 Single Family Primary Cash-out Refinance Reduced 70.00 6.125 472,500
6096234973 Single Family Primary Purchase Rapid 80.00 6.000 488,000
6096877599 Single Family Primary Purchase Rapid 62.29 6.125 355,000
6097649807 Single Family Primary Refinance Rapid 68.46 6.375 445,000
0000000000 PUD Primary Refinance Standard 71.75 6.375 348,000
6100190633 Single Family Primary Purchase Rapid 69.89 6.250 650,000
6101170717 PUD Primary Refinance All Ready Home 59.18 6.500 739,800
6101242169 Condominium Primary Purchase Standard 80.00 6.250 324,800
6101991757 PUD Primary Purchase Rapid 80.00 5.500 427,200
6104893687 PUD Primary Purchase Standard 80.00 6.000 520,000
6105107954 Single Family Primary Cash-out Refinance Reduced 60.00 6.500 570,000
6105532805 Single Family Primary Purchase Rapid 80.00 6.125 348,000
6105539404 PUD Primary Cash-out Refinance Standard 50.00 6.375 600,000
6105669490 Single Family Primary Purchase Rapid 80.00 6.250 424,000
6106338384 Single Family Primary Refinance Rapid 67.77 6.375 448,000
6107100494 Single Family Primary Cash-out Refinance Reduced 71.42 5.875 500,000
0000000000 Single Family Primary Purchase Rapid 79.88 6.000 544,000
0000000000 PUD Secondary Refinance Rapid 73.15 6.500 695,000
6110420707 Condominium Primary Purchase Rapid 75.00 5.875 449,250
6113392887 Single Family Primary Cash-out Refinance Reduced 57.69 6.125 750,000
6114442145 PUD Primary Refinance Rapid 69.58 6.125 382,000
6115759489 Single Family Primary Refinance Standard 28.50 6.250 570,000
6116113728 Single Family Primary Cash-out Refinance Rapid 39.44 6.375 1,000,000
6116633790 Single Family Primary Refinance Standard 36.40 6.250 910,000
6118408506 Single Family Primary Purchase Standard 95.00 6.625 455,050
6118622080 Condominium Primary Purchase Rapid 80.00 6.375 476,000
6118870952 PUD Secondary Cash-out Refinance Rapid 70.00 6.500 413,000
6119723416 Single Family Secondary Purchase Rapid 75.00 6.250 825,000
6121825092 PUD Primary Cash-out Refinance Rapid 70.00 6.375 584,500
6122015743 PUD Primary Refinance Reduced 77.50 5.875 310,000
6122330142 Single Family Primary Cash-out Refinance Reduced 60.00 5.750 510,000
6125878428 Single Family Primary Refinance Standard 26.92 6.250 350,000
6126436648 Single Family Primary Purchase Rapid 66.85 6.500 585,000
6126607248 PUD Primary Purchase Reduced 80.00 6.500 439,600
0000000000 Condominium Secondary Refinance Standard 75.45 6.750 332,000
6130559757 Single Family Primary Cash-out Refinance Standard 58.93 6.500 442,000
6131144096 Single Family Primary Cash-out Refinance Rapid 71.02 6.625 375,000
6133268232 PUD Primary Cash-out Refinance Standard 58.59 6.125 375,000
6133905254 Single Family Primary Refinance Standard 80.00 6.500 680,000
6134979654 Single Family Primary Refinance Reduced 69.45 6.375 382,000
6137029432 Single Family Primary Refinance Reduced 36.00 6.000 540,000
0000000000 PUD Primary Cash-out Refinance Reduced 24.00 6.125 600,000
6138009987 Single Family Primary Cash-out Refinance Standard 64.06 6.375 410,000
6138338386 PUD Primary Purchase Rapid 72.00 5.875 450,000
6138344434 Single Family Primary Refinance Reduced 53.07 6.375 345,000
6139789645 Single Family Primary Refinance Reduced 47.61 6.000 400,000
6139830944 Single Family Primary Refinance Standard 42.91 6.000 643,696
6140146579 Single Family Primary Refinance Reduced 64.21 6.000 488,000
6140239952 PUD Primary Cash-out Refinance Standard 30.08 5.875 355,000
6143415849 Condominium Primary Purchase Reduced 80.00 6.125 416,000
6143582317 PUD Primary Refinance Reduced 30.14 6.625 535,000
6144139794 Single Family Primary Purchase Reduced 68.42 6.125 650,000
6144619795 Single Family Primary Purchase Standard 80.00 6.250 334,400
6145418247 PUD Primary Refinance Reduced 78.31 6.375 372,000
6145583776 Single Family Primary Purchase Standard 75.00 6.375 864,000
6145881501 Single Family Primary Refinance Reduced 76.47 6.125 650,000
6147438607 Condominium Primary Refinance Reduced 55.93 6.250 495,000
6148357772 PUD Primary Refinance Rapid 78.98 6.500 466,000
6149460666 Single Family Primary Purchase Rapid 68.60 6.250 590,000
6149912872 Single Family Primary Cash-out Refinance Rapid 71.54 6.500 440,000
6150112370 PUD Primary Refinance Rapid 61.06 5.875 571,000
6152701238 Single Family Primary Cash-out Refinance Standard 68.96 6.000 400,000
6154465667 PUD Primary Purchase Rapid 80.00 6.375 532,000
6154524133 Condominium Primary Purchase Standard 80.00 6.125 436,000
0000000000 Single Family Primary Refinance Reduced 79.16 6.000 475,000
6156031756 Single Family Primary Purchase Standard 80.00 6.500 440,000
6157754190 Single Family Primary Refinance Reduced 49.12 6.250 393,000
6158832409 Single Family Primary Refinance Standard 46.53 6.625 477,000
0000000000 Single Family Primary Refinance All Ready Home 22.72 6.375 1,000,000
6160778525 Single Family Primary Purchase Rapid 80.00 6.000 424,000
6163150557 Single Family Primary Purchase Rapid 80.00 6.500 372,000
6163175703 Single Family Primary Refinance Rapid 75.00 6.375 862,500
6163441980 Single Family Primary Refinance Standard 29.62 6.125 1,000,000
0000000000 Single Family Primary Refinance Reduced 80.00 6.500 600,000
6167268587 PUD Primary Refinance Reduced 47.61 6.375 650,000
6167342689 PUD Primary Purchase Rapid 80.00 6.125 391,200
6167574935 PUD Primary Cash-out Refinance Reduced 70.00 6.250 700,000
6168393590 Single Family Primary Purchase Standard 80.00 6.500 332,000
6169785091 PUD Primary Cash-out Refinance Standard 80.00 6.375 372,000
6170238189 Single Family Primary Cash-out Refinance Rapid 67.70 6.125 650,000
6172851310 Single Family Primary Refinance Standard 69.01 6.125 490,000
6175270054 Single Family Primary Refinance Standard 80.00 6.125 324,000
6175721627 PUD Primary Cash-out Refinance Rapid 31.25 6.625 1,000,000
6176182712 Single Family Primary Purchase Reduced 80.00 6.750 608,000
6178105281 PUD Primary Purchase Standard 75.00 6.375 401,250
6178303852 Single Family Primary Refinance Standard 44.00 6.375 440,000
6180933589 PUD Primary Purchase Reduced 80.00 6.125 615,200
6182086006 PUD Primary Purchase Standard 80.00 6.375 675,200
6183887923 Single Family Primary Purchase Standard 80.00 5.875 335,200
6186246945 PUD Primary Refinance Rapid 57.46 6.250 862,000
6187502882 Single Family Primary Cash-out Refinance Standard 73.50 6.250 430,000
0000000000 Single Family Primary Refinance Standard 73.29 6.625 355,500
6189218834 Single Family Primary Purchase Rapid 80.00 6.000 511,200
6190985579 Single Family Primary Refinance Reduced 85.95 5.500 352,423
6192425095 Single Family Primary Refinance All Ready Home 79.73 6.250 486,400
6193270458 PUD Primary Refinance Reduced 63.84 6.250 415,000
6194176126 PUD Secondary Refinance Rapid 36.55 6.250 340,000
0000000000 PUD Primary Refinance Reduced 40.51 6.125 312,000
6196769639 Single Family Primary Refinance Rapid 66.26 6.250 550,000
6199104727 Single Family Primary Cash-out Refinance Rapid 23.10 6.000 350,000
6200143573 Single Family Primary Cash-out Refinance Rapid 57.42 5.875 402,000
6200355227 Single Family Primary Refinance Rapid 65.23 6.000 685,000
6200547385 Single Family Primary Refinance Rapid 56.96 6.125 319,000
6205538678 PUD Primary Refinance Standard 80.00 6.125 432,000
6209691945 Single Family Primary Purchase Standard 80.00 6.125 456,000
6210010374 Single Family Primary Cash-out Refinance Rapid 56.62 6.375 407,722
6210202393 PUD Primary Cash-out Refinance Standard 54.16 5.875 650,000
6210255466 Single Family Primary Refinance Reduced 40.68 5.875 305,100
6211254120 Single Family Primary Refinance Reduced 34.41 6.500 413,000
6211375537 Single Family Primary Purchase Reduced 42.85 6.375 360,000
6212034471 Single Family Primary Purchase Standard 89.99 6.375 431,662
6214117258 Single Family Primary Refinance All Ready Home 75.68 6.250 499,500
6215262400 PUD Secondary Refinance All Ready Home 47.36 6.125 450,000
6215989267 Single Family Primary Purchase Rapid 80.00 6.125 388,000
6219859961 Single Family Primary Refinance Rapid 61.07 6.250 397,000
6220709429 Single Family Secondary Purchase Standard 80.00 6.375 360,000
6222814375 PUD Primary Refinance Rapid 49.50 5.875 396,000
6223585925 Single Family Primary Cash-out Refinance Rapid 80.00 5.875 420,000
6223759249 Single Family Primary Refinance Reduced 48.64 6.500 377,000
6224266665 Two Family Primary Refinance Rapid 38.46 6.250 500,000
6224926243 Single Family Primary Cash-out Refinance Standard 47.05 5.625 400,000
6225461208 Single Family Primary Refinance Reduced 63.04 6.125 517,000
6227243349 PUD Primary Purchase Reduced 80.00 6.375 487,520
6227581540 Two Family Primary Refinance Standard 65.55 6.375 590,000
6227728448 Single Family Primary Refinance Standard 77.97 6.250 347,000
6227750178 PUD Primary Cash-out Refinance Rapid 23.52 6.250 400,000
6229273724 Single Family Primary Refinance Standard 53.84 6.375 420,000
6229735581 PUD Secondary Refinance Reduced 33.83 6.125 609,000
6230973288 Single Family Primary Refinance Rapid 59.25 6.375 400,000
6232748431 Single Family Primary Refinance Rapid 54.79 6.250 1,000,000
6234834486 PUD Primary Purchase Rapid 79.99 6.375 812,417
6236253131 Single Family Primary Refinance All Ready Home 57.33 6.250 344,000
6238131988 Single Family Primary Cash-out Refinance Rapid 39.73 6.125 596,000
6239568873 Single Family Primary Refinance Standard 15.74 6.000 437,000
6239630947 High-Rise Condo Primary Refinance Reduced 50.46 6.000 492,000
6240336609 Single Family Primary Refinance All Ready Home 45.33 6.125 612,000
0000000000 Single Family Primary Purchase Standard 80.00 6.125 408,000
0000000000 Single Family Primary Refinance Reduced 45.47 6.125 454,700
6241762472 PUD Primary Refinance Reduced 31.23 6.250 328,000
6241804746 Single Family Investor Purchase Standard 75.52 6.375 321,000
6243704811 Single Family Primary Purchase Standard 80.00 5.875 552,000
0000000000 Single Family Primary Refinance Rapid 80.00 6.000 473,600
6244588544 Single Family Primary Cash-out Refinance Reduced 66.90 6.000 380,000
6245296717 Single Family Primary Refinance Rapid 80.00 6.125 548,000
6247448316 Single Family Primary Refinance Rapid 79.92 5.875 999,000
0000000000 Single Family Primary Purchase Rapid 72.11 6.375 937,500
6247648220 Single Family Primary Purchase Rapid 80.00 6.125 580,000
6248284009 Single Family Primary Purchase Rapid 80.00 6.375 504,000
6249266583 Single Family Primary Refinance Reduced 53.40 5.750 381,850
6249495729 Single Family Secondary Refinance Reduced 65.69 6.125 450,000
6249639227 Single Family Primary Refinance All Ready Home 50.00 6.500 387,500
6250502900 PUD Primary Refinance All Ready Home 53.33 6.375 400,000
6251234347 Single Family Primary Purchase Reduced 80.00 6.625 360,000
6251490550 Single Family Primary Refinance Reduced 68.57 6.250 516,400
6251527955 PUD Primary Purchase Standard 79.99 5.875 448,747
6251732514 Single Family Primary Refinance Standard 76.40 5.375 340,000
6252876559 Single Family Primary Cash-out Refinance Standard 78.26 6.250 360,000
6253146499 Single Family Primary Refinance All Ready Home 70.00 6.000 994,000
6257988359 Single Family Primary Refinance Standard 63.76 6.125 382,600
6260804825 Single Family Primary Refinance Reduced 59.02 6.125 425,000
6263054915 Single Family Primary Purchase Rapid 80.00 6.500 639,200
6267904818 Single Family Primary Refinance Rapid 69.67 6.250 689,800
6268169486 Single Family Primary Cash-out Refinance Reduced 74.28 6.000 325,000
6269171101 Single Family Primary Purchase Standard 80.00 6.375 336,000
6272395192 Single Family Primary Purchase Reduced 80.00 6.500 332,000
6273070752 Single Family Primary Refinance Standard 54.16 6.000 975,000
6273322583 Single Family Primary Purchase Reduced 80.00 6.375 388,000
6274643821 Condominium Primary Refinance Reduced 81.85 6.125 442,000
6274810735 Single Family Primary Purchase Rapid 75.00 6.375 900,000
6277308406 Single Family Primary Purchase Rapid 80.00 6.375 488,000
0000000000 PUD Primary Purchase Standard 80.00 6.500 332,000
6277693856 Single Family Primary Purchase Reduced 80.00 6.125 420,000
6280229243 Single Family Primary Purchase Rapid 80.00 6.500 311,920
6283075973 PUD Primary Refinance Reduced 62.78 6.250 437,000
6283201249 PUD Primary Refinance Rapid 61.50 6.000 984,000
6284906507 Single Family Secondary Purchase Rapid 80.00 6.375 519,200
6285082191 PUD Primary Purchase Rapid 61.90 5.875 650,000
6288103614 PUD Primary Purchase Rapid 80.00 6.250 340,000
6289418326 Condominium Primary Refinance Rapid 49.38 6.125 565,500
6289459080 Single Family Primary Purchase Rapid 80.00 6.500 392,000
6290434189 Single Family Primary Cash-out Refinance Standard 73.92 6.250 480,500
6291044227 PUD Primary Purchase Rapid 78.02 6.500 355,000
6291630124 Single Family Primary Purchase Reduced 80.00 6.375 396,000
6291870340 Single Family Primary Refinance Reduced 48.00 6.250 420,000
6292431423 Condominium Primary Purchase Rapid 80.00 6.125 328,000
6293025810 Single Family Secondary Purchase Rapid 80.00 6.375 455,200
6294101214 Single Family Primary Refinance Reduced 75.48 5.750 339,682
6296264093 PUD Primary Purchase Rapid 80.00 6.625 383,960
6301065485 Single Family Primary Refinance Standard 69.27 5.625 336,000
6301937469 Single Family Primary Refinance Reduced 61.85 6.000 494,800
6302558710 Single Family Primary Purchase Rapid 80.00 6.000 330,400
6303545070 Single Family Primary Purchase Rapid 80.00 6.375 440,000
6305785146 PUD Secondary Purchase Rapid 80.00 6.000 440,000
6306283174 Single Family Primary Refinance Reduced 61.65 6.250 373,000
6311668146 Single Family Primary Refinance Reduced 72.60 5.875 312,222
6311780057 PUD Primary Purchase Reduced 80.00 6.250 383,200
6313376482 Single Family Primary Purchase Rapid 70.00 6.500 570,500
6313524644 Single Family Primary Cash-out Refinance Rapid 44.82 6.000 650,000
6313739838 Single Family Primary Refinance Reduced 66.23 6.125 364,300
6315404951 PUD Primary Refinance Reduced 80.00 6.375 324,000
0000000000 PUD Primary Purchase Reduced 80.00 6.000 352,000
6316106324 Single Family Primary Cash-out Refinance Standard 66.22 6.000 596,000
6316688495 Single Family Primary Cash-out Refinance Reduced 75.00 6.250 360,000
6317736806 Single Family Primary Cash-out Refinance Reduced 57.66 6.125 395,000
6319008493 Single Family Primary Purchase Rapid 79.95 6.250 342,200
6321839802 Single Family Primary Cash-out Refinance Standard 50.00 6.500 1,000,000
6321921303 Single Family Primary Refinance Standard 56.05 5.875 504,500
6323231149 Single Family Primary Refinance Rapid 63.63 5.875 700,000
6323520558 Single Family Primary Purchase Standard 80.00 6.375 434,000
6324872073 Single Family Investor Purchase Standard 59.42 6.500 364,000
6325069950 Condominium Primary Cash-out Refinance Reduced 70.00 6.125 381,500
0000000000 PUD Primary Refinance Rapid 80.00 6.625 480,000
6331301934 Single Family Primary Cash-out Refinance Reduced 70.00 6.125 350,000
6333660220 Single Family Primary Cash-out Refinance Standard 70.00 6.250 742,000
6334731913 Single Family Primary Purchase Rapid 80.00 6.250 349,600
6334914451 Single Family Primary Refinance Reduced 78.84 6.125 532,200
6336713331 Single Family Primary Purchase Standard 80.00 6.250 380,000
6338901033 Condominium Primary Purchase Rapid 80.00 6.250 540,000
6340922829 Single Family Primary Purchase Rapid 80.00 6.500 349,600
6341015920 PUD Primary Cash-out Refinance Rapid 52.79 6.125 353,700
6343940190 Single Family Primary Cash-out Refinance Standard 68.68 6.250 340,000
6346214460 Single Family Primary Cash-out Refinance Rapid 55.36 6.500 609,000
6347432855 PUD Primary Cash-out Refinance Rapid 70.00 6.250 350,000
0000000000 Single Family Primary Refinance Rapid 34.84 6.250 993,000
6348813582 Single Family Primary Refinance Reduced 52.11 6.250 458,600
6352469628 Single Family Primary Refinance Reduced 64.78 6.250 447,000
6354359876 Single Family Primary Purchase Rapid 70.00 5.500 451,500
6355703809 Single Family Primary Cash-out Refinance Standard 68.09 6.000 715,000
0000000000 PUD Primary Purchase Reduced 76.10 5.500 500,000
6359794275 PUD Primary Purchase Rapid 76.22 6.000 448,888
6363517746 Single Family Primary Refinance Standard 66.61 5.875 443,000
6368426224 Single Family Secondary Purchase Reduced 79.56 6.375 370,000
6368756828 Single Family Primary Refinance Reduced 42.72 6.000 305,500
6369177891 Single Family Primary Purchase Rapid 80.00 6.250 368,000
6370420389 Single Family Primary Cash-out Refinance Rapid 59.09 6.500 325,000
6371047512 Condominium Primary Purchase Reduced 76.19 5.875 320,000
6372053428 Single Family Primary Purchase Standard 80.00 5.875 576,000
6373502001 Single Family Primary Cash-out Refinance Standard 71.45 6.625 393,000
6374110432 Single Family Primary Refinance All Ready Home 75.24 6.375 380,000
0000000000 Single Family Primary Purchase Standard 80.00 6.500 504,000
6376049349 Single Family Primary Purchase Standard 75.00 6.500 881,250
6376364078 Single Family Primary Refinance Reduced 49.86 5.750 573,500
6376795941 Single Family Secondary Refinance Rapid 74.90 6.125 546,800
6376988868 Single Family Primary Refinance All Ready Home 75.00 6.250 712,500
6378100058 Condominium Primary Purchase Rapid 74.87 6.500 900,000
6378497645 Single Family Primary Refinance Rapid 90.00 6.500 373,500
6378572645 Single Family Primary Cash-out Refinance Rapid 62.85 6.125 660,000
6378935685 Single Family Primary Purchase Standard 80.00 6.250 704,000
6379285239 Single Family Primary Refinance Rapid 75.00 6.375 585,000
6379413583 Single Family Primary Purchase Reduced 78.94 6.750 750,000
6380364122 Single Family Primary Refinance Rapid 78.44 6.375 706,000
6380892213 Single Family Primary Refinance Reduced 78.95 6.125 324,508
6384275399 PUD Primary Refinance Rapid 74.12 6.000 404,000
6385014987 Single Family Primary Refinance Reduced 48.63 5.875 462,000
6385686883 PUD Primary Purchase Reduced 80.00 6.125 500,000
6386440397 PUD Primary Purchase Standard 80.00 6.250 472,000
6386449232 Single Family Primary Purchase Standard 72.72 6.000 800,000
6386875626 Single Family Primary Refinance Reduced 53.02 6.500 636,250
6386938663 Single Family Primary Purchase Standard 95.00 6.000 328,700
0000000000 Condominium Primary Refinance Rapid 80.00 5.875 344,000
6387449462 PUD Primary Cash-out Refinance Standard 50.76 6.000 660,000
6387689901 Single Family Primary Purchase Reduced 80.00 6.375 468,000
6388141985 PUD Secondary Purchase Rapid 56.89 6.625 825,000
6388833821 PUD Primary Refinance Rapid 67.42 6.500 633,800
6390210737 Single Family Primary Purchase Standard 80.00 6.000 580,000
6391042352 Single Family Primary Purchase Rapid 80.00 5.625 578,000
6392175961 Single Family Primary Cash-out Refinance Rapid 51.60 6.375 450,000
6392403025 Single Family Primary Refinance Rapid 79.19 6.250 443,500
6393958266 PUD Investor Purchase Standard 79.99 6.250 323,240
6394308636 PUD Primary Refinance Standard 67.48 6.125 330,000
6394634692 Single Family Primary Purchase Rapid 80.00 6.250 376,000
6395929638 Single Family Primary Cash-out Refinance Standard 45.00 6.125 450,000
6396442508 Single Family Primary Refinance Reduced 67.11 6.500 500,000
0000000000 Single Family Primary Purchase Standard 80.00 5.750 692,000
0000000000 Single Family Primary Purchase Standard 52.75 6.375 335,000
0000000000 Single Family Primary Purchase Standard 79.85 6.375 440,000
6400505183 Single Family Primary Refinance Reduced 58.17 6.875 340,316
6401118473 Single Family Primary Purchase Rapid 80.00 6.750 426,664
6401120917 Single Family Primary Refinance Rapid 80.00 6.375 716,000
6401289332 PUD Primary Purchase Rapid 75.00 6.375 993,750
6402721440 Single Family Primary Refinance Standard 79.57 6.500 448,000
6404273895 Single Family Primary Cash-out Refinance Standard 68.37 6.250 400,000
6405621886 Single Family Primary Cash-out Refinance Standard 46.81 6.750 426,000
6405645687 Single Family Primary Refinance Rapid 47.61 6.250 1,000,000
6406241890 Condominium Primary Purchase Standard 80.00 6.375 343,920
6407203824 PUD Secondary Refinance Rapid 80.00 6.125 352,000
6407625059 Single Family Primary Refinance Reduced 50.00 6.125 750,000
6409655153 Single Family Secondary Cash-out Refinance Standard 50.00 6.000 360,000
6410375106 Single Family Primary Purchase Rapid 80.00 6.625 364,000
6411141309 Single Family Primary Cash-out Refinance Standard 60.24 6.000 538,000
6412024694 PUD Secondary Purchase Standard 80.00 6.125 476,000
6412804939 PUD Primary Refinance Reduced 36.94 6.250 498,700
6415769451 PUD Primary Refinance Rapid 54.52 6.250 512,000
6415998126 High-Rise Condo Primary Purchase Reduced 71.30 6.750 410,000
6416540380 Single Family Primary Refinance Rapid 68.14 6.250 368,000
6418625411 Condominium Primary Refinance Rapid 79.19 6.500 316,000
6418983182 Single Family Primary Refinance Reduced 38.00 6.000 513,000
6420170174 Single Family Investor Refinance Standard 60.86 6.125 350,000
6420214790 Single Family Primary Cash-out Refinance Standard 50.83 6.375 610,000
6421055564 Single Family Primary Purchase Standard 80.00 6.000 423,600
0000000000 PUD Primary Purchase Standard 80.00 6.125 352,000
6421688414 Single Family Primary Purchase Standard 80.00 6.250 376,000
6422333051 Condominium Primary Purchase Rapid 80.00 6.500 328,000
6424176847 Single Family Primary Cash-out Refinance Reduced 62.47 6.250 443,600
6424577093 Single Family Primary Purchase Standard 80.00 6.125 320,000
6430824562 Single Family Primary Purchase Rapid 79.89 6.250 624,000
6432268875 Single Family Primary Cash-out Refinance Reduced 43.24 5.875 400,000
0000000000 PUD Secondary Refinance Standard 80.00 6.250 600,000
6439953776 Single Family Primary Purchase Reduced 80.00 6.500 472,000
6442045263 Single Family Primary Refinance Standard 42.77 6.625 802,000
6443256877 Single Family Primary Purchase Rapid 80.00 6.125 412,000
6444815580 PUD Primary Purchase Rapid 79.99 6.375 340,250
6446435155 PUD Primary Refinance Rapid 78.88 6.250 568,000
6446800317 Two Family Primary Purchase Standard 80.00 6.375 492,000
6447964278 PUD Primary Refinance Rapid 69.20 6.125 564,000
6451091885 PUD Primary Purchase Rapid 79.99 6.250 419,900
6453456391 Single Family Primary Refinance Rapid 80.00 6.250 388,000
6454031573 Two Family Primary Refinance All Ready Home 40.62 6.250 650,000
6455066230 Single Family Primary Refinance Reduced 64.74 6.250 505,000
6455950581 Single Family Primary Refinance Standard 75.34 6.250 700,000
6456923785 PUD Primary Cash-out Refinance Standard 57.97 6.375 400,000
6457075288 Single Family Primary Purchase Standard 42.10 5.375 800,000
6457391503 Single Family Secondary Purchase Standard 80.00 6.375 460,000
6458191266 Single Family Primary Cash-out Refinance Reduced 28.84 6.000 340,000
6459017817 PUD Primary Refinance Rapid 75.23 6.250 395,000
6459182819 PUD Primary Refinance Reduced 42.30 6.000 550,000
6460799486 Single Family Primary Purchase Reduced 80.00 6.500 680,800
6461152131 Single Family Primary Purchase Rapid 80.00 6.375 600,000
6462816874 Single Family Primary Purchase Rapid 80.00 6.625 588,000
6462985141 Single Family Primary Refinance Rapid 79.87 6.000 647,000
6463416682 Single Family Primary Cash-out Refinance Reduced 55.14 5.875 407,000
0000000000 PUD Primary Purchase Reduced 80.00 6.000 344,000
6468081812 Single Family Primary Refinance Rapid 63.58 6.000 620,000
6468217820 Single Family Primary Refinance Reduced 12.92 6.500 581,500
6468415010 Single Family Primary Cash-out Refinance Rapid 71.56 6.000 365,000
6472172144 Single Family Primary Purchase Reduced 80.00 6.375 310,400
6474358642 Single Family Primary Refinance Reduced 71.94 6.125 318,000
6475167281 PUD Primary Refinance Standard 77.90 6.375 423,000
6475302839 PUD Primary Purchase Rapid 80.00 5.875 384,000
6478159111 Single Family Primary Cash-out Refinance Rapid 63.30 6.625 364,000
6478967570 Single Family Primary Purchase Rapid 80.00 6.625 396,000
6480624037 Single Family Primary Refinance Rapid 59.02 6.500 605,000
6481509997 Single Family Primary Purchase Rapid 57.97 5.875 1,000,000
6482506661 Single Family Primary Cash-out Refinance Reduced 77.63 6.125 375,000
6484178840 Single Family Primary Purchase Standard 72.46 6.375 1,000,000
6484629545 PUD Primary Refinance Reduced 68.18 6.375 750,000
6485203886 Single Family Primary Refinance All Ready Home 20.15 7.000 403,000
6487245646 Single Family Primary Cash-out Refinance Reduced 57.45 6.375 316,000
6487571744 Single Family Primary Purchase Rapid 80.00 6.250 386,400
6488995298 PUD Primary Purchase Rapid 67.48 5.875 550,000
6489843562 Single Family Primary Refinance Standard 66.40 6.375 996,000
6490860100 Single Family Primary Refinance Reduced 40.12 5.750 465,400
6490939490 Condominium Primary Purchase Rapid 74.07 6.125 750,000
6491854888 PUD Primary Refinance Standard 80.00 6.375 344,000
6493311994 Single Family Primary Refinance Rapid 77.80 6.250 319,000
6496483097 PUD Secondary Cash-out Refinance Standard 69.93 6.750 500,000
6497580982 Single Family Primary Refinance Standard 72.59 6.125 704,200
6499472188 Single Family Primary Refinance Reduced 53.45 5.875 387,000
6503063882 Single Family Primary Cash-out Refinance Reduced 75.00 6.125 412,500
6504643062 Single Family Primary Refinance Standard 56.00 6.375 462,000
6505036183 Single Family Primary Refinance Rapid 42.89 6.125 697,000
6505445368 Single Family Primary Refinance Reduced 32.00 6.250 600,000
6505752300 PUD Primary Purchase Rapid 80.00 6.000 418,800
6508466353 High-Rise Condo Primary Refinance Standard 64.39 6.500 425,000
6512996775 PUD Primary Purchase Rapid 80.00 6.500 443,200
6513324514 Single Family Primary Purchase Rapid 80.00 6.250 492,000
6517216567 PUD Primary Refinance Rapid 73.30 6.375 487,500
6518901555 Single Family Primary Refinance Rapid 49.23 5.875 640,000
6524114920 Single Family Primary Purchase Reduced 80.00 5.750 580,000
6525570575 PUD Primary Refinance Reduced 64.92 6.375 385,000
6527300310 PUD Primary Purchase Standard 83.27 5.750 395,850
6527869389 PUD Primary Refinance Reduced 51.67 6.375 338,500
6528800151 PUD Primary Purchase Rapid 80.00 6.250 468,000
6528883058 Single Family Primary Purchase Rapid 76.00 6.125 475,000
6530666814 PUD Primary Purchase Reduced 80.00 6.125 336,000
6530966362 Single Family Primary Refinance Reduced 62.79 6.250 675,000
6531655212 PUD Primary Refinance Rapid 80.00 6.250 368,000
6532598072 Single Family Primary Refinance Reduced 73.48 6.375 411,530
