MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. Depositor OCWEN LOAN SERVICING, LLC Servicer and Trustee POOLING AND SERVICING AGREEMENT Dated as of November 1, 2005 MASTR Asset Backed Securities Trust 2005-NC2 Mortgage Pass- Through Certificates...
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
Depositor
OCWEN LOAN SERVICING, LLC
Servicer
and
U.S. BANK NATIONAL ASSOCIATION
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of November 1, 2005
MASTR Asset Backed Securities Trust 2005-NC2
Mortgage Pass-Through Certificates
Series 2005-NC2
TABLE OF CONTENTS
ARTICLE I DEFINITIONS
SECTION 1.01. |
Defined Terms. |
SECTION 1.02. |
Allocation of Certain Interest Shortfalls. |
SECTION 1.03. |
Rights of the NIMS Insurer. |
ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
SECTION 2.01. |
Conveyance of the Mortgage Loans. |
SECTION 2.02. |
Acceptance of REMIC I by Trustee. |
SECTION 2.03. |
Repurchase or Substitution of Mortgage Loans by NC Capital or the Seller. |
SECTION 2.04. |
Reserved |
SECTION 2.05. |
Representations, Warranties and Covenants of the Servicer. |
SECTION 2.06. |
Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates. |
SECTION 2.07. |
Issuance of Class R Certificates and Class R-X Certificates. |
ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
SECTION 3.01. |
Servicer to Act as Servicer. |
SECTION 3.02. |
Sub-Servicing Agreements Between Servicer and Sub-Servicers. |
SECTION 3.03. |
Successor Sub-Servicers. |
SECTION 3.04. |
Liability of the Servicer. |
SECTION 3.05. |
No Contractual Relationship Between Sub-Servicers and the Trustee, the NIMS Insurer or Certificateholders. |
SECTION 3.06. |
Assumption or Termination of Sub-Servicing Agreements by Trustee. |
SECTION 3.07. |
Collection of Certain Mortgage Loan Payments. |
SECTION 3.08. |
Sub-Servicing Accounts. |
SECTION 3.09. |
Collection of Taxes, Assessments and Similar Items; Servicing Accounts. |
SECTION 3.10. |
Collection Account and Distribution Account. |
SECTION 3.11. |
Withdrawals from the Collection Account and Distribution Account. |
SECTION 3.12. |
Investment of Funds in the Collection Account and the Distribution Account. |
SECTION 3.13. |
[Reserved]. |
SECTION 3.14. |
Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage. |
SECTION 3.15. |
Enforcement of Due-On-Sale Clauses; Assumption Agreements. |
SECTION 3.16. |
Realization Upon Defaulted Mortgage Loans. |
SECTION 3.17. |
Trustee to Cooperate; Release of Mortgage Files. |
SECTION 3.18. |
Servicing Compensation. |
SECTION 3.19. |
Reports to the Trustee; Collection Account Statements. |
SECTION 3.20. |
Statement as to Compliance. |
SECTION 3.21. |
Independent Public Accountants’ Servicing Report. |
SECTION 3.22. |
Access to Certain Documentation. |
SECTION 3.23. |
Title, Management and Disposition of REO Property. |
SECTION 3.24. |
Obligations of the Servicer in Respect of Prepayment Interest Shortfalls. |
SECTION 3.25. |
Obligations of the Servicer in Respect of Mortgage Rates and Monthly Payments. |
SECTION 3.26. |
Advance Facility |
ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
SECTION 4.01. |
Distributions. |
SECTION 4.02. |
Statements to Certificateholders. |
SECTION 4.03. |
Remittance Reports; Advances. |
SECTION 4.04. |
Allocation of Realized Losses. |
SECTION 4.05. |
Compliance with Withholding Requirements |
SECTION 4.06. |
Exchange Commission; Additional Information. |
SECTION 4.07. |
Net WAC Rate Carryover Reserve Account. |
SECTION 4.08. |
Swap Account. |
SECTION 4.09. |
Tax Treatment of Swap Payments and Swap Termination Payments. |
ARTICLE V THE CERTIFICATES
SECTION 5.01. |
The Certificates. |
SECTION 5.02. |
Registration of Transfer and Exchange of Certificates. |
SECTION 5.03. |
Mutilated, Destroyed, Lost or Stolen Certificates. |
SECTION 5.04. |
Persons Deemed Owners. |
SECTION 5.05. |
Certain Available Information. |
ARTICLE VI THE DEPOSITOR AND THE SERVICER
SECTION 6.01. |
Liability of the Depositor and the Servicer. |
SECTION 6.02. |
Merger or Consolidation of the Depositor or the Servicer. |
SECTION 6.03. |
Limitation on Liability of the Depositor, the Servicer and Others. |
SECTION 6.04. |
Limitation on Resignation of the Servicer. |
SECTION 6.05. |
Rights of the Depositor in Respect of the Servicer. |
SECTION 6.06. |
Duties of the Credit Risk Manager. |
SECTION 6.07. |
Limitation Upon Liability of the Credit Risk Manager. |
SECTION 6.08. |
Removal of the Credit Risk Manager. |
ARTICLE VII DEFAULT
SECTION 7.01. |
Servicer Events of Default. |
SECTION 7.02. |
Trustee to Act; Appointment of Successor. |
SECTION 7.03. |
Notification to Certificateholders. |
SECTION 7.04. |
Waiver of Servicer Events of Default. |
SECTION 7.05. |
Survivability of Servicer Liabilities. |
ARTICLE VIII CONCERNING THE TRUSTEE
SECTION 8.01. |
Duties of Trustee |
SECTION 8.02. |
Certain Matters Affecting the Trustee |
SECTION 8.03. |
Trustee not Liable for Certificates or Mortgage Loans. |
SECTION 8.04. |
Trustee May Own Certificates. |
SECTION 8.05. |
Trustee’s Fees and Expenses. |
SECTION 8.06. |
Eligibility Requirements for Trustee |
SECTION 8.07. |
Resignation and Removal of the Trustee |
SECTION 8.08. |
Successor Trustee |
SECTION 8.09. |
Merger or Consolidation of Trustee. |
SECTION 8.10. |
Appointment of Co-Trustee or Separate Trustee. |
SECTION 8.11. |
Appointment of Office or Agency. |
SECTION 8.12. |
Representations and Warranties. |
ARTICLE IX TERMINATION
SECTION 9.01. |
Termination Upon Repurchase or Liquidation of All Mortgage Loans. |
SECTION 9.02. |
Additional Termination Requirements. |
ARTICLE X REMIC PROVISIONS
SECTION 10.01. |
REMIC Administration. |
SECTION 10.02. |
Prohibited Transactions and Activities. |
SECTION 10.03. |
Servicer and Trustee Indemnification. |
ARTICLE XI MISCELLANEOUS PROVISIONS
SECTION 11.01. |
Amendment. |
SECTION 11.02. |
Recordation of Agreement; Counterparts. |
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. |
Notice to Rating Agencies and the NIMS Insurer. |
SECTION 11.08. |
Article and Section References. |
SECTION 11.09. |
Grant of Security Interest. |
SECTION 11.10 |
Third Party Rights. |
Exhibits
Exhibit A-1 |
Form of Class A-1 Certificate |
Exhibit A-2 |
Form of Class A-2 Certificate |
Exhibit A-3 |
Form of Class A-3 Certificate |
Exhibit A-4 |
Form of Class A-4 Certificate |
Exhibit A-5 |
Form of Class M-1 Certificate |
Exhibit A-6 |
Form of Class M-2 Certificate |
Exhibit A-7 |
Form of Class M-3 Certificate |
Exhibit A-8 |
Form of Class M-4 Certificate |
Exhibit A-9 |
Form of Class M-5 Certificate |
Exhibit A-10 |
Form of Class M-6 Certificate |
Exhibit A-11 |
Form of Class M-7 Certificate |
Exhibit A-12 |
Form of Class M-8 Certificate |
Exhibit A-13 |
Form of Class M-9 Certificate |
Exhibit A-14 |
Form of Class M-10 Certificate |
Exhibit A-15 |
Form of Class M-11 Certificate |
Exhibit A-16 |
Form of Class M-12 Certificate |
Exhibit A-17 |
Form of Class CE Certificate |
Exhibit A-18 |
Form of Class P Certificate |
Exhibit A-19 |
Form of Class R Certificate |
Exhibit A-20 |
Form of Class R-X Certificate |
Exhibit B |
[Reserved] |
Exhibit C-1 |
Form of Trustee’s Initial Certification |
Exhibit C-2 |
Form of Trustee’s Final Certification |
Exhibit C-3 |
Form of Trustee’s Receipt of Mortgage Notes |
Exhibit D |
Form of Mortgage Loan Purchase Agreement |
Exhibit E |
Request for Release |
Exhibit F-1 |
Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Private Certificates Pursuant to Rule 144A Under the 1933 Act |
Exhibit F-2 |
Form of Transfer Affidavit and Agreement and Form of Transferor Affidavit in Connection with Transfer of Residual Certificates |
Exhibit G |
Form of Certification with respect to ERISA and the Code |
Exhibit H |
Form of Report Pursuant to Section 4.06 |
Exhibit I |
Form of Lost Note Affidavit |
Exhibit J-1 |
Form of Certification to Be Provided by the Trustee with Form 10-K |
Exhibit J-2 |
Form of Backup Certification to Be Provided by the Servicer with respect to the Form 10-K |
Exhibit K |
[Reserved] |
Exhibit L |
Annual Statement of Compliance pursuant to Section 3.20 |
Exhibit M |
Form of Interest Rate Swap Agreement |
Exhibit N |
Form of Swap Administration Agreement |
Schedule 1 |
Mortgage Loan Schedule |
Schedule 2 |
Prepayment Charge Schedule |
This Pooling and Servicing Agreement, is dated and effective as of November 1, 2005 among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. as Depositor, OCWEN LOAN SERVICING, LLC as Servicer and U.S. BANK NATIONAL ASSOCIATION as Trustee.
PRELIMINARY STATEMENT:
The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans and certain other related assets subject to this Agreement.
REMIC I
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Net WAC Rate Carryover Reserve Account, the Swap Account, the Supplemental Interest Trust, the Interest Rate Swap Agreement and any Servicer Prepayment Charge Payment Amounts) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.
Designation |
|
REMIC I |
|
Initial |
|
Latest Possible |
| |
I-1-A |
|
Variable(2) |
|
$ |
4,584,427.22 |
|
October 2035 |
|
I-1-B |
|
Variable(2) |
|
$ |
4,584,427.22 |
|
October 2035 |
|
I-2-A |
|
Variable(2) |
|
$ |
6,105,422.71 |
|
October 2035 |
|
I-2-B |
|
Variable(2) |
|
$ |
6,105,422.71 |
|
October 2035 |
|
I-3-A |
|
Variable(2) |
|
$ |
7,629,033.46 |
|
October 2035 |
|
I-3-B |
|
Variable(2) |
|
$ |
7,629,033.46 |
|
October 2035 |
|
I-4-A |
|
Variable(2) |
|
$ |
9,145,471.12 |
|
October 2035 |
|
I-4-B |
|
Variable(2) |
|
$ |
9,145,471.12 |
|
October 2035 |
|
I-5-A |
|
Variable(2) |
|
$ |
10,635,976.33 |
|
October 2035 |
|
I-5-B |
|
Variable(2) |
|
$ |
10,635,976.33 |
|
October 2035 |
|
I-6-A |
|
Variable(2) |
|
$ |
12,089,716.94 |
|
October 2035 |
|
I-6-B |
|
Variable(2) |
|
$ |
12,089,716.94 |
|
October 2035 |
|
I-7-A |
|
Variable(2) |
|
$ |
13,486,751.87 |
|
October 2035 |
|
I-7-B |
|
Variable(2) |
|
$ |
13,486,751.87 |
|
October 2035 |
|
I-8-A |
|
Variable(2) |
|
$ |
14,815,935.19 |
|
October 2035 |
|
I-8-B |
|
Variable(2) |
|
$ |
14,815,935.19 |
|
October 2035 |
|
I-9-A |
|
Variable(2) |
|
$ |
17,586,881.87 |
|
October 2035 |
|
I-9-B |
|
Variable(2) |
|
$ |
17,586,881.87 |
|
October 2035 |
|
I-10-A |
|
Variable(2) |
|
$ |
17,733,529.01 |
|
October 2035 |
|
I-10-B |
|
Variable(2) |
|
$ |
17,733,529.01 |
|
October 2035 |
|
I-11-A |
|
Variable(2) |
|
$ |
16,871,695.32 |
|
October 2035 |
|
I-11-B |
|
Variable(2) |
|
$ |
16,871,695.32 |
|
October 2035 |
|
I-12-A |
|
Variable(2) |
|
$ |
16,051,745.84 |
|
October 2035 |
|
I-12-B |
|
Variable(2) |
|
$ |
16,051,745.84 |
|
October 2035 |
|
I-13-A |
|
Variable(2) |
|
$ |
15,271,645.78 |
|
October 2035 |
|
I-13-B |
|
Variable(2) |
|
$ |
15,271,645.78 |
|
October 2035 |
|
I-14-A |
|
Variable(2) |
|
$ |
14,529,457.06 |
|
October 2035 |
|
I-14-B |
|
Variable(2) |
|
$ |
14,529,457.06 |
|
October 2035 |
|
I-15-A |
|
Variable(2) |
|
$ |
13,823,338.78 |
|
October 2035 |
|
I-15-B |
|
Variable(2) |
|
$ |
13,823,338.78 |
|
October 2035 |
|
I-16-A |
|
Variable(2) |
|
$ |
13,151,537.21 |
|
October 2035 |
|
I-16-B |
|
Variable(2) |
|
$ |
13,151,537.21 |
|
October 2035 |
|
I-17-A |
|
Variable(2) |
|
$ |
12,512,383.78 |
|
October 2035 |
|
I-17-B |
|
Variable(2) |
|
$ |
12,512,383.78 |
|
October 2035 |
|
I-18-A |
|
Variable(2) |
|
$ |
11,904,293.30 |
|
October 2035 |
|
I-18-B |
|
Variable(2) |
|
$ |
11,904,293.30 |
|
October 2035 |
|
I-19-A |
|
Variable(2) |
|
$ |
11,325,755.69 |
|
October 2035 |
|
I-19-B |
|
Variable(2) |
|
$ |
11,325,755.69 |
|
October 2035 |
|
I-20-A |
|
Variable(2) |
|
$ |
24,189,804.17 |
|
October 2035 |
|
I-20-B |
|
Variable(2) |
|
$ |
24,189,804.17 |
|
October 2035 |
|
I-21-A |
|
Variable(2) |
|
$ |
21,550,665.91 |
|
October 2035 |
|
I-21-B |
|
Variable(2) |
|
$ |
21,550,665.91 |
|
October 2035 |
|
I-22-A |
|
Variable(2) |
|
$ |
19,288,723.53 |
|
October 2035 |
|
I-22-B |
|
Variable(2) |
|
$ |
19,288,723.53 |
|
October 2035 |
|
I-23-A |
|
Variable(2) |
|
$ |
17,158,311.23 |
|
October 2035 |
|
I-23-B |
|
Variable(2) |
|
$ |
17,158,311.23 |
|
October 2035 |
|
I-24-A |
|
Variable(2) |
|
$ |
15,279,795.01 |
|
October 2035 |
|
I-24-B |
|
Variable(2) |
|
$ |
15,279,795.01 |
|
October 2035 |
|
I-25-A |
|
Variable(2) |
|
$ |
7,527,628.07 |
|
October 2035 |
|
I-25-B |
|
Variable(2) |
|
$ |
7,527,628.07 |
|
October 2035 |
|
I-26-A |
|
Variable(2) |
|
$ |
1,878,016.85 |
|
October 2035 |
|
I-26-B |
|
Variable(2) |
|
$ |
1,878,016.85 |
|
October 2035 |
|
I-27-A |
|
Variable(2) |
|
$ |
6,378,065.80 |
|
October 2035 |
|
I-27-B |
|
Variable(2) |
|
$ |
6,378,065.80 |
|
October 2035 |
|
I-28-A |
|
Variable(2) |
|
$ |
5,990,203.30 |
|
October 2035 |
|
I-28-B |
|
Variable(2) |
|
$ |
5,990,203.30 |
|
October 2035 |
|
I-29-A |
|
Variable(2) |
|
$ |
5,619,210.43 |
|
October 2035 |
|
I-29-B |
|
Variable(2) |
|
$ |
5,619,210.43 |
|
October 2035 |
|
I-30-A |
|
Variable(2) |
|
$ |
5,279,560.59 |
|
October 2035 |
|
I-30-B |
|
Variable(2) |
|
$ |
5,279,560.59 |
|
October 2035 |
|
I-31-A |
|
Variable(2) |
|
$ |
4,960,427.71 |
|
October 2035 |
|
I-31-B |
|
Variable(2) |
|
$ |
4,960,427.71 |
|
October 2035 |
|
I-32-A |
|
Variable(2) |
|
$ |
4,660,573.18 |
|
October 2035 |
|
I-32-B |
|
Variable(2) |
|
$ |
4,660,573.18 |
|
October 2035 |
|
I-33-A |
|
Variable(2) |
|
$ |
4,378,833.11 |
|
October 2035 |
|
I-33-B |
|
Variable(2) |
|
$ |
4,378,833.11 |
|
October 2035 |
|
I-34-A |
|
Variable(2) |
|
$ |
51,789,956.28 |
|
October 2035 |
|
I-34-B |
|
Variable(2) |
|
$ |
51,789,956.28 |
|
October 2035 |
|
I-35-A |
|
Variable(2) |
|
$ |
983,409.56 |
|
October 2035 |
|
I-35-B |
|
Variable(2) |
|
$ |
983,409.56 |
|
October 2035 |
|
I-36-A |
|
Variable(2) |
|
$ |
935,479.37 |
|
October 2035 |
|
I-36-B |
|
Variable(2) |
|
$ |
935,479.37 |
|
October 2035 |
|
I-37-A |
|
Variable(2) |
|
$ |
903,885.00 |
|
October 2035 |
|
I-37-B |
|
Variable(2) |
|
$ |
903,885.00 |
|
October 2035 |
|
I-38-A |
|
Variable(2) |
|
$ |
849,087.73 |
|
October 2035 |
|
I-38-B |
|
Variable(2) |
|
$ |
849,087.73 |
|
October 2035 |
|
I-39-A |
|
Variable(2) |
|
$ |
797,608.39 |
|
October 2035 |
|
I-39-B |
|
Variable(2) |
|
$ |
797,608.39 |
|
October 2035 |
|
I-40-A |
|
Variable(2) |
|
$ |
11,739,546.26 |
|
October 2035 |
|
I-40-B |
|
Variable(2) |
|
$ |
11,739,546.26 |
|
October 2035 |
|
________________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC I Regular Interest. |
(2) |
Calculated in accordance with the definition of “REMIC I Remittance Rate” herein. |
REMIC II
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II.” The Class R-II Interest will evidence the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.
Designation |
|
REMIC II Remittance Rate |
|
Initial Uncertificated Balance ($) |
|
Latest Possible Maturity Date(1) | |
II-LTAA |
|
Variable(2) |
|
$ |
884,731,730.18 |
|
October 2035 |
II-LTA1 |
|
Variable(2) |
|
$ |
3,711,090.00 |
|
October 2035 |
II-LTA2 |
|
Variable(2) |
|
$ |
1,533,290.00 |
|
October 2035 |
II-LTA3 |
|
Variable(2) |
|
$ |
1,530,650.00 |
|
October 2035 |
II-LTA4 |
|
Variable(2) |
|
$ |
442,750.00 |
|
October 2035 |
II-LTM1 |
|
Variable(2) |
|
$ |
311,460.00 |
|
October 2035 |
II-LTM2 |
|
Variable(2) |
|
$ |
279,860.00 |
|
October 2035 |
II-LTM3 |
|
Variable(2) |
|
$ |
194,090.00 |
|
October 2035 |
II-LTM4 |
|
Variable(2) |
|
$ |
139,930.00 |
|
October 2035 |
II-LTM5 |
|
Variable(2) |
|
$ |
130,900.00 |
|
October 2035 |
II-LTM6 |
|
Variable(2) |
|
$ |
121,870.00 |
|
October 2035 |
II-LTM7 |
|
Variable(2) |
|
$ |
117,360.00 |
|
October 2035 |
II-LTM8 |
|
Variable(2) |
|
$ |
85,760.00 |
|
October 2035 |
II-LTM9 |
|
Variable(2) |
|
$ |
90,270.00 |
|
October 2035 |
II-LTM10 |
|
Variable(2) |
|
$ |
63,190.00 |
|
October 2035 |
II-LTM11 |
|
Variable(2) |
|
$ |
67,700.00 |
|
October 2035 |
II-LTM12 |
|
Variable(2) |
|
$ |
45,130.00 |
|
October 2035 |
II-LTZZ |
|
Variable(2) |
|
$ |
9,190,449.60 |
|
October 2035 |
II-LTP |
|
Variable(2) |
|
$ |
100.00 |
|
October 2035 |
II-LTIO |
|
Variable(2) |
|
|
N/A(3) |
|
October 2035 |
________________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC II Regular Interest. |
(2) |
Calculated in accordance with the definition of “REMIC II Remittance Rate” herein. |
(3) |
REMIC II Regular Interest II-LTIO will not have an Uncertificated Balance, but will accrue interest on its Uncertificated Notional Amount. |
REMIC III
As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III.” The Class R-III Interest will evidence the sole class of “residual interests” in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates.
Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC III and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate.
Designation |
|
Pass-Through Rate |
|
Initial Aggregate Certificate Principal Balance |
|
Latest Possible Maturity Date(1) | |
Class A-1 |
|
Variable(2) |
|
$ |
371,109,000.00 |
|
October 2035 |
Class A-2 |
|
Variable(2) |
|
$ |
153,329,000.00 |
|
October 2035 |
Class A-3 |
|
Variable(2) |
|
$ |
153,065,000.00 |
|
October 2035 |
Class A-4 |
|
Variable(2) |
|
$ |
44,275,000.00 |
|
October 2035 |
Class M-1 |
|
Variable(2) |
|
$ |
31,146,000.00 |
|
October 2035 |
Class M-2 |
|
Variable(2) |
|
$ |
27,986,000.00 |
|
October 2035 |
Class M-3 |
|
Variable(2) |
|
$ |
19,409,000.00 |
|
October 2035 |
Class M-4 |
|
Variable(2) |
|
$ |
13,993,000.00 |
|
October 2035 |
Class M-5 |
|
Variable(2) |
|
$ |
13,090,000.00 |
|
October 2035 |
Class M-6 |
|
Variable(2) |
|
$ |
12,187,000.00 |
|
October 2035 |
Class M-7 |
|
Variable(2) |
|
$ |
11,736,000.00 |
|
October 2035 |
Class M-8 |
|
Variable(2) |
|
$ |
8,576,000.00 |
|
October 2035 |
Class M-9 |
|
Variable(2) |
|
$ |
9,027,000.00 |
|
October 2035 |
Class M-10 |
|
Variable(2) |
|
$ |
6,319,000.00 |
|
October 2035 |
Class M-11 |
|
Variable(2) |
|
$ |
6,770,000.00 |
|
October 2035 |
Class M-12 |
|
Variable(2) |
|
$ |
4,513,000.00 |
|
October 2035 |
Class CE Interest |
|
Variable(3) |
|
$ |
16,257,479.78 |
|
October 2035 |
Class P Interest |
|
N/A(4) |
|
$ |
100.00 |
|
October 2035 |
Class Swap-IO Interest |
|
N/A(5) |
|
|
N/A |
|
|
_______________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC III Regular Interest. |
(2) |
Calculated in accordance with the definition of “Pass-Through Rate” herein. |
(3) |
The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time; which shall equal the Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance. |
(4) |
The Class P Interest will not accrue interest. |
(5) |
The Class Swap-IO Interest will not have a Pass-Through Rate or a Certificate Principal Balance, but will be entitled to 100% of the amounts distributed on REMIC II Regular Interest II-LTIO. |
REMIC IV
As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest represents the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions.
The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC IV created hereunder:
Class Designation |
|
Pass-Through Rate |
|
Initial Aggregate Certificate Principal Balance |
|
Latest Possible Maturity Date(1) | |
Class CE Certificates |
|
Variable(2) |
|
$ |
16,257,479.78 |
|
October 2035 |
_______________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the “latest possible maturity date” for the Class CE Certificates. |
(2) |
The Class CE Certificates will receive 100% of amounts received in respect of the Class CE Interest. |
REMIC V
As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions.
The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder:
Class Designation |
|
Pass-Through Rate |
|
Initial Aggregate Certificate Principal Balance |
|
Latest Possible Maturity Date(1) | |
Class P Certificates |
|
Variable(2) |
|
$ |
100.00 |
|
October 2035 |
_______________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the “latest possible maturity date” for the Class P Certificates. |
(2) |
The Class P Certificates will receive 100% of amounts received in respect of the Class P Interest. |
REMIC VI
As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class SWAP-IO Interest as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC VI.” The Class R-VI Interest represents the sole class of “residual interests” in REMIC VI for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated REMIC VI Regular Interest SWAP-IO, which will be uncertificated.
Designation |
|
Pass-Through Rate |
|
Initial Aggregate |
|
Latest Possible |
|
SWAP-IO |
|
Variable(2) |
|
N/A |
|
September 25, 2035 |
|
_______________
(1) |
For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for REMIC VI Regular Interest SWAP-IO. |
(2) |
REMIC VI Regular Interest SWAP-IO shall receive 100% of amounts received in respect of the Class SWAP-IO Interest. |
As of the Cut-off Date, the Mortgage Loans had an aggregate Stated Principal Balance equal to $902,787,579.78.
In consideration of the mutual agreements herein contained, the Depositor, the Servicer and the Trustee agree as follows:
ARTICLE I
DEFINITIONS
|
SECTION 1.01. |
Defined Terms. |
Whenever used in this Agreement, including, without limitation, in the Preliminary Statement hereto, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Unless otherwise specified, all calculations described herein shall be made on the basis of a 360-day year consisting of twelve 30-day months.
“Accrual Period”: With respect to the Class A Certificates and the Mezzanine Certificates and each Distribution Date, the period commencing on the preceding Distribution Date (or in the case of the first such Accrual Period, commencing on the Closing Date) and ending on the day preceding the current Distribution Date. With respect to the Class CE Certificates and the REMIC Regular Interests and each Distribution Date, the calendar month prior to the month of such Distribution Date.
“Adjustable-Rate Mortgage Loan”: Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is subject to adjustment.
“Adjusted Net Maximum Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.
“Adjusted Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Mortgage Rate for such Mortgage Loan as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Servicing Fee Rate and (ii) the Credit Risk Manager Fee Rate.
“Adjustment Date”: With respect to each Adjustable-Rate Mortgage Loan, the first day of the month in which the Mortgage Rate of such Mortgage Loan changes pursuant to the related Mortgage Note. The first Adjustment Date following the Cut-off Date as to each Adjustable-Rate Mortgage Loan is set forth in the Mortgage Loan Schedule.
“Advance”: With respect to any Distribution Date, as to any Mortgage Loan or REO Property, any advance made by the Servicer in respect of Monthly Payments due during the related Due Period pursuant to Section 4.03.
“Advance Facility”: As defined in Section 3.29 hereof.
“Advancing Person”: As defined in Section 3.29 hereof.
“Affiliate”: With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing.
“Aggregate Loss Severity Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate Stated Principal Balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.
“Agreement”: This Pooling and Servicing Agreement and all amendments hereof and supplements hereto.
“Allocated Realized Loss Amount”: With respect to any Distribution Date and any Class of Mezzanine Certificates, (i) the sum of (a) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (b) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining undistributed from the previous Distribution Date reduced by (ii) the amount of any Subsequent Recoveries added to the Certificate Principal Balance of such Class of Certificates.
“Assignment”: An assignment of Mortgage, notice of transfer or equivalent instrument, in recordable form (excepting therefrom, if applicable, the mortgage recordation information which has not been required pursuant to Section 2.01 hereof or returned by the applicable recorder’s office), which is sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the record of sale of the Mortgage, which assignment, notice of transfer or equivalent instrument may be in the form of one or more blanket assignments covering Mortgages secured by Mortgaged Properties located in the same county, if permitted by law.
“Available Funds”: With respect to any Distribution Date, an amount equal to the excess of (i) the sum of (a) the aggregate of the related Monthly Payments received on the Mortgage Loans on or prior to the related Determination Date, (b) Net Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Subsequent Recoveries, proceeds from repurchases of and substitutions for such Mortgage Loans and other unscheduled recoveries of principal and interest in respect of the Mortgage Loans received during the related Prepayment Period, (c) the aggregate of any amounts received in respect of a related REO Property and withdrawn from any REO Account and deposited in the Collection Account for such Distribution Date, (d) the aggregate of any amounts deposited in the Collection Account by the Servicer in respect of related Prepayment Interest Shortfalls for such Distribution Date, (e) the aggregate of any Advances made by the Servicer for such Distribution Date in respect of the Mortgage Loans and (f) the aggregate of any related advances made by the Trustee in respect of the Mortgage Loans for such Distribution Date pursuant to Section 7.02 over (ii) the sum of (a) amounts reimbursable or payable to the Servicer pursuant to Section 3.11(a), (b) Extraordinary Trust Fund Expenses reimbursable to the Trustee pursuant to Section 3.11(b), (c) amounts deposited in the Collection
Account or the Distribution Account pursuant to clauses (a) through (f) above, as the case may be, in error, (d) the amount of any Prepayment Charges collected by the Servicer in connection with the full or partial prepayment of any of the Mortgage Loans and any Servicer Prepayment Charge Payment Amount, (e) the Credit Risk Manager Fee and (f) any indemnification amounts owed to the Trustee payable from the Distribution Account pursuant to Section 8.05, (g) the Credit Risk Manager Fee and (h) any Net Swap Payment or Swap Termination Payment owed to the Swap Provider (other than any Swap Termination Payment owed to the Swap Provider resulting from a Swap Provider Trigger Event).
“Bankruptcy Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code), as amended.
“Basic Principal Distribution Amount”: With respect to any Determination Date, the excess of: (i) the Principal Remittance Amount for such Distribution Date over (ii) the Overcollateralization Release Amount, if any, for such Distribution Date.
“Book-Entry Certificate”: The Class A Certificates and the Mezzanine
Certificates for so long as the Certificates of such Class shall be registered in the name of the Depository or its nominee.
“Book-Entry Custodian”: The custodian appointed pursuant to Section 5.01.
“Business Day”: Any day other than a Saturday, a Sunday or a day on which banking or savings and loan institutions in the the State of New Jersey, the State of California, the State of New York, the State of Florida, or in the cities in which the Corporate Trust Office of the Trustee is located, are authorized or obligated by law or executive order to be closed.
“Certificate”: Any one of the Mortgage Pass-Through Certificates, Series 2005-NC2, Class A-1, Class X-0, Xxxxx X-0, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11, Class M-12, Class CE, Class P, Class R or Class R-X, issued under this Agreement.
“Certificate Factor”: With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to at least six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.
“Certificate Margin”: With respect to the Class A-1 Certificates and REMIC II Regular Interest II-LTA1, 0.110% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than
10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.220% in the case of each Distribution Date thereafter.
With respect to the Class A-2 Certificates and REMIC II Regular Interest II-LTA2, 0.200% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.400% in the case of each Distribution Date thereafter.
With respect to the Class A-3 Certificates and REMIC II Regular Interest II-LTA3, 0.250% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.500% in the case of each Distribution Date thereafter.
With respect to the Class A-4 Certificates and REMIC II Regular Interest II-LTA4, 0.350% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.700% in the case of each Distribution Date thereafter.
With respect to the Class M-1 Certificates and REMIC II Regular Interest II-LTM1, 0.450% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.675% in the case of each Distribution Date thereafter.
With respect to the Class M-2 Certificates and REMIC II Regular Interest II-LTM2, 0.470% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.705% in the case of each Distribution Date thereafter.
With respect to the Class M-3 Certificates and REMIC II Regular Interest II-LTM3, 0.490% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.735% in the case of each Distribution Date thereafter.
With respect to the Class M-4 Certificates and REMIC II Regular Interest II-LTM4, 0.630% in the case of each Distribution Date through and including the Distribution Date
on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.945% in the case of each Distribution Date thereafter.
With respect to the Class M-5 Certificates and REMIC II Regular Interest II-LTM5, 0.660% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 0.990% in the case of each Distribution Date thereafter.
With respect to the Class M-6 Certificates and REMIC II Regular Interest II-LTM6, 0.780% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 1.170% in the case of each Distribution Date thereafter.
With respect to the Class M-7 Certificates and REMIC II Regular Interest II-LTM7, 1.550% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 2.325% in the case of each Distribution Date thereafter.
With respect to the Class M-8 Certificates and REMIC II Regular Interest II-LTM8, 1.950% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 2.925% in the case of each Distribution Date thereafter.
With respect to the Class M-9 Certificates and REMIC II Regular Interest II-LTM9, 2.500% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 3.750% in the case of each Distribution Date thereafter.
With respect to the Class M-10 Certificates and REMIC II Regular Interest II-LTM10, 2.500% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 3.750% in the case of each Distribution Date thereafter.
With respect to the Class M-11 Certificates and REMIC II Regular Interest II-LTM11, 2.500% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 3.750% in the case of each Distribution Date thereafter.
With respect to the Class M-12 Certificates and REMIC II Regular Interest II-LTM12, 2.500% in the case of each Distribution Date through and including the Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans (and properties acquired in respect thereof) remaining in the Trust Fund is reduced to less than 10% of the aggregate Cut-off Date Principal Balance of the Mortgage Loans and 3.750% in the case of each Distribution Date thereafter.
“Certificateholder” or “Holder”: The Person in whose name a Certificate is registered in the Certificate Register, except that a Disqualified Organization or a Non-United States Person shall not be a Holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or the Servicer or any Affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trustee and the NIMS Insurer may conclusively rely upon a certificate of the Depositor or the Servicer in determining whether a Certificate is held by an Affiliate thereof. All references herein to “Holders” or “Certificateholders” shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee and the NIMS Insurer shall be required to recognize as a “Holder” or “Certificateholder” only the Person in whose name a Certificate is registered in the Certificate Register.
“Certificate Owner”: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate as reflected on the books of the Depository or on the books of a Depository Participant or on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent.
“Certificate Principal Balance”: With respect to each Class A Certificate, Mezzanine Certificate or Class P Certificate as of any date of determination, the Certificate Principal Balance of such Certificate on the Distribution Date immediately prior to such date of determination plus any Subsequent Recoveries added to the Certificate Principal Balance of such Certificate pursuant to Section 4.01, minus all distributions allocable to principal made thereon and Realized Losses allocated thereto on such immediately prior Distribution Date (or, in the case of any date of determination up to and including the first Distribution Date, the initial Certificate Principal Balance of such Certificate, as stated on the face thereof). With respect to each Class CE Certificate as of any date of determination, an amount equal to the Percentage Interest evidenced by such Certificate times the excess, if any, of (A) the then aggregate Uncertificated Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate
Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates then outstanding.
“Certificate Register”: The register maintained pursuant to Section 5.02.
“Class”: Collectively, all of the Certificates bearing the same class designation.
“Class A Certificates”: Any of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates or Class A-4 Certificates.
“Class A-1 Certificate”: Any one of the Class A-1 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-1 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class A-2 Certificate”: Any one of the Class A-2 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-2 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class A-3 Certificate”: Any one of the Class A-3 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-3 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class A-4 Certificate”: Any one of the Class A-4 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-4 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class CE Certificate”: Any one of the Class CE Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-17 and evidencing (i) a Regular Interest in REMIC IV, (ii) the obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments and (iii) the right to receive the Class IO Distribution Amount.
“Class CE Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
“Class IO Distribution Amount”: As defined in Section 4.08 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Swap Administrator on such Distribution Date in excess of the amount payable on the Class SWAP-IO Interest on such Distribution Date, all as further provided in Section 4.08 hereof.
“Class M-1 Certificate”: Any one of the Class M-1 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit
A-5 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-1 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 66.80% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-2 Certificate”: Any one of the Class M-2 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-6 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-2 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date) and (iii) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 73.00% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-3 Certificate”: Any one of the Class M-3 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-7 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-3 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1
Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date) and (iv) the Certificate Principal Balance of the Class M-3 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 77.30% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-4 Certificate”: Any one of the Class M-4 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-8 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-4 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date) and (v) the Certificate Principal Balance of the Class M-4 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 80.40% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-5 Certificate”: Any one of the Class M-5 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-9 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-5 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution
Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date) and (vi) the Certificate Principal Balance of the Class M-5 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 83.30% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-6 Certificate”: Any one of the Class M-6 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-10 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-6 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date) and (vii) the Certificate Principal Balance of the Class M-6 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 86.00% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-7 Certificate”: Any one of the Class M-7 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-11 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-7 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date) and (viii) the Certificate Principal Balance of the Class M-7 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 88.60% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-8 Certificate”: Any one of the Class M-8 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-12 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-8 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution
Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date) and (ix) the Certificate Principal Balance of the Class M-8 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 90.50% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-9 Certificate”: Any one of the Class M-9 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-13 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-9 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date) and (x) the Certificate Principal Balance of the Class M-9 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 92.50% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate
Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-10 Certificate”: Any one of the Class M-10 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-14 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-10 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date) and (xi) the Certificate Principal Balance of the Class M-10 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 93.90% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-11 Certificate”: Any one of the Class M-11 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-15 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-11 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date), (xi) the Certificate Principal Balance of the Class M-10 Certificates (after taking into account the distribution of the Class M-10 Principal Distribution Amount on such Distribution Date) and (xii) the Certificate Principal Balance of the Class M-11 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 95.00% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class M-12 Certificate”: Any one of the Class M-12 Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-16 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.
“Class M-12 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3
Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date), (xi) the Certificate Principal Balance of the Class M-10 Certificates (after taking into account the distribution of the Class M-10 Principal Distribution Amount on such Distribution Date), (xii) the Certificate Principal Balance of the Class M-11 Certificates (after taking into account the distribution of the Class M-11 Principal Distribution Amount on such Distribution Date) and (xi) the Certificate Principal Balance of the Class M-12 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 96.00% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Class P Certificate”: Any one of the Class P Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-18 and evidencing a Regular Interest in REMIC V for purposes of the REMIC Provisions.
“Class P Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.
“Class R Certificate”: Any one of the Class R Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-19 and evidencing the ownership of the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.
“Class R-X Certificate”: The Class R-X Certificate executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-20 and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.
“Class R-I Interest”: The uncertificated Residual Interest in REMIC I.
“Class R-II Interest”: The uncertificated Residual Interest in REMIC II.
“Class R-III Interest”: The uncertificated Residual Interest in REMIC III.
“Class R-IV Interest”: The uncertificated Residual Interest in REMIC IV.
“Class R-V Interest”: The uncertificated Residual Interest in REMIC V.
“Class R-VI Interest”: The uncertificated Residual Interest in REMIC VI.
“Class SWAP-IO Interest”: An uncertificated interest in the Trust Fund evidencing a Regular Interest in REMIC III.
“Closing Date”: November 29, 2005.
“Code”: The Internal Revenue Code of 1986, as amended.
“Collection Account”: The account or accounts created and maintained, or caused to be created and maintained, by the Servicer pursuant to Section 3.10(a), which shall be entitled “Ocwen Loan Servicing, LLC, as Servicer for U.S. Bank National Association, as Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates.” The Collection Account must be an Eligible Account.
“Commission”: The Securities and Exchange Commission.
“Compensating Interest”: As defined in Section 3.24 hereof.
“Corporate Trust Office”: The principal corporate trust office of the Trustee at which at any particular time its corporate trust business in connection with this Agreement shall be administered, which office, at the date of the execution of this instrument, is located at 00 Xxxxxxxxxx Xxxxxx, XX-XX-XX0X, Xx. Xxxx, Xxxxxxxxx 00000, Attention: Structured Finance/MASTR 2005-NC2, or at such other address as the Trustee may designate from time to time by notice to the Certificateholders, the Depositor, the Servicer, NC Capital and the Orginator.