6532874853 Single Family Primary Refinance Reduced 63.57 5.875 445,000
6536204917 Single Family Primary Purchase Rapid 80.00 5.875 510,400
6538136760 Single Family Primary Refinance Reduced 48.08 6.375 339,000
6538872547 PUD Primary Purchase Rapid 80.00 6.250 408,000
6539000007 PUD Primary Refinance Rapid 59.52 5.750 750,000
6539275047 Single Family Primary Purchase Standard 80.00 6.500 583,200
6539335155 Single Family Primary Refinance Rapid 61.31 6.125 374,000
6539613544 Condominium Primary Purchase Rapid 80.00 6.375 324,000
6539701828 PUD Primary Refinance Reduced 68.58 6.250 339,500
6542415606 PUD Primary Purchase Reduced 65.21 6.000 375,000
6547147212 Single Family Secondary Refinance Rapid 47.00 6.000 470,000
6549204854 Single Family Primary Refinance Reduced 54.15 6.000 352,000
6549749643 Single Family Primary Refinance Rapid 76.92 6.250 750,000
6551738914 High-Rise Condo Primary Refinance Rapid 46.74 6.250 603,000
6553189405 PUD Primary Purchase Reduced 57.50 6.000 328,000
6553983641 Single Family Primary Purchase Rapid 80.00 6.000 344,000
6554764750 Condominium Primary Refinance Reduced 68.69 6.000 395,000
6554840147 PUD Primary Refinance Standard 67.87 5.875 814,500
6555912853 Single Family Primary Purchase Rapid 69.92 5.875 444,000
6557323158 Single Family Primary Purchase Rapid 80.00 6.375 559,200
6558147184 Single Family Primary Refinance Reduced 50.40 5.875 630,000
0000000000 Single Family Primary Refinance Standard 52.17 6.375 730,500
6558980865 PUD Secondary Purchase Standard 62.50 6.500 1,000,000
6559188708 Single Family Primary Purchase Rapid 80.00 6.250 520,000
6559423295 PUD Primary Refinance Standard 62.50 6.125 750,000
6559487829 PUD Primary Cash-out Refinance Rapid 70.00 6.000 595,000
6560068824 Single Family Primary Purchase Reduced 45.00 6.125 405,000
6561648186 Single Family Primary Refinance Reduced 34.31 6.000 437,500
6561781367 Single Family Primary Cash-out Refinance Standard 45.45 6.125 1,000,000
6561994929 Condominium Primary Refinance Standard 56.09 6.250 345,000
6567164774 PUD Primary Refinance Reduced 42.28 6.000 740,000
6567765257 Single Family Primary Refinance Reduced 58.20 6.000 494,700
6568534710 Single Family Primary Refinance Standard 78.26 6.375 450,000
6569641605 Single Family Primary Purchase Rapid 80.00 6.000 465,600
6569843615 Single Family Primary Purchase Reduced 80.00 6.000 360,000
6573007009 PUD Primary Purchase Reduced 78.04 6.500 400,000
6577466821 PUD Primary Cash-out Refinance Standard 42.10 6.000 400,000
6577685578 Single Family Primary Purchase Standard 80.00 6.250 375,200
0000000000 PUD Primary Refinance Reduced 61.35 6.250 597,000
6579169795 Single Family Primary Purchase Rapid 68.96 6.500 1,000,000
6581765093 Single Family Primary Refinance Reduced 48.90 6.375 489,000
6586387828 Single Family Primary Cash-out Refinance Reduced 45.49 5.750 636,900
6587330140 Single Family Primary Refinance Reduced 35.37 6.250 398,000
6587658045 Single Family Primary Refinance Rapid 61.60 6.125 785,500
6587738490 PUD Primary Purchase Standard 95.00 6.625 370,500
6587930790 Single Family Primary Cash-out Refinance Standard 55.12 6.500 672,000
6589178596 PUD Primary Purchase Standard 79.99 6.375 391,786
6589480000 Single Family Primary Cash-out Refinance Standard 56.60 6.625 300,000
6591457913 Single Family Primary Purchase Rapid 80.00 6.875 352,000
6591691099 PUD Primary Cash-out Refinance Reduced 56.75 6.250 454,000
0000000000 PUD Primary Purchase Rapid 90.00 6.500 369,000
6595281343 PUD Secondary Refinance Reduced 77.17 6.250 426,800
0000000000 PUD Primary Refinance Reduced 72.26 6.250 514,500
6597037818 PUD Primary Purchase Standard 80.00 6.125 331,600
6598099957 Single Family Primary Purchase Rapid 77.87 6.500 440,000
6599123277 Single Family Primary Refinance Rapid 50.27 6.125 930,000
6599820583 Condominium Primary Purchase Reduced 80.00 6.750 388,800
6601920397 PUD Primary Refinance All Ready Home 48.22 5.750 356,000
6602092287 Single Family Primary Cash-out Refinance Standard 47.61 5.500 350,000
6603070209 Single Family Primary Purchase Standard 80.00 6.375 345,600
0000000000 Single Family Primary Purchase Reduced 79.82 6.375 372,000
6606448386 PUD Primary Purchase Reduced 80.00 6.000 432,000
6613561478 Condominium Primary Purchase Rapid 80.00 6.250 383,200
6615508238 PUD Primary Refinance Standard 72.66 6.250 545,000
6615691091 PUD Primary Purchase Standard 80.00 6.500 784,000
6617136921 Single Family Primary Purchase Rapid 80.00 6.625 336,000
6617461410 Single Family Primary Refinance Rapid 69.73 6.375 530,000
6618503897 Single Family Secondary Purchase Rapid 75.00 6.250 750,000
6620833100 Single Family Primary Purchase Rapid 80.00 5.625 364,000
6621194189 Single Family Primary Refinance Standard 75.80 6.000 398,000
6621439246 Condominium Primary Purchase Rapid 79.99 6.000 351,900
6621676292 Single Family Primary Refinance Rapid 57.13 6.250 999,900
6622754908 Single Family Primary Purchase Rapid 80.00 6.125 529,600
0000000000 Single Family Primary Refinance All Ready Home 46.87 6.250 961,000
6623556757 Single Family Primary Cash-out Refinance Standard 51.69 5.750 672,000
6626659822 PUD Primary Purchase Standard 80.00 6.375 456,000
6627421875 Two Family Primary Cash-out Refinance Standard 51.72 5.875 750,000
6630054051 Single Family Primary Purchase Rapid 80.00 6.375 632,000
6631669048 Single Family Primary Refinance Rapid 80.00 6.625 420,000
6631983233 Single Family Primary Cash-out Refinance Rapid 61.25 6.000 735,000
6634062738 Single Family Primary Refinance Reduced 24.81 6.250 335,000
6634490806 Single Family Primary Purchase Standard 80.00 6.250 481,600
6637303485 Single Family Primary Refinance Reduced 80.00 5.875 460,000
6639281176 Single Family Primary Purchase Standard 80.00 6.500 460,800
6640618887 Single Family Primary Refinance Reduced 44.00 5.875 308,000
6640934458 PUD Primary Refinance Rapid 80.00 6.375 540,000
6641797235 PUD Primary Purchase Reduced 77.31 6.750 750,000
6642507203 Single Family Primary Refinance Reduced 77.51 5.875 500,000
6645865483 PUD Primary Refinance Rapid 75.00 5.875 423,750
6647237525 Four Family Investor Purchase Standard 80.00 6.250 281,600
6648317854 Single Family Primary Purchase Rapid 80.00 6.375 408,000
6648979059 PUD Primary Refinance Reduced 65.26 6.250 310,000
6649244875 Single Family Primary Purchase Standard 80.00 6.000 520,000
6650586354 Single Family Primary Cash-out Refinance Rapid 74.07 6.500 400,000
6652312528 Single Family Primary Refinance Standard 80.00 6.375 335,200
6652962074 PUD Primary Purchase Reduced 68.51 6.750 355,000
6655008941 Single Family Primary Purchase Standard 95.00 6.000 380,000
6655214036 Single Family Primary Cash-out Refinance Standard 66.29 6.125 358,000
6655429386 PUD Primary Refinance Rapid 46.47 5.875 395,000
6657989544 Single Family Primary Refinance Reduced 79.50 6.125 322,000
6659017849 PUD Primary Cash-out Refinance Standard 65.21 6.500 450,000
6659414772 Single Family Primary Purchase Rapid 80.00 6.250 512,000
6660174365 Single Family Primary Refinance Standard 42.09 6.000 583,000
6662162228 Single Family Primary Refinance Rapid 80.00 6.125 423,200
6663763222 Single Family Primary Purchase Standard 89.97 6.375 359,900
6665466220 Condominium Primary Refinance Reduced 43.25 5.750 385,000
6665810617 Single Family Primary Refinance Rapid 52.72 6.250 580,000
6665877327 PUD Primary Purchase Standard 78.94 5.875 750,000
6666802852 PUD Primary Refinance Reduced 43.44 6.000 391,000
6667927393 PUD Primary Cash-out Refinance Reduced 62.60 5.750 313,000
6669275379 PUD Primary Purchase Reduced 80.00 5.750 396,000
6670486379 Single Family Primary Refinance Standard 54.92 6.250 714,000
6674101099 Single Family Primary Refinance Reduced 25.22 6.000 425,000
0000000000 Single Family Primary Refinance Rapid 70.97 6.000 511,000
6676709956 Single Family Primary Purchase Standard 79.99 6.250 684,700
6676751032 Single Family Primary Cash-out Refinance Reduced 50.03 5.875 400,000
6679670700 Single Family Primary Purchase Rapid 63.95 6.125 550,000
6679937083 Single Family Primary Purchase Rapid 79.98 6.375 391,900
6680692933 Single Family Primary Purchase Rapid 50.61 6.250 700,000
6682079550 Single Family Primary Refinance Reduced 77.74 5.875 482,000
6682460164 Single Family Primary Purchase Rapid 80.00 6.125 389,200
6682899486 Single Family Primary Cash-out Refinance Rapid 55.76 6.250 435,000
6683001108 PUD Primary Refinance Standard 46.46 5.875 302,000
0000000000 Single Family Primary Refinance Reduced 34.73 6.375 694,700
6684789651 PUD Primary Refinance Reduced 68.21 6.250 440,000
6687553914 Single Family Primary Refinance Standard 71.94 5.875 500,000
6689357868 PUD Primary Refinance Rapid 70.00 6.125 357,000
6689825070 PUD Primary Refinance Rapid 80.00 6.250 540,000
6690130726 Single Family Primary Purchase Standard 80.00 6.500 364,000
6691729690 PUD Primary Purchase Reduced 80.00 6.500 400,000
6695129863 PUD Primary Refinance Reduced 50.66 6.125 456,000
6695489267 Single Family Primary Purchase Rapid 80.00 6.250 322,400
0000000000 Single Family Primary Refinance Standard 79.74 6.000 630,000
6697863436 PUD Primary Purchase Rapid 80.00 5.875 591,200
6699262728 PUD Primary Cash-out Refinance Rapid 70.00 6.125 399,000
6699339997 PUD Primary Refinance Reduced 65.58 5.750 531,200
6701123322 Single Family Primary Refinance Reduced 80.00 6.125 592,000
6701145622 Single Family Primary Refinance Rapid 78.11 6.500 596,000
6701632447 PUD Primary Purchase Reduced 65.46 6.500 565,000
6703193521 Single Family Primary Refinance Rapid 53.57 6.250 750,000
6704473583 Single Family Secondary Refinance Rapid 62.50 6.250 1,000,000
6705234232 Single Family Primary Refinance Reduced 24.35 6.125 414,000
0000000000 Single Family Primary Purchase Rapid 80.00 6.500 520,000
6706329072 PUD Secondary Refinance Rapid 74.54 6.000 820,000
6707278344 Single Family Primary Cash-out Refinance Reduced 68.20 6.250 439,900
6711313665 Condominium Primary Refinance Standard 73.52 6.500 937,500
6712983839 PUD Primary Purchase Rapid 80.00 6.250 356,000
6713505425 Single Family Primary Refinance Reduced 71.83 6.500 466,940
6713693858 Single Family Primary Refinance Reduced 36.11 6.250 650,000
6714052377 Single Family Primary Purchase Rapid 80.00 6.250 564,000
6716259756 Single Family Primary Refinance Rapid 64.00 6.250 336,000
0000000000 Single Family Primary Cash-out Refinance Standard 73.82 6.125 422,100
6717680810 Single Family Primary Cash-out Refinance Rapid 70.00 6.000 518,000
6719758226 Single Family Primary Cash-out Refinance Reduced 70.91 6.500 334,000
6720806287 PUD Primary Purchase Reduced 80.00 6.000 509,600
6721461512 Single Family Primary Purchase Standard 95.00 6.375 323,000
6721724471 PUD Primary Refinance Standard 63.18 6.500 366,500
6722533533 PUD Primary Purchase Rapid 89.98 6.625 364,450
6722604961 Single Family Primary Purchase Standard 80.00 6.375 340,000
6723264054 Single Family Primary Refinance Rapid 70.00 6.125 413,000
6725739020 PUD Secondary Cash-out Refinance Rapid 17.76 6.375 400,000
6727033646 Condominium Investor Refinance Rapid 68.96 6.250 400,000
6727497429 Condominium Primary Purchase Reduced 80.00 6.375 408,000
6727715317 Single Family Primary Purchase Reduced 80.00 5.875 368,000
6729029568 Single Family Primary Cash-out Refinance Rapid 61.66 6.125 370,000
6732187288 Single Family Primary Cash-out Refinance Standard 75.33 6.125 342,000
6734915736 Condominium Primary Refinance Standard 50.63 6.250 1,000,000
6735441682 Single Family Primary Refinance Rapid 70.42 6.375 1,000,000
6735970961 Single Family Primary Refinance Reduced 56.80 6.250 426,000
6736581254 PUD Primary Cash-out Refinance Standard 67.48 6.000 575,000
6736605483 Single Family Primary Purchase Standard 80.00 6.500 460,000
6737772779 Condominium Primary Purchase Rapid 80.00 6.125 504,000
6738622551 Single Family Primary Refinance All Ready Home 60.22 6.375 397,500
6738690467 PUD Primary Refinance Rapid 37.38 6.000 785,000
6739849138 Condominium Primary Purchase Standard 80.00 5.875 396,000
6741296740 Single Family Primary Purchase Reduced 71.92 6.375 520,000
6741533712 Single Family Primary Purchase Standard 80.00 6.125 432,000
0000000000 Single Family Primary Refinance Rapid 60.86 5.750 700,000
6744954519 Single Family Secondary Refinance Reduced 56.66 6.125 595,000
0000000000 Single Family Primary Cash-out Refinance Rapid 59.57 6.375 417,000
6748611966 Single Family Primary Refinance Reduced 62.07 6.250 730,000
6748992887 Single Family Primary Purchase Rapid 77.09 5.875 424,000
6750457241 Single Family Primary Purchase Rapid 80.00 6.625 368,000
0000000000 Single Family Primary Refinance Reduced 68.80 6.250 430,000
6752759107 PUD Primary Refinance Reduced 75.03 6.000 495,200
0000000000 Single Family Primary Refinance Rapid 74.94 6.000 712,000
6753106522 Single Family Primary Purchase Reduced 80.00 7.000 380,760
6756292808 Single Family Primary Refinance All Ready Home 28.12 6.250 900,000
6757592586 Single Family Primary Purchase Standard 80.00 6.250 512,000
0000000000 Single Family Primary Refinance Reduced 66.60 6.375 333,000
6759888974 PUD Primary Purchase Rapid 80.00 6.250 504,000
6761491841 PUD Primary Purchase Rapid 80.00 6.500 341,200
6761590741 Single Family Primary Refinance Reduced 80.00 5.750 536,000
6762191176 Single Family Primary Purchase Standard 75.57 6.500 475,000
6762395918 Single Family Primary Refinance All Ready Home 37.58 5.625 545,000
6762460365 Single Family Primary Cash-out Refinance Standard 60.60 6.250 400,000
6763379077 Single Family Primary Cash-out Refinance Rapid 55.38 6.375 360,000
6768901198 Single Family Primary Purchase Rapid 66.11 5.750 800,000
6769208122 Single Family Primary Cash-out Refinance Standard 60.83 6.250 730,000
6769846459 Single Family Primary Refinance Reduced 59.05 6.000 750,000
6771069280 Single Family Secondary Refinance Standard 71.47 6.375 461,000
6771935613 Condominium Primary Purchase Rapid 80.00 6.375 404,000
6774413055 Single Family Primary Purchase Rapid 80.00 6.375 412,000
6776847383 PUD Primary Purchase Rapid 70.00 6.375 721,000
6777887347 PUD Primary Cash-out Refinance Standard 78.40 6.000 345,000
6779131645 Single Family Primary Refinance Reduced 45.25 6.125 362,000
6780733918 Single Family Primary Cash-out Refinance Standard 69.10 5.875 615,000
6782132366 PUD Primary Purchase Standard 69.19 6.000 674,000
6782308404 Two Family Primary Cash-out Refinance Standard 62.50 6.250 625,000
6782725698 Single Family Investor Purchase Standard 76.47 6.375 325,000
6783461590 Single Family Primary Refinance Standard 68.14 6.125 477,000
6783785543 Single Family Primary Refinance Rapid 23.78 6.125 880,000
6784907823 Single Family Primary Refinance Reduced 50.00 6.125 700,000
0000000000 Single Family Primary Cash-out Refinance Reduced 71.86 6.125 350,000
6788380621 Single Family Primary Purchase Reduced 75.00 6.250 423,750
6788429352 Single Family Primary Purchase Standard 70.00 6.000 858,200
6789594881 Single Family Primary Cash-out Refinance Standard 61.36 6.375 675,000
6789640528 PUD Primary Cash-out Refinance Standard 80.00 6.125 372,800
6789743785 PUD Primary Cash-out Refinance Reduced 70.00 5.875 371,000
6791236505 PUD Primary Cash-out Refinance Standard 47.72 6.125 525,000
6791726125 Condominium Primary Purchase Rapid 80.00 6.375 328,000
6792395284 PUD Primary Purchase Standard 80.00 6.625 424,760
6792446210 Single Family Primary Refinance Rapid 77.04 6.250 470,000
6792806157 Single Family Primary Purchase Rapid 80.00 5.875 440,000
6796832423 PUD Primary Cash-out Refinance Standard 45.00 6.375 450,000
6797039713 Single Family Primary Cash-out Refinance Reduced 64.75 6.375 388,500
6797788350 Single Family Primary Cash-out Refinance Standard 75.00 6.500 318,750
6798258973 Condominium Primary Purchase Rapid 79.36 6.250 750,000
6799123036 Single Family Primary Refinance Standard 37.00 6.625 740,000
6799372765 PUD Primary Refinance Reduced 40.00 6.000 390,000
0000000000 Single Family Primary Refinance Rapid 67.05 6.125 973,000
6803693552 PUD Primary Purchase Rapid 78.31 5.875 650,000
6805638191 Single Family Primary Refinance Rapid 62.78 6.000 326,500
6807808784 Condominium Primary Purchase Standard 80.00 6.125 426,400
6808440520 PUD Primary Purchase Standard 63.60 6.000 319,755
6809610311 Single Family Primary Cash-out Refinance Rapid 73.37 6.375 337,516
6809727107 Single Family Primary Purchase Rapid 80.00 5.875 536,000
6814328644 Single Family Primary Purchase Standard 70.26 6.250 850,000
6815005480 Single Family Primary Cash-out Refinance Rapid 45.00 5.750 450,000
0000000000 Single Family Primary Purchase Rapid 80.00 5.875 448,000
6821304638 Single Family Primary Cash-out Refinance Rapid 65.16 6.375 580,000
6823269581 PUD Primary Refinance Reduced 62.40 6.250 390,000
6823694275 Single Family Primary Refinance Reduced 80.00 6.375 535,600
6827685493 PUD Primary Purchase Reduced 80.00 6.375 542,400
6830305386 Single Family Primary Cash-out Refinance Reduced 65.08 6.250 371,000
6830835457 Single Family Primary Purchase Standard 80.00 6.250 431,200
6833277053 Single Family Primary Purchase Standard 70.92 5.125 1,000,000
6833846352 Single Family Primary Refinance Reduced 62.17 6.375 600,000
0000000000 Single Family Primary Refinance Reduced 66.77 5.750 302,500
6835822625 Single Family Primary Refinance Reduced 42.10 6.500 400,000
6837897245 Single Family Primary Purchase Reduced 80.00 5.750 332,000
0000000000 High-Rise Condo Primary Refinance Rapid 32.32 6.250 905,000
6840948258 PUD Primary Refinance Reduced 16.13 6.000 367,000
6845423216 Single Family Primary Refinance Rapid 57.53 6.375 374,000
6845481891 PUD Primary Purchase Rapid 80.00 6.500 396,000
6846353099 Single Family Primary Purchase Reduced 69.93 5.500 400,000
6846718259 PUD Primary Refinance Standard 68.46 6.625 445,000
6846968086 Single Family Primary Refinance Reduced 60.64 6.250 379,000
6847009237 Single Family Primary Purchase Reduced 80.00 6.250 361,600
6847325732 Single Family Primary Refinance Rapid 22.11 6.250 995,000
6847667356 PUD Primary Refinance Reduced 78.28 6.250 685,000
6848960396 Condominium Primary Purchase Reduced 57.29 6.250 495,000
6850585248 Single Family Primary Refinance Reduced 60.32 6.375 325,752
6851526225 Single Family Primary Refinance Rapid 33.49 6.125 412,000
6851604428 PUD Primary Refinance All Ready Home 18.75 5.875 750,000
6853730114 Single Family Primary Cash-out Refinance Standard 44.44 6.625 400,000
6854515670 Single Family Primary Refinance All Ready Home 21.33 5.875 981,300
6854701510 PUD Primary Cash-out Refinance Standard 74.46 6.625 350,000
6854751655 Condominium Primary Purchase Rapid 80.00 6.500 556,000
6855736937 Single Family Primary Purchase Reduced 75.00 6.625 393,000
6858943340 PUD Primary Refinance Rapid 62.50 5.250 1,000,000
0000000000 Single Family Primary Refinance Rapid 56.56 6.000 362,000
6861214424 Single Family Primary Purchase Standard 80.00 6.250 319,600
6861981576 PUD Primary Purchase Rapid 80.00 6.500 372,000
6862022909 Single Family Primary Purchase Standard 80.00 5.750 448,000
6864940660 PUD Primary Refinance Standard 56.45 6.000 350,000
6867026442 PUD Primary Purchase Rapid 79.30 6.375 444,900
6867491570 Single Family Primary Refinance Standard 77.40 6.375 418,000
6867814854 Single Family Primary Refinance Reduced 68.78 6.500 540,000
6868828846 Single Family Primary Purchase Rapid 80.00 6.375 367,200
6870204085 Single Family Primary Refinance Rapid 80.00 6.375 360,000
6870688758 PUD Primary Purchase Reduced 72.91 5.750 350,000
0000000000 PUD Secondary Purchase Rapid 80.00 6.500 314,000
6873765967 Single Family Primary Purchase Rapid 80.00 6.500 440,000
6874667121 Single Family Primary Purchase Rapid 80.00 6.250 364,000
6876091866 PUD Primary Refinance Reduced 20.75 6.125 685,000
6878350161 Single Family Primary Refinance All Ready Home 52.32 6.375 450,000
6879370259 PUD Primary Refinance All Ready Home 51.79 6.375 360,000
6880979023 PUD Primary Refinance Rapid 19.40 6.000 650,000
0000000000 PUD Primary Purchase Rapid 79.36 6.375 373,000
6881418492 Single Family Primary Cash-out Refinance Standard 29.62 6.375 400,000
0000000000 Single Family Primary Refinance Standard 74.36 6.000 468,500
6885913795 Single Family Primary Purchase Rapid 80.00 6.625 664,800
6887540471 Single Family Primary Cash-out Refinance Rapid 80.00 6.625 384,000
6888506463 Single Family Primary Refinance Reduced 48.46 6.125 315,000
6889072929 Single Family Primary Refinance Reduced 32.40 6.250 405,000
0000000000 Three Family Primary Cash-out Refinance Standard 49.41 6.375 506,500
6893852910 Single Family Primary Purchase Standard 95.00 5.125 366,605
0000000000 PUD Primary Purchase Rapid 51.61 5.875 800,000
6897982473 Condominium Secondary Purchase Rapid 80.00 6.250 400,000
6898421893 Single Family Primary Refinance Rapid 40.00 6.000 490,000
6898588709 Single Family Primary Purchase Standard 80.00 6.375 520,000
6898676124 PUD Primary Refinance Rapid 69.54 5.875 765,000
6898737124 PUD Primary Refinance Reduced 66.98 6.250 355,000
6898995292 Single Family Primary Refinance Rapid 45.45 6.000 500,000
6900205342 PUD Primary Purchase Reduced 56.66 6.250 340,000
6900522985 Single Family Primary Refinance Rapid 70.00 6.250 700,000
6902394425 PUD Primary Refinance All Ready Home 74.03 6.125 981,000
6902409306 Single Family Primary Refinance Rapid 74.64 6.500 627,000
6902555736 PUD Primary Refinance Reduced 78.82 6.250 335,000
6905369689 Single Family Primary Purchase Rapid 95.00 6.250 310,650
6909652858 PUD Primary Refinance Rapid 59.86 6.375 440,000
6911103478 Single Family Primary Purchase Rapid 66.66 6.500 500,000
6911443825 Condominium Primary Refinance Reduced 74.00 6.125 333,000
6912474035 Single Family Investor Refinance Standard 27.48 6.250 687,000
6915888827 PUD Primary Refinance Rapid 42.10 6.125 477,850
6916737627 Single Family Primary Refinance Rapid 33.33 6.375 1,000,000
6917096239 Condominium Primary Purchase Reduced 80.00 5.875 424,000
6917777507 Single Family Primary Refinance Standard 47.61 6.250 1,000,000
0000000000 Single Family Primary Purchase Standard 80.00 6.500 357,600
6919752094 PUD Primary Refinance Standard 76.63 6.125 410,000
6919943834 PUD Primary Purchase Standard 80.00 6.250 636,000
0000000000 Single Family Primary Purchase Rapid 80.00 6.375 600,000
6920991095 Single Family Primary Purchase Reduced 80.00 6.125 444,000
6923516527 PUD Primary Purchase Standard 80.09 6.125 368,447
6925538743 Single Family Primary Cash-out Refinance Reduced 57.23 6.000 352,000
6926187748 PUD Investor Purchase Standard 59.01 6.250 360,000
6926539070 Condominium Primary Refinance Reduced 57.00 6.125 513,000
6927141751 PUD Primary Refinance Standard 71.80 6.125 675,000
6929457668 Single Family Primary Purchase Standard 80.00 6.250 316,000
6929543582 Single Family Primary Purchase Rapid 80.00 5.750 412,000
6930348286 Single Family Primary Refinance Rapid 79.71 6.125 550,000
6931648015 PUD Primary Purchase Reduced 79.97 6.500 615,000
6932337642 Single Family Primary Refinance Rapid 80.00 6.000 460,000
6932878330 PUD Primary Purchase Reduced 61.64 6.000 450,000
6933800929 Single Family Primary Refinance Reduced 61.29 5.875 570,000
6935342748 Single Family Primary Purchase Standard 80.00 6.250 447,600
6941349067 PUD Primary Purchase Rapid 80.00 6.000 592,000
6941885136 Single Family Primary Refinance Reduced 58.75 6.250 705,000
6943749983 Single Family Primary Refinance Standard 61.42 5.875 820,000
6944925715 Single Family Primary Purchase Rapid 52.03 6.125 320,000
6946497242 Single Family Primary Purchase Rapid 75.00 6.625 841,875
0000000000 PUD Primary Refinance Standard 80.00 5.875 468,000
6950156288 Condominium Primary Purchase Rapid 80.00 6.375 559,200
6950908266 Single Family Primary Refinance All Ready Home 44.06 6.125 656,500
6952141353 Single Family Primary Cash-out Refinance Standard 52.91 5.875 635,000
6952299797 Single Family Primary Refinance Reduced 56.48 6.000 706,000
6954180748 PUD Secondary Cash-out Refinance Standard 66.66 6.375 500,000
6954533219 Single Family Primary Refinance Reduced 57.77 6.500 361,100
6955455099 Single Family Primary Refinance Standard 51.38 6.250 668,000
6955554420 Single Family Primary Refinance Reduced 63.36 6.750 735,000
6957470138 Single Family Primary Refinance Standard 44.44 6.250 1,000,000
6957853234 Single Family Primary Refinance Reduced 63.83 6.000 315,983
0000000000 Condominium Primary Purchase Rapid 80.00 5.875 340,000
0000000000 High-Rise Condo Primary Purchase Rapid 79.38 6.625 539,000
0000000000 Single Family Primary Refinance Reduced 52.02 6.250 476,000
6960552997 Single Family Primary Refinance Standard 80.00 6.500 348,800
6961289201 Single Family Primary Cash-out Refinance Reduced 60.57 6.000 530,000
6962928898 PUD Primary Refinance Standard 80.00 6.000 572,000
0000000000 Single Family Primary Refinance Reduced 70.00 6.125 518,000
6964081365 Condominium Primary Purchase Rapid 70.00 6.375 336,000
6964381799 PUD Primary Purchase Rapid 80.00 6.625 551,200
6965399196 Single Family Primary Refinance Standard 79.93 6.125 526,000
6969110979 PUD Secondary Refinance Standard 71.27 6.000 392,000
6970699580 PUD Primary Refinance Standard 75.00 6.500 366,750
0000000000 Single Family Primary Refinance Reduced 54.66 6.250 492,000
6973311548 Single Family Primary Purchase Reduced 67.49 6.000 380,000
6975415156 Single Family Primary Refinance Rapid 50.60 6.125 420,000
6975976496 Single Family Primary Refinance Reduced 56.53 6.000 735,000
6976105004 Single Family Primary Purchase Rapid 80.00 6.125 502,400
6976943677 Single Family Primary Refinance Standard 80.00 5.625 720,000
6977562062 Single Family Primary Refinance Reduced 25.82 6.125 452,000
6977780367 Single Family Primary Purchase Reduced 85.11 6.125 484,500
6978613955 Single Family Primary Refinance All Ready Home 28.88 6.250 491,000
6980704016 PUD Secondary Refinance Reduced 76.63 6.125 425,300
6981786228 PUD Primary Refinance Reduced 80.00 6.250 368,000
6982402619 PUD Primary Refinance Standard 80.00 6.375 372,000
6983734010 PUD Primary Purchase Standard 70.88 6.375 560,000
6988069701 Single Family Primary Purchase Standard 69.62 5.750 550,000
6988857436 Single Family Primary Purchase Standard 75.00 6.500 576,000
6991271815 Single Family Primary Refinance All Ready Home 59.81 6.000 379,800
6991523157 Single Family Primary Refinance Rapid 64.78 6.125 745,000
6991867703 PUD Primary Purchase Rapid 73.59 5.875 557,500
6992230539 Single Family Primary Refinance Standard 58.12 6.375 372,000
6992362167 Single Family Primary Refinance Standard 80.00 6.125 584,000
6992417359 Single Family Primary Purchase Rapid 80.00 6.625 430,400
6994551999 Single Family Primary Refinance Standard 79.84 5.875 519,000
6995362982 Single Family Primary Refinance Reduced 36.07 6.250 505,000
6999138800 PUD Primary Cash-out Refinance Rapid 43.00 6.000 430,000
LOAN 1ST PAYMENT MATURITY ORIG MONTHLY CURRENT SCHEDULED APPRAISAL SALES 1ST RATE
NUMBER DATE DATE TERM P&I DUE DATE PB VALUE PRICE CHANGE
------ ----------- -------- ---- ------- -------- --------- --------- ----- --------
6000143708 20020401 20320301 360 2,817.37 20020501 439,611.80 550,000 -- 20070301
0000000000 20020401 20320301 360 2,980.08 20020401 483,540.75 1,000,000 -- 20070301
6000637147 20020501 20320401 360 1,966.53 20020501 328,000.00 410,000 410,000 20070401
6001343901 20020501 20320401 360 3,748.90 20020501 578,000.00 735,000 -- 20070401
6003201354 20020501 20320401 360 2,804.90 20020501 455,550.00 569,500 569,450 20070401
6003905319 20020501 20320401 360 5,990.93 20020501 973,000.00 1,800,000 -- 20070401
6004508294 20020501 20320401 360 3,645.67 20020501 600,000.00 753,000 753,000 20070401
6006444803 20020501 20320401 360 4,156.10 20020501 675,000.00 1,100,000 -- 20070401
6007029421 20020501 20320401 360 2,686.29 20020501 425,000.00 610,000 -- 20070401
6009434579 20020501 20320401 360 6,040.19 20020501 981,000.00 1,700,000 -- 20070401
6009466365 20020501 20320401 360 3,160.34 20020501 500,000.00 780,000 -- 20070401
6010345566 20020501 20320401 360 2,493.66 20020501 405,000.00 540,000 -- 20070401
6010368733 20020501 20320401 360 2,220.98 20020501 356,000.00 450,000 479,000 20070401
6011214597 20020401 20320301 360 4,679.03 20020401 749,305.35 1,180,000 -- 20070301
6011600332 20020501 20320401 360 2,586.02 20020501 420,000.00 525,000 -- 20070401
6012007735 20020501 20320401 360 4,557.08 20020501 750,000.00 1,670,000 -- 20070401
6012792799 20020501 20320401 360 2,584.32 20020501 468,000.00 590,000 585,000 20070401
6012920457 20020401 20320301 360 2,807.42 20020401 449,583.21 620,000 654,742 20070301
6013411886 20020501 20320401 360 3,797.57 20020501 625,000.00 839,000 825,000 20070401
6014162033 20020501 20320401 360 5,451.59 20020501 862,500.00 1,150,000 -- 20070401
6014549007 20020501 20320401 360 5,837.39 20020501 900,000.00 2,150,000 2,147,500 20070401
6015589085 20020401 20320301 360 5,767.74 20020401 935,861.17 1,270,000 -- 20070301
6018003316 20020501 20320401 360 3,888.71 20020501 640,000.00 800,000 -- 20070401
6019573317 20020401 20320301 360 2,641.43 20020401 428,592.95 632,000 629,000 20070301
6020389976 20020401 20320301 360 2,278.54 20020401 374,635.52 560,000 -- 20070301
6021211914 20020501 20320401 360 1,952.08 20020501 330,000.00 435,000 435,000 20070401
6021556979 20020401 20320301 360 2,461.91 20020401 389,147.88 493,000 487,245 20070301
0000000000 20020501 20320401 360 2,128.41 20020501 355,000.00 630,000 -- 20070401
6022867987 20020401 20320301 360 2,839.38 20020401 479,509.62 600,000 599,999 20070301
6025914372 20020501 20320401 360 2,261.23 20020501 367,251.00 390,000 386,580 20070401
6028371984 20020501 20320401 360 2,002.63 20020501 321,000.00 556,500 -- 20070401
6029442446 20020501 20320401 360 3,146.99 20020501 532,000.00 760,000 760,000 20070401
6031741694 20020501 20320401 360 1,918.57 20020501 320,000.00 418,000 -- 20070401
0000000000 20020501 20320401 360 3,151.30 20020501 540,000.00 675,000 675,000 20070401
6033638559 20020501 20320401 360 2,430.45 20020501 400,000.00 650,000 -- 20070401
6034884905 20020501 20320401 360 2,807.42 20020501 450,000.00 770,000 -- 20070401
6035884235 20020501 20320401 360 2,462.87 20020501 400,000.00 560,000 -- 20070401
6036770458 20020501 20320401 360 1,918.57 20020501 320,000.00 470,000 -- 20070401
6038928005 20020301 20320201 360 2,358.20 20020401 382,271.29 580,000 -- 20070201
6041819845 20020501 20320401 360 2,224.19 20020501 376,000.00 850,000 -- 20070401
6046883002 20020401 20320301 360 1,890.26 20020401 306,708.70 575,000 -- 20070301
6048846296 20020401 20320301 360 2,495.48 20020401 399,629.52 805,000 -- 20070301
6050691648 20020501 20320401 360 2,851.09 20020501 457,000.00 600,000 -- 20070401
6051785753 20020501 20320401 360 3,400.66 20020501 567,200.00 740,000 709,000 20070401
6054791600 20020401 20320301 360 2,014.49 20020401 335,665.51 420,000 -- 20070301
6055386780 20020401 20320301 360 5,430.63 20020401 881,163.12 2,850,000 -- 20070301
6057332246 20020401 20320301 360 2,236.26 20020401 382,799.91 490,000 479,000 20070301
6057556323 20020401 20320301 360 2,532.92 20020401 405,623.96 550,000 -- 20070301
6057797158 20020501 20320401 360 3,423.39 20020501 556,000.00 751,500 -- 20070401
6057904622 20020501 20320401 360 2,185.74 20020501 369,500.00 600,000 -- 20070401
6060549760 20020501 20320401 360 2,596.06 20020501 433,000.00 483,000 483,000 20070401
6063897257 20020501 20320401 360 3,468.72 20020501 556,000.00 700,000 695,000 20070401
6065167865 20020501 20320401 360 4,496.63 20020501 750,000.00 1,475,000 -- 20070401
6065889419 20020501 20320401 360 2,795.02 20020501 472,500.00 675,000 -- 20070401
0000000000 20020401 20320301 360 2,285.86 20020401 366,060.64 458,000 -- 20070301
6068486940 20020501 20320401 360 2,430.45 20020501 400,000.00 519,000 519,000 20070401
6068499877 20020401 20320301 360 2,364.36 20020401 383,635.64 480,000 480,000 20070301
6070638538 20020401 20320301 360 5,960.15 20020401 967,081.52 3,500,000 -- 20070301
6070732935 20020501 20320401 360 3,201.56 20020501 500,000.00 760,000 -- 20070401
6071513151 20020501 20320401 360 3,324.88 20020501 540,000.00 1,000,000 -- 20070401
6071953514 20020501 20320401 360 2,290.47 20020501 372,000.00 465,000 -- 20070401
6071962903 20020401 20320301 360 4,833.39 20020401 784,255.15 4,800,000 -- 20070301
6072509570 20020501 20320401 360 2,770.73 20020501 450,000.00 600,000 -- 20070401
0000000000 20020401 20320301 360 2,193.50 20020401 355,911.97 380,000 375,000 20070301
6072863951 20020401 20320301 360 2,527.66 20020401 415,595.67 520,000 520,000 20070301
6074854768 20020501 20320401 360 2,452.43 20020501 388,000.00 485,000 485,000 20070401
6074878197 20020501 20320401 360 2,355.12 20020501 382,500.00 425,000 425,000 20070401
6077989140 20020401 20320301 360 2,076.24 20020401 332,491.76 416,000 -- 20070301
6079165111 20020401 20320301 360 2,503.36 20020401 411,599.56 515,000 515,000 20070301
6079438625 20020401 20320301 360 2,028.92 20020401 377,495.87 580,000 577,950 20070301
6081378504 20020501 20320401 360 2,361.35 20020501 378,500.00 510,000 -- 20070401
6083087822 20020501 20320401 360 3,818.09 20020501 612,000.00 765,000 765,000 20070401
6083748910 20020401 20320301 360 2,709.16 20020401 439,582.51 550,000 -- 20070301
6083826435 20020501 20320401 360 2,080.46 20020501 342,400.00 430,000 428,000 20070401
6084434890 20020501 20320401 360 2,728.16 20020501 437,295.00 650,000 -- 20070401
6084826624 20020401 20320301 360 2,265.84 20020401 367,650.83 460,000 460,000 20070301
6086819379 20020501 20320401 360 2,434.18 20020501 406,000.00 775,000 -- 20070401
6089409434 20020501 20320401 360 2,056.60 20020501 329,652.00 455,000 -- 20070401
6092045225 20020401 20320301 360 1,883.60 20020401 309,698.69 630,000 -- 20070301
6092166393 20020501 20320401 360 3,705.69 20020501 635,000.00 1,100,000 -- 20070401
0000000000 20020501 20320401 360 3,038.06 20020501 500,000.00 779,500 -- 20070401
6094199749 20020401 20320301 360 2,076.56 20020401 332,541.71 357,000 350,388 20070301
6094903884 20020401 20320301 360 2,044.32 20020401 318,987.31 595,000 -- 20070301
0000000000 20020501 20320401 360 2,173.91 20020501 367,500.00 495,000 -- 20070401
6096151763 20020501 20320401 360 2,870.96 20020501 472,500.00 675,000 -- 20070401
6096234973 20020401 20320301 360 2,925.81 20020401 487,514.19 625,000 610,000 20070301
6096877599 20020401 20320301 360 2,157.02 20020401 354,654.96 570,000 569,900 20070301
6097649807 20020401 20320301 360 2,776.23 20020401 444,587.83 650,000 -- 20070301
0000000000 20020501 20320401 360 2,171.07 20020501 348,000.00 485,000 -- 20070401
6100190633 20020501 20320401 360 4,002.17 20020501 650,000.00 980,000 930,000 20070401
6101170717 20020501 20320401 360 4,676.04 20020501 739,800.00 1,250,000 -- 20070401
6101242169 20020501 20320401 360 1,999.85 20020501 324,800.00 406,000 406,000 20070401
6101991757 20020501 20320401 360 2,425.60 20020501 427,200.00 534,000 534,000 20070401
6104893687 20020501 20320401 360 3,117.67 20020501 520,000.00 650,000 650,000 20070401
6105107954 20020501 20320401 360 3,602.79 20020501 570,000.00 950,000 -- 20070401
6105532805 20020401 20320301 360 2,114.49 20020401 347,661.76 440,000 435,000 20070301
6105539404 20020501 20320401 360 3,743.22 20020501 600,000.00 1,200,000 -- 20070401
6105669490 20020401 20320301 360 2,610.65 20020401 423,597.68 530,000 530,000 20070301
6106338384 20020501 20320401 360 2,794.94 20020501 448,000.00 661,000 -- 20070401
6107100494 20020501 20320401 360 2,957.69 20020501 500,000.00 700,000 -- 20070401
0000000000 20020401 20320301 360 3,261.56 20020401 543,458.44 681,000 681,000 20070301
0000000000 20020501 20320401 360 4,392.88 20020501 695,000.00 950,000 -- 20070401
6110420707 20020401 20320301 360 2,657.49 20020401 448,791.96 599,000 599,000 20070301
6113392887 20020501 20320401 360 4,557.08 20020501 750,000.00 1,300,000 -- 20070401
6114442145 20020501 20320401 360 2,321.08 20020501 382,000.00 549,000 -- 20070401
6115759489 20020401 20320301 360 3,509.59 20020401 569,459.16 2,000,000 -- 20070301
6116113728 20020401 20270301 300 6,674.18 20020401 998,638.32 2,535,000 -- 20070301
6116633790 20020501 20320401 360 5,603.03 20020501 910,000.00 2,500,000 -- 20070401
6118408506 20020501 20320401 360 2,913.74 20020501 455,050.00 479,000 479,000 20070401
6118622080 20020501 20320401 360 2,969.63 20020501 476,000.00 595,000 595,000 20070401
6118870952 20020401 20320301 360 2,610.45 20020401 412,626.63 590,000 -- 20070301
6119723416 20020401 20320301 360 5,079.67 20020401 824,217.21 1,176,000 1,100,000 20070301
6121825092 20020501 20320401 360 3,646.52 20020501 584,500.00 835,000 -- 20070401
6122015743 20020401 20320301 360 1,833.77 20020401 309,683.94 400,000 -- 20070301
6122330142 20020501 20320401 360 2,976.23 20020501 510,000.00 850,000 -- 20070401
6125878428 20020501 20320401 360 2,155.02 20020501 350,000.00 1,300,000 -- 20070401
6126436648 20020401 20320301 360 3,697.60 20020401 584,471.15 875,000 875,000 20070301
6126607248 20020401 20320301 360 2,778.58 20020401 439,202.59 550,000 549,500 20070301
0000000000 20020501 20320401 360 2,153.35 20020501 332,000.00 440,000 -- 20070401
6130559757 20020501 20320401 360 2,793.75 20020501 442,000.00 750,000 -- 20070401
6131144096 20020501 20320401 360 2,401.17 20020501 375,000.00 528,000 -- 20070401
6133268232 20020501 20320401 360 2,278.54 20020501 375,000.00 640,000 -- 20070401
6133905254 20020501 20320401 360 4,298.07 20020501 680,000.00 850,000 -- 20070401
6134979654 20020401 20320301 360 2,383.19 20020401 381,646.19 550,000 -- 20070301
6137029432 20020501 20320401 360 3,237.58 20020501 540,000.00 1,500,000 -- 20070401
0000000000 20020501 20320401 360 3,645.67 20020501 600,000.00 2,500,000 -- 20070401
6138009987 20020501 20320401 360 2,557.87 20020501 410,000.00 640,000 -- 20070401
6138338386 20020401 20270301 300 2,865.07 20020401 449,338.06 625,000 625,000 20070301
6138344434 20020501 20320401 360 2,152.36 20020501 345,000.00 650,000 -- 20070401
6139789645 20020501 20320401 360 2,398.21 20020501 400,000.00 840,000 -- 20070401
6139830944 20020401 20320301 360 3,859.29 20020401 641,115.89 1,500,000 -- 20070301
6140146579 20020501 20320401 360 2,925.81 20020501 488,000.00 760,000 -- 20070401
6140239952 20020401 20320301 360 2,099.96 20020401 354,638.06 1,180,000 -- 20070301
6143415849 20020501 20320401 360 2,527.66 20020501 416,000.00 520,000 520,000 20070401
6143582317 20020501 20320401 360 3,425.67 20020501 535,000.00 1,775,000 -- 20070401
6144139794 20020401 20320301 360 3,949.47 20020401 649,368.24 960,000 950,000 20070301
6144619795 20020501 20320401 360 2,058.96 20020501 334,400.00 418,000 418,000 20070401
6145418247 20020501 20320401 360 2,320.80 20020501 371,094.23 475,000 -- 20070401
6145583776 20020401 20320301 360 5,390.24 20020401 863,199.76 1,152,000 1,152,000 20070301
6145881501 20020401 20320301 360 3,949.47 20020401 649,368.24 850,000 -- 20070301
6147438607 20020501 20320401 360 3,047.81 20020501 495,000.00 885,000 -- 20070401
6148357772 20020501 20320401 360 2,945.44 20020501 466,000.00 590,000 -- 20070401
6149460666 20020501 20320401 360 3,632.74 20020501 590,000.00 863,000 860,000 20070401
6149912872 20020501 20320401 360 2,781.10 20020501 440,000.00 615,000 -- 20070401
6150112370 20020401 20320301 360 3,377.69 20020401 570,417.83 935,000 -- 20070301
6152701238 20020501 20320401 360 2,398.21 20020501 400,000.00 580,000 -- 20070401
6154465667 20020501 20320401 360 3,318.99 20020501 532,000.00 665,000 665,000 20070401
6154524133 20020501 20320401 360 2,649.19 20020501 436,000.00 545,000 545,000 20070401
0000000000 20020501 20320401 360 2,847.87 20020501 475,000.00 600,000 -- 20070401
6156031756 20020501 20320401 360 2,781.10 20020501 440,000.00 550,000 550,000 20070401
6157754190 20020501 20320401 360 2,419.77 20020501 393,000.00 800,000 -- 20070401
6158832409 20020501 20320401 360 3,054.29 20020501 477,000.00 1,025,000 -- 20070401
0000000000 20020501 20320401 360 6,238.70 20020501 1,000,000.00 4,400,000 -- 20070401
6160778525 20020501 20320401 360 2,542.10 20020501 424,000.00 530,000 530,000 20070401
6163150557 20020401 20320301 360 2,351.30 20020401 371,663.70 465,000 465,000 20070301
6163175703 20020501 20320401 360 5,380.88 20020501 862,500.00 1,150,000 -- 20070401
6163441980 20020501 20320401 360 6,076.11 20020501 1,000,000.00 3,375,000 -- 20070401
0000000000 20020501 20320401 360 3,792.41 20020501 600,000.00 750,000 -- 20070401
6167268587 20020401 20320301 360 4,055.16 20020401 647,359.61 1,365,000 -- 20070301
6167342689 20020401 20320301 360 2,376.98 20020401 390,819.77 489,000 489,000 20070301
6167574935 20020401 20320301 360 4,310.03 20020401 699,335.80 1,000,000 -- 20070301
6168393590 20020401 20320301 360 2,098.47 20020401 331,699.86 415,000 415,000 20070301
6169785091 20020501 20320401 360 2,320.80 20020501 370,667.90 465,000 -- 20070401
6170238189 20020501 20320401 360 3,949.47 20020501 650,000.00 960,000 -- 20070401
6172851310 20020401 20320301 360 2,977.30 20020401 477,462.49 710,000 -- 20070301
6175270054 20020401 20320301 360 1,968.66 20020401 323,685.09 405,000 -- 20070301
6175721627 20020501 20320401 360 6,403.11 20020501 1,000,000.00 3,200,000 -- 20070401
6176182712 20020501 20320401 360 3,943.48 20020501 608,000.00 760,000 760,000 20070401
6178105281 20020501 20320401 360 2,503.28 20020501 401,250.00 535,000 535,000 20070401
6178303852 20020401 20320301 360 2,745.03 20020401 439,592.47 1,000,000 -- 20070301
6180933589 20020401 20320301 360 3,738.02 20020401 614,602.06 769,000 769,000 20070301
6182086006 20020501 20320401 360 4,212.37 20020501 675,200.00 845,000 844,000 20070401
6183887923 20020401 20320301 360 1,982.84 20020401 334,858.24 421,000 419,000 20070301
6186246945 20020501 20320401 360 5,307.49 20020501 862,000.00 1,500,000 -- 20070401
6187502882 20020501 20320401 360 2,647.59 20020501 430,000.00 585,000 -- 20070401
0000000000 20020501 20320401 360 2,276.31 20020501 355,500.00 485,000 -- 20070401
6189218834 20020501 20320401 360 3,064.91 20020501 511,200.00 639,000 639,000 20070401
6190985579 20020501 20320401 360 2,001.03 20020501 352,423.55 410,000 -- 20070401
6192425095 20020501 20320401 360 2,994.85 20020501 486,400.00 610,000 -- 20070401
6193270458 20020501 20320401 360 2,555.23 20020501 415,000.00 650,000 -- 20070401
6194176126 20020501 20320401 360 2,093.44 20020501 340,000.00 930,000 -- 20070401
0000000000 20020501 20320401 360 1,895.75 20020501 312,000.00 770,000 -- 20070401
6196769639 20020501 20320401 360 3,386.45 20020501 550,000.00 830,000 -- 20070401
6199104727 20020501 20320401 360 2,098.43 20020501 350,000.00 1,515,000 -- 20070401
6200143573 20020501 20320401 360 2,377.99 20020501 402,000.00 700,000 -- 20070401
6200355227 20020401 20320301 360 4,106.93 20020401 684,318.07 1,050,000 -- 20070301
6200547385 20020501 20320401 360 1,938.28 20020501 319,000.00 560,000 -- 20070401
6205538678 20020501 20320401 360 2,624.88 20020501 432,000.00 540,000 -- 20070401
6209691945 20020401 20320301 360 2,770.71 20020401 455,556.79 570,000 570,000 20070301
6210010374 20020501 20320401 360 2,543.66 20020501 407,722.00 720,000 -- 20070401
6210202393 20020501 20320401 360 3,845.00 20020501 650,000.00 1,200,000 -- 20070401
6210255466 20020501 20320401 360 1,804.79 20020501 305,100.00 750,000 -- 20070401
6211254120 20020501 20320401 360 2,610.45 20020501 413,000.00 1,200,000 -- 20070401
6211375537 20020501 20320401 360 2,245.94 20020501 360,000.00 840,000 840,000 20070401
6212034471 20020401 20320301 360 2,693.01 20020401 431,262.19 481,000 479,625 20070301
6214117258 20020501 20320401 360 3,075.51 20020501 499,500.00 660,000 -- 20070401
6215262400 20020501 20320401 360 2,734.25 20020501 450,000.00 950,000 -- 20070401
6215989267 20020501 20320401 360 2,357.53 20020501 388,000.00 485,000 485,000 20070401
6219859961 20020501 20320401 360 2,444.40 20020501 397,000.00 650,000 -- 20070401
6220709429 20020501 20320401 360 2,245.94 20020501 360,000.00 450,000 450,000 20070401
6222814375 20020501 20320401 360 2,342.49 20020501 396,000.00 800,000 -- 20070401
6223585925 20020501 20320401 360 2,484.46 20020501 420,000.00 525,000 -- 20070401
6223759249 20020401 20320301 360 2,382.90 20020401 376,659.18 775,000 -- 20070301
6224266665 20020501 20320401 360 3,078.59 20020501 500,000.00 1,300,000 -- 20070401
6224926243 20020501 20320401 360 2,302.63 20020501 396,957.24 850,000 -- 20070401
6225461208 20020501 20320401 360 3,141.35 20020501 517,000.00 820,000 -- 20070401
6227243349 20020501 20320401 360 3,041.50 20020501 487,520.00 620,500 609,400 20070401
6227581540 20020401 20320301 360 3,680.84 20020401 589,453.54 900,000 -- 20070301
6227728448 20020501 20320401 360 2,136.54 20020501 347,000.00 445,000 -- 20070401
6227750178 20020501 20320401 360 2,462.87 20020501 400,000.00 1,700,000 -- 20070401
6229273724 20020501 20320401 360 2,620.26 20020501 420,000.00 780,000 -- 20070401
6229735581 20020501 20320401 360 3,700.35 20020501 609,000.00 1,800,000 -- 20070401
6230973288 20020501 20320401 360 2,495.48 20020501 400,000.00 675,000 -- 20070401
6232748431 20020401 20320301 360 6,157.18 20020401 999,051.15 1,825,000 -- 20070301
6234834486 20020501 20320401 360 5,068.43 20020501 812,417.00 1,016,000 1,015,522 20070401
6236253131 20020501 20320401 360 2,118.07 20020501 344,000.00 600,000 -- 20070401
6238131988 20020501 20320401 360 3,621.36 20020501 596,000.00 1,500,000 -- 20070401
6239568873 20020501 20320401 360 2,620.04 20020501 437,000.00 2,775,000 -- 20070401
6239630947 20020401 20320301 360 2,949.79 20020401 491,510.21 975,000 -- 20070301
6240336609 20020501 20320401 360 3,718.58 20020501 612,000.00 1,350,000 -- 20070401
0000000000 20020401 20320301 360 2,479.06 20020401 407,603.44 510,000 510,000 20070301
0000000000 20020501 20320401 360 2,762.81 20020501 454,700.00 1,000,000 -- 20070401
6241762472 20020501 20320401 360 2,019.56 20020501 328,000.00 1,050,000 -- 20070401
6241804746 20020501 20320401 360 2,002.63 20020501 321,000.00 425,000 425,000 20070401
6243704811 20020501 20320401 360 3,265.29 20020501 552,000.00 690,000 690,000 20070401
0000000000 20020401 20320301 360 2,839.48 20020401 473,128.52 592,000 -- 20070301
6244588544 20020501 20320401 360 2,278.30 20020501 380,000.00 568,000 -- 20070401
6245296717 20020401 20320301 360 3,329.71 20020401 547,467.37 685,000 -- 20070301
6247448316 20020401 20320301 360 5,909.47 20020401 997,981.47 1,250,000 -- 20070301
0000000000 20020501 20320401 360 5,848.79 20020501 937,500.00 1,300,000 1,300,000 20070401
6247648220 20020501 20320401 360 3,524.15 20020501 580,000.00 725,000 725,000 20070401
6248284009 20020501 20320401 360 3,144.31 20020501 504,000.00 630,000 630,000 20070401
6249266583 20020501 20320401 360 2,228.38 20020501 381,850.00 715,000 -- 20070401
6249495729 20020501 20320401 360 2,734.25 20020501 450,000.00 685,000 -- 20070401
6249639227 20020401 20320301 360 2,449.27 20020401 387,149.69 775,000 -- 20070301
6250502900 20020501 20320401 360 2,495.48 20020501 400,000.00 750,000 -- 20070401
6251234347 20020501 20320401 360 2,305.12 20020501 360,000.00 450,000 450,000 20070401
6251490550 20020501 20320401 360 3,179.57 20020501 516,400.00 753,000 -- 20070401
6251527955 20020501 20320401 360 2,654.51 20020501 448,747.00 561,000 560,934 20070401
6251732514 20020401 20320301 360 1,903.91 20020401 339,619.01 445,000 -- 20070301
6252876559 20020501 20320401 360 2,216.59 20020501 360,000.00 460,000 -- 20070401
6253146499 20020501 20320401 360 5,959.54 20020501 994,000.00 1,420,000 -- 20070401
6257988359 20020501 20320401 360 2,324.72 20020501 382,600.00 600,000 -- 20070401
6260804825 20020501 20320401 360 2,582.35 20020501 425,000.00 720,000 -- 20070401
6263054915 20020501 20320401 360 4,040.18 20020501 639,200.00 799,000 799,000 20070401
6267904818 20020501 20320401 360 4,247.22 20020501 689,800.00 990,000 -- 20070401
6268169486 20020401 20320301 360 1,948.54 20020401 324,676.46 437,500 -- 20070301
6269171101 20020401 20320301 360 2,096.21 20020401 335,688.79 420,000 420,000 20070301
6272395192 20020401 20320301 360 2,098.47 20020401 331,699.86 430,204 415,000 20070301
6273070752 20020501 20320401 360 5,845.62 20020501 975,000.00 1,800,000 -- 20070401
6273322583 20020501 20320401 360 2,420.62 20020501 388,000.00 485,000 499,000 20070401
6274643821 20020401 20320301 360 2,685.64 20020401 441,570.40 540,000 -- 20070301
6274810735 20020501 20320401 360 5,614.83 20020501 900,000.00 1,200,000 1,200,000 20070401
6277308406 20020501 20320401 360 3,044.49 20020501 488,000.00 610,000 610,000 20070401
0000000000 20020401 20320301 360 2,098.47 20020401 331,699.86 415,000 415,000 20070301
6277693856 20020501 20320401 360 2,551.97 20020501 420,000.00 525,000 525,000 20070401
6280229243 20020501 20320401 360 1,971.55 20020501 311,920.00 390,000 389,900 20070401
6283075973 20020501 20320401 360 2,690.69 20020501 437,000.00 696,000 -- 20070401
6283201249 20020401 20320301 360 5,899.58 20020401 983,020.42 1,600,000 -- 20070301
6284906507 20020401 20320301 360 3,239.14 20020401 518,719.11 649,000 649,000 20070301
6285082191 20020401 20320301 360 3,845.00 20020401 649,337.29 1,050,000 1,050,000 20070301
6288103614 20020501 20320401 360 2,093.44 20020501 340,000.00 450,000 425,000 20070401
6289418326 20020501 20320401 360 3,436.04 20020501 565,500.00 1,145,000 -- 20070401
6289459080 20020501 20320401 360 2,477.71 20020501 392,000.00 494,000 490,000 20070401
6290434189 20020301 20320201 360 2,958.53 20020401 479,585.77 650,000 -- 20070201
6291044227 20020501 20320401 360 2,243.85 20020501 355,000.00 455,000 455,000 20070401
6291630124 20020401 20320301 360 2,470.53 20020401 395,633.22 495,000 495,000 20070301
6291870340 20020501 20320401 360 2,586.02 20020501 420,000.00 875,000 -- 20070401
6292431423 20020501 20320401 360 1,992.97 20020501 328,000.00 410,000 410,000 20070401
6293025810 20020401 20320301 360 2,839.86 20020401 454,778.39 569,000 569,000 20070301
6294101214 20020401 20320301 360 1,982.30 20020401 339,327.34 450,000 -- 20070301
6296264093 20020501 20320401 360 2,458.54 20020501 383,960.00 479,950 479,950 20070401
6301065485 20020401 20320301 360 1,934.21 20020401 335,640.79 485,000 -- 20070301
6301937469 20020501 20320401 360 2,966.58 20020501 494,800.00 800,000 -- 20070401
6302558710 20020501 20320401 360 1,980.92 20020501 330,400.00 421,000 413,000 20070401
6303545070 20020501 20320401 360 2,745.03 20020501 440,000.00 550,000 550,000 20070401
6305785146 20020501 20320401 360 2,638.03 20020501 440,000.00 550,000 550,000 20070401
6306283174 20020501 20320401 360 2,296.63 20020501 373,000.00 605,000 -- 20070401
6311668146 20020401 20320301 360 1,846.92 20020401 311,903.67 430,000 -- 20070301
6311780057 20020501 20320401 360 2,359.43 20020501 383,200.00 540,000 479,000 20070401
6313376482 20020501 20320401 360 3,605.95 20020501 570,500.00 820,000 815,000 20070401
6313524644 20020501 20320401 360 3,897.08 20020501 650,000.00 1,450,000 -- 20070401
6313739838 20020501 20320401 360 2,213.53 20020501 364,300.00 550,000 -- 20070401
6315404951 20020501 20320401 360 2,021.34 20020501 324,000.00 405,000 -- 20070401
0000000000 20020401 20320301 360 2,110.42 20020401 351,649.58 450,000 440,000 20070301
6316106324 20020501 20320401 360 3,573.33 20020501 596,000.00 900,000 -- 20070401
6316688495 20020501 20320401 360 2,216.59 20020501 360,000.00 480,000 -- 20070401
6317736806 20020501 20320401 360 2,400.07 20020501 395,000.00 685,000 -- 20070401
6319008493 20020501 20320401 360 2,106.99 20020501 342,200.00 428,000 428,000 20070401
6321839802 20020501 20320401 360 6,320.68 20020501 1,000,000.00 2,000,000 -- 20070401
6321921303 20020401 20320301 360 2,984.31 20020401 503,985.64 900,000 -- 20070301
6323231149 20020501 20320401 360 4,140.77 20020501 700,000.00 1,100,000 -- 20070401
6323520558 20020401 20320301 360 2,707.60 20020401 433,598.03 543,000 542,500 20070301
6324872073 20020501 20320401 360 2,300.73 20020501 364,000.00 615,000 612,500 20070401
6325069950 20020501 20320401 360 2,318.04 20020501 381,500.00 545,000 -- 20070401
0000000000 20020401 20320301 360 3,073.50 20020401 479,576.50 600,000 -- 20070301
6331301934 20020501 20320401 360 2,126.64 20020501 350,000.00 500,000 -- 20070401
6333660220 20020401 20320301 360 4,568.63 20020401 741,295.95 1,060,000 -- 20070301
6334731913 20020501 20320401 360 2,152.55 20020501 349,600.00 437,000 451,000 20070401
6334914451 20020501 20320401 360 3,233.71 20020501 532,200.00 675,000 -- 20070401
6336713331 20020401 20320301 360 2,339.73 20020401 379,639.44 475,000 475,000 20070301
6338901033 20020501 20320401 360 3,324.88 20020501 540,000.00 675,000 675,000 20070401
6340922829 20020401 20320301 360 2,209.71 20020401 349,283.96 437,000 437,000 20070301