“Corresponding Certificate”: With respect to each REMIC II Regular Interest set forth below, the corresponding Regular Certificate set forth in the table below:
REMIC II Regular Interest |
Regular Certificate |
II-LTA1 |
Class A-1 |
II-LTA2 |
Class X-0 |
XX-XXX0 |
Xxxxx X-0 |
XX-XXX0 |
Class A-4 |
II-LTM1 |
Class M-1 |
II-LTM2 |
Class M-2 |
II-LTM3 |
Class M-3 |
II-LTM4 |
Class M-4 |
II-LTM5 |
Class M-5 |
II-LTM6 |
Class M-6 |
II-LTM7 |
Class M-7 |
II-LTM8 |
Class M-8 |
II-LTM9 |
Class M-9 |
II-LTM10 |
Class M-10 |
II-LTM11 |
Class M-11 |
II-LTM12 |
Class M-12 |
II-LTP |
Class P |
“Credit Enhancement Percentage”: For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated prior to taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.
“Credit Risk Management Agreement”: The agreement, between the Credit Risk Manager and the Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.
“Credit Risk Manager”: Xxxxxxx Fixed Income Services Inc., a Colorado corporation, formerly known as The Murrayhill Company, and its successors and assigns.
“Credit Risk Manager Fee”: The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any of the powers and duties of the Credit Risk Manager under the Credit Risk Management Agreement and any other agreement pursuant to which the Credit Risk Manager is to perform any duties with respect to the Mortgage Loans, which amount shall equal one twelfth of the product of (i) the Credit Risk Manager Fee Rate (without regard to the words “per annum”) and (ii) the aggregate Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.
“Credit Risk Manager Fee Rate”: 0.010% per annum.
“Cumulative Loss Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the sum of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
“Custodian”: U.S. Bank National Association, a national banking association, or its successor in interest.
“Cut-off Date”: With respect to each Original Mortgage Loan, November 1, 2005. With respect to all Qualified Substitute Mortgage Loans, their respective dates of substitution.
References herein to the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.
“Cut-off Date Principal Balance”: With respect to any Mortgage Loan, the unpaid Stated Principal Balance thereof as of the Cut-off Date of such Mortgage Loan (or as of the applicable date of substitution with respect to a Qualified Substitute Mortgage Loan), after giving effect to scheduled payments due on or before the Cut-off Date, whether or not received.
“Debt Service Reduction”: With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.
“Deficient Valuation”: With respect to any Mortgage Loan, a valuation of the related Mortgaged Property by a court of competent jurisdiction in an amount less than the then outstanding principal balance of the Mortgage Loan, which valuation results from a proceeding initiated under the Bankruptcy Code.
“Definitive Certificates”: As defined in Section 5.01(b).
“Deleted Mortgage Loan”: A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.
“Delinquency Percentage”: As of the last day of the related Due Period, the percentage equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of all Mortgage Loans that, as of the last day of the previous calendar month, are 60 or more days delinquent, are in foreclosure, have been converted to REO Properties or have been discharged by reason of bankruptcy and are 60 or more days delinquent, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties as of the last day of the previous calendar month.
“Depositor”: Mortgage Asset Securitization Transactions, Inc., a Delaware corporation, or its successor in interest.
“Depository”: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository, for purposes of registering those Certificates that are to be Book-Entry Certificates, is CEDE & Co. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(3) of the Uniform Commercial Code of the State of New York and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.
“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”: With respect to any Distribution Date, the 15th day of the calendar month in which such Distribution Date occurs or, if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day.
“Directly Operate”: With respect to any REO Property, the furnishing or rendering of services to the tenants thereof, the management or operation of such REO Property, the holding of such REO Property primarily for sale to customers, the performance of any construction work thereon or any use of such REO Property in a trade or business conducted by REMIC I other than through an Independent Contractor; provided, however, that the Trustee (or the Servicer on behalf of the Trustee) shall not be considered to Directly Operate an REO Property solely because the Trustee (or the Servicer on behalf of the Trustee) establishes rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance, or makes decisions as to repairs or capital expenditures with respect to such REO Property.
“Disqualified Organization”: Any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for Xxxxxxx Mac, a majority of its board of directors is not selected by such governmental unit), (ii) any foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers’cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code, (v) an “electing large partnership” and (vi) any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Residual Certificate by such Person may cause any Trust REMIC or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Residual Certificate to such Person. The terms “United States,” “State” and “international organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.
“Distribution Account”: The trust account or accounts created and maintained by the Trustee pursuant to Section 3.10(b), which shall be entitled “U.S. Bank National Association, as Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2.” The Distribution Account must be an Eligible Account.
“Distribution Date”: The 25th day of any month, or if such 25th day is not a Business Day, the Business Day immediately following such 25th day, commencing in December 2005.
“Due Date”: With respect to each Distribution Date, the first day of the calendar month in which such Distribution Date occurs, which is generally the day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.
“Due Period”: With respect to any Distribution Date, the period commencing on the second day of the month immediately preceding the month in which such Distribution Date occurs and ending on the related Due Date.
Eligible Account”: Any of (i) an account or accounts maintained with 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 short-term unsecured debt obligations of such holding company) are rated “P-1” by Xxxxx’x, “F-1” by Fitch or “A-1+” by S&P (or comparable ratings if Xxxxx’x, Fitch and S&P are not the Rating Agencies) at the time any amounts are held on deposit therein, (ii) with respect to any escrow account, an account or accounts the deposits in which are fully insured by the FDIC (to the limits established by such corporation), the uninsured deposits in which account are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the NIMS Insurer, the Trustee and to each Rating Agency, the Certificateholders will have a claim with respect to the funds in such account or a perfected first priority security interest against such collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution with which such account is maintained, (iii) a trust account or accounts maintained with the trust department of a federal or state chartered depository institution, national banking association or trust company acting in its fiduciary capacity or (iv) an account otherwise acceptable to the NIMS Insurer and to each Rating Agency without reduction or withdrawal of their then current ratings of the Certificates as evidenced by a letter from each Rating Agency to the Trustee and the NIMS Insurer. Eligible Accounts may bear interest.
“ERISA”: The Employee Retirement Income Security Act of 1974, as amended.
“Estate in Real Property”: A fee simple estate in a parcel of land.
“Excess Overcollateralized Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date, assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date over (ii) the Overcollateralization Target Amount for such Distribution Date.
“Extra Principal Distribution Amount”: With respect to any Distribution Date, the lesser of (x) the sum of (i) Monthly Interest Distributable Amount payable on the Class CE Certificates on such Distribution Date as reduced by Realized Losses allocated thereto with respect to such Distribution Date pursuant to Section 4.04 and (ii) any amounts received under the Interest Rate Swap Agreement for this purpose and (y) the Overcollateralization Deficiency Amount for such Distribution Date.
“Extraordinary Trust Fund Expense”: Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee from the Trust Fund pursuant to Section 8.05 or Section 10.01(c) and any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii).
“Xxxxxx Xxx”: Xxxxxx Xxx, formally known as the Federal National Mortgage Association, or any successor thereto.
“FDIC”: Federal Deposit Insurance Corporation or any successor thereto.
“Final Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO Property (other than a Mortgage Loan or REO Property purchased or repurchased by NC Capital, the Seller, the Depositor,the Servicer or the NIMS Insurer pursuant to or as contemplated by Section 2.03, Section 3.16(c) or Section 9.01), a determination made by the Servicer that all Insurance Proceeds, Liquidation Proceeds and other payments or recoveries which the Servicer, in its reasonable good faith judgment, expects to be finally recoverable in respect thereof have been so recovered. The Servicer shall maintain records, prepared by a Servicing Officer, of each Final Recovery Determination made thereby.
“Fitch”: Fitch Ratings, or its successor in interest.
“Fixed Swap Payment”: With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.
“Floating Swap Payment”: With respect to any Distribution Date, a floating amount equal to the product of (i) one-month LIBOR (as determined pursuant to the Interest Rate Swap Agreement for such Distribution Date), (ii) the related Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Closing Date to but excluding the first Distribution Date), and the denominator of which is 360.
“Formula Rate”: For any Distribution Date and the Class A Certificates and the Mezzanine Certificates, the lesser of (i) One-Month LIBOR plus the related Certificate Margin and (ii) the Maximum Cap Rate.
“Xxxxxxx Mac”: Xxxxxxx Mac, formally known as the Federal Home Loan Mortgage Corporation, or any successor thereto.
“Gross Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Adjustable-Rate Mortgage Loan.
“Highest Priority”: As of any date of determination, the Class of Mezzanine Certificates then outstanding with a Certificate Principal Balance greater than zero, with the highest priority for payments pursuant to Section 4.01, in the following order: Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates.
“Indenture”: An indenture relating to the issuance of notes secured by the Class CE Certificates, the Class P Certificates and/or the Class R Certificates (or any portion thereof) which may or may not be guaranteed by the NIMS Insurer.
“Independent”: When used with respect to any specified Person, any such Person who (a) is in fact independent of the Servicer, the Depositor, the Trustee, the Seller, the Originator and their respective Affiliates, (b) does not have any direct financial interest in or any
material indirect financial interest in the Servicer, the Depositor, the Trustee, the Seller, the Originator or any Affiliate thereof, and (c) is not connected with the Servicer, the Depositor, the Trustee, the Seller, the Originator or any Affiliate thereof as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions; provided, however, that a Person shall not fail to be Independent of the Servicer, the Depositor the Trustee, the Seller, the Originator or any Affiliate thereof merely because such Person is the beneficial owner of 1% or less of any class of securities issued by the Servicer, the Depositor, the Trustee, the Seller, the Originator or any Affiliate thereof, as the case may be.
“Independent Contractor”: Either (i) any Person (other than the Servicer) that would be an “independent contractor” with respect to REMIC I within the meaning of Section 856(d)(3) of the Code if REMIC I were a real estate investment trust (except that the ownership tests set forth in that section shall be considered to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates), so long as REMIC I does not receive or derive any income from such Person and provided that the relationship between such Person and REMIC I is at arm’s length, all within the meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii) any other Person (including the Servicer) if the Trustee has received an Opinion of Counsel to the effect that the taking of any action in respect of any REO Property by such Person, subject to any conditions therein specified, that is otherwise herein contemplated to be taken by an Independent Contractor will not cause such REO Property to cease to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable for purposes of Section 860D(a) of the Code), or cause any income realized in respect of such REO Property to fail to qualify as Rents from Real Property.
“Index”: With respect to each Adjustable Rate Mortgage Loan and with respect to each related Adjustment Date, the index as specified in the related Mortgage Note.
“Insurance Proceeds”: Proceeds of any title policy, hazard policy or other insurance policy, covering a Mortgage Loan, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the procedures that the Servicer would follow in servicing mortgage loans held for its own account, subject to the terms and conditions of the related Mortgage Note and Mortgage.
“Interest Determination Date”: With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12 and any Accrual Period therefor, the second London Business Day preceding the commencement of such Accrual Period.
“Interest Remittance Amount”: With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Mortgage Loans.
“Interest Rate Swap Agreement”: The 1992 ISDA Master Agreement (Multicurrency-Cross Border) dated as of November 29, 2005 (together with the schedule thereto, the Master Agreement) between UBS AG and the Supplemental Interest Trust Trustee and a confirmation of the same date, which supplements and forms part of the Master Agreement.
“Late Collections”: With respect to any Mortgage Loan and any Due Period, all amounts received by the Servicer subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.
“Liquidated Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of which the Servicer has determined, in its reasonable judgment, as of the end of the related Prepayment Period, that all Liquidation Proceeds which it expects to recover with respect to the liquidation of the Mortgage Loan or disposition of the related REO Property have been recovered.
“Liquidation Event”: With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, repurchased or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(c) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.
“Liquidation Proceeds”: The amount (other than amounts received in respect of the rental of any REO Property prior to REO Disposition) received by the Servicer in connection with (i) the taking of all or a part of a Mortgaged Property by exercise of the power of eminent domain or condemnation, (ii) the liquidation of a defaulted Mortgage Loan through a trustee’s sale, foreclosure sale or otherwise, or (iii) the purchase, repurchase or substitution of a Mortgage Loan or an REO Property pursuant to or as contemplated by Section 2.03 or Section 9.01.
“Loan-to-Value Ratio”: As of any date of determination, the fraction, expressed as a percentage, the numerator of which is the principal balance of the related Mortgage Loan at such date and the denominator of which is the Value of the related Mortgaged Property.
“London Business Day”: Any day on which banks in the City of London and New York are open and conducting transactions in United States dollars.
“Loss Severity Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the amount of Realized Losses incurred on a Mortgage Loan and the denominator of which is the principal balance of such Mortgage Loan immediately prior to the liquidation of such Mortgage Loan.
“Marker Rate”: With respect to the Class CE Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the REMIC II Remittance Rate for each of REMIC II Regular Interests XX-XXX0, XX-XXX0, XX-XXX0, XX-XXX0, II-LTM1, II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8, II-LTM9, II-LTM10, II-LTM11, II-LTM12 and II-LTZZ, with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interest II-LTZZ) subject to a cap equal to the lesser of (a) One-Month LIBOR plus the related Certificate Margin and (b) the related Net WAC Rate for the purpose of this calculation and, with the rate on REMIC II Regular Interest II-LTZZ, subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, calculations of the REMIC II Remittance Rate and the related caps with respect to such REMIC II Regular Interests (other than REMIC II Regular Interest II-LTZZ) shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Accrual Period and the denominator of which is 30.
“Maximum Cap Rate”: For any Distribution Date with respect to the Class A Certificates and the Mezzanine Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Adjusted Net Maximum Mortgage Rates of the Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12 minus (a) an amount, expressed as a percentage, equal to the product of (i) the Net Swap Payment, if any, paid by the Trust for such Distribution Date divided by the aggregate Stated Principal Balance of the Mortgage Loans and (ii) 12 and (b) an amount, expressed as a percentage, equal to the product of (i) the Swap Termination Payment, if any, due from the Trust (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) for such Distribution Date, divided by the aggregate Stated Principal Balance of the Mortgage Loans and (ii) 12.
“Maximum II-LTZZ Uncertificated Interest Deferral Amount”: With respect to any Distribution Date, the excess of (i) accrued interest at the REMIC II Remittance Rate applicable to REMIC II Regular Interest II-LTZZ for such Distribution Date on a balance equal to the Uncertificated Balance of REMIC II Regular Interest II-LTZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) Uncertificated Interest on REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12 for such Distribution Date, with the rate on each such REMIC II Regular Interest subject to a cap equal to the lesser of (a) One-Month LIBOR plus the related Certificate Margin and (b) the related Net WAC Rate; provided, however, each cap shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Accrual Period and the denominator of which is 30.
“Maximum Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.
“MERS”: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
“MERS® System”: The system of recording transfers of Mortgages electronically maintained by MERS.
“Mezzanine Certificate”: Any Class M-1 Certificate, Class M-2 Certificate, Class M-3 Certificate, Class M-4 Certificate, Class M-5 Certificate, Class M-6 Certificate, Class M-7 Certificate, Class M-8 Certificate, Class M-9 Certificate, Class M-10 Certificate, Class M-11 Certificate or Class M-12 Certificate.
“MIN”: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.
“Minimum Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.
“MOM Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.
“Monthly Interest Distributable Amount”: With respect to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates and any Distribution Date, the amount of interest accrued during the related Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance (or Notional Amount in the case of the Class CE Certificates) of such Class immediately prior to such Distribution Date, reduced (to not less than zero) by any Prepayment Interest Shortfalls (to the extent not covered by payments made by the Servicer pursuant to Section 3.24) and Relief Act Interest Shortfalls (allocated to each such Certificate based on its respective entitlements to interest irrespective of any Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date).
“Monthly Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of principal and interest on such Mortgage Loan, which is payable by the related Mortgagor from time to time under the related Mortgage Note, determined: (a) after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction with respect to such Mortgage Loan and (ii) any reduction in the amount of interest collectible from the related Mortgagor pursuant to the Relief Act; (b) without giving effect to any extension granted or agreed to by the Servicer pursuant to Section 3.07; and (c) on the assumption that all other amounts, if any, due under such Mortgage Loan are paid when due.
“Monthly Statement”: The statement prepared by the Trustee pursuant to Section 4.02.
“Moody’s”: Xxxxx’x Investors Service, Inc. or its successor in interest.
“Mortgage”: The mortgage, deed of trust or other instrument creating a first or second lien on, or first or second priority security interest in, a Mortgaged Property securing a Mortgage Note.
“Mortgage File”: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement.
“Mortgage Loan”: Each mortgage loan transferred and assigned to the Trustee and delivered to the Trustee pursuant to Section 2.01 or Section 2.03(b) of this Agreement as held from time to time as a part of the Trust, the Mortgage Loans so held being identified in the Mortgage Loan Schedule.
“Mortgage Loan Purchase Agreement”: The agreement among the Seller, NC Capital and the Depositor, regarding the sale of the Mortgage Loans by the Seller to the Depositor, substantially in the form of Exhibit D annexed hereto.
“Mortgage Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC I on such date, attached hereto as Schedule 1. The Mortgage Loan Schedule shall set forth the following information with respect to each Mortgage Loan:
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(1) |
the Mortgage Loan identifying number; |
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(2) |
[reserved]; |
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(3) |
the state and zip code of the Mortgaged Property; | ||
(4) a code indicating whether the Mortgaged Property was represented by the borrower, at the time of origination, as being owner-occupied;
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(5) |
the type of Residential Dwelling constituting the Mortgaged Property; | |
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(6) |
the original months to maturity; |
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(7) the stated remaining months to maturity from the Cut-off Date, based on the original amortization schedule;
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(8) |
the Loan-to-Value Ratio at origination; |
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(9) |
the Mortgage Rate in effect immediately following the Cut-off Date; |
(10) the date on which the first Monthly Payment was due on the Mortgage Loan;
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(11) |
the stated maturity date; |
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(12) |
the amount of the Monthly Payment at origination; |
(13) the amount of the Monthly Payment due on the first Due Date after the Cut-off Date;
(14) the last Due Date on which a Monthly Payment was actually applied to the unpaid Stated Principal Balance;
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(15) |
the original principal amount of the Mortgage Loan; |
(16) the Stated Principal Balance of the Mortgage Loan as of the close of business on the Cut-off Date;
(17) a code indicating the purpose of the Mortgage Loan (i.e., purchase financing, rate/term refinancing, cash-out refinancing);
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(18) |
the Mortgage Rate at origination; |
(19) a code indicating the documentation program (i.e., full documentation, limited documentation, stated income documentation);
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(20) |
the risk grade; |
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(21) |
the Value of the Mortgaged Property; |
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(22) |
the sale price of the Mortgaged Property, if applicable; | ||
(23) the actual unpaid principal balance of the Mortgage Loan as of the Cut-off Date;
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(24) |
the type and term of the related Prepayment Charge; |
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(25) |
the rounding code; |
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(26) |
the program code; |
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(27) |
a code indicating the lien priority for Mortgage Loans; | |||
(28) with respect to each Adjustable Rate Mortgage Loan, the Minimum Mortgage Rate, the Maximum Mortgage Rate, the Gross Margin, the next Adjustment Date and the Periodic Rate Cap;
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(29) |
the credit score (“FICO”) of such Mortgage Loan; and |
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(30) |
the total amount of points and fees charged such Mortgage Loan. |
The Mortgage Loan Schedule shall set forth the following information with respect to the Mortgage Loans in the aggregate as of the Cut-off Date: (1) the number of Mortgage Loans; (2) the current Stated Principal Balance of the Mortgage Loans; (3) the weighted average Mortgage Rate of the Mortgage Loans and (4) the weighted average maturity of the Mortgage Loans. The Mortgage Loan Schedule shall be amended from time to time by the
Depositor in accordance with the provisions of this Agreement. With respect to any Qualified Substitute Mortgage Loan, the Cut-off Date shall refer to the related Cut-off Date for such Mortgage Loan, determined in accordance with the definition of Cut-off Date herein.
“Mortgage Note”: The original executed note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan.
“Mortgage Pool”: The pool of Mortgage Loans, identified on Schedule 1 and existing from time to time thereafter, and any REO Properties acquired in respect thereof.