6341015920 20020501 20320401 360 2,149.12 20020501 353,700.00 670,000 -- 20070401
6343940190 20020401 20320301 360 2,093.44 20020401 339,677.39 495,000 -- 20070301
6346214460 20020501 20320401 360 3,849.30 20020501 609,000.00 1,100,000 -- 20070401
6347432855 20020501 20320401 360 2,155.02 20020501 350,000.00 500,000 -- 20070401
0000000000 20020501 20320401 360 6,114.08 20020501 993,000.00 2,850,000 -- 20070401
6348813582 20020401 20320301 360 2,823.68 20020401 458,164.86 880,000 -- 20070301
6352469628 20020501 20320401 360 2,752.26 20020501 447,000.00 690,000 -- 20070401
6354359876 20020401 20320301 360 2,563.57 20020401 451,005.81 645,000 645,000 20070301
6355703809 20020401 20320301 360 4,286.79 20020401 714,288.21 1,050,000 -- 20070301
0000000000 20020501 20320401 360 2,838.95 20020501 500,000.00 659,000 657,000 20070401
6359794275 20020401 20320301 360 2,691.32 20020401 448,441.12 590,000 588,888 20070301
6363517746 20020501 20320401 360 2,620.52 20020501 443,000.00 665,000 -- 20070401
6368426224 20020401 20320301 360 2,308.32 20020401 369,657.31 520,000 465,000 20070301
6368756828 20020501 20320401 360 1,831.63 20020501 305,500.00 715,000 -- 20070401
6369177891 20020501 20320401 360 2,265.84 20020501 368,000.00 460,000 460,000 20070401
6370420389 20020501 20320401 360 2,054.23 20020501 325,000.00 550,000 -- 20070401
6371047512 20020401 20320301 360 1,892.93 20020401 319,673.74 420,000 420,000 20070301
6372053428 20020401 20320301 360 3,407.26 20020401 575,412.74 720,000 755,662 20070301
6373502001 20020501 20320401 360 2,516.43 20020501 393,000.00 550,000 -- 20070401
6374110432 20020401 20320301 360 2,370.71 20020401 379,648.04 505,000 -- 20070301
0000000000 20020501 20320401 360 3,185.63 20020501 504,000.00 630,000 630,000 20070401
6376049349 20020501 20320401 360 5,570.10 20020501 881,250.00 1,180,000 1,175,000 20070401
6376364078 20020401 20320301 360 3,346.80 20020401 572,901.22 1,150,000 -- 20070301
6376795941 20020501 20320401 360 3,322.42 20020501 546,800.00 730,000 -- 20070401
6376988868 20020501 20320401 360 4,386.99 20020501 712,500.00 950,000 -- 20070401
6378100058 20020501 20320401 360 5,688.62 20020501 900,000.00 1,202,000 1,202,000 20070401
6378497645 20020501 20320401 360 2,360.78 20020501 373,500.00 415,000 -- 20070401
6378572645 20020501 20320401 360 4,010.23 20020501 660,000.00 1,050,000 -- 20070401
6378935685 20020501 20320401 360 4,334.65 20020501 704,000.00 925,000 880,000 20070401
6379285239 20020501 20320401 360 3,649.64 20020501 585,000.00 780,000 -- 20070401
6379413583 20020501 20320401 360 4,864.49 20020501 750,000.00 950,000 950,000 20070401
6380364122 20020501 20320401 360 4,404.53 20020501 706,000.00 900,000 -- 20070401
6380892213 20020401 20320301 360 1,971.75 20020401 324,192.59 411,000 -- 20070301
6384275399 20020401 20320301 360 2,422.19 20020401 403,597.81 545,000 -- 20070301
6385014987 20020501 20320401 360 2,732.91 20020501 462,000.00 950,000 -- 20070401
6385686883 20020501 20320401 360 3,038.06 20020501 500,000.00 625,000 625,000 20070401
6386440397 20020501 20320401 360 2,906.19 20020501 472,000.00 590,000 590,000 20070401
6386449232 20020401 20320301 360 4,796.41 20020401 799,203.59 1,100,000 1,100,000 20070301
6386875626 20020501 20320401 360 4,021.54 20020501 636,250.00 1,200,000 -- 20070401
6386938663 20020501 20320401 360 1,970.73 20020501 328,700.00 346,000 346,000 20070401
0000000000 20020501 20320401 360 2,034.90 20020501 344,000.00 430,000 -- 20070401
6387449462 20020501 20320401 360 3,957.04 20020501 660,000.00 1,300,000 -- 20070401
6387689901 20020501 20320401 360 2,919.72 20020501 468,000.00 585,000 585,000 20070401
6388141985 20020401 20320301 360 5,282.57 20020401 824,272.12 1,450,000 1,450,000 20070301
6388833821 20020501 20320401 360 4,006.05 20020501 633,800.00 940,000 -- 20070401
6390210737 20020501 20320401 360 3,477.40 20020501 580,000.00 750,000 725,000 20070401
6391042352 20020501 20320401 360 3,327.30 20020501 578,000.00 723,000 722,500 20070401
6392175961 20020401 20320301 360 2,807.42 20020401 449,583.20 872,000 -- 20070301
6392403025 20020501 20320401 360 2,730.71 20020501 443,500.00 560,000 -- 20070401
6393958266 20020401 20320301 360 1,990.25 20020401 322,933.29 410,000 404,059 20070301
6394308636 20020501 20320401 360 2,005.12 20020501 330,000.00 489,000 -- 20070401
6394634692 20020501 20320401 360 2,315.10 20020501 376,000.00 480,000 470,000 20070401
6395929638 20020401 20320301 360 2,734.25 20020401 449,562.63 1,000,000 -- 20070301
6396442508 20020501 20320401 360 3,160.34 20020501 500,000.00 745,000 -- 20070401
0000000000 20020501 20320401 360 4,038.33 20020501 692,000.00 865,000 865,000 20070401
0000000000 20020401 20320301 360 2,089.97 20020401 334,689.72 635,000 635,000 20070301
0000000000 20020401 20320301 360 2,745.03 20020401 439,592.47 555,000 551,000 20070301
6400505183 20020401 20320301 360 2,235.64 20020401 340,030.09 585,000 -- 20070301
6401118473 20020501 20320401 360 2,767.34 20020501 426,664.00 550,000 533,330 20070401
6401120917 20020401 20320301 360 4,466.91 20020401 715,336.84 895,000 -- 20070301
6401289332 20020501 20320401 360 6,199.71 20020501 993,750.00 1,400,000 1,325,000 20070401
6402721440 20020501 20320401 360 2,831.67 20020501 448,000.00 563,000 -- 20070401
6404273895 20020501 20320401 360 2,462.87 20020501 400,000.00 585,000 -- 20070401
6405621886 20020501 20320401 360 2,763.03 20020501 426,000.00 910,000 -- 20070401
6405645687 20020501 20320401 360 6,157.18 20020501 1,000,000.00 2,100,000 -- 20070401
6406241890 20020501 20320401 360 2,145.62 20020501 343,920.00 430,000 429,900 20070401
6407203824 20020501 20320401 360 2,138.79 20020501 352,000.00 440,000 -- 20070401
6407625059 20020501 20320401 360 4,557.08 20020501 750,000.00 1,500,000 -- 20070401
6409655153 20020501 20320401 360 2,158.39 20020501 360,000.00 720,000 -- 20070401
6410375106 20020501 20320401 360 2,330.74 20020501 364,000.00 460,000 455,000 20070401
6411141309 20020501 20320401 360 3,225.59 20020501 538,000.00 893,000 -- 20070401
6412024694 20020401 20320301 360 2,892.23 20020401 475,537.35 595,000 595,000 20070301
6412804939 20020501 20320401 360 3,070.59 20020501 498,700.00 1,350,000 -- 20070401
6415769451 20020401 20320301 360 3,152.48 20020401 509,929.74 939,000 -- 20070301
6415998126 20020501 20320401 360 2,659.26 20020501 410,000.00 575,000 575,000 20070401
6416540380 20020501 20320401 360 2,265.84 20020501 368,000.00 540,000 -- 20070401
6418625411 20020501 20320401 360 1,997.34 20020501 316,000.00 399,000 -- 20070401
6418983182 20020501 20320401 360 3,075.70 20020501 513,000.00 1,350,000 -- 20070401
6420170174 20020501 20320401 360 2,126.64 20020501 350,000.00 575,000 -- 20070401
6420214790 20020501 20320401 360 3,805.61 20020501 610,000.00 1,200,000 -- 20070401
6421055564 20020401 20320301 360 2,539.70 20020401 423,178.30 530,000 529,500 20070301
0000000000 20020501 20320401 360 2,138.79 20020501 352,000.00 455,000 440,000 20070401
6421688414 20020501 20320401 360 2,315.10 20020501 376,000.00 470,000 470,000 20070401
6422333051 20020501 20320401 360 2,073.19 20020501 328,000.00 410,000 410,000 20070401
6424176847 20020501 20320401 360 2,731.33 20020501 443,600.00 710,000 -- 20070401
6424577093 20020501 20320401 360 1,944.36 20020501 320,000.00 400,000 400,000 20070401
6430824562 20020501 20320401 360 3,842.08 20020501 624,000.00 781,000 781,000 20070401
6432268875 20020401 20320301 360 2,366.16 20020401 399,592.17 925,000 -- 20070301
0000000000 20020501 20170401 180 5,144.54 20020501 600,000.00 750,000 -- 20070401
6439953776 20020401 20320301 360 2,983.37 20020401 471,573.30 590,000 590,000 20070301
6442045263 20020501 20320401 360 5,135.30 20020501 802,000.00 1,875,000 -- 20070401
6443256877 20020401 20320301 360 2,503.36 20020401 411,599.56 515,000 515,000 20070301
6444815580 20020501 20320401 360 2,122.72 20020501 340,250.00 426,000 425,365 20070401
6446435155 20020501 20320401 360 3,497.28 20020501 568,000.00 720,000 -- 20070401
6446800317 20020401 20320301 360 3,069.44 20020401 491,544.31 615,000 615,000 20070301
6447964278 20020501 20320401 360 3,426.93 20020501 564,000.00 815,000 -- 20070401
6451091885 20020501 20320401 360 2,585.40 20020501 419,900.00 525,000 524,900 20070401
6453456391 20020501 20320401 360 2,388.99 20020501 388,000.00 485,000 -- 20070401
6454031573 20020501 20320401 360 4,002.17 20020501 650,000.00 1,600,000 -- 20070401
6455066230 20020501 20320401 360 3,109.38 20020501 505,000.00 780,000 -- 20070401
6455950581 20020501 20320401 360 4,310.03 20020501 700,000.00 929,000 -- 20070401
6456923785 20020501 20320401 360 2,495.48 20020501 400,000.00 690,000 -- 20070401
6457075288 20020501 20320401 360 4,479.77 20020501 800,000.00 1,900,000 1,900,000 20070401
6457391503 20020501 20320401 360 2,869.81 20020501 460,000.00 575,000 575,000 20070401
6458191266 20020501 20320401 360 2,038.48 20020501 340,000.00 1,178,571 -- 20070401
6459017817 20020501 20320401 360 2,432.09 20020501 395,000.00 525,000 -- 20070401
6459182819 20020401 20320301 360 3,297.53 20020401 549,452.47 1,300,000 -- 20070301
6460799486 20020401 20320301 360 4,303.12 20020401 680,184.55 851,000 851,000 20070301
6461152131 20020501 20320401 360 3,743.22 20020501 600,000.00 750,000 750,000 20070401
6462816874 20020401 20320301 360 3,765.03 20020401 587,481.22 735,000 735,000 20070301
6462985141 20020501 20320401 360 3,879.10 20020501 647,000.00 810,000 -- 20070401
6463416682 20020501 20320401 360 2,407.56 20020501 407,000.00 738,000 -- 20070401
0000000000 20020501 20320401 360 2,062.46 20020501 344,000.00 430,000 430,000 20070401
6468081812 20020501 20320401 360 3,717.22 20020501 620,000.00 975,000 -- 20070401
6468217820 20020501 20320401 360 3,675.48 20020501 581,500.00 4,500,000 -- 20070401
6468415010 20020401 20320301 360 2,188.36 20020401 364,636.64 510,000 -- 20070301
6472172144 20020501 20320401 360 1,936.50 20020501 310,400.00 388,000 388,000 20070401
6474358642 20020501 20320401 360 1,932.21 20020501 318,000.00 442,000 -- 20070401
6475167281 20020501 20320401 360 2,638.97 20020501 423,000.00 543,000 -- 20070401
6475302839 20020501 20320401 360 2,271.51 20020501 384,000.00 490,000 480,000 20070401
6478159111 20020501 20320401 360 2,330.74 20020501 364,000.00 575,000 -- 20070401
6478967570 20020501 20320401 360 2,535.64 20020501 396,000.00 495,000 495,000 20070401
6480624037 20020501 20320401 360 3,824.02 20020501 605,000.00 1,025,000 -- 20070401
6481509997 20020401 20320301 360 5,915.38 20020401 998,980.45 1,800,000 1,725,000 20070301
6482506661 20020401 20320301 360 2,278.54 20020401 374,635.52 483,000 -- 20070301
6484178840 20020501 20320401 360 6,238.70 20020501 1,000,000.00 1,380,000 1,380,000 20070401
6484629545 20020501 20320401 360 4,679.03 20020501 750,000.00 1,100,000 -- 20070401
6485203886 20020501 20320401 360 2,681.17 20020501 401,811.08 2,000,000 -- 20070401
6487245646 20020501 20320401 360 1,971.43 20020501 316,000.00 550,000 -- 20070401
6487571744 20020501 20320401 360 2,379.14 20020501 386,400.00 483,000 483,000 20070401
6488995298 20020501 20320401 360 3,253.46 20020501 550,000.00 815,000 815,000 20070401
6489843562 20020501 20320401 360 6,213.75 20020501 996,000.00 1,500,000 -- 20070401
6490860100 20020501 20320401 360 2,715.95 20020501 465,400.00 1,160,000 -- 20070401
6490939490 20020401 20320301 360 4,557.08 20020401 749,271.05 1,015,000 1,012,500 20070301
6491854888 20020501 20320401 360 2,146.12 20020501 344,000.00 430,000 -- 20070401
6493311994 20020501 20320401 360 1,964.14 20020501 319,000.00 410,000 -- 20070401
6496483097 20020501 20320401 360 3,243.00 20020501 500,000.00 715,000 -- 20070401
6497580982 20020501 20320401 360 4,278.80 20020501 704,200.00 970,000 -- 20070401
6499472188 20020501 20320401 360 2,289.26 20020501 387,000.00 724,000 -- 20070401
6503063882 20020401 20320301 360 2,506.40 20020401 412,099.07 550,000 -- 20070301
6504643062 20020401 20320301 360 2,882.28 20020401 461,572.10 825,000 -- 20070301
6505036183 20020501 20320401 360 4,235.05 20020501 697,000.00 1,625,000 -- 20070401
6505445368 20020501 20320401 360 3,694.31 20020501 600,000.00 1,875,000 -- 20070401
6505752300 20020401 20320301 360 2,510.92 20020401 418,383.08 523,500 523,500 20070301
6508466353 20020501 20320401 360 2,686.29 20020501 425,000.00 660,000 -- 20070401
6512996775 20020401 20320301 360 2,801.33 20020401 442,799.34 554,000 554,000 20070301
6513324514 20020501 20320401 360 3,029.33 20020501 492,000.00 615,000 615,000 20070401
6517216567 20020501 20320401 360 3,041.37 20020501 487,500.00 665,000 -- 20070401
6518901555 20020401 20320301 360 3,785.85 20020401 639,347.48 1,300,000 -- 20070301
6524114920 20020501 20320401 360 3,384.73 20020501 580,000.00 725,000 725,000 20070401
6525570575 20020501 20320401 360 2,401.90 20020501 385,000.00 593,000 -- 20070401
6527300310 20020501 20320401 360 2,310.08 20020501 395,850.00 490,000 475,357 20070401
6527869389 20020401 20320301 360 2,111.80 20020401 338,186.48 655,000 -- 20070301
6528800151 20020501 20320401 360 2,881.56 20020501 468,000.00 585,000 585,000 20070401
6528883058 20020501 20320401 360 2,886.15 20020501 475,000.00 625,000 625,000 20070401
6530666814 20020401 20320301 360 2,041.58 20020401 335,673.42 423,000 420,000 20070301
6530966362 20020501 20320401 360 4,156.10 20020501 675,000.00 1,075,000 -- 20070401
6531655212 20020501 20320401 360 2,265.84 20020501 368,000.00 460,000 -- 20070401
6532598072 20020401 20320301 360 2,567.42 20020401 411,148.83 560,000 -- 20070301
6532874853 20020501 20320401 360 2,632.35 20020501 445,000.00 700,000 -- 20070401
6536204917 20020501 20320401 360 3,019.21 20020501 510,400.00 638,000 638,000 20070401
6538136760 20020501 20320401 360 2,114.92 20020501 339,000.00 705,000 -- 20070401
6538872547 20020401 20320301 360 2,512.13 20020401 407,612.87 516,000 510,000 20070301
6539000007 20020501 20320401 360 4,376.80 20020501 750,000.00 1,260,000 -- 20070401
6539275047 20020501 20320401 360 3,686.23 20020501 583,200.00 730,000 729,000 20070401
6539335155 20020501 20320401 360 2,272.47 20020501 374,000.00 610,000 -- 20070401
6539613544 20020501 20320401 360 2,021.34 20020501 324,000.00 405,000 405,000 20070401
6539701828 20020501 20320401 360 2,090.36 20020501 339,500.00 495,000 -- 20070401
6542415606 20020501 20320401 360 2,248.32 20020501 375,000.00 685,000 575,000 20070401
6547147212 20020501 20320401 360 2,817.89 20020501 470,000.00 1,000,000 -- 20070401
6549204854 20020401 20320301 360 2,110.42 20020401 351,649.58 650,000 -- 20070301
6549749643 20020501 20320401 360 4,617.88 20020501 750,000.00 975,000 -- 20070401
6551738914 20020501 20320401 360 3,712.78 20020501 603,000.00 1,290,000 -- 20070401
6553189405 20020501 20320401 360 1,966.53 20020501 328,000.00 590,000 570,360 20070401
6553983641 20020501 20320401 360 2,062.46 20020501 344,000.00 430,000 430,000 20070401
6554764750 20020501 20320401 360 2,368.23 20020501 395,000.00 575,000 -- 20070401
6554840147 20020501 20320401 360 4,818.08 20020501 814,500.00 1,200,000 -- 20070401
6555912853 20020501 20320401 360 2,626.43 20020501 444,000.00 635,000 635,000 20070401
6557323158 20020401 20320301 360 3,488.69 20020401 558,682.06 700,000 699,000 20070301
6558147184 20020501 20320401 360 3,726.69 20020501 630,000.00 1,250,000 -- 20070401
0000000000 20020501 20320401 360 4,557.37 20020501 730,500.00 1,400,000 -- 20070401
6558980865 20020501 20320401 360 6,320.68 20020501 1,000,000.00 1,600,000 1,600,000 20070401
6559188708 20020501 20320401 360 3,201.73 20020501 520,000.00 650,000 650,000 20070401
6559423295 20020501 20320401 360 4,557.08 20020501 750,000.00 1,200,000 -- 20070401
6559487829 20020501 20320401 360 3,567.33 20020501 595,000.00 850,000 -- 20070401
6560068824 20020501 20320401 360 2,460.83 20020501 405,000.00 950,000 900,000 20070401
6561648186 20020501 20320401 360 2,623.04 20020501 437,500.00 1,275,000 -- 20070401
6561781367 20020501 20320401 360 6,076.11 20020501 1,000,000.00 2,200,000 -- 20070401
6561994929 20020501 20320401 360 2,124.23 20020501 345,000.00 615,000 -- 20070401
6567164774 20020501 20320401 360 4,436.68 20020501 740,000.00 1,750,000 -- 20070401
6567765257 20020401 20320301 360 2,965.98 20020401 494,207.52 850,000 -- 20070301
6568534710 20020501 20320401 360 2,807.42 20020501 450,000.00 575,000 -- 20070401
6569641605 20020501 20320401 360 2,791.51 20020501 465,600.00 586,000 582,000 20070401
6569843615 20020401 20320301 360 2,158.39 20020401 359,641.61 520,000 450,000 20070301
6573007009 20020501 20320401 360 2,528.28 20020501 400,000.00 520,000 512,500 20070401
6577466821 20020501 20320401 360 2,398.21 20020501 400,000.00 950,000 -- 20070401
6577685578 20020401 20320301 360 2,310.18 20020401 374,843.99 469,000 469,000 20070301
0000000000 20020501 20320401 360 3,675.84 20020501 597,000.00 973,000 -- 20070401
6579169795 20020401 20320301 360 6,320.68 20020401 999,095.99 1,450,000 1,450,000 20070301
6581765093 20020401 20320301 360 3,050.73 20020401 488,547.08 1,000,000 -- 20070301
6586387828 20020501 20320401 360 3,716.78 20020501 636,900.00 1,400,000 -- 20070401
6587330140 20020501 20320401 360 2,450.56 20020501 398,000.00 1,125,000 -- 20070401
6587658045 20020501 20320401 360 4,772.79 20020501 785,500.00 1,275,000 -- 20070401
6587738490 20020501 20320401 360 2,372.36 20020501 370,500.00 391,000 390,000 20070401
6587930790 20020501 20320401 360 4,247.50 20020501 672,000.00 1,219,000 -- 20070401
6589178596 20020501 20320401 360 2,444.24 20020501 391,786.00 500,000 489,733 20070401
6589480000 20020401 20320301 360 1,920.94 20020401 299,735.31 530,000 -- 20070301
6591457913 20020501 20320401 360 2,312.39 20020501 352,000.00 440,000 440,000 20070401
6591691099 20020501 20320401 360 2,795.36 20020501 454,000.00 800,000 -- 20070401
0000000000 20020501 20320401 360 2,332.34 20020501 369,000.00 410,000 410,000 20070401
6595281343 20020501 20320401 360 2,627.89 20020501 426,800.00 553,000 -- 20070401
0000000000 20020401 20320301 360 3,167.87 20020401 514,011.82 712,000 -- 20070301
6597037818 20020501 20320401 360 2,014.84 20020501 331,600.00 415,000 414,500 20070401
6598099957 20020501 20320401 360 2,781.10 20020501 440,000.00 565,000 580,000 20070401
6599123277 20020501 20320401 360 5,650.78 20020501 930,000.00 1,850,000 -- 20070401
6599820583 20020501 20320401 360 2,521.75 20020501 388,800.00 486,000 486,000 20070401
6601920397 20020401 20320301 360 2,077.52 20020401 355,628.31 738,250 -- 20070301
6602092287 20020501 20320401 360 1,987.27 20020501 350,000.00 735,000 -- 20070401
6603070209 20020501 20320401 360 2,156.10 20020501 345,600.00 432,000 432,000 20070401
0000000000 20020401 20320301 360 2,320.80 20020401 371,655.45 466,000 466,000 20070301
6606448386 20020501 20320401 360 2,590.06 20020501 432,000.00 540,000 540,000 20070401
6613561478 20020501 20320401 360 2,359.43 20020501 383,200.00 479,000 479,000 20070401
6615508238 20020501 20320401 360 3,355.66 20020501 545,000.00 750,000 -- 20070401
6615691091 20020501 20320401 360 4,955.42 20020501 784,000.00 980,000 980,000 20070401
6617136921 20020501 20320401 360 2,151.45 20020501 336,000.00 420,000 420,000 20070401
6617461410 20020501 20320401 360 3,306.52 20020501 530,000.00 760,000 -- 20070401
6618503897 20020501 20320401 360 4,617.88 20020501 750,000.00 1,000,000 1,000,000 20070401
6620833100 20020401 20320301 360 2,095.39 20020401 363,084.53 455,000 455,000 20070301
6621194189 20020501 20320401 360 2,386.22 20020501 398,000.00 525,000 -- 20070401
6621439246 20020501 20320401 360 2,109.82 20020501 351,900.00 441,000 439,900 20070401
6621676292 20020501 20320401 360 6,156.56 20020501 999,900.00 1,750,000 -- 20070401
6622754908 20020501 20320401 360 3,217.91 20020501 529,600.00 662,000 662,000 20070401
0000000000 20020501 20320401 360 5,917.05 20020501 961,000.00 2,050,000 -- 20070401
6623556757 20020501 20320401 360 3,921.61 20020501 672,000.00 1,300,000 -- 20070401
6626659822 20020501 20320401 360 2,844.85 20020501 456,000.00 570,000 611,400 20070401
6627421875 20020501 20320401 360 4,436.54 20020501 750,000.00 1,450,000 -- 20070401
6630054051 20020501 20320401 360 3,942.86 20020501 632,000.00 850,000 790,000 20070401
6631669048 20020501 20320401 360 2,689.31 20020501 420,000.00 525,000 -- 20070401
6631983233 20020501 20320401 360 4,406.70 20020501 735,000.00 1,200,000 -- 20070401
6634062738 20020501 20320401 360 2,062.66 20020501 335,000.00 1,350,000 -- 20070401
6634490806 20020501 20320401 360 2,965.30 20020501 481,600.00 602,000 602,000 20070401
6637303485 20020401 20320301 360 2,721.08 20020401 459,531.00 575,000 -- 20070301
6639281176 20020501 20320401 360 2,912.57 20020501 460,800.00 580,000 576,000 20070401
6640618887 20020501 20320401 360 1,821.94 20020501 308,000.00 700,000 -- 20070401
6640934458 20020401 20320301 360 3,368.90 20020401 538,653.14 675,000 -- 20070301
6641797235 20020501 20320401 360 4,864.49 20020501 750,000.00 970,000 970,000 20070401
6642507203 20020501 20320401 360 2,957.69 20020501 500,000.00 645,000 -- 20070401
6645865483 20020501 20320401 360 2,506.65 20020501 423,750.00 565,000 -- 20070401
6647237525 20020401 20320301 360 1,733.86 20020401 281,332.81 352,000 352,000 20070301
6648317854 20020501 20320401 360 2,545.39 20020501 408,000.00 510,000 510,000 20070401
6648979059 20020501 20320401 360 1,908.73 20020501 310,000.00 475,000 -- 20070401
6649244875 20020501 20320401 360 3,117.67 20020501 520,000.00 650,000 650,000 20070401
6650586354 20020501 20320401 360 2,528.28 20020501 400,000.00 540,000 -- 20070401
6652312528 20020501 20320401 360 2,091.22 20020501 335,200.00 419,000 -- 20070401
6652962074 20020401 20320301 360 2,302.53 20020401 354,694.35 520,000 518,110 20070301
6655008941 20020401 20320301 360 2,278.30 20020401 379,621.70 400,000 400,000 20070301
6655214036 20020501 20320401 360 2,175.25 20020501 358,000.00 540,000 -- 20070401
6655429386 20020401 20320301 360 2,336.58 20020401 394,597.27 850,000 -- 20070301
6657989544 20020501 20320401 360 1,956.51 20020501 322,000.00 405,000 -- 20070401
6659017849 20020401 20320301 360 2,844.31 20020401 449,593.19 690,000 -- 20070301
6659414772 20020501 20320401 360 3,152.48 20020501 512,000.00 640,000 640,000 20070401
6660174365 20020501 20320401 360 3,495.38 20020501 583,000.00 1,385,000 -- 20070401
6662162228 20020501 20320401 360 2,571.41 20020501 423,200.00 529,000 -- 20070401
6663763222 20020401 20320301 360 2,245.31 20020401 359,566.66 400,000 400,000 20070301
6665466220 20020501 20320401 360 2,246.76 20020501 385,000.00 890,000 -- 20070401
6665810617 20020401 20320301 360 3,571.16 20020401 579,449.67 1,100,000 -- 20070301
6665877327 20020501 20170401 180 6,278.39 20020501 750,000.00 950,000 950,000 20070401
6666802852 20020501 20320401 360 2,344.25 20020501 391,000.00 900,000 -- 20070401
6667927393 20020501 20320401 360 1,826.59 20020501 313,000.00 500,000 -- 20070401
6669275379 20020501 20320401 360 2,310.95 20020501 396,000.00 504,000 495,000 20070401
6670486379 20020501 20320401 360 4,396.23 20020501 714,000.00 1,300,000 -- 20070401
6674101099 20020501 20320401 360 2,548.09 20020501 425,000.00 1,685,000 -- 20070401
0000000000 20020501 20320401 360 3,063.71 20020501 511,000.00 720,000 -- 20070401
6676709956 20020401 20320301 360 4,215.82 20020401 684,050.33 856,000 855,900 20070301
6676751032 20020501 20320401 360 2,366.16 20020501 400,000.00 799,500 -- 20070401
6679670700 20020501 20320401 360 3,341.86 20020501 550,000.00 860,000 860,000 20070401
6679937083 20020501 20320401 360 2,444.95 20020501 391,900.00 489,950 489,950 20070401
6680692933 20020501 20320401 360 4,310.03 20020501 700,000.00 1,385,000 1,383,000 20070401
6682079550 20020501 20320401 360 2,851.22 20020501 482,000.00 620,000 -- 20070401
6682460164 20020501 20320401 360 2,364.83 20020501 389,200.00 490,000 486,500 20070401
6682899486 20020401 20320301 360 2,678.37 20020401 434,587.26 780,000 -- 20070301
6683001108 20020501 20320401 360 1,786.45 20020501 302,000.00 650,000 -- 20070401
0000000000 20020401 20320301 360 4,334.03 20020401 694,056.56 2,000,000 -- 20070301
6684789651 20020501 20320401 360 2,709.16 20020501 440,000.00 645,000 -- 20070401
6687553914 20020401 20320301 360 2,957.69 20020401 499,490.23 695,000 -- 20070301
6689357868 20020501 20320401 360 2,169.17 20020501 357,000.00 510,000 -- 20070401
6689825070 20020401 20320301 360 3,324.88 20020401 539,487.62 675,000 -- 20070301
6690130726 20020501 20320401 360 2,300.73 20020501 364,000.00 455,000 455,000 20070401
6691729690 20020501 20320401 360 2,528.28 20020501 400,000.00 600,000 500,000 20070401
6695129863 20020501 20320401 360 2,770.71 20020501 456,000.00 900,000 -- 20070401
6695489267 20020401 20320301 360 1,985.08 20020401 322,094.09 403,000 403,000 20070301
0000000000 20020501 20320401 360 3,777.17 20020501 630,000.00 790,000 -- 20070401
6697863436 20020401 20320301 360 3,497.18 20020401 590,597.24 750,000 739,000 20070301
6699262728 20020501 20320401 360 2,424.37 20020501 399,000.00 570,000 -- 20070401
6699339997 20020501 20320401 360 3,099.94 20020501 531,200.00 810,000 -- 20070401
6701123322 20020501 20320401 360 3,597.06 20020501 592,000.00 740,000 -- 20070401
6701145622 20020501 20320401 360 3,767.13 20020501 596,000.00 763,000 -- 20070401
6701632447 20020501 20320401 360 3,571.19 20020501 565,000.00 863,000 863,000 20070401
6703193521 20020401 20320301 360 4,617.88 20020401 749,288.37 1,400,000 -- 20070301
6704473583 20020501 20320401 360 6,157.18 20020501 1,000,000.00 1,600,000 -- 20070401
6705234232 20020501 20170401 180 3,521.59 20020501 414,000.00 1,700,000 -- 20070401
0000000000 20020501 20320401 360 3,286.76 20020501 520,000.00 650,000 650,000 20070401
6706329072 20020401 20320301 360 4,916.32 20020401 819,183.68 1,100,000 -- 20070301
6707278344 20020501 20320401 360 2,708.54 20020501 439,900.00 645,000 -- 20070401
6711313665 20020501 20320401 360 5,925.64 20020501 937,500.00 1,275,000 -- 20070401
6712983839 20020401 20320301 360 2,191.96 20020401 355,662.21 445,000 445,000 20070301
6713505425 20020501 20320401 360 2,951.38 20020501 466,940.00 650,000 -- 20070401
6713693858 20020501 20320401 360 4,002.17 20020501 650,000.00 1,800,000 -- 20070401
6714052377 20020501 20320401 360 3,472.65 20020501 564,000.00 705,000 705,000 20070401
6716259756 20020501 20320401 360 2,068.81 20020501 336,000.00 525,000 -- 20070401
0000000000 20020401 20320301 360 2,564.73 20020401 421,689.74 571,750 -- 20070301
6717680810 20020501 20320401 360 3,105.68 20020501 518,000.00 740,000 -- 20070401
6719758226 20020501 20320401 360 2,111.11 20020501 334,000.00 471,000 -- 20070401
6720806287 20020501 20320401 360 3,055.31 20020501 509,600.00 750,000 637,000 20070401
6721461512 20020501 20320401 360 2,015.10 20020501 323,000.00 347,000 340,000 20070401
6721724471 20020501 20320401 360 2,316.53 20020501 366,500.00 580,000 -- 20070401
6722533533 20020501 20320401 360 2,333.62 20020501 364,450.00 405,000 405,000 20070401
6722604961 20020401 20320301 360 2,121.16 20020401 339,685.09 431,000 425,000 20070301
6723264054 20020401 20320301 360 2,509.44 20020401 412,598.58 590,000 -- 20070301
6725739020 20020501 20320401 360 2,495.48 20020501 400,000.00 2,252,000 -- 20070401
6727033646 20020501 20320401 360 2,462.87 20020501 400,000.00 580,000 -- 20070401
6727497429 20020501 20320401 360 2,545.39 20020501 408,000.00 510,000 510,000 20070401
6727715317 20020501 20320401 360 2,176.86 20020501 368,000.00 460,000 460,000 20070401
6729029568 20020401 20320301 360 2,248.16 20020401 369,640.38 600,000 -- 20070301
6732187288 20020501 20320401 360 2,078.03 20020501 342,000.00 454,000 -- 20070401
6734915736 20020501 20320401 360 6,157.18 20020501 1,000,000.00 1,975,000 -- 20070401
6735441682 20020501 20320401 360 6,238.70 20020501 1,000,000.00 1,420,000 -- 20070401
6735970961 20020501 20320401 360 2,622.96 20020501 426,000.00 750,000 -- 20070401
6736581254 20020501 20320401 360 3,447.42 20020501 575,000.00 852,000 -- 20070401
6736605483 20020501 20320401 360 2,907.52 20020501 460,000.00 575,000 575,000 20070401
6737772779 20020501 20320401 360 3,062.36 20020501 504,000.00 630,000 630,000 20070401
6738622551 20020401 20320301 360 2,479.89 20020401 397,131.83 660,000 -- 20070301
6738690467 20020501 20320401 360 4,706.48 20020501 785,000.00 2,100,000 -- 20070401
6739849138 20020501 20320401 360 2,342.49 20020501 396,000.00 495,000 495,000 20070401
6741296740 20020501 20320401 360 3,244.13 20020501 520,000.00 730,000 723,000 20070401
6741533712 20020501 20320401 360 2,624.88 20020501 432,000.00 540,000 540,000 20070401
0000000000 20020401 20320301 360 4,085.02 20020401 699,269.15 1,150,000 -- 20070301
6744954519 20020501 20320401 360 3,615.29 20020501 595,000.00 1,050,000 -- 20070401
0000000000 20020401 20320301 360 2,601.54 20020401 416,613.77 700,000 -- 20070301
6748611966 20020501 20320401 360 4,494.74 20020501 730,000.00 1,176,000 -- 20070401
6748992887 20020501 20320401 360 2,508.13 20020501 424,000.00 550,000 550,000 20070401
6750457241 20020501 20320401 360 2,356.35 20020501 368,000.00 460,000 460,000 20070401
0000000000 20020401 20320301 360 2,647.59 20020401 429,591.99 625,000 -- 20070301
6752759107 20020501 20320401 360 2,968.98 20020501 495,200.00 660,000 -- 20070401
0000000000 20020501 20320401 360 4,268.80 20020501 712,000.00 950,000 -- 20070401
6753106522 20020501 20320401 360 2,533.21 20020501 380,760.00 476,000 475,950 20070401
6756292808 20020501 20320401 360 5,541.46 20020501 900,000.00 3,200,000 -- 20070401
6757592586 20020501 20320401 360 3,152.48 20020501 512,000.00 640,000 640,000 20070401
0000000000 20020401 20320301 360 2,077.49 20020401 332,691.57 500,000 -- 20070301
6759888974 20020401 20320301 360 3,103.22 20020401 503,521.78 630,000 630,000 20070301
6761491841 20020501 20320401 360 2,156.62 20020501 341,200.00 430,000 426,500 20070401
6761590741 20020501 20320401 360 3,127.96 20020501 536,000.00 670,000 -- 20070401
6762191176 20020501 20320401 360 3,002.33 20020501 475,000.00 640,000 628,500 20070401
6762395918 20020401 20320301 360 3,137.33 20020401 544,417.36 1,450,000 -- 20070301
6762460365 20020501 20320401 360 2,462.87 20020501 400,000.00 660,000 -- 20070401
6763379077 20020501 20320401 360 2,245.94 20020501 360,000.00 650,000 -- 20070401
6768901198 20020501 20320401 360 4,668.59 20020501 800,000.00 1,225,000 1,210,000 20070401
6769208122 20020501 20320401 360 4,494.74 20020501 730,000.00 1,200,000 -- 20070401
6769846459 20020401 20320301 360 4,496.63 20020401 749,253.37 1,270,000 -- 20070301
6771069280 20020501 20320401 360 2,876.05 20020501 461,000.00 645,000 -- 20070401
6771935613 20020501 20320401 360 2,520.44 20020501 404,000.00 505,000 563,000 20070401
6774413055 20020501 20320401 360 2,570.35 20020501 412,000.00 515,000 515,000 20070401
6776847383 20020401 20320301 360 4,498.11 20020401 720,332.20 1,030,000 1,030,000 20070301
6777887347 20020501 20320401 360 2,068.45 20020501 345,000.00 440,000 -- 20070401
6779131645 20020501 20320401 360 2,199.56 20020501 362,000.00 800,000 -- 20070401
6780733918 20020501 20320401 360 3,637.96 20020501 615,000.00 890,000 -- 20070401
6782132366 20020501 20320401 360 4,040.98 20020501 674,000.00 974,000 974,000 20070401
6782308404 20020501 20320401 360 3,848.24 20020501 625,000.00 1,000,000 -- 20070401
6782725698 20020501 20320401 360 2,027.58 20020501 325,000.00 440,000 425,000 20070401
6783461590 20020501 20320401 360 2,898.31 20020501 477,000.00 700,000 -- 20070401
6783785543 20020501 20320401 360 5,346.98 20020501 880,000.00 3,700,000 -- 20070401
6784907823 20020501 20320401 360 4,253.28 20020501 700,000.00 1,400,000 -- 20070401
0000000000 20020501 20320401 360 2,126.64 20020501 350,000.00 487,000 -- 20070401
6788380621 20020501 20320401 360 2,609.11 20020501 423,750.00 565,000 565,000 20070401
6788429352 20020501 20320401 360 5,145.35 20020501 858,200.00 1,230,000 1,226,000 20070401
6789594881 20020501 20320401 360 4,211.13 20020501 675,000.00 1,100,000 -- 20070401
6789640528 20020401 20320301 360 2,265.18 20020401 372,437.65 466,000 -- 20070301
6789743785 20020501 20320401 360 2,194.61 20020501 371,000.00 530,000 -- 20070401
6791236505 20020501 20320401 360 3,189.96 20020501 525,000.00 1,100,000 -- 20070401
6791726125 20020401 20320301 360 2,046.30 20020401 327,696.20 420,000 410,000 20070301
6792395284 20020501 20320401 360 2,719.79 20020501 424,760.00 530,950 530,950 20070401
6792446210 20020401 20320301 360 2,893.88 20020401 469,554.04 610,000 -- 20070301
6792806157 20020501 20320401 360 2,602.77 20020501 440,000.00 555,000 550,000 20070401
6796832423 20020501 20320401 360 2,807.42 20020501 450,000.00 1,000,000 -- 20070401
6797039713 20020501 20320401 360 2,423.74 20020501 388,500.00 600,000 -- 20070401
6797788350 20020501 20320401 360 2,014.72 20020501 318,750.00 425,000 -- 20070401
6798258973 20020501 20320401 360 4,617.88 20020501 750,000.00 945,000 945,000 20070401
6799123036 20020501 20320401 360 4,738.31 20020501 740,000.00 2,000,000 -- 20070401
6799372765 20020501 20170401 180 3,291.05 20020501 390,000.00 975,000 -- 20070401
0000000000 20020501 20320401 360 5,912.06 20020501 973,000.00 1,451,000 -- 20070401
6803693552 20020501 20320401 360 3,845.00 20020501 650,000.00 880,000 830,000 20070401
6805638191 20020501 20320401 360 1,957.54 20020501 326,500.00 520,000 -- 20070401
6807808784 20020401 20320301 360 2,590.86 20020401 425,985.56 533,000 533,000 20070301
6808440520 20020401 20320301 360 1,917.10 20020401 319,436.68 504,000 502,750 20070301
6809610311 20020501 20320401 360 2,105.67 20020501 337,516.00 460,000 -- 20070401
6809727107 20020401 20320301 360 3,170.65 20020401 535,453.52 670,000 671,000 20070301
6814328644 20020501 20320401 360 5,233.60 20020501 850,000.00 1,215,000 1,209,659 20070401
6815005480 20020401 20320301 360 2,626.08 20020401 449,530.17 1,000,000 -- 20070301
0000000000 20020501 20320401 360 2,650.09 20020501 448,000.00 560,000 560,000 20070401
6821304638 20020401 20320301 360 3,618.45 20020401 579,462.80 890,000 -- 20070301
6823269581 20020501 20320401 360 2,401.30 20020501 390,000.00 625,000 -- 20070401
6823694275 20020501 20320401 360 3,341.45 20020501 535,600.00 669,500 -- 20070401
6827685493 20020501 20320401 360 3,383.88 20020501 542,400.00 678,000 678,000 20070401
6830305386 20020501 20320401 360 2,284.32 20020501 371,000.00 570,000 -- 20070401
6830835457 20020401 20320301 360 2,654.98 20020401 430,790.85 539,000 539,000 20070301
6833277053 20020501 20320401 360 5,444.87 20020501 1,000,000.00 1,410,000 1,410,000 20070401
6833846352 20020401 20320301 360 3,743.22 20020501 589,444.28 965,000 -- 20070301
0000000000 20020401 20320301 360 1,765.31 20020401 302,184.17 453,000 -- 20070301
6835822625 20020501 20320401 360 2,528.28 20020501 400,000.00 950,000 -- 20070401
6837897245 20020501 20320401 360 1,937.47 20020501 332,000.00 415,000 415,000 20070401
0000000000 20020501 20320401 360 5,572.25 20020501 905,000.00 2,800,000 -- 20070401
6840948258 20020501 20320401 360 2,200.36 20020501 367,000.00 2,275,000 -- 20070401
6845423216 20020501 20320401 360 2,333.28 20020501 374,000.00 650,000 -- 20070401
6845481891 20020401 20320301 360 2,502.99 20020401 395,642.01 495,000 495,000 20070301
6846353099 20020501 20320401 360 2,271.16 20020501 400,000.00 575,000 572,000 20070401
6846718259 20020501 20320401 360 2,849.39 20020501 445,000.00 650,000 -- 20070401
6846968086 20020501 20320401 360 2,333.57 20020501 379,000.00 625,000 -- 20070401
6847009237 20020501 20320401 360 2,226.44 20020501 361,600.00 452,000 452,000 20070401
6847325732 20020501 20320401 360 6,126.39 20020501 995,000.00 4,500,000 -- 20070401
6847667356 20020501 20320401 360 4,217.67 20020501 685,000.00 875,000 -- 20070401
6848960396 20020501 20320401 360 3,047.81 20020501 495,000.00 864,000 864,000 20070401
6850585248 20020501 20320401 360 2,032.27 20020501 325,752.00 540,000 -- 20070401
6851526225 20020401 20320301 360 2,503.36 20020401 411,599.56 1,230,000 -- 20070301
6851604428 20020501 20170401 180 6,278.39 20020501 750,000.00 4,000,000 -- 20070401
6853730114 20020401 20320301 360 2,561.25 20020401 399,647.08 900,000 -- 20070301
6854515670 20020501 20320401 360 5,804.77 20020501 981,300.00 4,600,000 -- 20070401
6854701510 20020501 20320401 360 2,241.09 20020501 350,000.00 470,000 -- 20070401
6854751655 20020501 20320401 360 3,514.30 20020501 556,000.00 695,000 695,000 20070401
6855736937 20020401 20320301 360 2,516.43 20020401 392,653.26 524,000 524,000 20070301
6858943340 20020501 20320401 360 5,522.04 20020501 1,000,000.00 1,600,000 -- 20070401
0000000000 20020401 20320301 360 2,170.38 20020401 361,639.62 640,000 -- 20070301
6861214424 20020501 20320401 360 1,967.84 20020501 319,600.00 399,500 399,500 20070401
6861981576 20020501 20320401 360 2,351.30 20020501 372,000.00 465,000 465,000 20070401
6862022909 20020501 20320401 360 2,614.41 20020501 448,000.00 560,000 560,000 20070401
6864940660 20020501 20320401 360 2,098.43 20020501 350,000.00 620,000 -- 20070401
6867026442 20020501 20320401 360 2,775.60 20020501 444,900.00 561,000 561,000 20070401
6867491570 20020501 20320401 360 2,607.78 20020501 418,000.00 540,000 -- 20070401
6867814854 20020501 20320401 360 3,413.17 20020501 540,000.00 785,000 -- 20070401
6868828846 20020501 20320401 360 2,290.86 20020501 367,200.00 459,000 459,000 20070401
6870204085 20020501 20320401 360 2,245.94 20020501 360,000.00 450,000 -- 20070401
6870688758 20020501 20320401 360 2,042.51 20020501 350,000.00 480,000 480,000 20070401
0000000000 20020501 20320401 360 1,984.70 20020501 314,000.00 392,500 392,500 20070401
6873765967 20020401 20320301 360 2,781.10 20020401 439,602.23 550,000 550,000 20070301
6874667121 20020401 20320301 360 2,241.22 20020401 363,654.61 455,000 455,000 20070301
6876091866 20020501 20320401 360 4,162.14 20020501 685,000.00 3,300,000 -- 20070401
6878350161 20020401 20320301 360 2,807.42 20020401 449,583.20 860,000 -- 20070301
6879370259 20020501 20320401 360 2,245.94 20020501 360,000.00 695,000 -- 20070401
6880979023 20020401 20320301 360 3,897.08 20020401 649,352.92 3,350,000 -- 20070301
0000000000 20020401 20320301 360 2,327.04 20020401 372,654.52 475,000 470,000 20070301
6881418492 20020501 20320401 360 2,495.48 20020501 400,000.00 1,350,000 -- 20070401
0000000000 20020501 20320401 360 2,808.90 20020501 468,500.00 630,000 -- 20070401
6885913795 20020401 20320301 360 4,256.79 20020401 664,213.46 835,000 831,000 20070301
6887540471 20020401 20320301 360 2,458.80 20020401 383,661.20 480,000 -- 20070301
6888506463 20020501 20320401 360 1,913.98 20020501 315,000.00 650,000 -- 20070401
6889072929 20020501 20320401 360 2,493.66 20020501 405,000.00 1,250,000 -- 20070401
0000000000 20020501 20320401 360 3,159.91 20020501 506,500.00 1,025,000 -- 20070401
6893852910 20020501 20320401 360 1,996.12 20020501 366,605.00 385,900 385,900 20070401
0000000000 20020501 20320401 360 4,732.31 20020501 800,000.00 1,550,000 1,550,000 20070401
6897982473 20020501 20320401 360 2,462.87 20020501 400,000.00 500,000 500,000 20070401
6898421893 20020501 20320401 360 2,937.80 20020501 490,000.00 1,225,000 -- 20070401
6898588709 20020501 20320401 360 3,244.13 20020501 520,000.00 650,000 650,000 20070401
6898676124 20020401 20320301 360 4,525.27 20020401 764,220.04 1,100,000 -- 20070301
6898737124 20020501 20320401 360 2,185.80 20020501 355,000.00 530,000 -- 20070401
6898995292 20020501 20320401 360 2,997.76 20020501 500,000.00 1,100,000 -- 20070401
6900205342 20020501 20320401 360 2,093.44 20020501 340,000.00 600,000 600,000 20070401
6900522985 20020501 20320401 360 4,310.03 20020501 700,000.00 1,000,000 -- 20070401
6902394425 20020401 20320301 360 5,960.66 20020401 980,046.53 1,325,000 -- 20070301
6902409306 20020501 20320401 360 3,963.07 20020501 627,000.00 840,000 -- 20070401
6902555736 20020501 20320401 360 2,062.66 20020501 335,000.00 425,000 -- 20070401
6905369689 20020501 20320401 360 1,912.73 20020501 310,650.00 327,000 327,000 20070401
6909652858 20020401 20320301 360 2,745.03 20020401 439,592.47 735,000 -- 20070301
6911103478 20020501 20320401 360 3,160.34 20020501 500,000.00 750,000 750,000 20070401
6911443825 20020501 20320401 360 2,023.35 20020501 333,000.00 450,000 -- 20070401
6912474035 20020501 20320401 360 4,229.98 20020501 687,000.00 2,500,000 -- 20070401
6915888827 20020501 20320401 360 2,903.47 20020501 477,850.00 1,135,000 -- 20070401
6916737627 20020401 20320301 360 6,238.70 20020401 999,073.80 3,000,000 -- 20070301
6917096239 20020501 20320401 360 2,508.13 20020501 424,000.00 530,000 530,000 20070401
6917777507 20020501 20320401 360 6,157.18 20020501 1,000,000.00 2,100,000 -- 20070401
0000000000 20020501 20320401 360 2,260.28 20020501 357,600.00 447,000 447,000 20070401
6919752094 20020501 20320401 360 2,491.21 20020501 410,000.00 535,000 -- 20070401
6919943834 20020501 20320401 360 3,915.97 20020501 636,000.00 795,000 795,000 20070401
0000000000 20020501 20320401 360 3,743.22 20020501 600,000.00 750,000 750,000 20070401
6920991095 20020501 20320401 360 2,697.80 20020501 444,000.00 555,000 555,000 20070401
6923516527 20011201 20311101 360 2,238.73 20020401 366,638.06 460,000 460,559 20061101
6925538743 20020401 20320301 360 2,110.42 20020401 351,649.58 615,000 -- 20070301
6926187748 20020501 20320401 360 2,216.59 20020501 360,000.00 610,000 610,000 20070401
6926539070 20020501 20320401 360 3,117.05 20020501 513,000.00 900,000 -- 20070401
6927141751 20020501 20270401 300 4,400.76 20020501 675,000.00 940,000 -- 20070401
6929457668 20020401 20320301 360 1,945.67 20020401 315,700.16 395,000 395,000 20070301
6929543582 20020501 20320401 360 2,404.33 20020501 412,000.00 515,000 515,000 20070401
6930348286 20020501 20320401 360 3,341.86 20020501 550,000.00 690,000 -- 20070401
6931648015 20020501 20320401 360 3,887.22 20020501 149,850.00 870,000 769,000 20070401
6932337642 20020501 20320401 360 2,757.94 20020501 460,000.00 575,000 -- 20070401
6932878330 20020501 20320401 360 2,697.98 20020501 450,000.00 735,000 730,000 20070401
6933800929 20020401 20320301 360 3,371.77 20020401 569,418.86 930,000 -- 20070301
6935342748 20020501 20320401 360 2,755.96 20020501 447,600.00 560,000 559,500 20070401
6941349067 20020501 20320401 360 3,549.34 20020501 592,000.00 740,000 740,000 20070401
6941885136 20020401 20320301 360 4,340.81 20020401 704,331.06 1,200,000 -- 20070301
6943749983 20020401 20320301 360 4,850.61 20020401 819,163.97 1,335,000 -- 20070301
6944925715 20020501 20320401 360 1,944.36 20020501 320,000.00 615,000 615,000 20070401
6946497242 20020501 20320401 360 5,390.62 20020501 841,875.00 1,125,000 1,122,500 20070401
0000000000 20020501 20320401 360 2,768.40 20020501 468,000.00 585,000 -- 20070401
6950156288 20020401 20320301 360 3,488.69 20020401 558,682.06 700,000 699,000 20070301
6950908266 20020401 20320301 360 3,988.97 20020401 655,861.92 1,490,000 -- 20070301
6952141353 20020501 20320401 360 3,756.27 20020501 635,000.00 1,200,000 -- 20070401
6952299797 20020501 20320401 360 4,232.83 20020501 706,000.00 1,250,000 -- 20070401
6954180748 20020501 20320401 360 3,119.35 20020501 500,000.00 750,000 -- 20070401
6954533219 20020501 20320401 360 2,282.40 20020501 361,100.00 625,000 -- 20070401
6955455099 20020501 20320401 360 4,113.00 20020501 668,000.00 1,300,000 -- 20070401
6955554420 20020501 20320401 360 4,767.20 20020501 735,000.00 1,160,000 -- 20070401
6957470138 20020501 20320401 360 6,157.18 20020501 1,000,000.00 2,250,000 -- 20070401
6957853234 20020501 20320401 360 1,894.48 20020501 315,983.00 495,000 -- 20070401
0000000000 20020401 20320301 360 2,011.23 20020401 339,653.35 425,000 425,000 20070301
0000000000 20020501 20320401 360 3,451.28 20020501 539,000.00 700,000 679,000 20070401
0000000000 20020401 20320301 360 2,930.82 20020401 475,548.35 915,000 -- 20070301
6960552997 20020401 20320301 360 2,204.66 20020401 348,484.67 436,000 -- 20070301
6961289201 20020501 20320401 360 3,177.62 20020501 530,000.00 875,000 -- 20070401
6962928898 20020501 20320401 360 3,429.43 20020501 572,000.00 715,000 -- 20070401
0000000000 20020401 20320301 360 3,147.43 20020401 517,496.53 740,000 -- 20070301
6964081365 20020501 20320401 360 2,096.21 20020501 336,000.00 480,000 480,000 20070401
6964381799 20020501 20320401 360 3,529.40 20020501 551,200.00 690,000 689,000 20070401
6965399196 20020401 20320301 360 3,196.04 20020401 525,488.75 658,000 -- 20070301
6969110979 20020401 20320301 360 2,350.24 20020401 391,609.76 550,000 -- 20070301
6970699580 20020401 20320301 360 2,318.11 20020401 366,418.45 489,000 -- 20070301
0000000000 20020501 20320401 360 3,029.33 20020501 492,000.00 900,000 -- 20070401
6973311548 20020501 20320401 360 2,278.30 20020501 380,000.00 563,000 563,000 20070401
6975415156 20020401 20320301 360 2,551.97 20020401 419,591.78 830,000 -- 20070301
6975976496 20020501 20320401 360 4,406.70 20020501 735,000.00 1,300,000 -- 20070401
6976105004 20020501 20320401 360 3,052.64 20020501 502,400.00 633,000 628,000 20070401
6976943677 20020401 20320301 360 4,144.73 20020401 719,230.27 900,000 -- 20070301
6977562062 20020501 20320401 360 2,746.40 20020501 452,000.00 1,750,000 -- 20070401
6977780367 20020401 20320301 360 2,943.88 20020401 484,029.09 570,000 569,250 20070301
6978613955 20020501 20320401 360 3,023.18 20020501 488,536.74 1,700,000 -- 20070401
6980704016 20020401 20320301 360 2,584.17 20020401 424,886.63 555,000 -- 20070301
6981786228 20020501 20320401 360 2,265.84 20020501 368,000.00 460,000 -- 20070401
6982402619 20020501 20320401 360 2,320.80 20020501 372,000.00 465,000 -- 20070401
6983734010 20020501 20320401 360 3,493.68 20020501 560,000.00 790,000 790,000 20070401
6988069701 20020501 20320401 360 3,209.66 20020501 550,000.00 792,000 790,000 20070401
6988857436 20020501 20320401 360 3,640.72 20020501 576,000.00 768,000 768,000 20070401
6991271815 20020401 20320301 360 2,277.10 20020401 377,420.76 635,000 -- 20070301
6991523157 20020401 20320301 360 4,526.70 20020401 744,275.90 1,150,000 -- 20070301
6991867703 20020501 20320401 360 3,297.83 20020501 557,500.00 757,500 757,500 20070401
6992230539 20020501 20320401 360 2,320.80 20020501 372,000.00 640,000 -- 20070401
6992362167 20020401 20320301 360 3,548.45 20020501 582,555.66 730,000 -- 20070301
6992417359 20020501 20320401 360 2,755.90 20020501 430,400.00 538,000 538,000 20070401
6994551999 20020501 20320401 360 3,070.09 20020501 519,000.00 650,000 -- 20070401
6995362982 20020401 20320301 360 3,109.38 20020401 504,520.83 1,400,000 -- 20070301
6999138800 20020501 20320401 360 2,578.07 20020501 430,000.00 1,000,000 -- 20070401
LOAN ARM CONVERSION 1ST CHANGE LIFE CAP MAXIMUM PERIODIC
NUMBER FLAG CAP ARM LIFE CAP RATE MARGIN CAP
------ -------------- ---------- ------------ ------- ------ --------
6000143708 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6000637147 N 5.00000 5.00 11.000 2.250 2.00
6001343901 N 5.00000 5.00 11.750 2.250 2.00
6003201354 N 5.00000 5.00 11.250 2.250 2.00
6003905319 N 5.00000 5.00 11.250 2.250 2.00
6004508294 N 5.00000 5.00 11.125 2.250 2.00
6006444803 N 5.00000 5.00 11.250 2.250 2.00
6007029421 N 5.00000 5.00 11.500 2.250 2.00
6009434579 N 5.00000 5.00 11.250 2.250 2.00
6009466365 N 5.00000 5.00 11.500 2.250 2.00
6010345566 N 5.00000 5.00 11.250 2.250 2.00
6010368733 N 5.00000 5.00 11.375 2.250 2.00
6011214597 N 5.00000 5.00 11.375 2.250 2.00
6011600332 N 5.00000 5.00 11.250 2.250 2.00
6012007735 N 5.00000 5.00 11.125 2.250 2.00
6012792799 N 5.00000 5.00 10.250 2.250 2.00
6012920457 N 5.00000 5.00 11.375 2.250 2.00
6013411886 N 5.00000 5.00 11.125 2.250 2.00
6014162033 N 5.00000 5.00 11.500 2.250 2.00
6014549007 N 5.00000 5.00 11.750 2.250 2.00
6015589085 N 5.00000 5.00 11.250 2.250 2.00
6018003316 N 5.00000 5.00 11.125 2.250 2.00
6019573317 N 5.00000 5.00 11.250 2.250 2.00
6020389976 N 5.00000 5.00 11.125 2.250 2.00
6021211914 N 5.00000 5.00 10.875 2.250 2.00
6021556979 N 5.00000 5.00 11.500 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6022867987 N 5.00000 5.00 10.875 2.250 2.00
6025914372 N 5.00000 5.00 11.250 2.250 2.00
6028371984 N 5.00000 5.00 11.375 2.250 2.00
6029442446 N 5.00000 5.00 10.875 2.250 2.00
6031741694 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 10.750 2.250 2.00
6033638559 N 5.00000 5.00 11.125 2.250 2.00
6034884905 N 5.00000 5.00 11.375 2.250 2.00
6035884235 N 5.00000 5.00 11.250 2.250 2.00
6036770458 N 5.00000 5.00 11.000 2.250 2.00
6038928005 N 5.00000 5.00 11.250 2.250 2.00
6041819845 N 5.00000 5.00 10.875 2.250 2.00
6046883002 N 5.00000 5.00 11.250 2.250 2.00
6048846296 N 5.00000 5.00 11.375 2.250 2.00
6050691648 N 5.00000 5.00 11.375 2.250 2.00
6051785753 N 5.00000 5.00 11.000 2.250 2.00
6054791600 N 5.00000 5.00 11.000 2.250 2.00
6055386780 N 5.00000 5.00 11.250 2.250 2.00
6057332246 N 5.00000 5.00 10.750 2.250 2.00
6057556323 N 5.00000 5.00 11.375 2.250 2.00
6057797158 N 5.00000 5.00 11.250 2.250 2.00
6057904622 N 5.00000 5.00 10.875 2.250 2.00
6060549760 N 5.00000 5.00 11.000 2.250 2.00
6063897257 N 5.00000 5.00 11.375 2.250 2.00
6065167865 N 5.00000 5.00 11.000 2.250 2.00
6065889419 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6068486940 N 5.00000 5.00 11.125 2.250 2.00
6068499877 N 5.00000 5.00 11.250 2.250 2.00
6070638538 N 5.00000 5.00 11.250 2.250 2.00
6070732935 N 5.00000 5.00 11.625 2.250 2.00
6071513151 N 5.00000 5.00 11.250 2.250 2.00
6071953514 N 5.00000 5.00 11.250 2.250 2.00
6071962903 N 5.00000 5.00 11.250 2.250 2.00
6072509570 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6072863951 N 5.00000 5.00 11.125 2.250 2.00
6074854768 N 5.00000 5.00 11.500 2.250 2.00
6074878197 N 5.00000 5.00 11.250 2.250 2.00
6077989140 N 5.00000 5.00 11.375 2.250 2.00
6079165111 N 5.00000 5.00 11.125 2.250 2.00
6079438625 N 5.00000 5.00 10.000 2.250 2.00
6081378504 N 5.00000 5.00 11.375 2.250 2.00
6083087822 N 5.00000 5.00 11.375 2.250 2.00
6083748910 N 5.00000 5.00 11.250 2.250 2.00
6083826435 N 5.00000 5.00 11.125 2.250 2.00
6084434890 N 5.00000 5.00 11.375 2.250 2.00
6084826624 N 5.00000 5.00 11.250 2.250 2.00
6086819379 N 5.00000 5.00 11.000 2.250 2.00
6089409434 N 5.00000 5.00 11.375 2.250 2.00
6092045225 N 5.00000 5.00 11.125 2.250 2.00
6092166393 N 5.00000 5.00 10.750 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6094199749 N 5.00000 5.00 11.375 2.250 2.00
6094903884 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
6096151763 N 5.00000 5.00 11.125 2.250 2.00
6096234973 N 5.00000 5.00 11.000 2.250 2.00
6096877599 N 5.00000 5.00 11.125 2.250 2.00
6097649807 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6100190633 N 5.00000 5.00 11.250 2.250 2.00
6101170717 N 5.00000 5.00 11.500 2.250 2.00
6101242169 N 5.00000 5.00 11.250 2.250 2.00
6101991757 N 5.00000 5.00 10.500 2.250 2.00
6104893687 N 5.00000 5.00 11.000 2.250 2.00
6105107954 N 5.00000 5.00 11.500 2.250 2.00
6105532805 N 5.00000 5.00 11.125 2.250 2.00
6105539404 N 5.00000 5.00 11.375 2.250 2.00
6105669490 N 5.00000 5.00 11.250 2.250 2.00
6106338384 N 5.00000 5.00 11.375 2.250 2.00
6107100494 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6110420707 N 5.00000 5.00 10.875 2.250 2.00
6113392887 N 5.00000 5.00 11.125 2.250 2.00
6114442145 N 5.00000 5.00 11.125 2.250 2.00
6115759489 N 5.00000 5.00 11.250 2.250 2.00
6116113728 N 5.00000 5.00 11.375 2.250 2.00
6116633790 N 5.00000 5.00 11.250 2.250 2.00
6118408506 N 5.00000 5.00 11.625 2.250 2.00
6118622080 N 5.00000 5.00 11.375 2.250 2.00
6118870952 N 5.00000 5.00 11.500 2.250 2.00
6119723416 N 5.00000 5.00 11.250 2.250 2.00
6121825092 N 5.00000 5.00 11.375 2.250 2.00
6122015743 N 5.00000 5.00 10.875 2.250 2.00
6122330142 N 5.00000 5.00 10.750 2.250 2.00
6125878428 N 5.00000 5.00 11.250 2.250 2.00
6126436648 N 5.00000 5.00 11.500 2.250 2.00
6126607248 N 5.00000 5.00 11.500 2.250 2.00
0000000000 N 5.00000 5.00 11.750 2.250 2.00
6130559757 N 5.00000 5.00 11.500 2.250 2.00
6131144096 N 5.00000 5.00 11.625 2.250 2.00
6133268232 N 5.00000 5.00 11.125 2.250 2.00
6133905254 N 5.00000 5.00 11.500 2.250 2.00
6134979654 N 5.00000 5.00 11.375 2.250 2.00
6137029432 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6138009987 N 5.00000 5.00 11.375 2.250 2.00
6138338386 N 5.00000 5.00 10.875 2.250 2.00
6138344434 N 5.00000 5.00 11.375 2.250 2.00
6139789645 N 5.00000 5.00 11.000 2.250 2.00
6139830944 N 5.00000 5.00 11.000 2.250 2.00
6140146579 N 5.00000 5.00 11.000 2.250 2.00
6140239952 N 5.00000 5.00 10.875 2.250 2.00
6143415849 N 5.00000 5.00 11.125 2.250 2.00
6143582317 N 5.00000 5.00 11.625 2.250 2.00
6144139794 N 5.00000 5.00 11.125 2.250 2.00
6144619795 N 5.00000 5.00 11.250 2.250 2.00
6145418247 N 5.00000 5.00 11.375 2.250 2.00
6145583776 N 5.00000 5.00 11.375 2.250 2.00
6145881501 N 5.00000 5.00 11.125 2.250 2.00
6147438607 N 5.00000 5.00 11.250 2.250 2.00
6148357772 N 5.00000 5.00 11.500 2.250 2.00