“Mortgage Rate”: With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, which rate with respect to the Adjustable-Rate Mortgage Loans, (A) as of any date of determination until the first Adjustment Date following the Cut-off Date, shall be the rate set forth in the Mortgage Loan Schedule as the Mortgage Rate in effect immediately following the Cut-off Date and (B) as of any date of determination thereafter shall be the rate as adjusted on the most recent Adjustment Date, equal to the sum, rounded to the nearest or next highest 0.125% as provided in the Mortgage Note, of the Index, as most recently available as of a date prior to the Adjustment Date as set forth in the related Mortgage Note, plus the related Gross Margin; provided that the Mortgage Rate on such Adjustable-Rate Mortgage Loan on any Adjustment Date shall never be more than the lesser of (i) the sum of the Mortgage Rate in effect immediately prior to the Adjustment Date plus the related Periodic Rate Cap, if any, and (ii) the related Maximum Mortgage Rate, and shall never be less than the greater of (i) the Mortgage Rate in effect immediately prior to the Adjustment Date less the Periodic Rate Cap, if any, and (ii) the related Minimum Mortgage Rate. With respect to each Mortgage Loan that becomes an REO Property, as of any date of determination, the annual rate determined in accordance with the immediately preceding sentence as of the date such Mortgage Loan became an REO Property.
“Mortgaged Property”: The underlying property securing a Mortgage Loan, including any REO Property, consisting of an Estate in Real Property improved by a Residential Dwelling.
“Mortgagor”: The obligor on a Mortgage Note.
“NC Capital”: NC Capital Corporation, a California corporation, or its successor in interest.
“Net Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other disposition of the related Mortgaged Property (including REO Property) the related Liquidation Proceeds and Insurance Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or related Mortgaged Property.
“Net Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A)
the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.
“Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.
“Net Swap Payment”: In the case of payments made by the Trust, the excess, if any, of (x) the Fixed Swap Payment over (y) the Floating Swap Payment and in the case of payments made by the Swap Provider, the excess, if any, of (x) the Floating Swap Payment over (y) the Fixed Swap Payment. In each case, the Net Swap Payment shall not be less than zero.
“Net WAC Rate”: For any Distribution Date with respect to the Class A and Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period. For federal income tax purposes, the equivalent of the foregoing shall be expressed as the weighted average of the REMIC II Remittance Rate on the REMIC II Regular Interests, weighted on the basis of the Uncertificated Balance of each such REMIC II Regular Interest.
“Net WAC Rate Carryover Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.
“Net WAC Rate Carryover Reserve Account”: The account established and maintained pursuant to Section 4.07.
“New Lease”: Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.
“NIMS Insurer”: Any insurer that is guaranteeing certain payments under notes secured by collateral which includes all or a portion of the Class CE Certificates, the Class P Certificates and/or the Class R Certificates.
“Nonrecoverable Advance”: Any Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer, will not or, in the case of a proposed Advance, would not, be ultimately
recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.
“Nonrecoverable Servicing Advance”: Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer, will not or, in the case of a proposed Servicing Advance, would not, be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.
“Non-United States Person”: Any Person other than a United States Person.
“Notional Amount”: With respect to the Class CE Interest and any Distribution Date, the aggregate Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTP) for such Distribution Date.
“Officer’s Certificate”: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President or a vice president (however denominated), and by the Treasurer, the Secretary, or one of the assistant treasurers or assistant secretaries of the Servicer, the Originator, NC Capital, the Seller or the Depositor, as applicable.
“One-Month LIBOR”: With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12 and any Accrual Period therefor, the rate determined by the Trustee on the related Interest Determination Date on the basis of the offered rate for one-month U.S. dollar deposits, as such rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such Interest Determination Date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the offered rates of the Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Interest Determination Date. In such event, the Trustee will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such Interest Determination Date, two or more Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the arithmetic mean of such offered quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If on such Interest Determination Date, fewer than two Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the higher of (i) One-Month LIBOR as determined on the previous Interest Determination Date and (ii) the Reserve Interest Rate. Notwithstanding the foregoing, if, under the priorities described above, One-Month LIBOR for an Interest Determination Date would be based on LIBOR for the previous Interest Determination Date for the third consecutive Interest Determination Date, the Trustee shall select, after consultation with the NIMS Insurer, an alternative comparable index (over which the Trustee has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.
“Opinion of Counsel”: A written opinion of counsel, who may, without limitation, be salaried counsel for the Depositor, the Seller or the Servicer, acceptable to the Trustee, except that any opinion of counsel relating to (a) the qualification of any Trust REMIC as a REMIC or (b) compliance with the REMIC Provisions must be an opinion of Independent counsel.
“Original Mortgage Loan”: Any of the Mortgage Loans included in REMIC I as of the Closing Date.
“Originator”: New Century Mortgage Corporation, a California corporation.
“Overcollateralization Deficiency Amount”: With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the Principal Distribution Amount on such Distribution Date).
“Overcollateralization Release Amount”: With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.
“Overcollateralization Target Amount”: With respect to any Distribution Date, (i) 1.80% of the Cut-off Date Principal Balance of the Mortgage Loans, (ii) on or after the Stepdown Date, provided that a Trigger Event is not in effect, the greater of (x) 3.60% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) $4,513,937.90, or (iii) on or after the Stepdown Date if a Trigger Event is in effect, the Overcollateralization Target Amount for the immediately preceding Distribution Date. Notwithstanding the foregoing, on and after any Distribution Date following the reduction of the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates to zero, the Overcollateralization Target Amount shall be zero.
“Overcollateralized Amount”: For any Distribution Date, the amount equal to (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) as of the related Determination Date minus (ii) the aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates as of such Distribution Date after giving effect to distributions to be made on such Distribution Date.
“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”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, a rate per annum equal to the lesser of (i) the related
Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
With respect to the Class CE Interest and any Distribution Date, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is (x) the sum of (i) 100% of the interest on REMIC II Regular Interest II-LTP and (ii) interest on the Uncertificated Balance of each REMIC II Regular Interest listed in clause (y) at a rate equal to the related REMIC II Remittance Rate minus the Marker Rate and the denominator of which is (y) the aggregate Uncertificated Balance of REMIC II Regular Interests XX-XXXX, XX-XXX0, XX-XXX0, XX-XXX0, XX-XXX0, II-LTM1, II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8, II-LTM9, II-LTM10, II-LTM11, II-LTM12 and II-LTZZ.
With respect to the Class CE Certificates, 100% of the interest distributable to the Class CE Interest, expressed as a per annum rate.
With respect to the Class SWAP-IO Interest, the Class SWAP-IO Interest shall not have a Pass-Through Rate, but interest for such Regular Interest and each Distribution Date shall be an amount equal to 100% of the amounts distributable to REMIC II Regular Interest II-LTIO for such Distribution Date.
“Percentage Interest”: With respect to any Class of Certificates (other than the Residual Certificates), the undivided percentage ownership in such Class evidenced by such Certificate, expressed as a percentage, the numerator of which is the initial Certificate Principal Balance or Notional Amount represented by such Certificate and the denominator of which is the aggregate initial Certificate Principal Balance or Notional Amount of all of the Certificates of such Class. The Class A Certificates and the Mezzanine Certificates are issuable only in minimum Percentage Interests corresponding to minimum initial Certificate Principal Balances of $25,000 and integral multiples of $1.00 in excess thereof. The Class P Certificates are issuable only in Percentage Interests corresponding to initial Certificate Principal Balances of $20 and integral multiples thereof. The Class CE Certificates are issuable only in minimum Percentage Interests corresponding to minimum initial Certificate Principal Balances of $10,000 and integral multiples of $1.00 in excess thereof; provided, however, that a single Certificate of each such Class of Certificates may be issued having a Percentage Interest corresponding to the remainder of the aggregate initial Certificate Principal Balance or Notional Amount of such Class or to an otherwise authorized denomination for such Class plus such remainder. With respect to any Residual Certificate, the undivided percentage ownership in such Class evidenced by such Certificate, as set forth on the face of such Certificate. The Residual Certificates are issuable in Percentage Interests of 20% and multiples thereof.
“Periodic Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment Date therefor, the fixed percentage set forth in the related Mortgage Note, which is the maximum amount by which the Mortgage Rate for such Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage Rate) on such Adjustment Date (other than the first Adjustment Date) from the Mortgage Rate in effect immediately prior to such Adjustment Date.
“Permitted Investments”: Any one or more of the following obligations or securities acquired at a purchase price of not greater than par, regardless of whether issued or managed by the Depositor, the Servicer, the NIMS Insurer, the Trustee or any of their respective Affiliates or for which an Affiliate of the NIMS Insurer or the Trustee serves as an advisor:
(i) direct obligations of, or obligations fully guaranteed as to timely payment of principal and interest by, the United States or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States;
(ii) (A) demand and time deposits in, certificates of deposit of, bankers’ acceptances issued by or federal funds sold by any depository institution or trust company (including the Trustee or its agent acting in their respective commercial capacities) incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state authorities, so long as, at the time of such investment or contractual commitment providing for such investment, such depository institution or trust company (or, if the only Rating Agency is S&P, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) or its ultimate parent has a short-term uninsured debt rating in the highest available rating category of Xxxxx’x, Fitch and S&P and provided that each such investment has an original maturity of no more than 365 days; and provided further that, if the only Rating Agency is S&P and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be “A-1+” in the case of S&P, if S&P is the Rating Agency; and (B) any other demand or time deposit or deposit which is fully insured by the FDIC;
(iii) repurchase obligations with a term not to exceed 30 days with respect to any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) rated A-1+ or higher by S&P, F-1+ or higher by Fitch and A2 or higher by Xxxxx’x; provided, however, that collateral transferred pursuant to such repurchase obligation must be of the type described in clause (i) above and must (A) be valued daily at current market prices plus accrued interest, (B) pursuant to such valuation, be equal, at all times, to 105% of the cash transferred by the Trustee in exchange for such collateral and (C) be delivered to the Trustee or, if the Trustee is supplying the collateral, an agent for the Trustee, in such a manner as to accomplish perfection of a security interest in the collateral by possession of certificated securities;
(iv) securities bearing interest or sold at a discount that are issued by any corporation incorporated under the laws of the United States of America or any State thereof and that are rated by a Rating Agency in its highest long-term unsecured rating category at the time of such investment or contractual commitment providing for such investment;
(v) commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than 30 days after the date of acquisition thereof) that is rated by a Rating Agency in its highest short-term unsecured debt rating available at the time of such investment;
(vi) units of money market funds, including those managed or advised by the Trustee or its Affiliates, that have been rated “AAA” by S&P, “AAA” by Fitch (if so rated by Fitch) and “Aaa” by Xxxxx’x; and
(vii) if previously confirmed in writing to the Trustee and consented to by the NIMS Insurer, any other demand, money market or time deposit, or any other obligation, security or investment, as may be acceptable to the Rating Agencies in writing as a permitted investment of funds backing securities having ratings equivalent to its highest initial rating of the Class A Certificates;
provided, that no instrument described hereunder shall evidence either the right to receive (a) only interest with respect to the obligations underlying such instrument or (b) both principal and interest payments derived from obligations underlying such instrument and the interest and principal payments with respect to such instrument provide a yield to maturity at par greater than 120% of the yield to maturity at par of the underlying obligations.
“Permitted Transferee”: Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.
“Person”: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
“Plan”: Any employee benefit plan or certain other retirement plans and arrangements, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that are subject to ERISA or Section 4975 of the Code.
“Prepayment Assumption”: As defined in the Prospectus Supplement.
“Prepayment Charge”: With respect to any Prepayment Period, any prepayment premium, fee, penalty or charge payable by a Mortgagor in connection with any full or partial Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note. (other than any Servicer Prepayment Charge Payment Amount).
“Prepayment Charge Schedule”: As of any date, the list of Prepayment Charges on the Mortgage Loans included in REMIC I on such date, attached hereto as Schedule 2. The Prepayment Charge Schedule shall set forth the following information with respect to each related Mortgage Loan:
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(i) |
the Mortgage Loan identifying number; |
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(ii) |
a code indicating the type of Prepayment Charge; |
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(iii) |
the state of origination of the related Mortgage Loan; |
(iv) the date on which the first monthly payment was due on the related Mortgage Loan;
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(v) |
the term of the related Mortgage Loan; and |
(vi) the Stated Principal Balance of the related Mortgage Loan as of the Cut-off Date.
The Prepayment Charge Schedule shall be amended from time to time by the Depositor in accordance with the provisions of this Agreement and a copy of such amended Prepayment Charge Schedule shall be furnished by the Depositor to the NIMS Insurer.
“Prepayment Interest Excess”: With respect to any Distribution Date, for each Mortgage Loan that was the subject of a Principal Prepayment in full during the portion of the related Prepayment Period commencing on the first day of the calendar month in which the Distribution Date occurs and ending on the last day of the related Prepayment Period, an amount equal to interest (to the extent received) at the applicable Net Mortgage Rate on the amount of such Principal Prepayment for the number of days commencing on the first day of the calendar month in which such Distribution Date occurs and ending on the date on which such prepayment is so applied.
“Prepayment Interest Shortfall”: With respect to any Distribution Date, for each Mortgage Loan that was the subject of a Principal Prepayment in full during the portion of the related Prepayment Period commencing on the first day of the related Prepayment Period and ending on the last day of the calendar month preceding the month in which such Distribution Date occurs, an amount equal to interest on the Mortgage Loan at the applicable Net Mortgage Rate on the amount of such Principal Prepayment for the number of days commencing on the date such Principal Prepayment was applied and ending on the last day of the calendar month preceding the month in which such Distribution Date occurs.
“Prepayment Period”: With respect to any Distribution Date and any Principal Prepayment in full, the period commencing on the 16th day of the calendar month preceding the calendar month in which such Distribution Date occurs (or, in the case of the first Distribution Date, commencing on November 1, 2005) and ending on the 15th day of the calendar month in which such Distribution Date occurs and for any Distribution Date and any Principal Prepayment in part, the calendar month preceding the month in which such Distribution Date occurs.
“Principal Balance”: As to any Mortgage Loan other than a Liquidated Mortgage Loan, and any day, the related Cut-off Date Principal Balance, minus all collections credited against the Cut-off Date Principal Balance of any such Mortgage Loan. For purposes of this definition, a Liquidated Mortgage Loan shall be deemed to have a Principal Balance equal to the Principal Balance of the related Mortgage Loan as of the final recovery of related Liquidation Proceeds and a Principal Balance of zero thereafter. As to any REO Property and any day, the Principal Balance of the related Mortgage Loan immediately prior to such Mortgage Loan
becoming REO Property minus any REO Principal Amortization received with respect thereto on or prior to such day.
“Principal Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan which is received in advance of its scheduled Due Date and which is not accompanied by an amount of interest representing the full amount of scheduled interest due on any Due Date in any month or months subsequent to the month of prepayment.
“Principal Distribution Amount”: For any Distribution Date will be the sum of (i) the principal portion of all scheduled monthly payments on the Mortgage Loans due during the related Due Period, whether or not received on or prior to the related Determination Date; (ii) the principal portion of all proceeds received in respect of the repurchase of a Mortgage Loan (or, in the case of a substitution, certain amounts representing a principal adjustment) during the related Prepayment Period; (iii) the principal portion of all related Net Liquidation Proceeds, Insurance Proceeds, Subsequent Recoveries and all full and partial principal prepayments, received during the related Prepayment Period, to the extent applied as recoveries of principal on the Mortgage Loans and (iv) any Extra Principal Distribution Amount for such Distribution Date minus (v) any Overcollateralization Release Amount for such Distribution Date. In no event will the Principal Distribution Amount with respect to any Distribution Date be (x) less than zero or (y) greater than the then outstanding aggregate Certificate Principal Balance of the Class A and Mezzanine Certificates.
“Principal Remittance Amount”: With respect to any Distribution Date, the sum of the amounts set forth in clauses (i) through (iii) of the definition of Principal Distribution Amount.
“Prospectus Supplement”: That certain Prospectus Supplement dated November 23, 2005 relating to the public offering of the Class A Certificates and the Mezzanine Certificates.
“Purchase Price”: With respect to any Mortgage Loan or REO Property to be purchased pursuant to or as contemplated by Section 2.03, Section 3.16(c) or Section 9.01, and as confirmed by an Officer’s Certificate from the Servicer and to the Trustee, an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof as of the date of purchase (or such other price as provided in Section 9.01), (ii) in the case of (x) a Mortgage Loan, accrued interest on such Stated Principal Balance at the applicable Net Mortgage Rate in effect from time to time from the Due Date as to which interest was last covered by a payment by the Mortgagor or an Advance which payment or Advance had as of the date of purchase been distributed pursuant to Section 4.01, through the end of the calendar month in which the purchase is to be effected and (y) an REO Property, the sum of (1) accrued interest on such Stated Principal Balance at the applicable Net Mortgage Rate in effect from time to time from the Due Date as to which interest was last covered by a payment by the Mortgagor or an Advance through the end of the calendar month immediately preceding the calendar month in which such REO Property was acquired, plus (2) REO Imputed Interest for such REO Property for each calendar month commencing with the calendar month in which such REO Property was acquired and ending with the calendar month in which such purchase is to be effected, net of the total of all net rental income, Insurance Proceeds, Liquidation Proceeds and Advances that as of the date of purchase had been
distributed as or to cover REO Imputed Interest pursuant to Section 4.01, (iii) any unreimbursed Advances and Servicing Advances (including Nonrecoverable Advances and Nonrecoverable Servicing Advances) and any unpaid Servicing Fees allocable to such Mortgage Loan or REO Property, (iv) any amounts previously withdrawn from the Collection Account in respect of such Mortgage Loan or REO Property pursuant to Section 3.11(a)(ix) and Section 3.16(b), and (v) in the case of a Mortgage Loan required to be purchased pursuant to Section 2.03, expenses reasonably incurred or to be incurred by the Servicer, the NIMS Insurer or the Trustee in respect of the breach or defect giving rise to the purchase obligation, including any costs and damages incurred by the Trust in connection with any violation by such loan of any predatory or abusive lending law.
“Qualified Substitute Mortgage Loan”: A mortgage loan substituted for a Deleted Mortgage Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding Stated Principal Balance, after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of, and not more than 5% less than, the Stated Principal Balance of the Deleted Mortgage Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Rate not less than (and not more than one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage Loan, (iii) with respect to any Adjustable-Rate Mortgage Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate of the Deleted Mortgage Loan, (iv) with respect to any Adjustable-Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) with respect to any Adjustable-Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (vi) with respect to any Adjustable-Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on 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 Deleted Mortgage Loan, (viii) have the same Due Date as the Due Date on the Deleted Mortgage Loan, (ix) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Mortgage Loan as of such date, (x) have a risk grading determined by the Originator at least equal to the risk grading assigned on the Deleted Mortgage Loan, (xi) have a Prepayment Charge provision at least equal to the Prepayment Charge provision in the Deleted Mortgage Loan, (xii) [reserved] and (xiii) conform to each representation and warranty set forth in Section 6 of the Mortgage Loan Purchase Agreement applicable to the Deleted Mortgage Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Mortgage Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate principal balances, the Mortgage Rates described in clause (ii) hereof shall be determined on the basis of weighted average Mortgage Rates, the terms described in clause (vii) hereof shall be determined on the basis of weighted average remaining term to maturity, the Loan-to-Value Ratios described in clause (ix) hereof shall be satisfied as to each such mortgage loan, the risk gradings described in clause (x) hereof shall be satisfied as to each such mortgage loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clause (xiii) hereof must be satisfied as to each Qualified Substitute Mortgage Loan or in the aggregate, as the case may be.
“Rating Agency or Rating Agencies”: Xxxxx’x, Fitch and S&P or their successors. If such agencies or their successors are no longer in existence, “Rating Agencies”
shall be such nationally recognized statistical rating agencies, or other comparable Persons, designated by the Depositor, notice of which designation shall be given to the Trustee and the Servicer.
“Realized Loss”: With respect to any Liquidated Mortgage Loan or any Mortgage Loan charged off by the Servicer pursuant to this Agreement, the amount of loss realized equal to the portion of the Stated Principal Balance remaining unpaid after application of all Net Liquidation Proceeds in respect of such Mortgage Loan. If the Servicer receives Subsequent Recoveries with respect to any Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage Loan will be reduced to the extent such recoveries are applied to principal distributions on any Distribution Date.
“Record Date”: With respect to each Distribution Date and any Book-Entry Certificate, the Business Day immediately preceding such Distribution Date. With respect to each Distribution Date and any other Certificates, including any Definitive Certificates, the last Business Day of the month immediately preceding the month in which such Distribution Date occurs.
“Reference Banks”: Deutsche Bank AG, Xxxxxxx’x Bank PLC, The Tokyo Mitsubishi Bank and National Westminster Bank PLC and their successors in interest; provided, however, that if any of the foregoing banks are not suitable to serve as a Reference Bank, then any leading banks selected by the Trustee (after consultation with the NIMS Insurer) which are engaged in transactions in Eurodollar deposits in the international Eurocurrency market (i) with an established place of business in London, (ii) not controlling, under the control of or under common control with the Depositor or any Affiliate thereof and (iii) which have been designated as such by the Trustee.