6149460666 N 5.00000 5.00 11.250 2.250 2.00
6149912872 N 5.00000 5.00 11.500 2.250 2.00
6150112370 N 5.00000 5.00 10.875 2.250 2.00
6152701238 N 5.00000 5.00 11.000 2.250 2.00
6154465667 N 5.00000 5.00 11.375 2.250 2.00
6154524133 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6156031756 N 5.00000 5.00 11.500 2.250 2.00
6157754190 N 5.00000 5.00 11.250 2.250 2.00
6158832409 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6160778525 N 5.00000 5.00 11.000 2.250 2.00
6163150557 N 5.00000 5.00 11.500 2.250 2.00
6163175703 N 5.00000 5.00 11.375 2.250 2.00
6163441980 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6167268587 N 5.00000 5.00 11.375 2.250 2.00
6167342689 N 5.00000 5.00 11.125 2.250 2.00
6167574935 N 5.00000 5.00 11.250 2.250 2.00
6168393590 N 5.00000 5.00 11.500 2.250 2.00
6169785091 N 5.00000 5.00 11.375 2.250 2.00
6170238189 N 5.00000 5.00 11.125 2.250 2.00
6172851310 N 5.00000 5.00 11.125 2.250 2.00
6175270054 N 5.00000 5.00 11.125 2.250 2.00
6175721627 N 5.00000 5.00 11.625 2.250 2.00
6176182712 N 5.00000 5.00 11.750 2.250 2.00
6178105281 N 5.00000 5.00 11.375 2.250 2.00
6178303852 N 5.00000 5.00 11.375 2.250 2.00
6180933589 N 5.00000 5.00 11.125 2.250 2.00
6182086006 N 5.00000 5.00 11.375 2.250 2.00
6183887923 N 5.00000 5.00 10.875 2.250 2.00
6186246945 N 5.00000 5.00 11.250 2.250 2.00
6187502882 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.625 2.250 2.00
6189218834 N 5.00000 5.00 11.000 2.250 2.00
6190985579 N 5.00000 5.00 10.500 2.250 2.00
6192425095 N 5.00000 5.00 11.250 2.250 2.00
6193270458 N 5.00000 5.00 11.250 2.250 2.00
6194176126 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6196769639 N 5.00000 5.00 11.250 2.250 2.00
6199104727 N 5.00000 5.00 11.000 2.250 2.00
6200143573 N 5.00000 5.00 10.875 2.250 2.00
6200355227 N 5.00000 5.00 11.000 2.250 2.00
6200547385 N 5.00000 5.00 11.125 2.250 2.00
6205538678 N 5.00000 5.00 11.125 2.250 2.00
6209691945 N 5.00000 5.00 11.125 2.250 2.00
6210010374 N 5.00000 5.00 11.375 2.250 2.00
6210202393 N 5.00000 5.00 10.875 2.250 2.00
6210255466 N 5.00000 5.00 10.875 2.250 2.00
6211254120 N 5.00000 5.00 11.500 2.250 2.00
6211375537 N 5.00000 5.00 11.375 2.250 2.00
6212034471 N 5.00000 5.00 11.375 2.250 2.00
6214117258 N 5.00000 5.00 11.250 2.250 2.00
6215262400 N 5.00000 5.00 11.125 2.250 2.00
6215989267 N 5.00000 5.00 11.125 2.250 2.00
6219859961 N 5.00000 5.00 11.250 2.250 2.00
6220709429 N 5.00000 5.00 11.375 2.250 2.00
6222814375 N 5.00000 5.00 10.875 2.250 2.00
6223585925 N 5.00000 5.00 10.875 2.250 2.00
6223759249 N 5.00000 5.00 11.500 2.250 2.00
6224266665 N 5.00000 5.00 11.250 2.250 2.00
6224926243 N 5.00000 5.00 10.625 2.250 2.00
6225461208 N 5.00000 5.00 11.125 2.250 2.00
6227243349 N 5.00000 5.00 11.375 2.250 2.00
6227581540 N 5.00000 5.00 11.375 2.250 2.00
6227728448 N 5.00000 5.00 11.250 2.250 2.00
6227750178 N 5.00000 5.00 11.250 2.250 2.00
6229273724 N 5.00000 5.00 11.375 2.250 2.00
6229735581 N 5.00000 5.00 11.125 2.250 2.00
6230973288 N 5.00000 5.00 11.375 2.250 2.00
6232748431 N 5.00000 5.00 11.250 2.250 2.00
6234834486 N 5.00000 5.00 11.375 2.250 2.00
6236253131 N 5.00000 5.00 11.250 2.250 2.00
6238131988 N 5.00000 5.00 11.125 2.250 2.00
6239568873 N 5.00000 5.00 11.000 2.250 2.00
6239630947 N 5.00000 5.00 11.000 2.250 2.00
6240336609 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6241762472 N 5.00000 5.00 11.250 2.250 2.00
6241804746 N 5.00000 5.00 11.375 2.250 2.00
6243704811 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6244588544 N 5.00000 5.00 11.000 2.250 2.00
6245296717 N 5.00000 5.00 11.125 2.250 2.00
6247448316 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6247648220 N 5.00000 5.00 11.125 2.250 2.00
6248284009 N 5.00000 5.00 11.375 2.250 2.00
6249266583 N 5.00000 5.00 10.750 2.250 2.00
6249495729 N 5.00000 5.00 11.125 2.250 2.00
6249639227 N 5.00000 5.00 11.500 2.250 2.00
6250502900 N 5.00000 5.00 11.375 2.250 2.00
6251234347 N 5.00000 5.00 11.625 2.250 2.00
6251490550 N 5.00000 5.00 11.250 2.250 2.00
6251527955 N 5.00000 5.00 10.875 2.250 2.00
6251732514 N 5.00000 5.00 10.375 2.250 2.00
6252876559 N 5.00000 5.00 11.250 2.250 2.00
6253146499 N 5.00000 5.00 11.000 2.250 2.00
6257988359 N 5.00000 5.00 11.125 2.250 2.00
6260804825 N 5.00000 5.00 11.125 2.250 2.00
6263054915 N 5.00000 5.00 11.500 2.250 2.00
6267904818 N 5.00000 5.00 11.250 2.250 2.00
6268169486 N 5.00000 5.00 11.000 2.250 2.00
6269171101 N 5.00000 5.00 11.375 2.250 2.00
6272395192 N 5.00000 5.00 11.500 2.250 2.00
6273070752 N 5.00000 5.00 11.000 2.250 2.00
6273322583 N 5.00000 5.00 11.375 2.250 2.00
6274643821 N 5.00000 5.00 11.125 2.250 2.00
6274810735 N 5.00000 5.00 11.375 2.250 2.00
6277308406 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6277693856 N 5.00000 5.00 11.125 2.250 2.00
6280229243 N 5.00000 5.00 11.500 2.250 2.00
6283075973 N 5.00000 5.00 11.250 2.250 2.00
6283201249 N 5.00000 5.00 11.000 2.250 2.00
6284906507 N 5.00000 5.00 11.375 2.250 2.00
6285082191 N 5.00000 5.00 10.875 2.250 2.00
6288103614 N 5.00000 5.00 11.250 2.250 2.00
6289418326 N 5.00000 5.00 11.125 2.250 2.00
6289459080 N 5.00000 5.00 11.500 2.250 2.00
6290434189 N 5.00000 5.00 11.250 2.250 2.00
6291044227 N 5.00000 5.00 11.500 2.250 2.00
6291630124 N 5.00000 5.00 11.375 2.250 2.00
6291870340 N 5.00000 5.00 11.250 2.250 2.00
6292431423 N 5.00000 5.00 11.125 2.250 2.00
6293025810 N 5.00000 5.00 11.375 2.250 2.00
6294101214 N 5.00000 5.00 10.750 2.250 2.00
6296264093 N 5.00000 5.00 11.625 2.250 2.00
6301065485 N 5.00000 5.00 10.625 2.250 2.00
6301937469 N 5.00000 5.00 11.000 2.250 2.00
6302558710 N 5.00000 5.00 11.000 2.250 2.00
6303545070 N 5.00000 5.00 11.375 2.250 2.00
6305785146 N 5.00000 5.00 11.000 2.250 2.00
6306283174 N 5.00000 5.00 11.250 2.250 2.00
6311668146 N 5.00000 5.00 10.875 2.250 2.00
6311780057 N 5.00000 5.00 11.250 2.250 2.00
6313376482 N 5.00000 5.00 11.500 2.250 2.00
6313524644 N 5.00000 5.00 11.000 2.250 2.00
6313739838 N 5.00000 5.00 11.125 2.250 2.00
6315404951 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6316106324 N 5.00000 5.00 11.000 2.250 2.00
6316688495 N 5.00000 5.00 11.250 2.250 2.00
6317736806 N 5.00000 5.00 11.125 2.250 2.00
6319008493 N 5.00000 5.00 11.250 2.250 2.00
6321839802 N 5.00000 5.00 11.500 2.250 2.00
6321921303 N 5.00000 5.00 10.875 2.250 2.00
6323231149 N 5.00000 5.00 10.875 2.250 2.00
6323520558 N 5.00000 5.00 11.375 2.250 2.00
6324872073 N 5.00000 5.00 11.500 2.250 2.00
6325069950 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.625 2.250 2.00
6331301934 N 5.00000 5.00 11.125 2.250 2.00
6333660220 N 5.00000 5.00 11.250 2.250 2.00
6334731913 N 5.00000 5.00 11.250 2.250 2.00
6334914451 N 5.00000 5.00 11.125 2.250 2.00
6336713331 N 5.00000 5.00 11.250 2.250 2.00
6338901033 N 5.00000 5.00 11.250 2.250 2.00
6340922829 N 5.00000 5.00 11.500 2.250 2.00
6341015920 N 5.00000 5.00 11.125 2.250 2.00
6343940190 N 5.00000 5.00 11.250 2.250 2.00
6346214460 N 5.00000 5.00 11.500 2.250 2.00
6347432855 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6348813582 N 5.00000 5.00 11.250 2.250 2.00
6352469628 N 5.00000 5.00 11.250 2.250 2.00
6354359876 N 5.00000 5.00 10.500 2.250 2.00
6355703809 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 10.500 2.250 2.00
6359794275 N 5.00000 5.00 11.000 2.250 2.00
6363517746 N 5.00000 5.00 10.875 2.250 2.00
6368426224 N 5.00000 5.00 11.375 2.250 2.00
6368756828 N 5.00000 5.00 11.000 2.250 2.00
6369177891 N 5.00000 5.00 11.250 2.250 2.00
6370420389 N 5.00000 5.00 11.500 2.250 2.00
6371047512 N 5.00000 5.00 10.875 2.250 2.00
6372053428 N 5.00000 5.00 10.875 2.250 2.00
6373502001 N 5.00000 5.00 11.625 2.250 2.00
6374110432 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6376049349 N 5.00000 5.00 11.500 2.250 2.00
6376364078 N 5.00000 5.00 10.750 2.250 2.00
6376795941 N 5.00000 5.00 11.125 2.250 2.00
6376988868 N 5.00000 5.00 11.250 2.250 2.00
6378100058 N 5.00000 5.00 11.500 2.250 2.00
6378497645 N 5.00000 5.00 11.500 2.250 2.00
6378572645 N 5.00000 5.00 11.125 2.250 2.00
6378935685 N 5.00000 5.00 11.250 2.250 2.00
6379285239 N 5.00000 5.00 11.375 2.250 2.00
6379413583 N 5.00000 5.00 11.750 2.250 2.00
6380364122 N 5.00000 5.00 11.375 2.250 2.00
6380892213 N 5.00000 5.00 11.125 2.250 2.00
6384275399 N 5.00000 5.00 11.000 2.250 2.00
6385014987 N 5.00000 5.00 10.875 2.250 2.00
6385686883 N 5.00000 5.00 11.125 2.250 2.00
6386440397 N 5.00000 5.00 11.250 2.250 2.00
6386449232 N 5.00000 5.00 11.000 2.250 2.00
6386875626 N 5.00000 5.00 11.500 2.250 2.00
6386938663 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
6387449462 N 5.00000 5.00 11.000 2.250 2.00
6387689901 N 5.00000 5.00 11.375 2.250 2.00
6388141985 N 5.00000 5.00 11.625 2.250 2.00
6388833821 N 5.00000 5.00 11.500 2.250 2.00
6390210737 N 5.00000 5.00 11.000 2.250 2.00
6391042352 N 5.00000 5.00 10.625 2.250 2.00
6392175961 N 5.00000 5.00 11.375 2.250 2.00
6392403025 N 5.00000 5.00 11.250 2.250 2.00
6393958266 N 5.00000 5.00 11.250 2.250 2.00
6394308636 N 5.00000 5.00 11.125 2.250 2.00
6394634692 N 5.00000 5.00 11.250 2.250 2.00
6395929638 N 5.00000 5.00 11.125 2.250 2.00
6396442508 N 5.00000 5.00 11.500 2.250 2.00
0000000000 N 5.00000 5.00 10.750 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6400505183 N 5.00000 5.00 11.875 2.250 2.00
6401118473 N 5.00000 5.00 11.750 2.250 2.00
6401120917 N 5.00000 5.00 11.375 2.250 2.00
6401289332 N 5.00000 5.00 11.375 2.250 2.00
6402721440 N 5.00000 5.00 11.500 2.250 2.00
6404273895 N 5.00000 5.00 11.250 2.250 2.00
6405621886 N 5.00000 5.00 11.750 2.250 2.00
6405645687 N 5.00000 5.00 11.250 2.250 2.00
6406241890 N 5.00000 5.00 11.375 2.250 2.00
6407203824 N 5.00000 5.00 11.125 2.250 2.00
6407625059 N 5.00000 5.00 11.125 2.250 2.00
6409655153 N 5.00000 5.00 11.000 2.250 2.00
6410375106 N 5.00000 5.00 11.625 2.250 2.00
6411141309 N 5.00000 5.00 11.000 2.250 2.00
6412024694 N 5.00000 5.00 11.125 2.250 2.00
6412804939 N 5.00000 5.00 11.250 2.250 2.00
6415769451 N 5.00000 5.00 11.250 2.250 2.00
6415998126 N 5.00000 5.00 11.750 2.250 2.00
6416540380 N 5.00000 5.00 11.250 2.250 2.00
6418625411 N 5.00000 5.00 11.500 2.250 2.00
6418983182 N 5.00000 5.00 11.000 2.250 2.00
6420170174 N 5.00000 5.00 11.125 2.250 2.00
6420214790 N 5.00000 5.00 11.375 2.250 2.00
6421055564 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6421688414 N 5.00000 5.00 11.250 2.250 2.00
6422333051 N 5.00000 5.00 11.500 2.250 2.00
6424176847 N 5.00000 5.00 11.250 2.250 2.00
6424577093 N 5.00000 5.00 11.125 2.250 2.00
6430824562 N 5.00000 5.00 11.250 2.250 2.00
6432268875 N 5.00000 5.00 10.875 2.250 2.00
0000000000 Y 5.00000 5.00 11.250 2.250 2.00
6439953776 N 5.00000 5.00 11.500 2.250 2.00
6442045263 N 5.00000 5.00 11.625 2.250 2.00
6443256877 N 5.00000 5.00 11.125 2.250 2.00
6444815580 N 5.00000 5.00 11.375 2.250 2.00
6446435155 N 5.00000 5.00 11.250 2.250 2.00
6446800317 N 5.00000 5.00 11.375 2.250 2.00
6447964278 N 5.00000 5.00 11.125 2.250 2.00
6451091885 N 5.00000 5.00 11.250 2.250 2.00
6453456391 N 5.00000 5.00 11.250 2.250 2.00
6454031573 N 5.00000 5.00 11.250 2.250 2.00
6455066230 N 5.00000 5.00 11.250 2.250 2.00
6455950581 N 5.00000 5.00 11.250 2.250 2.00
6456923785 N 5.00000 5.00 11.375 2.250 2.00
6457075288 N 5.00000 5.00 10.375 2.250 2.00
6457391503 N 5.00000 5.00 11.375 2.250 2.00
6458191266 N 5.00000 5.00 11.000 2.250 2.00
6459017817 N 5.00000 5.00 11.250 2.250 2.00
6459182819 N 5.00000 5.00 11.000 2.250 2.00
6460799486 N 5.00000 5.00 11.500 2.250 2.00
6461152131 N 5.00000 5.00 11.375 2.250 2.00
6462816874 N 5.00000 5.00 11.625 2.250 2.00
6462985141 N 5.00000 5.00 11.000 2.250 2.00
6463416682 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6468081812 N 5.00000 5.00 11.000 2.250 2.00
6468217820 N 5.00000 5.00 11.500 2.250 2.00
6468415010 N 5.00000 5.00 11.000 2.250 2.00
6472172144 N 5.00000 5.00 11.375 2.250 2.00
6474358642 N 5.00000 5.00 11.125 2.250 2.00
6475167281 N 5.00000 5.00 11.375 2.250 2.00
6475302839 N 5.00000 5.00 10.875 2.250 2.00
6478159111 N 5.00000 5.00 11.625 2.250 2.00
6478967570 N 5.00000 5.00 11.625 2.250 2.00
6480624037 N 5.00000 5.00 11.500 2.250 2.00
6481509997 N 5.00000 5.00 10.875 2.250 2.00
6482506661 N 5.00000 5.00 11.125 2.250 2.00
6484178840 N 5.00000 5.00 11.375 2.250 2.00
6484629545 N 5.00000 5.00 11.375 2.250 2.00
6485203886 N 5.00000 5.00 12.000 2.250 2.00
6487245646 N 5.00000 5.00 11.375 2.250 2.00
6487571744 N 5.00000 5.00 11.250 2.250 2.00
6488995298 N 5.00000 5.00 10.875 2.250 2.00
6489843562 N 5.00000 5.00 11.375 2.250 2.00
6490860100 N 5.00000 5.00 10.750 2.250 2.00
6490939490 N 5.00000 5.00 11.125 2.250 2.00
6491854888 N 5.00000 5.00 11.375 2.250 2.00
6493311994 N 5.00000 5.00 11.250 2.250 2.00
6496483097 N 5.00000 5.00 11.750 2.250 2.00
6497580982 N 5.00000 5.00 11.125 2.250 2.00
6499472188 N 5.00000 5.00 10.875 2.250 2.00
6503063882 N 5.00000 5.00 11.125 2.250 2.00
6504643062 N 5.00000 5.00 11.375 2.250 2.00
6505036183 N 5.00000 5.00 11.125 2.250 2.00
6505445368 N 5.00000 5.00 11.250 2.250 2.00
6505752300 N 5.00000 5.00 11.000 2.250 2.00
6508466353 N 5.00000 5.00 11.500 2.250 2.00
6512996775 N 5.00000 5.00 11.500 2.250 2.00
6513324514 N 5.00000 5.00 11.250 2.250 2.00
6517216567 N 5.00000 5.00 11.375 2.250 2.00
6518901555 N 5.00000 5.00 10.875 2.250 2.00
6524114920 N 5.00000 5.00 10.750 2.250 2.00
6525570575 N 5.00000 5.00 11.375 2.250 2.00
6527300310 N 5.00000 5.00 10.750 2.250 2.00
6527869389 Y 5.00000 5.00 11.375 2.250 2.00
6528800151 N 5.00000 5.00 11.250 2.250 2.00
6528883058 N 5.00000 5.00 11.125 2.250 2.00
6530666814 N 5.00000 5.00 11.125 2.250 2.00
6530966362 N 5.00000 5.00 11.250 2.250 2.00
6531655212 N 5.00000 5.00 11.250 2.250 2.00
6532598072 N 5.00000 5.00 11.375 2.250 2.00
6532874853 N 5.00000 5.00 10.875 2.250 2.00
6536204917 N 5.00000 5.00 10.875 2.250 2.00
6538136760 N 5.00000 5.00 11.375 2.250 2.00
6538872547 N 5.00000 5.00 11.250 2.250 2.00
6539000007 N 5.00000 5.00 10.750 2.250 2.00
6539275047 N 5.00000 5.00 11.500 2.250 2.00
6539335155 N 5.00000 5.00 11.125 2.250 2.00
6539613544 N 5.00000 5.00 11.375 2.250 2.00
6539701828 N 5.00000 5.00 11.250 2.250 2.00
6542415606 N 5.00000 5.00 11.000 2.250 2.00
6547147212 N 5.00000 5.00 11.000 2.250 2.00
6549204854 N 5.00000 5.00 11.000 2.250 2.00
6549749643 N 5.00000 5.00 11.250 2.250 2.00
6551738914 N 5.00000 5.00 11.250 2.250 2.00
6553189405 N 5.00000 5.00 11.000 2.250 2.00
6553983641 N 5.00000 5.00 11.000 2.250 2.00
6554764750 N 5.00000 5.00 11.000 2.250 2.00
6554840147 N 5.00000 5.00 10.875 2.250 2.00
6555912853 N 5.00000 5.00 10.875 2.250 2.00
6557323158 N 5.00000 5.00 11.375 2.250 2.00
6558147184 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6558980865 N 5.00000 5.00 11.500 2.250 2.00
6559188708 N 5.00000 5.00 11.250 2.250 2.00
6559423295 N 5.00000 5.00 11.125 2.250 2.00
6559487829 N 5.00000 5.00 11.000 2.250 2.00
6560068824 N 5.00000 5.00 11.125 2.250 2.00
6561648186 N 5.00000 5.00 11.000 2.250 2.00
6561781367 N 5.00000 5.00 11.125 2.250 2.00
6561994929 N 5.00000 5.00 11.250 2.250 2.00
6567164774 N 5.00000 5.00 11.000 2.250 2.00
6567765257 N 5.00000 5.00 11.000 2.250 2.00
6568534710 N 5.00000 5.00 11.375 2.250 2.00
6569641605 N 5.00000 5.00 11.000 2.250 2.00
6569843615 N 5.00000 5.00 11.000 2.250 2.00
6573007009 N 5.00000 5.00 11.500 2.250 2.00
6577466821 N 5.00000 5.00 11.000 2.250 2.00
6577685578 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6579169795 N 5.00000 5.00 11.500 2.250 2.00
6581765093 N 5.00000 5.00 11.375 2.250 2.00
6586387828 N 5.00000 5.00 10.750 2.250 2.00
6587330140 N 5.00000 5.00 11.250 2.250 2.00
6587658045 N 5.00000 5.00 11.125 2.250 2.00
6587738490 N 5.00000 5.00 11.625 2.250 2.00
6587930790 N 5.00000 5.00 11.500 2.250 2.00
6589178596 N 5.00000 5.00 11.375 2.250 2.00
6589480000 N 5.00000 5.00 11.625 2.250 2.00
6591457913 N 5.00000 5.00 11.875 2.250 2.00
6591691099 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6595281343 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6597037818 N 5.00000 5.00 11.125 2.250 2.00
6598099957 N 5.00000 5.00 11.500 2.250 2.00
6599123277 N 5.00000 5.00 11.125 2.250 2.00
6599820583 N 5.00000 5.00 11.750 2.250 2.00
6601920397 N 5.00000 5.00 10.750 2.250 2.00
6602092287 N 5.00000 5.00 10.500 2.250 2.00
6603070209 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6606448386 N 5.00000 5.00 11.000 2.250 2.00
6613561478 N 5.00000 5.00 11.250 2.250 2.00
6615508238 N 5.00000 5.00 11.250 2.250 2.00
6615691091 N 5.00000 5.00 11.500 2.250 2.00
6617136921 N 5.00000 5.00 11.625 2.250 2.00
6617461410 N 5.00000 5.00 11.375 2.250 2.00
6618503897 N 5.00000 5.00 11.250 2.250 2.00
6620833100 N 5.00000 5.00 10.625 2.250 2.00
6621194189 N 5.00000 5.00 11.000 2.250 2.00
6621439246 N 5.00000 5.00 11.000 2.250 2.00
6621676292 N 5.00000 5.00 11.250 2.250 2.00
6622754908 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6623556757 N 5.00000 5.00 10.750 2.250 2.00
6626659822 N 5.00000 5.00 11.375 2.250 2.00
6627421875 N 5.00000 5.00 10.875 2.250 2.00
6630054051 N 5.00000 5.00 11.375 2.250 2.00
6631669048 N 5.00000 5.00 11.625 2.250 2.00
6631983233 N 5.00000 5.00 11.000 2.250 2.00
6634062738 N 5.00000 5.00 11.250 2.250 2.00
6634490806 N 5.00000 5.00 11.250 2.250 2.00
6637303485 N 5.00000 5.00 10.875 2.250 2.00
6639281176 N 5.00000 5.00 11.500 2.250 2.00
6640618887 N 5.00000 5.00 10.875 2.250 2.00
6640934458 N 5.00000 5.00 11.375 2.250 2.00
6641797235 N 5.00000 5.00 11.750 2.250 2.00
6642507203 N 5.00000 5.00 10.875 2.250 2.00
6645865483 N 5.00000 5.00 10.875 2.250 2.00
6647237525 N 5.00000 5.00 11.250 2.250 2.00
6648317854 N 5.00000 5.00 11.375 2.250 2.00
6648979059 N 5.00000 5.00 11.250 2.250 2.00
6649244875 N 5.00000 5.00 11.000 2.250 2.00
6650586354 N 5.00000 5.00 11.500 2.250 2.00
6652312528 N 5.00000 5.00 11.375 2.250 2.00
6652962074 N 5.00000 5.00 11.750 2.250 2.00
6655008941 N 5.00000 5.00 11.000 2.250 2.00
6655214036 N 5.00000 5.00 11.125 2.250 2.00
6655429386 N 5.00000 5.00 10.875 2.250 2.00
6657989544 N 5.00000 5.00 11.125 2.250 2.00
6659017849 N 5.00000 5.00 11.500 2.250 2.00
6659414772 N 5.00000 5.00 11.250 2.250 2.00
6660174365 N 5.00000 5.00 11.000 2.250 2.00
6662162228 N 5.00000 5.00 11.125 2.250 2.00
6663763222 N 5.00000 5.00 11.375 2.250 2.00
6665466220 N 5.00000 5.00 10.750 2.250 2.00
6665810617 N 5.00000 5.00 11.250 2.250 2.00
6665877327 N 5.00000 5.00 10.875 2.250 2.00
6666802852 N 5.00000 5.00 11.000 2.250 2.00
6667927393 N 5.00000 5.00 10.750 2.250 2.00
6669275379 N 5.00000 5.00 10.750 2.250 2.00
6670486379 N 5.00000 5.00 11.250 2.250 2.00
6674101099 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6676709956 N 5.00000 5.00 11.250 2.250 2.00
6676751032 N 5.00000 5.00 10.875 2.250 2.00
6679670700 N 5.00000 5.00 11.125 2.250 2.00
6679937083 N 5.00000 5.00 11.375 2.250 2.00
6680692933 N 5.00000 5.00 11.250 2.250 2.00
6682079550 N 5.00000 5.00 10.875 2.250 2.00
6682460164 N 5.00000 5.00 11.125 2.250 2.00
6682899486 N 5.00000 5.00 11.250 2.250 2.00
6683001108 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6684789651 N 5.00000 5.00 11.250 2.250 2.00
6687553914 N 5.00000 5.00 10.875 2.250 2.00
6689357868 N 5.00000 5.00 11.125 2.250 2.00
6689825070 N 5.00000 5.00 11.250 2.250 2.00
6690130726 N 5.00000 5.00 11.500 2.250 2.00
6691729690 N 5.00000 5.00 11.500 2.250 2.00
6695129863 N 5.00000 5.00 11.125 2.250 2.00
6695489267 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6697863436 N 5.00000 5.00 10.875 2.250 2.00
6699262728 N 5.00000 5.00 11.125 2.250 2.00
6699339997 N 5.00000 5.00 10.750 2.250 2.00
6701123322 N 5.00000 5.00 11.125 2.250 2.00
6701145622 N 5.00000 5.00 11.500 2.250 2.00
6701632447 N 5.00000 5.00 11.500 2.250 2.00
6703193521 N 5.00000 5.00 11.250 2.250 2.00
6704473583 N 5.00000 5.00 11.250 2.250 2.00
6705234232 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6706329072 N 5.00000 5.00 11.000 2.250 2.00
6707278344 N 5.00000 5.00 11.250 2.250 2.00
6711313665 N 5.00000 5.00 11.500 2.250 2.00
6712983839 N 5.00000 5.00 11.250 2.250 2.00
6713505425 N 5.00000 5.00 11.500 2.250 2.00
6713693858 N 5.00000 5.00 11.250 2.250 2.00
6714052377 N 5.00000 5.00 11.250 2.250 2.00
6716259756 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6717680810 N 5.00000 5.00 11.000 2.250 2.00
6719758226 N 5.00000 5.00 11.500 2.250 2.00
6720806287 N 5.00000 5.00 11.000 2.250 2.00
6721461512 N 5.00000 5.00 11.375 2.250 2.00
6721724471 Y 5.00000 5.00 11.500 2.250 2.00
6722533533 N 5.00000 5.00 11.625 2.250 2.00
6722604961 N 5.00000 5.00 11.375 2.250 2.00
6723264054 N 5.00000 5.00 11.125 2.250 2.00
6725739020 N 5.00000 5.00 11.375 2.250 2.00
6727033646 N 5.00000 5.00 11.250 2.250 2.00
6727497429 N 5.00000 5.00 11.375 2.250 2.00
6727715317 N 5.00000 5.00 10.875 2.250 2.00
6729029568 N 5.00000 5.00 11.125 2.250 2.00
6732187288 N 5.00000 5.00 11.125 2.250 2.00
6734915736 N 5.00000 5.00 11.250 2.250 2.00
6735441682 N 5.00000 5.00 11.375 2.250 2.00
6735970961 N 5.00000 5.00 11.250 2.250 2.00
6736581254 N 5.00000 5.00 11.000 2.250 2.00
6736605483 N 5.00000 5.00 11.500 2.250 2.00
6737772779 N 5.00000 5.00 11.125 2.250 2.00
6738622551 N 5.00000 5.00 11.375 2.250 2.00
6738690467 N 5.00000 5.00 11.000 2.250 2.00
6739849138 N 5.00000 5.00 10.875 2.250 2.00
6741296740 N 5.00000 5.00 11.375 2.250 2.00
6741533712 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 10.750 2.250 2.00
6744954519 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6748611966 N 5.00000 5.00 11.250 2.250 2.00
6748992887 N 5.00000 5.00 10.875 2.250 2.00
6750457241 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6752759107 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6753106522 N 5.00000 5.00 12.000 2.250 2.00
6756292808 N 5.00000 5.00 11.250 2.250 2.00
6757592586 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6759888974 N 5.00000 5.00 11.250 2.250 2.00
6761491841 N 5.00000 5.00 11.500 2.250 2.00
6761590741 N 5.00000 5.00 10.750 2.250 2.00
6762191176 N 5.00000 5.00 11.500 2.250 2.00
6762395918 Y 5.00000 5.00 10.625 2.250 2.00
6762460365 N 5.00000 5.00 11.250 2.250 2.00
6763379077 N 5.00000 5.00 11.375 2.250 2.00
6768901198 N 5.00000 5.00 10.750 2.250 2.00
6769208122 N 5.00000 5.00 11.250 2.250 2.00
6769846459 N 5.00000 5.00 11.000 2.250 2.00
6771069280 N 5.00000 5.00 11.375 2.250 2.00
6771935613 N 5.00000 5.00 11.375 2.250 2.00
6774413055 N 5.00000 5.00 11.375 2.250 2.00
6776847383 N 5.00000 5.00 11.375 2.250 2.00
6777887347 N 5.00000 5.00 11.000 2.250 2.00
6779131645 N 5.00000 5.00 11.125 2.250 2.00
6780733918 N 5.00000 5.00 10.875 2.250 2.00
6782132366 N 5.00000 5.00 11.000 2.250 2.00
6782308404 Y 5.00000 5.00 11.250 2.250 2.00
6782725698 N 5.00000 5.00 11.375 2.250 2.00
6783461590 N 5.00000 5.00 11.125 2.250 2.00
6783785543 N 5.00000 5.00 11.125 2.250 2.00
6784907823 N 5.00000 5.00 11.125 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6788380621 N 5.00000 5.00 11.250 2.250 2.00
6788429352 N 5.00000 5.00 11.000 2.250 2.00
6789594881 N 5.00000 5.00 11.375 2.250 2.00
6789640528 N 5.00000 5.00 11.125 2.250 2.00
6789743785 N 5.00000 5.00 10.875 2.250 2.00
6791236505 N 5.00000 5.00 11.125 2.250 2.00
6791726125 N 5.00000 5.00 11.375 2.250 2.00
6792395284 N 5.00000 5.00 11.625 2.250 2.00
6792446210 N 5.00000 5.00 11.250 2.250 2.00
6792806157 N 5.00000 5.00 10.875 2.250 2.00
6796832423 N 5.00000 5.00 11.375 2.250 2.00
6797039713 N 5.00000 5.00 11.375 2.250 2.00
6797788350 N 5.00000 5.00 11.500 2.250 2.00
6798258973 N 5.00000 5.00 11.250 2.250 2.00
6799123036 N 5.00000 5.00 11.625 2.250 2.00
6799372765 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6803693552 N 5.00000 5.00 10.875 2.250 2.00
6805638191 N 5.00000 5.00 11.000 2.250 2.00
6807808784 N 5.00000 5.00 11.125 2.250 2.00
6808440520 N 5.00000 5.00 11.000 2.250 2.00
6809610311 N 5.00000 5.00 11.375 2.250 2.00
6809727107 N 5.00000 5.00 10.875 2.250 2.00
6814328644 N 5.00000 5.00 11.250 2.250 2.00
6815005480 N 5.00000 5.00 10.750 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
6821304638 N 5.00000 5.00 11.375 2.250 2.00
6823269581 N 5.00000 5.00 11.250 2.250 2.00
6823694275 N 5.00000 5.00 11.375 2.250 2.00
6827685493 N 5.00000 5.00 11.375 2.250 2.00
6830305386 N 5.00000 5.00 11.250 2.250 2.00
6830835457 N 5.00000 5.00 11.250 2.250 2.00
6833277053 N 5.00000 5.00 10.125 2.250 2.00
6833846352 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 10.750 2.250 2.00
6835822625 N 5.00000 5.00 11.500 2.250 2.00
6837897245 Y 5.00000 5.00 10.750 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6840948258 N 5.00000 5.00 11.000 2.250 2.00
6845423216 N 5.00000 5.00 11.375 2.250 2.00
6845481891 N 5.00000 5.00 11.500 2.250 2.00
6846353099 N 5.00000 5.00 10.500 2.250 2.00
6846718259 N 5.00000 5.00 11.625 2.250 2.00
6846968086 N 5.00000 5.00 11.250 2.250 2.00
6847009237 N 5.00000 5.00 11.250 2.250 2.00
6847325732 N 5.00000 5.00 11.250 2.250 2.00
6847667356 N 5.00000 5.00 11.250 2.250 2.00
6848960396 N 5.00000 5.00 11.250 2.250 2.00
6850585248 N 5.00000 5.00 11.375 2.250 2.00
6851526225 N 5.00000 5.00 11.125 2.250 2.00
6851604428 N 5.00000 5.00 10.875 2.250 2.00
6853730114 N 5.00000 5.00 11.625 2.250 2.00
6854515670 N 5.00000 5.00 10.875 2.250 2.00
6854701510 N 5.00000 5.00 11.625 2.250 2.00
6854751655 N 5.00000 5.00 11.500 2.250 2.00
6855736937 N 5.00000 5.00 11.625 2.250 2.00
6858943340 N 5.00000 5.00 10.250 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6861214424 N 5.00000 5.00 11.250 2.250 2.00
6861981576 N 5.00000 5.00 11.500 2.250 2.00
6862022909 N 5.00000 5.00 10.750 2.250 2.00
6864940660 N 5.00000 5.00 11.000 2.250 2.00
6867026442 N 5.00000 5.00 11.375 2.250 2.00
6867491570 N 5.00000 5.00 11.375 2.250 2.00
6867814854 N 5.00000 5.00 11.500 2.250 2.00
6868828846 N 5.00000 5.00 11.375 2.250 2.00
6870204085 N 5.00000 5.00 11.375 2.250 2.00
6870688758 N 5.00000 5.00 10.750 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6873765967 N 5.00000 5.00 11.500 2.250 2.00
6874667121 N 5.00000 5.00 11.250 2.250 2.00
6876091866 N 5.00000 5.00 11.125 2.250 2.00
6878350161 N 5.00000 5.00 11.375 2.250 2.00
6879370259 N 5.00000 5.00 11.375 2.250 2.00
6880979023 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6881418492 N 5.00000 5.00 11.375 2.250 2.00
0000000000 N 5.00000 5.00 11.000 2.250 2.00
6885913795 N 5.00000 5.00 11.625 2.250 2.00
6887540471 N 5.00000 5.00 11.625 2.250 2.00
6888506463 N 5.00000 5.00 11.125 2.250 2.00
6889072929 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6893852910 N 5.00000 5.00 10.125 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
6897982473 N 5.00000 5.00 11.250 2.250 2.00
6898421893 N 5.00000 5.00 11.000 2.250 2.00
6898588709 N 5.00000 5.00 11.375 2.250 2.00
6898676124 N 5.00000 5.00 10.875 2.250 2.00
6898737124 N 5.00000 5.00 11.250 2.250 2.00
6898995292 N 5.00000 5.00 11.000 2.250 2.00
6900205342 N 5.00000 5.00 11.250 2.250 2.00
6900522985 N 5.00000 5.00 11.250 2.250 2.00
6902394425 N 5.00000 5.00 11.125 2.250 2.00
6902409306 N 5.00000 5.00 11.500 2.250 2.00
6902555736 N 5.00000 5.00 11.250 2.250 2.00
6905369689 N 5.00000 5.00 11.250 2.250 2.00
6909652858 N 5.00000 5.00 11.375 2.250 2.00
6911103478 N 5.00000 5.00 11.500 2.250 2.00
6911443825 N 5.00000 5.00 11.125 2.250 2.00
6912474035 N 5.00000 5.00 11.250 2.250 2.00
6915888827 N 5.00000 5.00 11.125 2.250 2.00
6916737627 N 5.00000 5.00 11.375 2.250 2.00
6917096239 N 5.00000 5.00 10.875 2.250 2.00
6917777507 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.500 2.250 2.00
6919752094 N 5.00000 5.00 11.125 2.250 2.00
6919943834 N 5.00000 5.00 11.250 2.250 2.00
0000000000 N 5.00000 5.00 11.375 2.250 2.00
6920991095 N 5.00000 5.00 11.125 2.250 2.00
6923516527 N 5.00000 5.00 11.125 2.250 2.00
6925538743 N 5.00000 5.00 11.000 2.250 2.00
6926187748 N 5.00000 5.00 11.250 2.250 2.00
6926539070 N 5.00000 5.00 11.125 2.250 2.00
6927141751 N 5.00000 5.00 11.125 2.250 2.00
6929457668 N 5.00000 5.00 11.250 2.250 2.00
6929543582 N 5.00000 5.00 10.750 2.250 2.00
6930348286 N 5.00000 5.00 11.125 2.250 2.00
6931648015 N 5.00000 5.00 11.500 2.250 2.00
6932337642 N 5.00000 5.00 11.000 2.250 2.00
6932878330 N 5.00000 5.00 11.000 2.250 2.00
6933800929 N 5.00000 5.00 10.875 2.250 2.00
6935342748 N 5.00000 5.00 11.250 2.250 2.00
6941349067 N 5.00000 5.00 11.000 2.250 2.00
6941885136 N 5.00000 5.00 11.250 2.250 2.00
6943749983 N 5.00000 5.00 10.875 2.250 2.00
6944925715 N 5.00000 5.00 11.125 2.250 2.00
6946497242 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
6950156288 N 5.00000 5.00 11.375 2.250 2.00
6950908266 N 5.00000 5.00 11.125 2.250 2.00
6952141353 N 5.00000 5.00 10.875 2.250 2.00
6952299797 N 5.00000 5.00 11.000 2.250 2.00
6954180748 N 5.00000 5.00 11.375 2.250 2.00
6954533219 N 5.00000 5.00 11.500 2.250 2.00
6955455099 N 5.00000 5.00 11.250 2.250 2.00
6955554420 N 5.00000 5.00 11.750 2.250 2.00
6957470138 N 5.00000 5.00 11.250 2.250 2.00
6957853234 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 10.875 2.250 2.00
0000000000 N 5.00000 5.00 11.625 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6960552997 N 5.00000 5.00 11.500 2.250 2.00
6961289201 N 5.00000 5.00 11.000 2.250 2.00
6962928898 N 5.00000 5.00 11.000 2.250 2.00
0000000000 N 5.00000 5.00 11.125 2.250 2.00
6964081365 N 5.00000 5.00 11.375 2.250 2.00
6964381799 N 5.00000 5.00 11.625 2.250 2.00
6965399196 N 5.00000 5.00 11.125 2.250 2.00
6969110979 N 5.00000 5.00 11.000 2.250 2.00
6970699580 N 5.00000 5.00 11.500 2.250 2.00
0000000000 N 5.00000 5.00 11.250 2.250 2.00
6973311548 N 5.00000 5.00 11.000 2.250 2.00
6975415156 N 5.00000 5.00 11.125 2.250 2.00
6975976496 N 5.00000 5.00 11.000 2.250 2.00
6976105004 N 5.00000 5.00 11.125 2.250 2.00
6976943677 N 5.00000 5.00 10.625 2.250 2.00
6977562062 N 5.00000 5.00 11.125 2.250 2.00
6977780367 N 5.00000 5.00 11.125 2.250 2.00
6978613955 N 5.00000 5.00 11.250 2.250 2.00
6980704016 N 5.00000 5.00 11.125 2.250 2.00
6981786228 N 5.00000 5.00 11.250 2.250 2.00
6982402619 N 5.00000 5.00 11.375 2.250 2.00
6983734010 N 5.00000 5.00 11.375 2.250 2.00
6988069701 N 5.00000 5.00 10.750 2.250 2.00
6988857436 N 5.00000 5.00 11.500 2.250 2.00
6991271815 N 5.00000 5.00 11.000 2.250 2.00
6991523157 N 5.00000 5.00 11.125 2.250 2.00
6991867703 N 5.00000 5.00 10.875 2.250 2.00
6992230539 N 5.00000 5.00 11.375 2.250 2.00
6992362167 N 5.00000 5.00 11.125 2.250 2.00
6992417359 N 5.00000 5.00 11.625 2.250 2.00
6994551999 N 5.00000 5.00 10.875 2.250 2.00
6995362982 N 5.00000 5.00 11.250 2.250 2.00
6999138800 N 5.00000 5.00 11.000 2.250 2.00
LOAN COUNT: 851
SCHEDULED PB
AS OF APRIL 1: $426,858,493.52
INTEREST RATE W/A: 6.20%
REMAINING TERM W/A: 358
EXHIBIT E
REQUEST FOR RELEASE OF DOCUMENTS
[date]
To: The Bank of New York
0 Xxxx Xxxxx - 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn: Inventory Control
Re: The Pooling and Servicing Agreement dated April 25,
2002, among Bank of America Mortgage Securities,
Inc., as Depositor, Bank of America, N.A., as
Servicer, and The Bank of New York, as Trustee
In connection with the administration of the Mortgage Loans held by you,
as Custodian, pursuant to the above-captioned Pooling and Servicing Agreement,
we request the release, and hereby acknowledge receipt, of the Mortgage File for
the Mortgage Loan described below, for the reason indicated.
Mortgage Loan Number:
Mortgagor Name, Address & Zip Code:
Reason for Requesting Documents (check one)
____ 1. Mortgage Paid in Full
____ 2. Foreclosure
____ 3. Substitution
____ 4. Other Liquidation
____ 5. Nonliquidation Reason: ___________________
By:
-----------------------------------
(authorized signer of Bank of
America Mortgage Securities, Inc.)
Issuer:
-------------------------------
Address:
------------------------------
------------------------------
Date:
---------------------------------
Custodian
The Bank of New York
Please acknowledge the execution of the above request by your signature and date
below:
__________________________________ _______________
Signature Date
Documents returned to Custodian:
___________________________________ ________________
Custodian Date
EXHIBIT F
FORM OF CERTIFICATION OF ESTABLISHMENT OF ACCOUNT
[Date]
[_______________] hereby certifies that it has established a
[__________] Account pursuant to Section [________] of the Pooling and
Servicing Agreement, dated April 25, 2002, among Bank of America Mortgage
Securities, Inc., as Depositor, Bank of America, N.A., as Servicer, and The
Bank of New York, as Trustee.
[_______________],
By:
-----------------------------------------
Name:
---------------------------------------
Title:
--------------------------------------
EXHIBIT G-1
FORM OF TRANSFEROR CERTIFICATE
FOR TRANSFERS OF PRIVATE CERTIFICATES
[Date]
The Bank of New York
0 Xxxx Xxxxx - 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Bank of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2002-C, Class ___,
having an initial aggregate Certificate Balance as of
April 25, 2002 of $___________
Ladies and Gentlemen:
This letter is delivered to you in connection with the transfer by
[______________] (the "Transferor") to [______________] (the "Transferee") of
the captioned Certificates (the "Transferred Certificates"), pursuant to Section
6.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement"), dated April 25, 2002, among Bank of America Mortgage Securities,
Inc., as Depositor, Bank of America, N.A., as Servicer, and The Bank of New
York, as Trustee. All capitalized terms used herein and not otherwise defined
shall have the respective meanings set forth in the Pooling and Servicing
Agreement. The Transferor hereby certifies, represents and warrants to you, as
Trustee, that:
1. The Transferor is the lawful owner of the Transferred
Certificates with the full right to transfer such Certificates free from
any and all claims and encumbrances whatsoever.
2. Neither the Transferor nor anyone acting on its behalf has (a)
offered, transferred, pledged, sold or otherwise disposed of any
Transferred Certificate, any interest in a Transferred Certificate or any
other similar security to any person in any manner, (b) solicited any
offer to buy or accept a transfer, pledge or other disposition of any
Transferred Certificate, any interest in a Transferred Certificate or any
other similar security from any person in any manner, (c) otherwise
approached or negotiated with respect to any Transferred Certificate, any
interest in a Transferred Certificate or any other similar security with
any person in any manner, (d) made any general solicitation with respect
to any Transferred Certificate, any interest in a Transferred Certificate
or any other similar security by means of general advertising or in any
other manner, or (e) taken any other action with respect to any
Transferred Certificate, any interest in a Transferred Certificate or any
other similar security, which (in the case of any of the acts described in
clauses (a) through (e) hereof) would constitute a distribution of the
Transferred Certificates under the Securities Act of 1933, as amended (the
"1933 Act"), would render the disposition of the Transferred Certificates
a violation of Section 5 of the 1933 Act or any state securities laws, or
would require registration or qualification of the Transferred
Certificates pursuant to the 1933 Act or any state securities laws.
Very truly yours,
--------------------------------------
(Transferor)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
EXHIBIT G-2A
FORM I OF TRANSFEREE CERTIFICATE
FOR TRANSFERS OF PRIVATE CERTIFICATES
[Date]
The Bank of New York
0 Xxxx Xxxxx - 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Bank of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2002-C, Class ___,
having an initial aggregate Certificate Balance as of
April 25, 2002 of $_________]
Ladies and Gentlemen:
This letter is delivered to you in connection with the transfer by
[_______________] (the "Transferor") to [_________________________________] (the
"Transferee") of the captioned Certificates (the "Transferred Certificates"),
pursuant to Section 6.02 of the Pooling and Servicing Agreement (the "Pooling
and Servicing Agreement"), dated April 25, 2002, among Bank of America Mortgage
Securities, Inc., as Depositor, Bank of America, N.A., as Servicer, and The Bank
of New York, as Trustee. All capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in the Pooling and
Servicing Agreement. The Transferor hereby certifies, represents and warrants to
you, as Trustee, that:
1. The Transferee is a "qualified institutional buyer" (a "Qualified
Institutional Buyer") as that term is defined in Rule 144A ("Rule 144A")
under the Securities Act of 1933, as amended (the "1933 Act"), and has
completed one of the forms of certification to that effect attached hereto
as Annex 1 and Annex 2. The Transferee is aware that the sale to it is
being made in reliance on Rule 144A. The Transferee is acquiring the
Transferred Certificates for its own account or for the account of another
Qualified Institutional Buyer, and understands that such Transferred
Certificates may be resold, pledged or transferred only (a) to a person
reasonably believed to be a Qualified Institutional Buyer that purchases
for its own account or for the account of another Qualified Institutional
Buyer to whom notice is given that the resale, pledge or transfer is being
made in reliance on Rule 144A, or (b) pursuant to another exemption from
registration under the 1933 Act.
2. The Transferee has been furnished with all information regarding
(a) the Depositor, (b) the Transferred Certificates and distributions
thereon, (c) the nature, performance and servicing of the Mortgage Loans,
(d) the Pooling and Servicing Agreement and the Trust created pursuant
thereto, (e) any credit enhancement mechanism associated with the
Transferred Certificate, and (f) all related matters, that it has
requested.
3. If the Transferee proposes that the Transferred Certificates be
registered in the name of a nominee, such nominee has completed the
Nominee Acknowledgment below.
Very truly yours,
--------------------------------------
(Transferor)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
Nominee Acknowledgment
The undersigned hereby acknowledges and agrees that as to the Transferred
Certificates being registered in its name, the sole beneficial owner thereof is
and shall be the Transferee identified above, for whom the undersigned is acting
as nominee.
--------------------------------------
(Nominee)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
ANNEX 1 TO EXHIBIT G-2A
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees Other Than Registered Investment Companies]
The undersigned hereby certifies as follows to [__________________] (the
"Transferor") and The Bank of New York, as Trustee, with respect to the mortgage
pass-through certificates (the "Transferred Certificates") described in the
Transferee certificate to which this certification relates and to which this
certification is an Annex:
1. As indicated below, the undersigned is the chief financial officer, a
person fulfilling an equivalent function, or other executive officer of the
entity purchasing the Transferred Certificates (the "Transferee").
2. The Transferee is a "qualified institutional buyer" as that term is
defined in Rule 144A ("Rule 144A") under the Securities Act of 1933, as amended,
because (i) the Transferee owned and/or invested on a discretionary basis
$______________________(1) in securities (other than the excluded securities
referred to below) as of the end of the Transferee's most recent fiscal year
(such amount being calculated in accordance with Rule 144A) and (ii) the
Transferee satisfies the criteria in the category marked below.
--------
(1) Transferee must own and/or invest on a discretionary basis at least
$100,000,000 in securities unless Transferee is a dealer, and, in that case,
Transferee must own and/or invest on a discretionary basis at least $10,000,000
in securities.
___ Corporation, etc. The Transferee is a corporation (other than a
bank, savings and loan association or similar institution),
Massachusetts or similar business trust, partnership, or any
organization described in Section 501(c)(3) of the Internal Revenue
Code of 1986.
___ Bank. The Transferee (a) is a national bank or a banking institution
organized under the laws of any state, U.S. territory or the
District of Columbia, the business of which is substantially
confined to banking and is supervised by the state or territorial
banking commission or similar official or is a foreign bank or
equivalent institution, and (b) has an audited net worth of at least
$25,000,000 as demonstrated in its latest annual financial
statements, a copy of which is attached hereto, as of a date not
more than 16 months preceding the date of sale of the Transferred
Certificates in the case of a U.S. bank, and not more than 18 months
preceding such date of sale in the case of a foreign bank or
equivalent institution.
___ Savings and Loan. The Transferee (a) is a savings and loan
association, building and loan association, cooperative bank,
homestead association or similar institution, which is supervised
and examined by a state or federal authority having supervision over
any such institutions, or is a foreign savings and loan association
or equivalent institute and (b) has an audited net worth of at least
$25,000,000 as demonstrated in its latest annual financial
statements, a copy of which is attached hereto, as of a date not
more than 16 months preceding the date of sale of the Transferred
Certificates in the case of a U.S. savings and loan association, and
not more than 18 months preceding such date of sale in the case of a
foreign savings and loan association or equivalent institution.
___ Broker-dealer. The Transferee is a dealer registered pursuant to
Section 15 of the Securities Exchange Act of 1934, as amended.
___ Insurance Company. The Transferee is an insurance company whose
primary and predominant business activity is the writing of
insurance or the reinsuring of risks underwritten by insurance
companies and which is subject to supervision by the insurance
commissioner or a similar official or agency of a state, U.S.
territory or the District of Columbia.
___ State or Local Plan. The Transferee is a plan established and
maintained by a state, its political subdivisions, or any agency or
instrumentality of the state or its political subdivisions, for the
benefit of its employees.
___ ERISA Plan. The Transferee is an employee benefit plan within the
meaning of Title I of the Employee Retirement Income Security Act of
1974.
___ Investment Advisor. The Transferee is an investment advisor
registered under the Investment Advisers Act of 1940.
___ Other. (Please supply a brief description of the entity and a
cross-reference to the paragraph and subparagraph under subsection
(a)(1) of Rule 144A pursuant to which it qualifies. Note that
registered investment companies should complete Annex 2 rather than
this Annex 1.)
3. The term "securities" as used herein does not include (i) securities of
issuers that are affiliated with the Transferee, (ii) securities that are part
of an unsold allotment to or subscription by the Transferee, if the Transferee
is a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan
participations, (v) repurchase agreements, (vi) securities owned but subject to
a repurchase agreement and (vii) currency, interest rate and commodity swaps.
For purposes of determining the aggregate amount of securities owned and/or
invested on a discretionary basis by the Transferee, the Transferee did not
include any of the securities referred to in this paragraph.
4. For purposes of determining the aggregate amount of securities owned
and/or invested on a discretionary basis by the Transferee, the Transferee used
the cost of such securities to the Transferee, unless the Transferee reports its
securities holdings in its financial statements on the basis of their market
value, and no current information with respect to the cost of those securities
has been published, in which case the securities were valued at market. Further,
in determining such aggregate amount, the Transferee may have included
securities owned by subsidiaries of the Transferee, but only if such
subsidiaries are consolidated with the Transferee in its financial statements
prepared in accordance with generally accepted accounting principles and if the
investments of such subsidiaries are managed under the Transferee's direction.
However, such securities were not included if the Transferee is a
majority-owned, consolidated subsidiary of another enterprise and the Transferee
is not itself a reporting company under the Securities Exchange Act of 1934, as
amended.
5. The Transferee is familiar with Rule 144A and understands that the
Transferor and other parties related to the Transferred Certificates are relying
and will continue to rely on the statements made herein because one or more
sales to the Transferee may be in reliance on Rule 144A.
____ ____ Will the Transferee be purchasing the
Yes No Transferred Certificates only for the
Transferee's own account?
6. If the answer to the foregoing question is "no," then in each case
where the Transferee is purchasing for an account other than its own, such
account belongs to a third party that is itself a "qualified institutional
buyer" within the meaning of Rule 144A, and the "qualified institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.
7. The Transferee will notify each of the parties to which this
certification is made of any changes in the information and conclusions herein.
Until such notice is given, the Transferee's purchase of the Transferred
Certificates will constitute a reaffirmation of this certification as of the
date of such purchase. In addition, if the Transferee is a bank or savings and
loan as provided above, the Transferee agrees that it will furnish to such
parties any updated annual financial statements that become available on or
before the date of such purchase, promptly after they become available.
--------------------------------------
Print Name of Transferee
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
Date:
---------------------------------
ANNEX 2 TO EXHIBIT G-2A
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[For Transferees That Are Registered Investment Companies]
The undersigned hereby certifies as follows to [_________________] (the
"Transferor") and The Bank of New York, as Trustee, with respect to the mortgage
pass-through certificates (the "Transferred Certificates") described in the
Transferee certificate to which this certification relates and to which this
certification is an Annex:
1. As indicated below, the undersigned is the chief financial officer, a
person fulfilling an equivalent function, or other executive officer of the
entity purchasing the Transferred Certificates (the "Transferee") or, if the
Transferee is a "qualified institutional buyer" as that term is defined in Rule
144A ("Rule 144A") under the Securities Act of 1933, as amended, because the
Transferee is part of a Family of Investment Companies (as defined below), is an
executive officer of the investment adviser (the "Adviser").
2. The Transferee is a "qualified institutional buyer" as defined in Rule
144A because (i) the Transferee is an investment company registered under the
Investment Company Act of 1940, and (ii) as marked below, the Transferee alone
owned and/or invested on a discretionary basis, or the Transferee's Family of
Investment Companies owned, at least $100,000,000 in securities (other than the
excluded securities referred to below) as of the end of the Transferee's most
recent fiscal year. For purposes of determining the amount of securities owned
by the Transferee or the Transferee's Family of Investment Companies, the cost
of such securities was used, unless the Transferee or any member of the
Transferee's Family of Investment Companies, as the case may be, reports its
securities holdings in its financial statements on the basis of their market
value, and no current information with respect to the cost of those securities
has been published, in which case the securities of such entity were valued at
market.
____ The Transferee owned and/or invested on a discretionary basis
$____________________ in securities (other than the excluded
securities referred to below) as of the end of the Transferee's most
recent fiscal year (such amount being calculated in accordance with
Rule 144A).
____ The Transferee is part of a Family of Investment Companies which
owned in the aggregate $__________________ in securities (other than
the excluded securities referred to below) as of the end of the
Transferee's most recent fiscal year (such amount being calculated
in accordance with Rule 144A).
3. The term "Family of Investment Companies" as used herein means two or
more registered investment companies (or series thereof) that have the same
investment adviser or investment advisers that are affiliated (by virtue of
being majority owned subsidiaries of the same parent or because one investment
adviser is a majority owned subsidiary of the other).
4. The term "securities" as used herein does not include (i) securities of
issuers that are affiliated with the Transferee or are part of the Transferee's
Family of Investment Companies, (ii) bank deposit notes and certificates of
deposit, (iii) loan participations, (iv) repurchase agreements, (v) securities
owned but subject to a repurchase agreement and (vi) currency, interest rate and
commodity swaps. For purposes of determining the aggregate amount of securities
owned and/or invested on a discretionary basis by the Transferee, or owned by
the Transferee's Family of Investment Companies, the securities referred to in
this paragraph were excluded.
5. The Transferee is familiar with Rule 144A and understands that the
Transferor and other parties related to the Transferred Certificates are relying
and will continue to rely on the statements made herein because one or more
sales to the Transferee will be in reliance on Rule 144A.
____ ____ Will the Transferee be purchasing the
Yes No Transferred Certificates only for the
Transferee's own account?
6. If the answer to the foregoing question is "no," then in each case
where the Transferee is purchasing for an account other than its own, such
account belongs to a third party that is itself a "qualified institutional
buyer" within the meaning of Rule 144A, and the "qualified institutional buyer"
status of such third party has been established by the Transferee through one or
more of the appropriate methods contemplated by Rule 144A.
7. The undersigned will notify the parties to which this certification is
made of any changes in the information and conclusions herein. Until such
notice, the Transferee's purchase of the Transferred Certificates will
constitute a reaffirmation of this certification by the undersigned as of the
date of such purchase.
--------------------------------------
Print Name of Transferee or Adviser
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
IF AN ADVISER:
--------------------------------------
Print Name of Transferee
By:
-----------------------------------
Date:
---------------------------------
EXHIBIT G-2B
FORM II OF TRANSFEREE CERTIFICATE
FOR TRANSFERS OF PRIVATE CERTIFICATES
[Date]
The Bank of New York
0 Xxxx Xxxxx - 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Bank of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2002-C, Class ___,
having an initial aggregate Certificate Principal
Balance as of April 25, 2002 of $_________
Ladies and Gentlemen:
This letter is delivered to you in connection with the transfer by
[_______________________] (the "Transferor") to [______________________________]
(the "Transferee") of the captioned Certificates (the "Transferred
Certificates"), pursuant to Section 6.02 of the Pooling and Servicing Agreement
(the "Pooling and Servicing Agreement"), dated April 25, 2002, among Bank of
America Mortgage Securities, Inc., as Depositor, Bank of America, N.A., as
Servicer, and The Bank of New York, as Trustee. All capitalized terms used
herein and not otherwise defined shall have the respective meanings set forth in
the Pooling and Servicing Agreement. The Transferor hereby certifies, represents
and warrants to you, as Trustee, that:
1. Transferee is acquiring the Transferred Certificates for its own
account for investment and not with a view to or for sale or transfer in
connection with any distribution thereof, in whole or in part, in any manner
which would violate the Securities Act of 1933, as amended (the "1933 Act"), or
any applicable state securities laws.