“Refinanced Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.
“Regular Certificate”: Any Class A Certificate, Mezzanine Certificate, Class CE Certificate or Class P Certificate.
“Regular Interest”: A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.
“Relief Act”: The Servicemembers Civil Relief Act and any similar state laws.
“Relief Act Interest Shortfall”: With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act or any similar state or local law.
“REMIC”: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.
“REMIC I”: The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is
to be made, consisting of: (i) such Mortgage Loans and Prepayment Charges as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof; (ii) any REO Property, together with all collections thereon and proceeds thereof; (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies, required to be maintained pursuant to this Agreement and any proceeds thereof; (iv) the Depositor’s rights under the Mortgage Loan Purchase Agreement (including any security interest created thereby); and (v) the Collection Account (other than any amounts representing any Servicer Prepayment Charge Payment Amount), the Distribution Account (other than any amounts representing any Servicer Prepayment Charge Payment Amount) and any REO Account, and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes the Net WAC Rate Carryover Reserve Account, the Interest Rate Swap Agreement, the Swap Account, the Supplemental Interest Trust, any Servicer Prepayment Charge Payment Amounts, all payments and other collections of principal and interest due on the Mortgage Loans on or before the Cut-off Date and all Prepayment Charges payable in connection with Principal Prepayments made before the Cut-off Date.
“REMIC I Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a “regular interest” in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Principal Balance as set forth in the Preliminary Statement hereto. The designations for the respective REMIC I Regular Interests are set forth in the Preliminary Statement hereto.
“REMIC I Remittance Rate”: With respect to REMIC I Regular Interest I, a per annum rate equal to the weighted average Adjusted Net Mortgage Rate of the Mortgage Loans. With respect to each REMIC I Regular Interest ending with the designation “A”, a per annum rate equal to the weighted average Adjusted Net Mortgage Rate of the Mortgage Loans multiplied by 2, subject to a maximum rate of 8.9150%. With respect to each REMIC I Regular Interest ending with the designation “B”, the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average Net Mortgage Rate of the Mortgage Loans over (ii) 8.9150% and (y) 0.00%.
“REMIC II”: The segregated pool of assets consisting of all of the REMIC I Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC II Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
“REMIC II Interest Loss Allocation Amount”: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Periods for the indicated Regular Interests for such Distribution Date) equal to (a) the product of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest II-LTAA minus the Marker Rate, divided by (b) 12.
“REMIC II Overcollateralized Amount”: With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTP and REMIC II Regular Interest II-LTIO) minus (ii) the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12, in each case as of such date of determination.
“REMIC II Principal Loss Allocation Amount”: With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12 and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12, and REMIC II Regular Interest II-LTZZ.
“REMIC II Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal (other than REMIC II Regular Interest II-LTIO), subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The REMIC II Regular Interests are as follows: REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12, REMIC II Regular Interest II-LTP, REMIC II Regular Interest I-TLZZ and REMIC II Regular Interest II-LTIO. REMIC II Regular Interest II-LTP shall also be entitled to any Prepayment Charges received by the Trust Fund.
“REMIC II Remittance Rate”: With respect to REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12, REMIC II Regular Interest II-LTZZ, REMIC II Regular Interest II-LTP, a per annum rate (but not less than zero) equal to the weighted average of (w) with respect to REMIC I Regular Interests ending with the designation “B”, the weighted average of the REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Principal Balance of such REMIC I Regular Interests for each such Distribution Date and (x) with respect to REMIC I Regular Interests ending with the designation “A”, for each Distribution Date listed below, the weighted average of the rates listed below for each such REMIC I Regular Interest listed below, weighted on the basis of the Uncertificated Principal Balance of each such REMIC I Regular Interest for each such Distribution Date:
Distribution Date |
REMIC I Regular Interest |
Rate |
1 |
I-1-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
2 |
I-2-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A |
REMIC I Remittance Rate |
3 |
I-3-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A and I-2-A |
REMIC I Remittance Rate |
4 |
I-4-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-3-A |
REMIC I Remittance Rate |
5 |
I-5-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-4-A |
REMIC I Remittance Rate |
6 |
I-6-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-5-A |
REMIC I Remittance Rate |
7 |
I-7-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-6-A |
REMIC I Remittance Rate |
8 |
I-8-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-7-A |
REMIC I Remittance Rate |
9 |
I-9-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-8-A |
REMIC I Remittance Rate |
10 |
I-10-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-9-A |
REMIC I Remittance Rate |
11 |
I-11-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-10-A |
REMIC I Remittance Rate |
12 |
I-12-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-11-A |
REMIC I Remittance Rate |
13 |
I-13-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-12-A |
REMIC I Remittance Rate |
14 |
I-14-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-13-A |
REMIC I Remittance Rate |
15 |
I-15-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-14-A |
REMIC I Remittance Rate |
16 |
I-16-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-15-A |
REMIC I Remittance Rate |
17 |
I-17-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-16-A |
REMIC I Remittance Rate |
18 |
I-18-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-17-A |
REMIC I Remittance Rate |
19 |
I-19-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-18-A |
REMIC I Remittance Rate |
20 |
I-20-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-19-A |
REMIC I Remittance Rate |
21 |
I-21-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-20-A |
REMIC I Remittance Rate |
22 |
I-22-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-21-A |
REMIC I Remittance Rate |
23 |
I-23-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-22-A |
REMIC I Remittance Rate |
24 |
I-24-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-23-A |
REMIC I Remittance Rate |
25 |
I-25-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-24-A |
REMIC I Remittance Rate |
26 |
I-26-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-25-A |
REMIC I Remittance Rate |
27 |
I-27-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-26-A |
REMIC I Remittance Rate |
28 |
I-28-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-27-A |
REMIC I Remittance Rate |
29 |
I-29-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-28-A |
REMIC I Remittance Rate |
30 |
I-30-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-29-A |
REMIC I Remittance Rate |
31 |
I-31-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-30-A |
REMIC I Remittance Rate |
32 |
I-32-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-31-A |
REMIC I Remittance Rate |
33 |
I-33-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-32-A |
REMIC I Remittance Rate |
34 |
I-34-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-33-A |
REMIC I Remittance Rate |
35 |
I-35-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-34-A |
REMIC I Remittance Rate |
36 |
I-36-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-35-A |
REMIC I Remittance Rate |
37 |
I-37-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-36-A |
REMIC I Remittance Rate |
38 |
I-38-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-37-A |
REMIC I Remittance Rate |
39 |
I-39-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-38-A |
REMIC I Remittance Rate |
40 |
I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
|
I-1-A through I-39-A |
REMIC I Remittance Rate |
thereafter |
I-41-A through I-40-A |
2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate |
With respect to REMIC 2 Regular Interest LT-IO, the excess of (i) the weighted average of the REMIC I Remittance Rates for REMIC I Regular Interests ending with the designation “A”, over (ii) 2 multiplied by Swap LIBOR.
“REMIC II Required Overcollateralized Amount”: 1.00% of the Overcollateralization Target Amount.
“REMIC III”: The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
“REMIC III Certificate”: Any Regular Certificate (other than a Class CE Certificate or Class P Certificate) or Class R Certificate.
“REMIC III Certificateholder”: The Holder of any REMIC III Certificate.
“REMIC III Regular Interest”: Any Class A Certificate, Mezzanine Certificate, the Class CE Interest, the Class P Interest or Class Swap-IO Interest.
“REMIC IV”: The segregated pool of assets consisting of all of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class CE Certificates and the Class R-X Certificate (in respect of the Class R-IV Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
“REMIC V”: The segregated pool of assets consisting of all of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Class P Certificates and the Class R-X Certificate (in respect of the Class R-V Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
“REMIC VI”: The segregated pool of assets consisting of all of the Class Swap-IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of the REMIC VI Regular Interest SWAP-IO and the Class R-X Certificate (in respect of the Class R-VI Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.
“REMIC Provisions”: Provisions of the federal income tax law relating to REMICs, which appear at Section 860A through 860G of the Code, and related provisions, and proposed, temporary and final regulations and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time.
“REMIC Regular Interest”: Any REMIC I Regular Interest, REMIC II Regular Interest, REMIC III Regular Interest or REMIC VI Regular Interest SWAP-IO.
“REMIC Remittance Rate”: The REMIC I Remittance Rate or the REMIC II Remittance Rate.
“Remittance Report”: A report prepared by the Servicer and delivered to the Trustee and the NIMS Insurer pursuant to Section 4.03.
“Rents from Real Property”: With respect to any REO Property, gross income of the character described in Section 856(d) of the Code as being included in the term “rents from real property.”
“REO Account”: The account or accounts maintained, or caused to be maintained, by the Servicer in respect of an REO Property pursuant to Section 3.23.
“REO Disposition”: The sale or other disposition of an REO Property on behalf of REMIC I.
“REO Imputed Interest”: As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month’s interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.
“REO Principal Amortization”: With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to Section 3.23(c) in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer pursuant to Section 3.23(d) for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Advances and Servicing Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.
“REO Property”: A Mortgaged Property acquired by the Servicer on behalf of REMIC I through foreclosure or deed-in-lieu of foreclosure, as described in Section 3.23.
“Request for Release”: A request for release in such electronic or other format as shall be mutually agreeable by the Trustee and the Servicer, in substantially the form of Exhibit E attached hereto.
“Reserve Interest Rate”: With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.
“Residential Dwelling”: Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a
Xxxxxx Xxx eligible condominium project, (iv) a manufactured home, or (v) a detached one-family dwelling in a planned unit development, none of which is a co-operative or mobile home.
“Residual Certificate”: Any one of the Class R Certificates and the Class R-X Certificates.
“Residual Interest”: The sole class of “residual interests” in a REMIC within the meaning of Section 860G(a)(2) of the Code.
“Responsible Officer”: When used with respect to the Trustee, the Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman or Vice Chairman of the Executive or Standing Committee of the Board of Directors or Trustees, the President, the Chairman of the Committee on Trust Matters, any vice president, any assistant vice president, the Secretary, any assistant secretary, the Treasurer, any assistant treasurer, the Cashier, any assistant cashier, any trust officer or assistant trust officer, the Controller and any assistant controller or any other officer of the Trustee, customarily performing functions similar to those performed by any of the above designated officers and, with respect to a particular matter, to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.
“S&P”: Standard & Poor’s Ratings Services, a division of the XxXxxx-Xxxx Companies, Inc. or its successor in interest.
“Seller”: UBS Real Estate Securities Inc. or its successor in interest, in its capacity as seller under the Mortgage Loan Purchase Agreement.
“Senior Principal Distribution Amount”: The excess of (x) the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 59.90% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $4,513,937.90.
“Servicer”: Ocwen Loan Servicing, LLC or its successor in interest, in its capacity as servicer hereunder.
“Servicer Event of Default”: One or more of the events described in Section 7.01.
“Servicer Prepayment Charge Payment Amount”: The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.
“Servicer Remittance Date”: With respect to any Distribution Date, by 1:00 p.m. New York time on the 18th day of the month in which such Distribution Date occurs, or if such 18th day is not a Business Day, the immediately following Business Day.
“Servicer Termination Test”: With respect to any Distribution Date, the Servicer Termination Test shall not be satisfied if either:
(a) the Cumulative Loss Percentage exceeds (i) in months 1 through 24, 2.50%, (ii) in months 25 through 36, 4.00%, (iii) in months 37 through 48, 5.25% and (iv) in month 49 and thereafter, 6.70%; or
|
(b) |
the Delinquency Percentage exceeds 20.00%. |
“Servicing Account”: The account or accounts created and maintained pursuant to Section 3.09.
“Servicing Advances”: All customary, reasonable and necessary “out of pocket” costs and expenses (including reasonable attorneys’ fees and disbursements), other than Advances, incurred by the Servicer or a Prior Servicer (to be reimbursed by the Servicer) prior to, on or after the Cut-off Date in the performance of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration, inspection and protection of the Mortgaged Property, (ii) any enforcement or judicial proceedings, including foreclosures, in respect of a particular Mortgage Loan, (iii) the management and liquidation of the REO Property (including any fees of an independent contractor (such as a real estate broker) engaged by the Servicer in connection with such activity), (iv) taxes, assessments, water rates, sewer rents and other charges which are or may become a lien upon the Mortgaged Property and (v) obtaining any legal documentation required to be included in the Mortgage File and/or correcting any outstanding title issues (i.e. any lien or encumbrance on the Mortgaged Property that prevents the effective enforcement of the intended lien position) reasonably necessary for the Servicer to perform its obligations under this Agreement. Servicing Advances also include any reasonable “out-of-pocket” costs and expenses (including legal fees) incurred by the Servicer in connection with executing and recording instruments of satisfaction, deeds of reconveyance or Assignments of Mortgage in connection with any foreclosure in respect of any Mortgage Loan to the extent not recovered from the related Mortgagor or otherwise payable under this Agreement. The Servicer shall not be required to make any Servicing Advance that would be a Nonrecoverable Servicing Advance.
“Servicing Fee”: With respect to each Mortgage Loan and for any calendar month, an amount equal to one-twelfth of the Servicing Fee Rate (without regards to the words “per annum” in the definition thereof) multiplied by the Stated Principal Balance of the Mortgage Loans as of the first day of the related Due Period.
“Servicing Fee Rate”: 0.50% per annum.
“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 by the Servicer to the Trustee upon request, as such list may from time to time be amended.
“Servicing Transfer Costs”: Shall mean all reasonable costs and expenses incurred by the Trustee in connection with the transfer of servicing from a predecessor servicer, including,
without limitation, any reasonable costs or expenses associated with the complete transfer of all servicing data and the completion, correction or manipulation of such servicing data as may be required by the Trustee to correct any errors or insufficiencies in the servicing data or otherwise to enable the Trustee to service the Mortgage Loans properly and effectively.
“Single Certificate”: With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 100% Percentage Interest in such Class.
“Startup Day”: With respect to each Trust REMIC, the day designated as such pursuant to Section 10.01(b) hereof.
“Stated Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of determination up to but not including the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan would be distributed, the Cut-off Date Principal Balance of such Mortgage Loan, as shown in the Mortgage Loan Schedule, minus the sum of (i) the principal portion of each Monthly Payment due on a Due Date subsequent to the Cut-off Date, to the extent received from the Mortgagor or advanced by the Servicer and distributed pursuant to Section 4.01 on or before such date of determination, (ii) all Principal Prepayments received after the Cut-off Date, to the extent distributed pursuant to Section 4.01 on or before such date of determination, (iii) all Liquidation Proceeds and Insurance Proceeds applied by the Servicer as recoveries of principal in accordance with the provisions of Section 3.16, to the extent distributed pursuant to Section 4.01 on or before such date of determination, and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation made during or prior to the Prepayment Period for the most recent Distribution Date coinciding with or preceding such date of determination; and (b) as of any date of determination coinciding with or subsequent to the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan would be distributed, zero. With respect to any REO Property: (a) as of any date of determination up to but not including the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such REO Property would be distributed, an amount (not less than zero) equal to the Stated Principal Balance of the related Mortgage Loan as of the date on which such REO Property was acquired on behalf of REMIC I, minus the sum of (i) if such REO Property was acquired before the Distribution Date in any calendar month, the principal portion of the Monthly Payment due on the Due Date in the calendar month of acquisition, to the extent advanced by the Servicer and distributed pursuant to Section 4.01 on or before such date of determination, and (ii) the aggregate amount of REO Principal Amortization in respect of such REO Property for all previously ended calendar months, to the extent distributed pursuant to Section 4.01 on or before such date of determination; and (b) as of any date of determination coinciding with or subsequent to the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such REO Property would be distributed, zero.
“Stepdown Date”: The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero and (ii) the later to occur of (x) the Distribution Date occurring in December 2008 and (y) the first
Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account payments of principal on the Mortgage Loans but prior to distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) For the Class A Certificates is equal to or greater than 40.10%.
“Subordinate Certificates”: The Mezzanine Certificates and the Class CE Certificates.
“Sub-Servicer”: Any Person with which the Servicer has entered into a Sub-Servicing Agreement.
“Sub-Servicing Account”: An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Servicer.
“Sub-Servicing Agreement”: The written contract between the Servicer and a Sub-Servicer, relating to servicing and administration of certain Mortgage Loans, which meets the requirements set forth in Section 3.02.
“Subsequent Recoveries”: As of any Distribution Date, unexpected amounts received by the Servicer (net of any related expenses permitted to be reimbursed to the Servicer) specifically related to a Mortgage Loan that was the subject of a liquidation or an REO Disposition prior to the related Prepayment Period that resulted in a Realized Loss.
“Substitution Adjustment Amount”: As defined in Section 2.03(b).
“Supplemental Interest Trust”: As defined in Section 4.08(a).
“Supplemental Interest Trust Trustee”: U.S. Bank National Association, a national banking association, not in its individual capacity but solely in its capacity as supplemental interest trust trustee, and any successor thereto.
“Swap Administration Agreement”: As defined in Section 4.08(b).
“Swap Account”: The account or accounts created and maintained pursuant to Section 4.08. The Swap Account must be an Eligible Account.
“Swap Administrator”: U.S. Bank National Association, a national banking association, or any successor in interest not in its individual capacity but solely as swap administrator under the Swap Administration Agreement, or any successor swap administrator appointed pursuant to the Swap Administration Agreement.
“Swap Interest Shortfall Amount”: Any shortfall of interest with respect to any Class of Certificates resulting from the application of the Net WAC Rate due to a discrepancy between the Uncertificated Notional Amount of the Class SWAP-IO Interest and the scheduled notional amount pursuant to the Swap Administration Agreement.
“Swap LIBOR”: A per annum rate equal to the floating rate payable by the Swap Provider under the Swap Agreement.
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“Swap Provider”: |
UBS AG. |
“Swap Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.
“Swap Termination Payment”: The payment due under the Interest Rate Swap Agreement upon the early termination of the Interest Rate Swap Agreement.
“Tax Returns”: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of the Trust Fund due to the classification of portions thereof as REMICs under the REMIC Provisions, together with any and all other information reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws.
“Telerate Page 3750”: The display designated as page “3750” on the Dow Xxxxx Telerate Capital Markets Report (or such other page as may replace page 3750 on that report for the purpose of displaying London interbank offered rates of major banks).
“Termination Price”: As defined in Section 9.01.
“Terminator”: As defined in Section 9.01.
“Transfer”: Any direct or indirect transfer, sale, pledge, hypothecation, or other form of assignment of any Ownership Interest in a Certificate.
“Transferee”: Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.
“Transferor”: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.
“Trigger Event”: A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:
(a) the Delinquency Percentage exceeds 40.00% of the Credit Enhancement Percentage; or
(b) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period (reduced by the aggregate amount of Subsequent Recoveries received since the Cut-off Date through the last day of the related Due Period)
divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date:
Distribution Date Occurring In |
Percentage |
December 2007 through November 2008 |
1.25% for the first month, plus an additional 1/12th of 1.50% for each month thereafter. |
December 2008 through November 2009 |
2.75% for the first month, plus an additional 1/12th of 1.50% for each month thereafter. |
December 2009 through November 2010 |
4.25% for the first month, plus an additional 1/12th of 1.20% for each month thereafter. |
December 2010 through November 2011 |
5.45% for the first month, plus an additional 1/12th of 0.60% for each month thereafter. |
December 2011 and thereafter |
6.05% for each month. |
“Trust Fund”: Collectively, all of the assets of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, the Net WAC Rate Carryover Reserve Account, distributions made to the Trustee by the Swap Administrator under the Swap Administration Agreement and the Swap Account and the other assets conveyed by the Depositor to the Trustee pursuant to Section 2.01.
“Trust REMIC”: Any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI.
“Trustee”: U.S. Bank National Association, a national banking association, or its successor in interest, or any successor trustee appointed as herein provided.
“Uncertificated Balance”: The amount of any REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall equal the amount set forth in the Preliminary Statement hereto as its initial uncertificated balance. On each Distribution Date, the Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall be reduced by all distributions of principal made on such REMIC Regular Interest on such Distribution Date pursuant to Section 4.01 and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 4.04. The Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by interest deferrals as provided in Section 4.01(a)(1). The Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall never be less than zero. With respect to the Class CE Interest as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate Principal Balances of the Class A Certificates, Mezzanine Certificates and the Class P Interest then outstanding.
“Uncertificated Interest”: With respect to any REMIC Regular Interest for any Distribution Date, one month’s interest at the REMIC Remittance Rate applicable to such REMIC Regular Interest for such Distribution Date, accrued on the Uncertificated Balance or Uncertificated Notional Amount thereof immediately prior to such Distribution Date. Uncertificated Interest in respect of any REMIC I Regular Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day months. Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest, shall be reduced by an amount equal to the
sum of (a) the aggregate Prepayment Interest Shortfall, if any, for such Distribution Date to the extent not covered by Compensating Interest and (b) the aggregate amount of any Relief Act Interest Shortfall, if any allocated, in each case, to such REMIC Regular Interest pursuant to Section 1.02. In addition, Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest shall be reduced by Realized Losses, if any, allocated to such REMIC Regular Interest pursuant to Section 1.02 and Section 4.04.
“Uncertificated Notional Amount”: With respect to REMIC II Regular Interest II-LTIO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC I Regular Interests ending with the designation “A” listed below:
Distribution Date |
REMIC I Regular Interests |
1 |
I-1-A through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through X-00-X |
0 |
X-0-X xxxxxxx X-00-X |
0 |
X-0-X through I-40-A |
10 |
I-10-A through I-40-A |
11 |
I-11-A through I-40-A |
12 |
I-12-A through I-40-A |
13 |
I-13-A through I-40-A |
14 |
I-14-A through I-40-A |
15 |
I-15-A through I-40-A |
16 |
I-16-A through I-40-A |
17 |
I-17-A through I-40-A |
18 |
I-18-A through I-40-A |
19 |
I-19-A through I-40-A |
20 |
I-20-A through I-40-A |
21 |
I-21-A through I-40-A |
22 |
I-22-A through I-40-A |
23 |
I-23-A through I-40-A |
24 |
I-24-A through I-40-A |
25 |
I-25-A through I-40-A |
26 |
I-26-A through I-40-A |
27 |
I-27-A through I-40-A |
28 |
I-28-A through I-40-A |
29 |
I-29-A through I-40-A |
30 |
I-30-A through I-40-A |
31 |
I-31-A through I-40-A |
32 |
I-32-A through I-40-A |
33 |
I-33-A through I-40-A |
34 |
I-34-A through I-40-A |
35 |
I-35-A through I-40-A |
36 |
I-36-A through I-40-A |
37 |
I-37-A through I-40-A |
38 |
I-38-A through I-40-A |
39 |
I-39-A through I-40-A |
40 |
I-40-A |
thereafter |
$0.00 |
With respect to the Class Swap-IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC II Regular Interest II-LTIO.
“Uninsured Cause”: Any cause of damage to a Mortgaged Property such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies required to be maintained pursuant to Section 3.14.
“United States Person”: A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any state thereof or, the District of Columbia (except, in the case of a partnership, to the extent provided in regulations); provided that, for purposes solely of the restrictions on the transfer of Class R Certificates, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person unless all persons that own an interest in such partnership either directly or through any entity that is not a corporation for United States federal income tax purposes are required by the applicable operative agreement to be United States Persons or 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 the trust and one or more United States persons have the authority to control all substantial decisions of the trust. To the extent prescribed in regulations by the Secretary of the Treasury, a trust which was in existence on August 20, 1996 (other than a trust treated as owned by the grantor under subpart E of part I of subchapter J of chapter 1 of the Code), and which was treated as a United States person on August 20, 1996 may elect to continue to be treated as a United States person notwithstanding the previous sentence. The term “United States” shall have the meaning set forth in Section 7701 of the Code.
“Unpaid Interest Shortfall Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.
“Value”: With respect to any Mortgage Loan, and the related Mortgaged Property, the lesser of:
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(i) |
the lesser of (a) the value thereof as determined by an appraisal made for the Originator at the time of origination of the Mortgage Loan by an appraiser who met the minimum requirements of Xxxxxx Xxx and Xxxxxxx Mac, and (b) the value thereof as determined by a review appraisal conducted by the Originator in the event any such review appraisal determines an appraised value more than 10% lower than the value thereof, in the case of a Mortgage Loan with a Loan-to-Value Ratio less than or equal to 80%, or more than 5% lower than the value |
thereof, in the case of a Mortgage Loan with a Loan-to-Value Ratio greater than 80%, as determined by the appraisal referred to in clause (i)(a) above; and
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(ii) |
the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a Refinanced Mortgage Loan or a Mortgage Loan originated in connection with a “lease option purchase” if the “lease option purchase price” was set 12 months or more prior to origination, such value of the Mortgaged Property is based solely upon clause (i) above. |
“Voting Rights”: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. With respect to any date of determination, 98% of all Voting Rights will be allocated among the holders of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates in proportion to the then outstanding Certificate Principal Balances of their respective Certificates, 1% of all Voting Rights will be allocated to the holders of the Class P Certificates and 1% of all Voting Rights will be allocated among the holders of the Residual Certificates. The Voting Rights allocated to each Class of Certificate shall be allocated among Holders of each such Class in accordance with their respective Percentage Interests as of the most recent Record Date.
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SECTION 1.02. |
Allocation of Certain Interest Shortfalls. |
For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfall incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to the Class CE Certificates based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Notional Amount of each such Certificate and, thereafter, among the Class A Certificates and the Mezzanine Certificates on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Certificate Principal Balance of each such Certificate and (2) the aggregate amount of any Realized Losses and Net WAC Rate Carryover Amounts incurred for any Distribution Date shall be allocated to the Class CE Certificates based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Notional Amount of each such Certificate.
For purposes of calculating the amount of Uncertificated Interest for the REMIC I Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated first, to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Balances of each such REMIC I Regular Interest, and then, to REMIC I Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Balances of each such REMIC I Regular Interest.
For purposes of calculating the amount of Uncertificated Interest for the REMIC II Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12 and REMIC II Regular Interest II-LTZZ, pro rata, based on, and to the extent of, one month’s interest at the then applicable respective REMIC II Remittance Rates on the respective Uncertificated Balances of each such REMIC II Regular Interest.
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SECTION 1.03. |
Rights of the NIMS Insurer. |
Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes issued pursuant to the Indenture and (ii) the notes issued pursuant to the Indenture remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such notes; provided, however, the NIMS Insurer shall not have any rights hereunder (except pursuant to Section 11.01 and any rights to indemnification hereunder in the case of clause (ii) below) so long as (i) the NIMS Insurer has not undertaken to guarantee certain payments of notes issued pursuant to the Indenture or (ii) any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer with respect to such notes.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
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SECTION 2.01. |
Conveyance of the Mortgage Loans. |
The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse, for the benefit of the Certificateholders, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in and to the Mortgage Loans identified on the Mortgage Loan Schedule, the rights of the Depositor under the Mortgage Loan Purchase Agreement, payments made to the Trustee by the Swap Administrator under the Swap Administration Agreement and the Swap Account and all other assets included or to be included in REMIC I. Such assignment includes all interest and principal received by the Depositor or the Servicer on or with respect to the Mortgage Loans (other than payments of principal and interest due on such Mortgage Loans on or before the Cut-off Date). The Depositor herewith delivers to the Trustee an executed original Mortgage Loan Purchase Agreement.
In connection with such transfer and assignment, the Depositor does hereby deliver to, and deposit with, the Trustee (or the Custodian on behalf of the Trustee) the following documents or instruments with respect to each Mortgage Loan so transferred and assigned (a “Mortgage File”):
(i) the original Mortgage Note, endorsed in blank or in the following form: “Pay to the order of U.S. Bank National Association, as Trustee under the applicable agreement, without recourse,” with all prior and intervening endorsements showing a complete chain of endorsement from the Originator to the Person so endorsing to the Trustee;
(ii) the original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording thereon, and the original recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;
(iii) unless the Mortgage Loan is registered on the MERS® System, an original Assignment in blank;
(iv) the original recorded Assignment or Assignments showing a complete chain of assignment from the Originator to the Person assigning the Mortgage to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of the MIN) as contemplated by the immediately preceding clause (iii);
(v) the original or copies of each assumption, modification, written assurance or substitution agreement, if any; and
(vi) the original lender’s title insurance policy, together with all endorsements or riders that were issued with or subsequent to the issuance of such policy, insuring the priority of the Mortgage as a first or second lien on the Mortgaged Property represented therein as a fee interest vested in the Mortgagor, or in the event such original title policy is unavailable, a written commitment or uniform binder or preliminary report of title issued by the title insurance or escrow company.
With respect to a maximum of 1.0% of the Mortgage Loans, by outstanding Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, if any original Mortgage Note referred to in Section 2.01(i) above cannot be located, the obligations of the Depositor to deliver such documents shall be deemed to be satisfied upon delivery to the Trustee (or the Custodian on behalf of the Trustee) of a photocopy of such Mortgage Note, if available, with a lost note affidavit substantially in the form of Exhibit I attached hereto. If any of the original Mortgage Notes for which a lost note affidavit was delivered to the Trustee (or the Custodian on behalf of the Trustee) is subsequently located, such original Mortgage Note shall be delivered to the Trustee (or the Custodian on behalf of the Trustee) within three Business Days.
Except with respect to any Mortgage Loan for which MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record, the Trustee shall promptly (within sixty Business Days following the later of the Closing Date and the date of receipt by the Trustee or the Custodian of the recording information for a Mortgage, but in no event later than ninety days following the Closing Date) enforce the obligations of NC Capital pursuant to the terms of the Mortgage Loan Purchase Agreement to submit or cause to be submitted for recording, at no expense to the Trust Fund, the Trustee, the Custodian, the Servicer or the Depositor, in the appropriate public office for real property records, each Assignment referred to in Sections 2.01(iii) and (iv) above and in connection therewith, the Trustee shall enforce the obligation of NC Capital pursuant to the terms of the Mortgage Loan Purchase Agreement to execute each original Assignment in the following form: “U.S. Bank National Association, as Trustee under the applicable agreement.” In the event that any such Assignment is lost or returned unrecorded because of a defect therein, the Trustee shall enforce the obligation of NC Capital pursuant to the Mortgage Loan Purchase Agreement to promptly prepare or cause to be prepared a substitute Assignment or cure or cause to be cured such defect, as the case may be, and thereafter cause each such Assignment to be duly recorded.
In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Depositor further agrees that it will cause, within 30 Business Days after the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Depositor to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Depositor further agrees that it will not, and will not permit the Servicer to, and the Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement.
If any of the documents referred to in Sections 2.01(ii), (iii) or (iv) has, as of the Closing Date, been submitted for recording but either (x) has not been returned from the applicable public recording office or (y) has been lost or such public recording office has retained the original of such document, the obligations of the Depositor to deliver such documents shall be deemed to be satisfied upon (1) delivery to the Trustee (or the Custodian on behalf of the Trustee) of a copy of each such document certified by the Originator in the case of (x) above or the applicable public recording office in the case of (y) above to be a true and complete copy of the original that was submitted for recording and (2) if such copy is certified by the Originator, delivery to the Trustee (or the Custodian on behalf of the Trustee) promptly upon receipt thereof of either the original or a copy of such document certified by the applicable public recording office to be a true and complete copy of the original. Pursuant to the Mortgage Loan Purchase Agreement, notice shall be provided to the Trustee and the Rating Agencies by the NC Capital if delivery pursuant to clause (2) above will be made more than 180 days after the Closing Date.
If the original lender’s title insurance policy was not delivered pursuant to Section 2.01(vi) above, the Depositor shall deliver or cause to be delivered to the Trustee (or the Custodian on behalf of the Trustee), promptly after receipt thereof, the original lender’s title insurance policy with a copy thereof to the Servicer. The Depositor shall deliver or cause to be delivered to the Trustee (or the Custodian on behalf of the Trustee) promptly upon receipt thereof any other original documents constituting a part of a Mortgage File received with respect to any Mortgage Loan, including, but not limited to, any original documents evidencing an assumption or modification of any Mortgage Loan with a copy thereof to the Servicer.
The Depositor shall deliver or cause the Originator, NC Capital, the Trustee or the Custodian to deliver to the Servicer copies of all trailing documents required to be included in the servicing file at the same time the originals or certified copies thereof are delivered to the Trustee or Custodian, such documents including but not limited to the mortgagee policy of title insurance and any mortgage loan documents upon return from the recording office. The Servicer shall not be responsible for any custodian fees or other costs incurring in obtaining such documents and the Depositor shall cause the Servicer to be reimbursed for any such costs it may incur in connection with performing its obligations under this Agreement. Subject to Section 6.03(a), the Servicer shall have no liability as a result of an inability to service any Mortgage Loan due to its failure to receive any documents missing from the Mortgage File or servicing file.
All original documents relating to the Mortgage Loans that are not delivered to the Trustee (or the Custodian on behalf of the Trustee) are and shall be held by or on behalf of the Originator, NC Capital, the Seller, the Depositor or the Servicer, as the case may be, in trust for the benefit of the Trustee on behalf of the Certificateholders. In the event that any such original document is required pursuant to the terms of this Section 2.01 to be a part of a Mortgage File, such document shall be delivered promptly to the Trustee (or the Custodian on behalf of the Trustee). Any such original document delivered to or held by the Depositor that is not required pursuant to the terms of this Section to be a part of a Mortgage File, shall be delivered promptly to the Servicer.
The Depositor and the Trustee hereto understand and agree that it is not intended that any Mortgage Loan be included in the Trust that is a “High-Cost Home Loan” as defined by
the Homeownership and Equity Protection Act of 1994 or any other applicable predatory or abusive lending laws.
The Depositor hereby directs the Trustee to execute, deliver and perform its obligations under the Interest Rate Swap Agreement (in its capacity as Supplemental Interest Trust Trustee) and to assign any rights to receive payments from the Swap Provider to the Swap Administrator pursuant to the Swap Administration Agreement and the Depositor further directs the Trustee to execute, deliver and perform its obligations under the Swap Administration Agreement. The Seller, the Depositor, the Servicer and the Holders of the Class A Certificates and the Mezzanine Certificates by their acceptance of such Certificates acknowledge and agree that the Trustee shall execute, deliver and perform its obligations under the Interest Rate Swap Agreement and the Swap Administration Agreement and shall do so solely in its capacity as Trustee of the Trust Fund or as Swap Administrator, as the case may be, and not in its individual capacity. Every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Trustee shall apply to the Trustee’s execution of the Interest Rate Swap Agreement and the Swap Administration Agreement, and the performance of its duties and satisfaction of its obligations thereunder.
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SECTION 2.02. |
Acceptance of REMIC I by Trustee. |
The Trustee acknowledges receipt (or receipt by the Custodian as the duly appointed agent of the Trustee), subject to the provisions of Section 2.01 and subject to any exceptions noted on the exception report described in the next paragraph below, of the documents referred to in Section 2.01 (other than such documents described in Section 2.01(v)) above and all other assets included in the definition of “REMIC I” under clauses (i), (iii), (iv) and (v) (to the extent of amounts deposited into the Distribution Account) and declares that it holds and will hold such documents and the other documents delivered to it constituting a Mortgage File, and that it holds or will hold all such assets and such other assets included in the definition of “REMIC I” in trust for the exclusive use and benefit of all present and future Certificateholders.
The Trustee (or the Custodian on behalf of the Trustee) agrees to execute and deliver to the Depositor and the NIMS Insurer on or prior to the Closing Date an acknowledgment of receipt of the original Mortgage Note (with any exceptions noted), substantially in the form attached as Exhibit C-3 hereto.
The Trustee (or the Custodian on behalf of the Trustee) agrees, for the benefit of the Certificateholders and the NIMS Insurer, to review each Mortgage File and, within 45 days of the Closing Date, to certify in substantially the form attached hereto as Exhibit C-1 that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in the exception report annexed thereto as not being covered by such certification), (i) all documents constituting part of such Mortgage File (other than such documents described in Section 2.01(v)) required to be delivered to it pursuant to this Agreement are in its possession, (ii) such documents have been reviewed by it or the Custodian and appear regular on their face and relate to such Mortgage Loan and (iii) based on its or the Custodian’s examination and only as to the foregoing, the information set forth in the Mortgage Loan Schedule that corresponds to items (1), (3), (12), (15) and (18) of the
definition of “Mortgage Loan Schedule” accurately reflects information set forth in the Mortgage File. It is herein acknowledged that, in conducting such review, the Trustee (or the Custodian on behalf of the Trustee) is under no duty or obligation (i) to inspect, review or examine any such documents, instruments, certificates or other papers to determine whether they are genuine, enforceable, or appropriate for the represented purpose or whether they have actually been recorded 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 clause (v) of Section 2.01.
Prior to the first anniversary date of this Agreement, the Trustee shall deliver (or cause the Custodian to deliver) to the Depositor, the NIMS Insurer and the Servicer a final certification in the form annexed hereto as Exhibit C-2 evidencing the completeness of the Mortgage Files, with any applicable exceptions noted thereon, and the Servicer shall forward a copy thereof to any Sub-Servicer.
If in the process of reviewing the Mortgage Files and making or preparing, as the case may be, the certifications referred to above, the Trustee (or the Custodian on behalf of the Trustee) finds any document or documents constituting a part of a Mortgage File to be missing or defective in any material respect, at the conclusion of its review the Trustee (or the Custodian on behalf of the Trustee) shall so notify the Depositor, the NIMS Insurer and the Servicer. In addition, upon the discovery by the Depositor, the NIMS Insurer, the Servicer or the Trustee of a breach of any of the representations and warranties made by NC Capital or the Seller in the Mortgage Loan Purchase Agreement in respect of any Mortgage Loan which materially adversely affects such Mortgage Loan or the interests of the related Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties.
The Trustee (or the Custodian on behalf of the Trustee) shall, at the written request and expense of any Certificateholder, provide a written report to such Certificateholder of all Mortgage Files released to the Servicer for servicing purposes.
The Depositor and the Trustee intend that the assignment and transfer herein contemplated constitute a sale of the Mortgage Loans, the related Mortgage Notes and the related documents, conveying good title thereto free and clear of any liens and encumbrances, from the Depositor to the Trustee in trust for the benefit of the Certificateholders and that such property not be part of the Depositor’s estate or property of the Depositor in the event of any insolvency by the Depositor. In the event that such conveyance is deemed to be, or to be made as security for, a loan, the parties intend that the Depositor shall be deemed to have granted and does hereby grant to the Trustee a first priority perfected security interest in all of the Depositor’s right, title and interest in and to the Mortgage Loans, the related Mortgage Notes and the related documents, and that this Agreement shall constitute a security agreement under applicable law.
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SECTION 2.03. |
Repurchase or Substitution of Mortgage Loans by NC Capital or the Seller. |
(a) Upon discovery or receipt of notice of any materially defective document in, or that a document is missing from, a Mortgage File or of the breach by NC Capital or the
Seller of any representation, warranty or covenant under the Mortgage Loan Purchase Agreement (including any representation, warranty or covenant regarding the Prepayment Charge Schedule) in respect of any Mortgage Loan that materially adversely affects the value of such Mortgage Loan or the interest therein of the Certificateholders, the Trustee shall promptly notify NC Capital, the NIMS Insurer, the Seller and the Servicer of such defect, missing document or breach and request that NC Capital or the Seller, as applicable, deliver such missing document or cure such defect or breach within 90 days from the date NC Capital or the Seller, as applicable, was notified of such missing document, defect or breach, and if NC Capital or the Seller, as applicable, does not deliver such missing document or cure such defect or breach in all material respects during such period, the Trustee shall enforce the obligations of NC Capital or the Seller, as applicable, under the Mortgage Loan Purchase Agreement to repurchase such Mortgage Loan from REMIC I at the Purchase Price within 90 days after the date on which NC Capital or the Seller, as applicable, was notified (subject to Section 2.03(c)) of such missing document, defect or breach, if and to the extent that NC Capital or the Seller, as applicable, is obligated to do so under the Mortgage Loan Purchase Agreement. The Purchase Price for the repurchased Mortgage Loan shall be remitted to the Servicer for deposit in the Collection Account and the Trustee (or the Custodian on behalf of the Trustee), upon receipt of written certification from the Servicer of such deposit, shall release to NC Capital or the Seller, as applicable, the related Mortgage File and the Trustee (or the Custodian on behalf of the Trustee) shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as NC Capital or the Seller, as applicable, shall furnish to it and as shall be necessary to vest in NC Capital or the Seller, as applicable, any Mortgage Loan released pursuant hereto. In furtherance of the foregoing, if NC Capital or the Seller, as applicable, is not a member of MERS and repurchases a Mortgage Loan which is registered on the MERS® System, NC Capital or the Seller, as applicable, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to NC Capital or the Seller, as applicable, and shall cause such Mortgage to be removed from registration on the MERS® System in accordance with MERS’ rules and regulations. Neither the Trustee nor the Custodian shall have any further responsibility with regard to such Mortgage File. In lieu of repurchasing any such Mortgage Loan as provided above, if so provided in the Mortgage Loan Purchase Agreement, NC Capital or the Seller, as applicable, may cause such Mortgage Loan to be removed from REMIC I (in which case it shall become a Deleted Mortgage Loan) and substitute one or more Qualified Substitute Mortgage Loans in the manner and subject to the limitations set forth in Section 2.03(b); provided, however, NC Capital or the Seller, as applicable, may not substitute a Qualified Substitute Mortgage Loan for any Deleted Mortgage Loan that violates any predatory or abusive lending law. It is understood and agreed that the obligation of NC Capital or the Seller, as applicable, to cure or to repurchase (or to substitute for) any Mortgage Loan as to which a document is missing, a material defect in a constituent document exists or as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such omission, defect or breach available to the Trustee and the Certificateholders.
(b) Any substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans made pursuant to Section 2.03(a) must be effected prior to the date which is two years after the Startup Day for REMIC I.
As to any Deleted Mortgage Loan for which NC Capital or the Seller, as applicable, substitutes a Qualified Substitute Mortgage Loan or Loans, such substitution shall be effected by NC Capital or the Seller, as applicable, delivering to the Trustee (or the Custodian on behalf of the Trustee), for such Qualified Substitute Mortgage Loan or Loans, the Mortgage Note, the Mortgage, the Assignment in blank or to the Trustee, and such other documents and agreements, with all necessary endorsements thereon, as are required by Section 2.01, together with an Officers’ Certificate providing that each such Qualified Substitute Mortgage Loan satisfies the definition thereof and specifying the Substitution Adjustment Amount (as described below), if any, in connection with such substitution. The Trustee (or the Custodian on behalf of the Trustee) shall acknowledge receipt for such Qualified Substitute Mortgage Loan or Loans and, within ten Business Days thereafter, review such documents as specified in Section 2.02 and deliver to the Depositor, the NIMS Insurer and the Servicer, with respect to such Qualified Substitute Mortgage Loan or Loans, a certification substantially in the form attached hereto as Exhibit C-1, with any applicable exceptions noted thereon. Within one year of the date of substitution, the Trustee (or the Custodian on behalf of the Trustee) shall deliver to the Depositor, the NIMS Insurer and the Servicer a certification substantially in the form of Exhibit C-2 hereto with respect to such Qualified Substitute Mortgage Loan or Loans, with any applicable exceptions noted thereon. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution are not part of REMIC I and will be retained by NC Capital or the Seller, as applicable. For the month of substitution, distributions to Certificateholders will reflect the Monthly Payment due on such Deleted Mortgage Loan on or before the Due Date in the month of substitution, and NC Capital or the Seller, as applicable, shall thereafter be entitled to retain all amounts subsequently received in respect of such Deleted Mortgage Loan. The Depositor shall give or cause to be given written notice to the Certificateholders and the NIMS Insurer that such substitution has taken place, shall amend the Mortgage Loan Schedule to reflect the removal of such Deleted Mortgage Loan from the terms of this Agreement and the substitution of the Qualified Substitute Mortgage Loan or Loans and shall deliver a copy of such amended Mortgage Loan Schedule to the Trustee, the Custodian, the Servicer and the NIMS Insurer. Upon such substitution, such Qualified Substitute Mortgage Loan or Loans shall constitute part of the Mortgage Pool and shall be subject in all respects to the terms of this Agreement and the Mortgage Loan Purchase Agreement, including, all applicable representations and warranties thereof included in the Mortgage Loan Purchase Agreement.
For any month in which NC Capital or the Seller, as applicable, substitutes one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Servicer will determine the amount (the “Substitution Adjustment Amount”), if any, by which the aggregate Purchase Price of all such Deleted Mortgage Loans exceeds the aggregate of, as to each such Qualified Substitute Mortgage Loan, the Stated Principal Balance thereof as of the date of substitution, together with one month’s interest on such Stated Principal Balance at the applicable Net Mortgage Rate, plus all outstanding Advances and Servicing Advances (including Nonrecoverable Advances and Nonrecoverable Servicing Advances) related thereto. On the date of such substitution, NC Capital or the Seller, as applicable, will deliver or cause to be delivered to the Servicer for deposit in the Collection Account an amount equal to the Substitution Adjustment Amount, if any, and the Trustee (or the Custodian on behalf of the Trustee), upon receipt of the related Qualified Substitute Mortgage Loan or Loans and written notice by the Servicer of such deposit, shall release to NC Capital or the Seller, as applicable, the related
Mortgage File or Files and the Trustee (or the Custodian on behalf of the Trustee) shall execute and deliver such instruments of transfer or assignment, in each case without recourse, NC Capital or the Seller, as applicable, shall deliver to it and as shall be necessary to vest therein any Deleted Mortgage Loan released pursuant hereto.
In addition, NC Capital or the Seller, as applicable, shall obtain at its own expense and deliver to the Trustee and the NIMS Insurer an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on any Trust REMIC, including without limitation, any federal tax imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on “contributions after the startup date” under Section 860G(d)(1) of the Code, or (b) any Trust REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding.
(c) Upon discovery by the Depositor, the NIMS Insurer, the Originator, NC Capital, the Seller, the Servicer or the Trustee that any Mortgage Loan does not constitute a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, the party discovering such fact shall within two Business Days give written notice thereof to the other parties hereto and the Trustee shall give written notice to NC Capital and the Seller. In connection therewith, NC Capital, the Seller or the Depositor shall repurchase or, subject to the limitations set forth in Section 2.03(b), substitute one or more Qualified Substitute Mortgage Loans for the affected Mortgage Loan within 90 days of the earlier of discovery or receipt of such notice with respect to such affected Mortgage Loan. Such repurchase or substitution shall be made by (i) NC Capital or the Seller, as the case may be, if the affected Mortgage Loan’s status as a non-qualified mortgage is or results from a breach of any representation, warranty or covenant made by NC Capital or the Seller, as the case may be, under the Mortgage Loan Purchase Agreement, or (ii) the Depositor, if the affected Mortgage Loan’s status as a non-qualified mortgage is a breach of no representation or warranty. Any such repurchase or substitution shall be made in the same manner as set forth in Section 2.03(a). The Trustee (or the Custodian on behalf of the Trustee) shall reconvey to the Depositor, NC Capital or the Seller, as the case may be, the Mortgage Loan to be released pursuant hereto in the same manner, and on the same terms and conditions, as it would a Mortgage Loan repurchased for breach of a representation or warranty.
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SECTION 2.04. |
Reserved |
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SECTION 2.05. |
Representations, Warranties and Covenants of the Servicer. |
The Servicer hereby represents, warrants and covenants to the Trustee, for the benefit of each of the Trustee and the Certificateholders, and to the Depositor that as of the Closing Date or as of such date specifically provided herein:
(i) The Servicer is a federally chartered savings bank duly organized and validly existing under the laws of the United States and is duly authorized and qualified to transact any and all business contemplated by this Agreement to be conducted by the Servicer in any state in which a Mortgaged Property is located or is otherwise not required under applicable law to effect such qualification and, in any event, is in compliance with the doing business laws of any such State, to the extent necessary to
ensure its ability to enforce each Mortgage Loan and to service the Mortgage Loans in accordance with the terms of this Agreement;
(ii) The Servicer has the full power and authority to conduct its business as presently conducted by it and to execute, deliver and perform, and to enter into and consummate, all transactions contemplated by this Agreement. The Servicer has duly authorized the execution, delivery and performance of this Agreement, has duly executed and delivered this Agreement, and this Agreement, assuming due authorization, execution and delivery by the Depositor and the Trustee, constitutes a legal, valid and binding obligation of the Servicer, enforceable against it in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity;
(iii) The execution and delivery of this Agreement by the Servicer, the servicing of the Mortgage Loans by the Servicer hereunder, the consummation by the Servicer of any other of the transactions herein contemplated, and the fulfillment of or compliance with the terms hereof are in the ordinary course of business of the Servicer and will not (A) result in a breach of any term or provision of the charter or by-laws of the Servicer or (B) conflict with, result in a breach, violation or acceleration of, or result in a default under, the terms of any other material agreement or instrument to which the Servicer is a party or by which it may be bound, or any statute, order or regulation applicable to the Servicer of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Servicer; and the Servicer is not a party to, bound by, or in breach or violation of any indenture or other agreement or instrument, or subject to or in violation of any statute, order or regulation of any court, regulatory body, administrative agency or governmental body having jurisdiction over it, which materially and adversely affects or, to the Servicer’s knowledge, would in the future materially and adversely affect, (x) the ability of the Servicer to perform its obligations under this Agreement or (y) the business, operations, financial condition, properties or assets of the Servicer taken as a whole;
(iv) The Servicer is a HUD approved servicer. No event has occurred, including but not limited to a change in insurance coverage, that would make the Servicer unable to comply with HUD eligibility requirements or that would require notification to HUD;
(v) The Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant made by it and contained in this Agreement;
(vi) No information, certificate of an officer, statement furnished in writing or report delivered to the Trustee by the Servicer in connection with the transactions contemplated hereby contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading (except to the extent that any such information, statement or report has been corrected or superseded in writing by the
Servicer as of the Closing Date, it being understood (i) that the Servicer has delivered no certificate of an officer prior to the Closing Date and (ii) that any representations, warranties and indemnifications as to the accuracy and completeness of the Prospectus Supplement made by the Servicer in agreements and Officers’ Certificates delivered by the Servicer on the Closing Date in connection with the transactions contemplated by this Agreement shall be interpreted such that the information in the Prospectus Supplement is deemed to correct and/or supersede as of the Closing Date, within the meaning of this parenthetical, any information, statement or report delivered by the Servicer to the Trustee prior to the Closing Date that is inconsistent with the information in the Prospectus Supplement or that was omitted from such information, statement or report delivered prior to the Closing Date);
(vii) No litigation is pending against the Servicer that would materially and adversely affect the execution, delivery or enforceability of this Agreement or the ability of the Servicer to service the Mortgage Loans or to perform any of its other obligations hereunder in accordance with the terms hereof;
(viii) There are no actions or proceedings against, or investigations known to it of, the Servicer before any court, administrative or other tribunal (A) that might prohibit its entering into this Agreement, (B) seeking to prevent the consummation of the transactions contemplated by this Agreement or (C) that might prohibit or materially and adversely affect the performance by the Servicer of its obligations under, or validity or enforceability of, this Agreement;
(ix) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Servicer of, or compliance by the Servicer with, this Agreement or the consummation by it of the transactions contemplated by this Agreement, except for such consents, approvals, authorizations or orders, if any, that have been obtained prior to the Closing Date;
(x) The Servicer will not waive any Prepayment Charge unless it is waived in accordance with the standard set forth in Section 3.01; and
(xi) With respect to each Mortgage Loan, the Servicer has fully and accurately furnished with respect to the period in which it serviced the Mortgage Loans, and will continue to fully and accurately furnish, complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations.
It is understood and agreed that the representations, warranties and covenants set forth in this Section 2.05 shall survive delivery of the Mortgage Files to the Trustee or the Custodian and shall inure to the benefit of the Trustee, the Depositor and the Certificateholders. Upon discovery by any of the Depositor, the Servicer, the NIMS Insurer or the Trustee of a breach of any of the foregoing representations, warranties and covenants which materially and adversely affects the value of any Mortgage Loan or the interests therein of the Certificateholders, the party discovering such breach shall give prompt written notice (but in no event later than two Business Days following such discovery) to the Servicer, the NIMS Insurer
and the Trustee. Notwithstanding the foregoing, within 90 days of the earlier of discovery by the Servicer or receipt of notice by the Servicer of the breach of the representation or covenant of the Servicer set forth in Section 2.05(x) above which materially and adversely affects the interests of the Holders of the Class P Certificates in any Prepayment Charge, the Servicer must pay the amount of such waived Prepayment Charge, for the benefit of the Holders of the Class P Certificates, by depositing such amount into the Collection Account. The foregoing shall not, however, limit any remedies available to the Certificateholders, the Depositor or the Trustee on behalf of the Certificateholders, pursuant to the Mortgage Loan Purchase Agreement respecting a breach of the representations, warranties and covenants of the Originator made in its capacity as a party to the Mortgage Loan Purchase Agreement.
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SECTION 2.06. |
Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates. |
(a) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets described in the definition of REMIC I for the benefit of the Holders of the REMIC I Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-I Interest). The Trustee acknowledges receipt of the assets described in the definition of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests and the Class R Certificates (in respect of the Class R-I Interest). The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests (which are uncertificated) for the benefit of the Holders of the REMIC II Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-II Interest). The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC II Regular Interests and the Class R Certificates (in respect of the Class R-II Interest). The interests evidenced by the Class R-II Interest, together with the REMIC II Regular Interests, constitute the entire beneficial ownership interest in REMIC II.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests (which are uncertificated) for the benefit of the Holders of the REMIC III Regular Interests and the Class R Certificates (in respect of the Class R-III Interest). The Trustee acknowledges receipt of the REMIC II Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC III Regular Interests and the Class R Certificates (in respect of the Class R-III Interest). The interests evidenced by the Class R-III Interest, together with the Regular Certificates (other than the Class CE Certificates and the
Class P Certificates), the Class CE Interest and the Class P Interest and the Class Swap-IO Interest, constitute the entire beneficial ownership interest in REMIC III.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class CE Interest (which is uncertificated) for the benefit of the Holders of the Class CE Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The Trustee acknowledges receipt of the Class CE Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class CE Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The interests evidenced by the Class R-IV Interest, together with the Class CE Certificates, constitute the entire beneficial ownership interest in REMIC IV.
(e) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class P Interest (which is uncertificated) for the benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The Trustee acknowledges receipt of the Class P Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The interests evidenced by the Class R-V Interest, together with the Class P Certificates, constitute the entire beneficial ownership interest in REMIC V.
(f) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class Swap-IO Interest (which is uncertificated) for the benefit of the Holders of REMIC VI Regular Interest SWAP-IO and the Class R-X Certificates (in respect of the Class R-VI Interest). The Trustee acknowledges receipt of the Class Swap-IO Interest and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of REMIC VI Regular Interest SWAP-IO and the Class R-X Certificates (in respect of the Class R-VI Interest). The interests evidenced by the Class R-VI Interest, together with REMIC VI Regular Interest SWAP-IO, constitute the entire beneficial ownership interest in REMIC VI.
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SECTION 2.07. |
Issuance of Class R Certificates and Class R-X Certificates. |
(a) The Trustee acknowledges the assignment to it of the REMIC I Regular Interests and REMIC II Regular Interests and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R Certificates in authorized denominations. The interests evidenced by the Class R Certificates (in respect of the Class R-III Interest), together with the REMIC III Certificates, the Class CE Interest, the Class P Interest and the Class Swap-IO Interest, constitute the entire beneficial ownership interest in REMIC III.
(b) The Trustee acknowledges the assignment to it of the Class CE Interest, the Class P Interest and the Class Swap-IO Interest, concurrently therewith and in exchange
therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-X Certificates in authorized denominations. The interests evidenced by the Class R-X Certificates, together with the Class CE Certificates, the Class P Certificates and the REMIC VI Regular Interest SWAP-IO constitute the entire beneficial ownership interest in REMIC IV, REMIC V and REMIC VI.
ARTICLE III
ADMINISTRATION AND SERVICING
OF THE MORTGAGE LOANS
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SECTION 3.01. |
Servicer to Act as Servicer. |
The Servicer shall service and administer the Mortgage Loans on behalf of the Trust Fund and in the best interests of and for the benefit of the Certificateholders (as determined by the Servicer in its reasonable judgment) in accordance with the terms of this Agreement and the respective Mortgage Loans and, to the extent consistent with such terms, in the same manner in which it services and administers similar mortgage loans for its own portfolio, giving due consideration to customary and usual standards of practice of mortgage lenders and loan servicers administering similar mortgage loans but without regard to:
(i) any relationship that the Servicer, any Sub-Servicer or any Affiliate of the Servicer or any Sub-Servicer may have with the related Mortgagor;
(ii) the ownership or non-ownership of any Certificate by the Servicer or any Affiliate of the Servicer;
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(iii) |
the Servicer’s obligation to make Advances or Servicing Advances; or |
(iv) the Servicer’s or any Sub-Servicer’s right to receive compensation for its services hereunder or with respect to any particular transaction.
To the extent consistent with the foregoing, the Servicer (a) shall seek to maximize the timely and complete recovery of principal and interest on the Mortgage Notes and (b) shall waive (or permit a Sub-Servicer to waive) a Prepayment Charge only under the following circumstances: (i) such waiver is standard and customary in servicing similar mortgage loans and such waiver relates to a default or a reasonably foreseeable default and would, in the reasonable judgment of the Servicer, maximize recovery of total proceeds taking into account the value of such Prepayment Charge and the related Mortgage Loan, (ii) the collection of such Prepayment Charge would be in violation of applicable laws, (iii) the amount of the Prepayment Charge set forth on the Prepayment Charge Schedule is not consistent with the related Mortgage Note or is otherwise unenforceable or (iv) the collection of such Prepayment Charge would be considered “predatory” pursuant to written guidance published or issued by any applicable federal, state or local regulatory authority acting in its official capacity and having jurisdiction over such matters. If a Prepayment Charge is waived as permitted by meeting the standard described in clauses (ii), (iii) or (iv) above, then the Trustee shall, enforce the obligation of NC Capital to pay the amount of such waived Prepayment Charge to the Trustee for deposit in the Distribution Account for the benefit of the Holders of the Class P Certificates. Subject only to the above-described servicing standards and the terms of this Agreement and of the Mortgage Loans, the Servicer shall have full power and authority, acting alone or through Sub-Servicers as provided in Section 3.02, to do or cause to be done any and all things in connection with such servicing and administration which it may deem necessary or desirable. Without limiting the generality of the foregoing, the Servicer in its own name or in the name of a Sub-Servicer is
hereby authorized and empowered by the Trustee when the Servicer believes it appropriate in its best judgment in accordance with the servicing standards set forth above, to execute and deliver, on behalf of the Certificateholders and the Trustee, and upon notice to the Trustee, 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 and the Mortgaged Properties and to institute foreclosure proceedings or obtain a deed-in-lieu of foreclosure so as to convert the ownership of such properties, and to hold or cause to be held title to such properties, on behalf of the Trustee and Certificateholders. The Servicer shall service and administer the Mortgage Loans in accordance with applicable state and federal law and shall provide to the Mortgagors any reports required to be provided to them thereby. The Servicer shall also comply in the performance of this Agreement with all reasonable rules and requirements of each insurer under any standard hazard insurance policy. Subject to Section 3.17, within 15 days of the Closing Date, the Trustee shall execute, at the written request of the Servicer, and furnish to the Servicer and any Sub-Servicer any special or limited powers of attorney and other documents necessary or appropriate to enable the Servicer or any Sub-Servicer to carry out their servicing and administrative duties hereunder and the Trustee shall not be liable for the actions of the Servicer or any Sub-Servicers under such powers of attorney.
The Servicer further is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of the Sub-Servicer, when the Servicer or the Sub-Servicer, as the case may be, believes it is appropriate in its best judgment to register any Mortgage Loan on the MERS® System, or cause the removal from the registration of any Mortgage Loan on the MERS® System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. Any reasonable expenses incurred in connection with the actions described in the preceding sentence or as a result of MERS discontinuing or becoming unable to continue operations in connection with the MERS® System, shall be reimbursable to the Servicer by withdrawal from the Collection Account pursuant to Section 3.11.
Subject to Section 3.09, 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 timely payment of taxes and assessments on the Mortgaged Properties, which advances shall be Servicing Advances reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.09, and further as provided in Section 3.11. Any cost incurred by the Servicer or by Sub-Servicers in effecting the timely payment of taxes and assessments on a Mortgaged Property shall not, for the purpose of calculating distributions to Certificateholders, be added to the unpaid Stated Principal Balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit.
Notwithstanding anything in this Agreement to the contrary, the Servicer may not make any future advances with respect to a Mortgage Loan (except as provided in Section 4.03) and the Servicer shall not (i) permit any modification with respect to any Mortgage Loan that would change the Mortgage Rate, reduce or increase the Stated Principal Balance (except for reductions resulting from actual payments of principal) or change the final maturity date on such Mortgage Loan (unless, as provided in Section 3.07, the Mortgagor is in default with respect to
the Mortgage Loan or such default is, in the judgment of the Servicer, reasonably foreseeable) or (ii) permit any modification, waiver or amendment of any term of any Mortgage Loan that would both (A) effect an exchange or reissuance of such Mortgage Loan under Section 1001 of the Code (or Treasury regulations promulgated thereunder) and (B) cause any REMIC created hereunder to fail to qualify as a REMIC under the Code or the imposition of any tax on “prohibited transactions” or “contributions after the startup date” under the REMIC Provisions.
Notwithstanding anything in this Agreement to the contrary and notwithstanding its ability to do so pursuant to the terms of the related Mortgage Note, the Servicer shall not be required to enforce any provision in any Mortgage Note the enforcement of which would violate federal, state or local laws or ordinances designed to discourage predatory lending practices.
The Servicer may delegate its responsibilities under this Agreement; provided, however, that no such delegation shall release the Servicer from the responsibilities or liabilities arising under this Agreement.
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SECTION 3.02. |
Sub-Servicing Agreements Between Servicer and Sub-Servicers. |
(a) The Servicer may enter into Sub-Servicing Agreements with Sub-Servicers for the servicing and administration of the Mortgage Loans; provided, however, that (i) such sub-servicing arrangement and the terms of the related Sub-Servicing Agreement must provide for the servicing of the Mortgage Loans in a manner consistent with the servicing arrangement contemplated hereunder and (ii) the NIMS Insurer shall have consented to such Sub-Servicing Agreement. The Trustee is hereby authorized to acknowledge, at the request of the Servicer, any Sub-Servicing Agreement that meets the requirements applicable to Sub-Servicing Agreements set forth in this Agreement and that is otherwise permitted under this Agreement.
Each Sub-Servicer shall be (i) authorized to transact business in the state or states where the related Mortgaged Properties it is to service are situated, if and to the extent required by applicable law to enable the Sub-Servicer to perform its obligations hereunder and under the Sub-Servicing Agreement and (ii) a Xxxxxxx Mac or Xxxxxx Mae approved mortgage servicer. Each Sub-Servicing Agreement must impose on the Sub-Servicer requirements conforming to the provisions set forth in Section 3.08 and provide for servicing of the Mortgage Loans consistent with the terms of this Agreement. The Servicer will examine each Sub-Servicing Agreement and will be familiar with the terms thereof. The terms of any Sub-Servicing Agreement will not be inconsistent with any of the provisions of this Agreement. The Servicer and the Sub-Servicers may enter into and make amendments to the Sub-Servicing Agreements or enter into different forms of Sub-Servicing Agreements; provided, however, that any such amendments or different forms shall be consistent with and not violate the provisions of this Agreement, and that no such amendment or different form shall be made or entered into which could be reasonably expected to be materially adverse to the interests of the Certificateholders without the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights; provided, further, that the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights shall not be required (i) to cure any ambiguity or defect in a Sub-Servicing Agreement, (ii) to correct, modify or supplement any provisions of a Sub-Servicing Agreement,
or (iii) to make any other provisions with respect to matters or questions arising under a Sub-Servicing Agreement, which, in each case, shall not be inconsistent with the provisions of this Agreement. Any variation without the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights from the provisions set forth in Section 3.08 relating to insurance or priority requirements of Sub-Servicing Accounts, or credits and charges to the Sub-Servicing Accounts or the timing and amount of remittances by the Sub-Servicers to the Servicer, are conclusively deemed to be inconsistent with this Agreement and therefore prohibited. The Servicer shall deliver to the Trustee and the NIMS Insurer copies of all Sub-Servicing Agreements, and any amendments or modifications thereof, promptly upon the Servicer’s execution and delivery of such instruments.
(b) As part of its servicing activities hereunder, the Servicer, for the benefit of the Trustee and the Certificateholders, shall enforce the obligations of each Sub-Servicer under the related Sub-Servicing Agreement, including, without limitation, any obligation of a Sub-Servicer to make advances in respect of delinquent payments as required by a Sub-Servicing Agreement. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Sub-Servicing 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 Loans, or (ii) from a specific recovery of costs, expenses or attorneys’fees against the party against whom such enforcement is directed.
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SECTION 3.03. |
Successor Sub-Servicers. |
The Servicer, with the consent of the NIMS Insurer, shall be entitled to terminate any Sub-Servicing Agreement and the rights and obligations of any Sub-Servicer pursuant to any Sub-Servicing Agreement in accordance with the terms and conditions of such Sub-Servicing Agreement. In the event of termination of any Sub-Servicer, all servicing obligations of such Sub-Servicer shall be assumed simultaneously by the Servicer without any act or deed on the part of such Sub-Servicer or the Servicer, and the Servicer either shall service directly the related Mortgage Loans or shall enter into a Sub-Servicing Agreement with a successor Sub-Servicer which qualifies under Section 3.02.
Any Sub-Servicing Agreement shall include the provision that such agreement may be immediately terminated by the Trustee (if the Trustee is acting as Servicer) without fee, in accordance with the terms of this Agreement, in the event that the Servicer (or the Trustee, if it is then acting as Servicer) shall, for any reason, no longer be the Servicer (including termination due to a Servicer Event of Default).
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SECTION 3.04. |
Liability of the Servicer. |
Notwithstanding any Sub-Servicing Agreement or the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or reference to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain
obligated and primarily liable to the Trustee and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of Section 3.01 without diminution of such obligation or liability by virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from the Sub-Servicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Mortgage Loans. The Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Servicer by such Sub-Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
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SECTION 3.05. |
No Contractual Relationship Between Sub-Servicers and the Trustee, the NIMS Insurer or Certificateholders. |
Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Servicer alone, and the Trustee, the NIMS Insurer and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Servicer’s compensation pursuant to this Agreement is sufficient to pay such fees.
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SECTION 3.06. |
Assumption or Termination of Sub-Servicing Agreements by Trustee. |
In the event the Servicer shall for any reason no longer be the Servicer (including by reason of the occurrence of a Servicer Event of Default), the Trustee (or the successor servicer appointed pursuant to Section 7.02) shall thereupon assume all of the rights and obligations of the Servicer under each Sub-Servicing Agreement that the Servicer may have entered into, unless the Trustee elects to terminate any Sub-Servicing Agreement in accordance with its terms as provided in Section 3.03. Upon such assumption, the Trustee (or the successor servicer appointed pursuant to Section 7.02) shall be deemed, subject to Section 3.03, to have assumed all of the departing Servicer’s interest therein and to have replaced the departing Servicer as a party to each Sub-Servicing Agreement to the same extent as if each Sub-Servicing Agreement had been assigned to the assuming party, except that (i) the departing Servicer shall not thereby be relieved of any liability or obligations under any Sub-Servicing Agreement that arose before it ceased to be the Servicer and (ii) neither the Trustee nor any successor servicer shall be deemed to have assumed any liability or obligation of the Servicer that arose before it ceased to be the Servicer.
The Servicer at its expense shall, upon request of the Trustee, deliver to the assuming party all documents and records relating to each Sub-Servicing Agreement and the Mortgage Loans then being serviced and an accounting of amounts collected and held by or on behalf of it, and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party.
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SECTION 3.07. |
Collection of Certain Mortgage Loan Payments. |
The Servicer shall diligently collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any applicable insurance policies provided to the Servicer, follow such collection procedures as it would follow with respect to mortgage loans comparable to the Mortgage Loans and held for its own account. Consistent with the foregoing, the Servicer may in its discretion (i) waive any late payment charge or, if applicable, any penalty interest, (ii) waive any provisions of any Mortgage Loan requiring the related Mortgagor to submit to mandatory arbitration with respect to disputes arising thereunder or (iii) extend the due dates for the Monthly Payments due on a Mortgage Note for a period of not greater than 180 days; provided, however, that any extension pursuant to clause (ii) above shall not affect the amortization schedule of any Mortgage Loan for purposes of any computation hereunder, except as provided below; provided further that the NIMS Insurer’s prior written consent shall be required for any modification, waiver or amendment if the aggregate number of outstanding Mortgage Loans which have been modified, waived or amended exceeds 5% of the number of Mortgage Loans as of the Cut-off Date. In the event of any such arrangement pursuant to clause (iii) above, the Servicer shall make timely Advances on such Mortgage Loan during such extension pursuant to Section 4.03 and in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangement. Notwithstanding the foregoing, in the event that any Mortgage Loan is in default or, in the judgment of the Servicer, such default is reasonably foreseeable, the Servicer, consistent with the standards set forth in Section 3.01, may also waive, modify or vary any term of such Mortgage Loan (including modifications that would change the Mortgage Rate, forgive the payment of principal or interest or extend the final maturity date of such Mortgage Loan), accept payment from the related Mortgagor of an amount less than the Stated Principal Balance in final satisfaction of such Mortgage Loan (such payment, a “Short Pay-off”), or consent to the postponement of strict compliance with any such term or otherwise grant indulgence to any Mortgagor without the prior written consent of the NIMS Insurer.
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SECTION 3.08. |
Sub-Servicing Accounts. |
In those cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub-Servicing Agreement, the Sub-Servicer will be required to establish and maintain one or more accounts (collectively, the “Sub-Servicing Account”). The Sub-Servicing Account shall be an Eligible Account and shall comply with all requirements of this Agreement relating to the Collection Account. The Sub-Servicer shall deposit in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Sub-Servicer’s receipt thereof, all proceeds of Mortgage Loans received by the Sub-Servicer less its servicing compensation to the extent permitted by the Sub-Servicing Agreement, and shall thereafter deposit such amounts in the Sub-Servicing Account, in no event more than two Business Days after the receipt of such amounts. The Sub-Servicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Sub-Servicing Account. For purposes of this Agreement, the Servicer shall be deemed to have received payments on the Mortgage Loans when the Sub-Servicer receives such payments.
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SECTION 3.09. |
Collection of Taxes, Assessments and Similar Items; Servicing Accounts. |
The Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (the “Servicing Accounts”), into which all collections from the Mortgagors (or related advances from Sub-Servicers) for the payment of taxes, assessments, hazard insurance premiums and comparable items for the account of the Mortgagors (“Escrow Payments”) shall be deposited and retained. Servicing Accounts shall be Eligible Accounts. The Servicer shall deposit in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, all Escrow Payments collected on account of the Mortgage Loans and shall thereafter deposit such Escrow Payments in the Servicing Accounts, in no event more than two Business Days after the receipt of such Escrow Payments, all Escrow Payments collected on account of the Mortgage Loans for the purpose of effecting the timely payment of any such items as required under the terms of this Agreement. Withdrawals of amounts from a Servicing Account may be made only to (i) effect payment of taxes, assessments, hazard insurance premiums, and comparable items in a manner and at a time that assures that the lien priority of the Mortgage is not jeopardized (or, with respect to the payment of taxes, in a manner and at a time that avoids the loss of the Mortgaged Property due to a tax sale or the foreclosure as a result of a tax lien); (ii) reimburse the Servicer (or a Sub-Servicer to the extent provided in the related Sub-Servicing Agreement) out of related collections for any advances made pursuant to Section 3.01 (with respect to taxes and assessments) and Section 3.14 (with respect to hazard insurance); (iii) refund to Mortgagors any sums as may be determined to be overages; (iv) pay interest, if required and as described below, to Mortgagors on balances in the Servicing Account; or (v) clear and terminate the Servicing Account at the termination of the Servicer’s obligations and responsibilities in respect of the Mortgage Loans under this Agreement in accordance with Article IX. In the event the Servicer shall deposit in a Servicing Account any amount not required to be deposited therein or any amount previously deposited therein is unpaid by the related Mortgagor’s banking institution, it may at any time withdraw such amount from such Servicing Account, any provision herein to the contrary notwithstanding. As part of its servicing duties, the Servicer or Sub-Servicers shall pay to the Mortgagors interest on funds in the Servicing Accounts, to the extent required by law and, to the extent that interest earned on funds in the Servicing Accounts is insufficient, to pay such interest from its or their own funds, without any reimbursement therefor. The Servicer may pay to itself any excess interest on funds in the Servicing Accounts, to the extent such action is in conformity with the servicing standard set forth in Section 3.01, is permitted by law and such amounts are not required to be paid to Mortgagors or used for any of the other purposes set forth above.
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SECTION 3.10. |
Collection Account and Distribution Account. |
(a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (such account or accounts, the “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than
one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the Servicer’s receipt thereof, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the Cut-off Date), or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:
(i) all payments on account of principal, including Principal Prepayments (but not Prepayment Charges), on the Mortgage Loans;
(ii) all payments on account of interest (net of the Servicing Fee and any Prepayment Interest Excess) on each Mortgage Loan;
(iii) all Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries and condemnation proceeds (other than proceeds collected in respect of any particular REO Property and amounts paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 9.01);
(iv) any amounts required to be deposited pursuant to Section 3.12 in connection with any losses realized on Permitted Investments with respect to funds held in the Collection Account;
(v) any amounts required to be deposited by the Servicer pursuant to the second paragraph of Section 3.14(a) in respect of any blanket policy deductibles;
(vi) all proceeds of any Mortgage Loan repurchased or purchased in accordance with Section 2.03, Section 3.16(c) or Section 9.01;
(vii) all amounts required to be deposited in connection with Substitution Adjustments pursuant to Section 2.03; and
(viii) all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans and any Servicer Prepayment Charge Payment Amounts.
The foregoing requirements for deposit in the Collection Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of Servicing Fees, late payment charges, Prepayment Interest Excess, assumption fees, insufficient funds charges and ancillary income (other than Prepayment Charges) need not be deposited by the Servicer in the Collection Account and may be retained by the Servicer as additional compensation. In the event the Servicer shall deposit in the Collection Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Collection Account, any provision herein to the contrary notwithstanding.
(b) On behalf of the Trust Fund, the Trustee shall establish and maintain one or more accounts (such account or accounts, the “Distribution Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall
deliver to the Trustee in immediately available funds for deposit in the Distribution Account by 3:00 p.m. New York time (i) on the Servicer Remittance Date, that portion of Available Funds (calculated without regard to the references in clause (ii) of the definition thereof to amounts that may be withdrawn from the Distribution Account) for the related Distribution Date then on deposit in the Collection Account and the amount of all Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans and any Servicer Prepayment Charge Payment Amounts then on deposit in the Collection Account and the amount of any funds reimbursable to an Advancing Person pursuant to Section 3.26 (unless such amounts are to be remitted in another manner as specified in the documentation establishing the related Advance Facility) and (ii) on each Business Day as of the commencement of which the balance on deposit in the Collection Account exceeds $75,000 following any withdrawals pursuant to the next succeeding sentence, the amount of such excess, but only if the Collection Account constitutes an Eligible Account solely pursuant to clause (ii) of the definition of “Eligible Account.” If the balance on deposit in the Collection Account exceeds $75,000 as of the commencement of business on any Business Day and the Collection Account constitutes an Eligible Account solely pursuant to clause (ii) of the definition of “Eligible Account,” the Servicer shall, by 3:00 p.m. New York time on such Business Day, withdraw from the Collection Account any and all amounts payable or reimbursable to the Depositor, the Servicer, the Trustee, NC Capital, the Seller or any Sub-Servicer pursuant to Section 3.11 and shall pay such amounts to the Persons entitled thereto.
(c) Funds in the Collection Account and the Distribution Account may be invested in Permitted Investments in accordance with the provisions set forth in Section 3.12. The Servicer shall give written notice to the Trustee and the NIMS Insurer of the location of the Collection Account maintained by it when established and prior to any change thereof. The Trustee shall give notice to the Servicer, the NIMS Insurer and the Depositor of the location of the Distribution Account when established and prior to any change thereof.
(d) Funds held in the Collection Account at any time may be delivered by the Servicer to the Trustee for deposit in an account (which may be the Distribution Account and must satisfy the standards for the Distribution Account as set forth in the definition thereof) and for all purposes of this Agreement shall be deemed to be a part of the Collection Account; provided, however, that the Trustee shall have the sole authority to withdraw any funds held pursuant to this subsection (d). In the event the Servicer shall deliver to the Trustee for deposit in the Distribution Account any amount not required to be deposited therein, it may at any time request that the Trustee withdraw such amount from the Distribution Account and remit to it any such amount, any provision herein to the contrary notwithstanding. In addition, the Servicer shall deliver to the Trustee from time to time for deposit, and the Trustee shall so deposit, in the Distribution Account:
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(i) |
any Advances, as required pursuant to Section 4.03; |
(ii) any amounts required to be deposited pursuant to Section 3.23(d) or (f) in connection with any REO Property;
(iii) any amounts to be paid in connection with a purchase of Mortgage Loans and REO Properties pursuant to Section 9.01; and
(iv) any amounts required to be deposited pursuant to Section 3.24 in connection with any Prepayment Interest Shortfall;
(e) The Servicer shall deposit in the Collection Account any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Collection Account. The Trustee shall deposit in the Distribution Account any amounts required to be deposited pursuant to Section 3.12(b) in connection with losses realized on Permitted Investments with respect to funds held in the Distribution Account.
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SECTION 3.11. |
Withdrawals from the Collection Account and Distribution Account. |
(a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes, without priority, or as described in Section 4.03:
(i) to remit to the Trustee for deposit in the Distribution Account the amounts required to be so remitted pursuant to Section 3.10(b) or permitted to be so remitted pursuant to the first sentence of Section 3.10(d);
(ii) subject to Section 3.16(d), to reimburse the Servicer for unreimbursed Advances, but only to the extent of amounts received which represent Late Collections (net of the related Servicing Fees) on Mortgage Loans or REO Properties with respect to which such Advances were made in accordance with the provisions of Section 4.03;
(iii) subject to Section 3.16(d), to pay the Servicer or any Sub-Servicer (a) any unpaid Servicing Fees, (b) any unreimbursed Servicing Advances with respect to each Mortgage Loan, but only to the extent of any Late Collections, received with respect to such Mortgage Loan or REO Property and (c) any Nonrecoverable Servicing Advances with respect to the final liquidation of a Mortgage Loan, but only to the extent that Late Collections, received with respect to such Mortgage Loan are insufficient to reimburse the Servicer or any Sub-Servicer for Servicing Advances;
(iv) to pay to the Servicer as servicing compensation (in addition to the Servicing Fee) on the Servicer Remittance Date any interest or investment income earned on funds deposited in the Collection Account;
(v) to pay to the Servicer, the Depositor, NC Capital or the Seller, as the case may be, with respect to each Mortgage Loan that has previously been purchased or replaced pursuant to Section 2.03 or Section 3.16(c) all amounts received thereon subsequent to the date of purchase or substitution, as the case may be;
(vi) to reimburse the Servicer for any Advance or Servicing Advance previously made which the Servicer has determined to be a Nonrecoverable Advance in accordance with the provisions of Section 4.03;
(vii) to reimburse the Servicer or the Depositor for expenses incurred by or reimbursable to the Servicer or the Depositor, as the case may be, pursuant to Section 6.03;
(viii) to reimburse the Servicer, the NIMS Insurer or the Trustee, as the case may be, for expenses reasonably incurred in connection with any breach or defect giving rise to the purchase obligation under Section 2.03 of this Agreement, including any expenses arising out of the enforcement of the purchase obligation;
(ix) to pay, or to reimburse the Servicer for Servicing Advances in respect of, expenses incurred in connection with any Mortgage Loan pursuant to Section 3.16(b);
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(x) |
to withdraw amounts deposited therein in error; |
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(xi) |
to pay itself any Prepayment Interest Excess (to the extent not otherwise retained); |
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(xii) |
to withdraw amounts deposited therein in error; and |
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(xiii) |
to clear and terminate the Collection Account pursuant to Section 9.01. |
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 Collection Account, to the extent held by or on behalf of it, pursuant to subclauses (ii), (iii), (iv), (v), (vi), (viii) and (ix) above. The Servicer shall provide written notification to the Trustee and the NIMS Insurer on or prior to the next succeeding Servicer Remittance Date, upon making any withdrawals from the Collection Account pursuant to subclauses (iii(c)) and (vi) above; provided that an