2. Transferee understands that (a) the Transferred Certificates have not
been and will not be registered under the 1933 Act or registered or qualified
under any applicable state securities laws, (b) neither the Depositor nor the
Trustee is obligated so to register or qualify the Transferred Certificates and
(c) neither the Transferred Certificates nor any security issued in exchange
therefor or in lieu thereof may be resold or transferred unless such resale or
transfer is exempt from the registration requirements of the 1933 Act and any
applicable state securities laws or is made in accordance with the 1933 Act and
laws, in which case (i) unless the transfer is made in reliance on Rule 144A
under the 1933 Act, the Trustee or the Depositor may require a written Opinion
of Counsel (which may be in-house counsel) acceptable to and in form and
substance reasonably satisfactory to the Trustee and the Depositor that such
transfer may be made pursuant to an exemption, describing the applicable
exemption and the basis therefor, from the 1933 Act and such laws or is being
made pursuant to the 1933 Act and such laws, which Opinion of Counsel shall not
be an expense of the Trustee or the Depositor and (ii) the Trustee shall require
a certificate from the Certificateholder desiring to effect such transfer
substantially in the form attached to the Pooling and Servicing Agreement as
Exhibit G-1 and a certificate from such Certificateholder's prospective
transferee substantially in the form attached to the Pooling and Servicing
Agreement either as Exhibit G-2A or as Exhibit G-2B, which certificates shall
not be an expense of the Trustee or the Depositor; provided that the foregoing
requirements under clauses (i) and (ii) shall not apply to a transfer of a
Private Certificate between or among the Depositor, the Seller, their affiliates
or both.
3. The Transferee understands that it may not sell or otherwise transfer
the Transferred Certificates, any security issued in exchange therefor or in
lieu thereof or any interest in the foregoing except in compliance with the
provisions of Section 6.02 of the Pooling and Servicing Agreement, which
provisions it has carefully reviewed, and that the Transferred Certificates will
bear legends substantially to the following effect:
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE "1933 ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE
WITHOUT REGISTRATION THEREOF UNDER THE 1933 ACT MAY ONLY BE MADE IN A
TRANSACTION EXEMPTED FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT
AND IN ACCORDANCE WITH THE PROVISIONS OF THE POOLING AND SERVICING
AGREEMENT REFERENCED HEREIN.
UNDER CURRENT LAW THE PURCHASE AND HOLDING OF THIS CERTIFICATE BY OR ON
BEHALF OF ANY EMPLOYEE BENEFIT PLAN OR ARRANGEMENT, INCLUDING AN
INDIVIDUAL RETIREMENT ACCOUNT, SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA"), THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"), OR ANY FEDERAL, STATE OR LOCAL LAW
("SIMILAR LAW") WHICH IS SIMILAR TO ERISA OR THE CODE (COLLECTIVELY, A
"PLAN"), MAY RESULT IN "PROHIBITED TRANSACTIONS" WITHIN THE MEANING OF
ERISA, THE CODE OR SIMILAR LAW. TRANSFER OF THIS CERTIFICATE WILL NOT BE
MADE UNLESS THE TRANSFEREE DELIVERS TO THE TRUSTEE EITHER (I) A
REPRESENTATION LETTER, IN FORM AND SUBSTANCE SATISFACTORY TO THE TRUSTEE,
STATING THAT (A) IT IS NOT, AND IS NOT ACTING ON BEHALF OF, ANY SUCH PLAN
OR USING THE ASSETS OF ANY SUCH PLAN TO EFFECT SUCH PURCHASE OR (B) IF IT
IS AN INSURANCE COMPANY, THAT THE SOURCE OF FUNDS USED TO PURCHASE THIS
CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (AS SUCH TERM IS
DEFINED IN SECTION V(E) OF PROHIBITED TRANSACTION CLASS EXEMPTION 95-60
("PTE 95-60"), 60 FED. REG. 35925 (JULY 12, 1995)), THERE IS NO BENEFIT
PLAN WITH RESPECT TO WHICH THE AMOUNT OF SUCH GENERAL ACCOUNT'S RESERVES
AND LIABILITIES FOR THE CONTRACT(S) HELD BY OR ON BEHALF OF SUCH BENEFIT
PLAN AND ALL OTHER BENEFIT PLANS MAINTAINED BY THE SAME EMPLOYER (OR
AFFILIATE THEREOF AS DEFINED IN SECTION V(A)(1) OF PTE 95-60) OR BY THE
SAME EMPLOYEE ORGANIZATION EXCEEDS 10% OF THE TOTAL OF ALL RESERVES AND
LIABILITIES OF SUCH GENERAL ACCOUNT (AS SUCH AMOUNTS ARE DETERMINED UNDER
SECTION I(A) OF PTE 95-60) AT THE DATE OF ACQUISITION AND ALL PLANS THAT
HAVE AN INTEREST IN SUCH GENERAL ACCOUNT ARE PLANS TO WHICH PTE 95-60
APPLIES, OR (II) AN OPINION OF COUNSEL, IN FORM AND SUBSTANCE SATISFACTORY
TO THE TRUSTEE AND THE SERVICER, TO THE EFFECT THAT THE PURCHASE OR
HOLDING OF THIS CERTIFICATE BY OR ON BEHALF OF SUCH PLAN WILL NOT RESULT
IN THE ASSETS OF THE TRUST BEING DEEMED TO BE "PLAN ASSETS" AND SUBJECT TO
THE PROHIBITED TRANSACTION PROVISIONS OF ERISA, THE CODE OR SIMILAR LAW
AND WILL NOT SUBJECT THE DEPOSITOR, THE SERVICER OR THE TRUSTEE TO ANY
OBLIGATION IN ADDITION TO THOSE UNDERTAKEN IN THE POOLING AND SERVICING
AGREEMENT. EACH PERSON WHO ACQUIRES THIS CERTIFICATE OR ANY INTEREST
THEREIN SHALL BE DEEMED TO HAVE MADE THE REPRESENTATIONS REQUIRED BY THE
REPRESENTATION LETTER REFERRED TO IN THE PRECEDING SENTENCE UNLESS SUCH
PERSON SHALL HAVE PROVIDED SUCH REPRESENTATION LETTER OR THE OPINION OF
COUNSEL REFERRED TO IN THE PRECEDING SENTENCE TO THE TRUSTEE. THE POOLING
AND SERVICING AGREEMENT PROVIDES THAT ANY ATTEMPTED OR PURPORTED TRANSFER
IN VIOLATION OF THESE TRANSFER RESTRICTIONS WILL BE NULL AND VOID AND WILL
VEST NO RIGHTS IN ANY PURPORTED TRANSFEREE.
4. Neither the Transferee nor anyone acting on its behalf has (a) offered,
transferred, pledged, sold or otherwise disposed of any Transferred Certificate,
any interest in a Transferred Certificate or any other similar security to any
person in any manner, (b) solicited any offer to buy or accept a transfer,
pledge or other disposition of any Transferred Certificate, any interest in a
Transferred Certificate or any other similar security from any person in any
manner, (c) otherwise approached or negotiated with respect to any Transferred
Certificate, any interest in a Transferred Certificate or any other similar
security with any person in any manner, (d) made any general solicitation by
means of general advertising or in any other manner, or (e) taken any other
action, that (in the case of any of the acts described in clauses (a) through
(e) above) would constitute a distribution of the Transferred Certificates under
the 1933 Act, would render the disposition of the Transferred Certificates a
violation of Section 5 of the 1933 Act or any state securities law or would
require registration or qualification of the Transferred Certificates pursuant
thereto. The Transferee will not act, nor has it authorized nor will it
authorize any person to act, in any manner set forth in the foregoing sentence
with respect to the Transferred Certificates, any interest in the Transferred
Certificates or any other similar security.
5. The Transferee has been furnished with all information regarding (a)
the Depositor, (b) the Transferred Certificates and distributions thereon, (c)
nature, performance and servicing of the Mortgage Loans., (d) the Pooling and
Servicing Agreement and the Trust created pursuant thereto, (e) any credit
enhancement mechanism associated with the Transferred Certificates, and (f) all
related matters, that it has requested.
6. The Transferee is an "accredited investor" within the meaning of
paragraph (1), (2), (3) or (7) of Rule 501 (a) under the 1933 Act or an entity
in which all the equity owners come within such paragraphs and has such
knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of an investment in the Transferred
Certificates; the Transferee has sought such accounting, legal and tax advice as
it has considered necessary to make an informed investment decision; and the
Transferee is able to bear the economic risks of such an investment and can
afford a complete loss of such investment.
7. If the Transferee proposes that the Transferred Certificates be
registered in the name of a nominee, such nominee has completed the Nominee
Acknowledgment below.
Very truly yours,
--------------------------------------
(Transferee)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
Date:
--------------------------------
Nominee Acknowledgment
The undersigned hereby acknowledges and agrees that as to the Transferred
Certificates being registered in its name, the sole beneficial owner thereof is
and shall be the Transferee identified above, for whom the undersigned is acting
as nominee.
--------------------------------------
(Nominee)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
EXHIBIT H
FORM OF TRANSFEREE REPRESENTATION LETTER
FOR BENEFIT PLAN-RESTRICTED CERTIFICATES
The Bank of New York
0 Xxxx Xxxxx - 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Re: Bank of America Mortgage Securities, Inc., Mortgage
Pass-Through Certificates, Series 2002-C, Class ___,
having an initial aggregate Certificate Principal
Balance as of April 25, 2002 of $_________
Ladies and Gentlemen:
This letter is delivered to you in connection with the transfer by
[_______________________] (the "Transferor") to [______________________________]
(the "Transferee") of the captioned Certificates (the "Transferred
Certificates"), pursuant to Section 6.02 of the Pooling and Servicing Agreement
(the "Pooling and Servicing Agreement"), dated April 25, 2002, among Bank of
America Mortgage Securities, Inc., as Depositor, Bank of America, N.A., as
Servicer, and The Bank of New York, as Trustee. All capitalized terms used
herein and not otherwise defined shall have the respective meanings set forth in
the Pooling and Servicing Agreement.
The Transferee hereby certifies, represents and warrants to you, as
Trustee, either that:
(a) it is not, and is not acting on behalf of, an employee benefit plan or
arrangement, including an individual retirement account, subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), the Internal
Revenue Code of 1986, as amended (the "Code"), or any federal, state or local
law ("Similar Law") which is similar to ERISA or the Code (collectively, a
"Plan"), and it is not using the assets of any such Plan to effect the purchase
of the Transferred Certificates; or
(b) it is an insurance company and the source of funds used to purchase
the Transferred Certificates is an "insurance company general account" (as
defined in Section V(e) of Prohibited Transaction Class Exemption 95-60 ("PTE
95-60"), 60 Fed. Reg. 35925 (July 12, 1995)), there is no Plan with respect to
which the amount of such general account's reserves and liabilities for the
contract(s) held by or on behalf of such Plan and all other Plans maintained by
the same employer (or affiliate thereof as defined in Section V(a)(1) of PTE
95-60) or by the same employee organization exceeds 10% of the total of all
reserves and liabilities of such general account (as such amounts are determined
under Section I(a) of PTE 95-60) at the date of acquisition and all Plans that
have an interest in such general account are Plans to which PTE 95-60 applies.
Capitalized terms used in and not otherwise defined herein shall have the
meaning assigned to them in the Pooling and Servicing Agreement.
Very truly yours,
--------------------------------------
(Transferee)
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
Date:
--------------------------------
EXHIBIT I
FORM OF AFFIDAVIT REGARDING TRANSFER OF
RESIDUAL CERTIFICATE PURSUANT TO SECTION 6.02
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates,
Series 2002-C
STATE OF )
) ss:
COUNTY OF )
The undersigned, being first duly sworn, deposes and says as follows:
1. The undersigned is an officer of _______________________________, the
proposed transferee (the "Transferee") of the Class A-R Certificate (the
"Residual Certificate") issued pursuant to the Pooling and Servicing Agreement,
dated April 25, 2002, (the "Agreement"), relating to the above-referenced
Series, by and among Bank of America Mortgage Securities, Inc., as depositor
(the "Depositor"), Bank of America, N.A., as servicer, and The Bank of New York,
as trustee. Capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in the Agreement. The Transferee has authorized
the undersigned to make this affidavit on behalf of the Transferee.
2. The Transferee is, as of the date hereof, and will be, as of the date
of the transfer, a Permitted Transferee. The Transferee is acquiring the
Residual Certificate either (i) for its own account or (ii) as nominee, trustee
or agent for another Person who is a Permitted Transferee and has attached
hereto an affidavit from such Person in substantially the same form as this
affidavit. The Transferee has no knowledge that any such affidavit is false.
3. The Transferee has been advised of, and understands that (i) a tax will
be imposed on Transfers of the Residual Certificate to Persons that are not
Permitted Transferees; (ii) such tax will be imposed on the transferor, or, if
such transfer is through an agent (which includes a broker, nominee or
middleman) for a Person that is not a Permitted Transferee, on the agent; and
(iii) the Person otherwise liable for the tax shall be relieved of liability for
the tax if the subsequent Transferee furnished to such Person an affidavit that
such subsequent Transferee is a Permitted Transferee and, at the time of
transfer, such Person does not have actual knowledge that the affidavit is
false.
4. The Transferee has been advised of, and understands that a tax will be
imposed on a "pass-through entity" holding the Certificate if at any time during
the taxable year of the pass-through entity a Person that is not a Permitted
Transferee is the record Holder of an interest in such entity. The Transferee
understands that, other than in the case of an "electing large partnership"
under Section 775 of the Code, such tax will not be imposed for any period with
respect to which the record Holder furnishes to the pass-through entity an
affidavit that such record Holder is a Permitted Transferee and the pass-through
entity does not have actual knowledge that such affidavit is false. (For this
purpose, a "pass-through entity" includes a regulated investment company, a real
estate investment trust or common trust fund, a partnership, trust or estate,
and certain cooperatives and, except as may be provided in Treasury Regulations,
persons holding interests in pass-through entities as a nominee for another
Person.)
5. The Transferee has reviewed the provisions of Section 6.02 of the
Agreement and understands the legal consequences of the acquisition of the
Residual Certificate including, without limitation, the restrictions on
subsequent Transfers and the provisions regarding voiding the transfer and
mandatory sales. The Transferee expressly agrees to be bound by and to abide by
the provisions of Section 6.02 of the Agreement and the restrictions noted on
the face of the Certificate. The Transferee understands and agrees that any
breach of any of the representations included herein shall render the transfer
to the Transferee contemplated hereby null and void.
6. The Transferee agrees to require a transfer affidavit in the form of
this Affidavit from any Person to whom the Transferee attempts to transfer the
Residual Certificate, and in connection with any transfer by a Person for whom
the Transferee is acting as nominee, trustee or agent, and the Transferee will
not transfer the Residual Certificate or cause the Residual Certificate to be
transferred to any Person that the Transferee knows is not a Permitted
Transferee.
7. The Transferee historically has paid its debts as they have
become due.
8. The Transferee does not have the intention to impede the assessment or
collection of any tax legally required to be paid with respect to the Residual
Certificate.
9. The Transferee's taxpayer identification number is
________________________.
10. The Transferee is a U.S. Person as defined in Code Section
7701(a)(30).
11. The Transferee is aware that the Residual Certificate may be a
"noneconomic residual interest" within the meaning of proposed Treasury
Regulations promulgated pursuant to the Code and that the transferor of a
noneconomic residual interest will remain liable for any taxes due with respect
to the income on such residual interest, unless no significant purpose of the
transfer was to impede the assessment or collection of tax. The Transferee
understands that it may incur tax liabilities with respect to the Residual
Certificate in excess of cash flows generated thereby, and agrees to pay taxes
associated with holding the Residual Certificate as such taxes become due.
12. The Transferee is not an employee benefit plan or arrangement,
including an individual retirement account, subject to ERISA, the Code or any
federal, state or local law which is similar to ERISA or the Code, and the
Transferee is not acting on behalf of such a plan or arrangement.
* * *
IN WITNESS WHEREOF, the Transferee has caused this instrument to be
executed on its behalf, pursuant to authority of its Board of Directors, by its
duly authorized officer this _____ day of ________________, ____.
--------------------------------------
Print Name of Transferee
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
Personally appeared before me the above-named ___________________________,
known or proved to me to be the same person who executed the foregoing
instrument and to be the _______________________ of the Transferee, and
acknowledged that he executed the same as his free act and deed and the free act
and deed of the Transferee.
Subscribed and sworn before me this _____ day of _______________________,
____
--------------------------------------
NOTARY PUBLIC
My Commission expires the ____ day of
______________, ____
EXHIBIT J
CONTENTS OF THE SERVICER MORTGAGE FILE
1. Copies of Mortgage Loans Documents.
2. Residential loan application.
3. Mortgage Loan closing statement.
4. Verification of employment and income, if required.
5. Verification of acceptable evidence of source and amount of downpayment.
6. Credit report on Mortgagor, in a form acceptable to either FNMA or
FHLMC.
7. Residential appraisal report.
8. Photograph of the Mortgaged Property.
9. Survey of the Mortgaged Property, unless a survey is not required by
the title insurer.
10. Copy of each instrument necessary to complete identification of any
exception set forth in the exception schedule in the title policy,
i.e., map or plat, restrictions, easements, home owner association
declarations, etc.
11. Copies of all required disclosure statements.
12. If applicable, termite report, structural engineer's report, water
potability and septic certification.
13. Sales Contract, if applicable.
14. The Primary Insurance Policy or certificate of insurance or an electronic
notation of the existence of such policy, where required pursuant to the
Agreement.
15. Evidence of electronic notation of the hazard insurance policy, and if
required by law, evidence of the flood insurance policy.
EXHIBIT K
FORM OF SPECIAL SERVICING AGREEMENT
This Special Servicing Agreement (the "Agreement") is made and
entered into as of ___________________, between Bank of America, N.A. (the
"Servicer") and ___________________ (the "Loss Mitigation Advisor ").
PRELIMINARY STATEMENT
_________________ (the "Purchaser") is the holder of the entire interest
in Bank of America Mortgage Securities, Inc.; Mortgage Pass-Through
Certificates, Series ______, Class ____ (the "Class B Certificates"). The Class
B Certificates were issued pursuant to a Pooling and Servicing Agreement dated
___________________among Bank of America Mortgage Securities, Inc., as depositor
(the "Depositor"), the Servicer, and The Bank of New York, as Trustee.
The Purchaser has requested the Servicer to engage the Loss
Mitigation Advisor, at the Purchaser's expense, to assist the Servicer with
respect to default management and reporting situations for the benefit of the
Purchaser.
In consideration of the mutual agreements herein contained, the
receipt and sufficiency of which are hereby acknowledged, the Servicer hereby
engages the Loss Mitigation Advisor to provide advice in connection with default
management and reporting situations with respect to defaulted loans, including
providing to the Servicer recommendations with respect to foreclosures, the
acceptance of so-called short payoffs, deeds in lieu of or in aid of foreclosure
and deficiency notes, as well as with respect to the sale of REO properties. The
Loss Mitigation Advisor hereby accepts such engagement, and acknowledges that
its fees will be paid by the Purchaser and not the Servicer, and that it will
not look to the Servicer for financial remuneration. It is the intent of the
parties to this Agreement that the services of the Loss Mitigation Advisor are
provided without fee to the Servicer for the benefit of the Purchaser for the
life 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 or (ii)
a day on which banking institutions in the State of New York are required or
authorized by law or executive order to be closed.
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.
Delay of Foreclosure: The postponement for more than three Business
Days of the scheduled sale of Mortgaged Property to obtain satisfaction of a
Mortgage Loan.
Loss Mitigation Advisor: ______________.
Purchaser: _______________________, or the holder of record of
the Class B Certificates.
Short Payoff: Liquidation of a Mortgage Loan at less than the full
amount of the outstanding balance of the Mortgage Loan plus advances and costs
through a negotiated settlement with the borrower, which may include a
deed-in-lieu of foreclosure or sale of the property or of the promissory note
secured by the collateral property to a third party, in either case with or
without a contribution toward any resulting deficiency by the borrower.
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 Agreements.
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 Servicer shall use reasonable efforts to provide to the Loss
Mitigation Advisor with the following notices and reports. All such notices and
reports may be sent to the Loss Mitigation Advisor by telecopier, electronic
mail, express mail or regular mail.
(i) The Servicer shall within five Business Days after each
Distribution Date either: (A) provide to the Loss Mitigation Advisor a
written or electronic report, using the same methodology and calculations
as in its standard servicing reports, indicating for the trust fund formed
by the Pooling and Servicing Agreement, the number of Mortgage Loans that
are (1) sixty days delinquent, (2) ninety days or more delinquent, (3) in
foreclosure or (4) real estate owned (REO), and indicating for each such
Mortgage Loan the loan number, whether the loan is in bankruptcy or paying
under the terms of a repayment plan, the reason for default, and
outstanding principal balance; or (B) provide the information detailed in
(A) to a data service provider of the Loss Mitigation Advisor's choice in
an electronic format acceptable to that data service provider. Provision
of the information to a service provider other than that specified by the
Loss Mitigation Advisor is acceptable.
(ii) Prior to a Delay of Foreclosure in connection with any Mortgage
Loan, the Servicer shall provide the Loss Mitigation Advisor with a notice
of such proposed and imminent delay, stating the loan number, the
aggregate amount owing under the Mortgage Loan, and the reason and
justification for delaying foreclosure action. All notices and supporting
documentation pursuant to this subsection may be provided via telecopier,
express mail or electronic mail.
(iii) Prior to accepting any Short Payoff in connection with any
Mortgage Loan, the Servicer shall provide the Loss Mitigation Advisor with
a notice of such proposed and imminent Short Payoff, stating the loan
number, the aggregate amount owing under the Mortgage Loan, and the
justification for accepting the proposed Short Payoff. Such notice may be
sent by telecopier, express mail, electronic mail or regular mail.
(iv) Within five (5) business days of each Distribution Date, the
Servicer shall provide the Loss Mitigation Advisor with a report listing
each loan that has resulted in a realized loss that has been reported to
the trustee. Such report shall specify the loan number, the outstanding
principal balance of the loan upon its liquidation, the realized loss, and
the following components of realized loss: foreclosure costs, advances,
mortgage insurance proceeds, marketing and property rehabilitation costs,
and other costs. Such report may be provided by telecopier, express mail,
regular mail or electronic mail. The Loss Mitigation Advisor shall have at
least ten (10) business days in which to respond with reasonable questions
or requests for additional information regarding the amounts reported as
realized losses, and the Servicer shall within five (5) business days of
receipt of the Loss Mitigation Advisor's questions or additional
information requests provide responses to such questions and requests.
(v) Within five (5) business days of receipt by the Servicer of an
offer to acquire an REO property at an amount that is more than 15% below
the most recent market valuation of that property obtained by the Servicer
(or if no such valuation has been obtained, the appraisal used in
connection with the originating of the related Mortgage Loan), the
Servicer shall notify the Loss Mitigation Advisor of such offer and shall
provide a justification for accepting such offer, if that is the
Servicer's recommendation.
(vi) Within five (5) business days of receipt by the Servicer that a
claim filed for mortgage insurance, or any part thereof, has been rejected
by the mortgage insurance provider, the Servicer shall provide a copy of
the rejected claim with explanations for the item or items rejected to the
Loss Mitigation Advisor.
(vii) Within five (5) business days of providing the trustee with
any notice regarding a mortgage loan substitution, loan modification, or
loan repurchase, the Servicer shall provide the Loss Mitigation Advisor
with a copy of the notice.
(b) If requested by the Loss Mitigation Advisor, the Servicer shall
make its servicing personnel available during its normal business hours to
respond to reasonable inquiries, in writing by facsimile transmission, express
mail or electronic mail, by the Loss Mitigation Advisor in connection with any
Mortgage Loan identified in a report under subsection 2.01 (a)(i), (a)(ii),
(a)(iii) or (a)(iv) which has been given to the Loss Mitigation Advisor;
provided that the Servicer shall only be required to provide information that is
readily accessible to their servicing personnel.
(c) In addition to the foregoing, the Servicer shall provide to the
Loss Mitigation Advisor such information as the Loss Mitigation Advisor may
reasonably request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate owned, provided
that the Servicer shall only be required to provide information that is readily
accessible to its servicing personnel.
(d) With respect to all Mortgage Loans which are serviced at any
time by the Servicer through a subservicer, the Servicer shall be entitled to
rely for all purposes hereunder, including for purposes of fulfilling its
reporting obligations under this Section 2.01, on the accuracy and completeness
of any information provided to it by the applicable subservicer.
Section 2.02. Loss Mitigation Advisor's Recommendations
With Respect to Defaulted Loans.
(a) All parties to this Agreement acknowledge that the Loss
Mitigation Advisor's advice is made in the form of recommendations, and that the
Loss Mitigation Advisor does not have the right to direct the Servicer in
performing its duties under the Pooling and Servicing Agreement. The Servicer
may, after review and analysis of the Loss Mitigation Advisor's recommendation,
accept or reject it, in the Servicer's sole discretion, subject to the standards
of the Servicer to protect the interest of the Certificateholders set forth in
the Pooling and Servicing Agreement.
(b) Within two (2) business days of receipt of a notice of a
foreclosure delay, the Loss Mitigation Advisor shall provide the Servicer with a
recommendation regarding the delay, provided, however, that if additional
information is required on which to base a recommendation, the Loss Mitigation
Advisor shall notify the Servicer of the additional information needed within
the allotted time, and the Servicer shall promptly provide such information and
the Loss Mitigation Advisor shall then submit to the Servicer its
recommendation. The Loss Mitigation Advisor may recommend that additional
procedures be undertaken to further analyze the property, the borrower, or
issues related to the default or foreclosure. Such additional procedures may
include asset searches, property valuations, legal analysis or other procedures
that are warranted by the circumstances of the property, borrower or
foreclosure. The Loss Mitigation Advisor may recommend such other actions as are
warranted by the circumstances of the property, borrower or foreclosure.
(c) Within two (2) business days of receipt of a notice of a
proposed Short Payoff, the Loss Mitigation Advisor shall provide the Servicer
with a recommendation regarding the proposed Short Payoff, provided, however,
that if additional information is required on which to base a recommendation,
the Loss Mitigation Advisor shall notify the Servicer of the additional
information needed within two business days, and the Servicer shall promptly
provide such information and the Loss Mitigation Advisor shall then submit to
the Servicer its recommendation. The Loss Mitigation Advisor's recommendation
may take the form of concurring with the proposed Short Payoff, recommending
against such Short Payoff, with a justification provided, or proposing a
counteroffer.
(d) Within two (2) business days of receipt of a notice of an REO
sale at an amount that is more than 15% below the recent market valuation of
that property, the Loss Mitigation Advisor shall provide the Servicer with its
recommendation. The Loss Mitigation Advisor's recommendation may take the form
of concurring with the proposed below-market sale, recommending against such
below-market sale, or proposing a counteroffer.
Section 2.03. Termination.
(a) With respect to all Mortgage Loans included in a trust fund, the
Servicer's obligations under Section 2.01 and Section 2.02 shall terminate at
such time as the Certificate Principal Balances of the related Class B
Certificates have been reduced to zero.
(b) The Loss Mitigation Advisor's responsibilities under this
Agreement shall terminate upon the termination of the fee agreement between the
Purchaser or its successor and the Loss Mitigation Advisor. The Loss Mitigation
Advisor shall promptly notify the Servicer of the date of termination of such
fee agreement, but in no event later than 5:00 P.M., EST, on the effective date
thereof.
(c) Neither the Servicer nor any of its directors, officers,
employees or agents shall be under any liability for any action taken or for
refraining from the taking of any action in good faith pursuant to this
Agreement, or for errors in judgment; provided, however, that this provision
shall not protect the Servicer 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 or by reason of reckless disregard of
obligations and duties hereunder. The Servicer and the Loss Mitigation Advisor
and any director, officer, employee or agent thereof 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. Neither the Loss Mitigation
Advisor, its directors, officers, employees or agents shall be under any
liability for any actions taken by the Servicer based upon the recommendation
pursuant to this Agreement, provided they are made in good faith.
ARTICLE III
MISCELLANEOUS PROVISIONS
Section 3.01. Amendment.
This Agreement may be amended from time to time by the Servicer and
the Loss Mitigation Advisor by written agreement signed by the Servicer and the
Loss Mitigation Advisor.
Section 3.02. 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 3.03. 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 3.04. Notices.
All demands, notices and direction hereunder shall be in writing or
by telecopier and shall be deemed effective upon receipt to:
(a) in the case of the Servicer,
Bank of America, N.A.
000 Xxxxx Xxxxx Xxxxxx
Xxxxxxxxx, Xxxxx Xxxxxxxx 00000
Attn: Secondary Marketing with a copy to the General Counsel
or such other address as may hereafter be furnished in writing by the
Servicer,
(b) in the case of the Loss Mitigation Advisor,
_______________________
(c) in the case of the Purchaser:
_______________________
Section 3.05. 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.
Section 3.06. Successors and Assigns.
(a) The provisions of this Agreement shall be binding upon and inure
to the benefit of the respective successors and assigns of the parties hereto,
and all such provisions shall inure to the benefit of the Certificateholders.
(b) The Servicer shall notify the Loss Mitigation Advisor of the
assignment of its duties to any successor servicer within thirty (30) days prior
to such assignment, and shall provide the name, address, telephone number and
telecopier number for the successor to the Loss Mitigation Advisor.
Section 3.07. 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 3.08. Confidentiality.
The Servicer acknowledges the confidentiality of this Agreement and
will not release or republish its contents without the consent of the Loss
Mitigation Advisor except to the extent required by law, regulation or court
order.
The Loss Mitigation Advisor agrees that all information supplied by
or on behalf of the Servicer under this Agreement, is the property of the
Servicer. The Loss Mitigation Advisor shall keep in strictest confidence all
information relating to this Agreement, including, without limitation,
individual account information and other information supplied by or on behalf of
the Servicer pursuant to Section 2.01, and that information which may be
acquired in connection with or as a result of this Agreement. During the term of
this Agreement and at any time thereafter, without the prior written consent of
the Servicer, the Loss Mitigation Advisor shall not publish, communicate,
divulge, disclose or use any of such information. Upon termination or expiration
of this Agreement, the Loss Mitigation Advisor shall deliver all records, data,
information, and other documents and all copies thereof supplied by or on behalf
of the Servicer pursuant to Section 2.01 to the Servicer and such shall remain
the property of the Servicer.
Section 3.09. Independent Contractor.
In all matters relating to this Agreement, the Loss Mitigation
Advisor shall be acting as an independent contractor. Neither the Loss
Mitigation Advisor nor any employees of the Loss Mitigation Advisor are
employees or agents of the Servicer under the meaning or application of any
Federal or State Unemployment or Insurance Laws or Workmen's Compensation Laws,
or otherwise. The Loss Mitigation Advisor shall assume all liabilities or
obligations imposed by any one or more of such laws with respect to the
employees of the Loss Mitigation Advisor in the performance of this Agreement.
The Loss Mitigation Advisor shall not have any authority to assume or create any
obligation, express or implied, on behalf of the Servicer, and the Loss
Mitigation Advisor shall not have the authority to represent itself as an agent,
employee, or in any other capacity of the Servicer.
IN WITNESS WHEREOF, the Servicer and the Loss Mitigation Advisor
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.
Bank of America, N.A.
By:
--------------------------------
Name:
------------------------------
Title:
-----------------------------
Loss Mitigation Advisor
-----------------------
By:
--------------------------------
Name:
------------------------------
Title:
-----------------------------
PURCHASER'S ACKNOWLEDGEMENT AND AGREEMENT
Purchaser executes this agreement for the purpose of acknowledging the limited
obligations of the Servicer in respect of the Loss Mitigation Advisor's
recommendation, as described in Section 2.02(a) hereof and confirming to the
Servicer that (i) it shall be solely responsible for the payment of the fees of
the Loss Mitigation Advisor pursuant to the terms of an agreement between
Purchaser and Loss Mitigation Advisor dated _____________, 20__ and (ii)
Purchaser upon transfer of its interest in any of the Class B Certificates or
any part thereof will require its successor to consent to this Special Servicing
Agreement and to pay any of the fees due to the Loss Mitigation Advisor pursuant
to the agreement referenced in clause (i) above.
Purchaser
By:
-----------------------------------
Name:
---------------------------------
Title:
--------------------------------
EXHIBIT L
LIST OF RECORDATION STATES
Florida
Maryland
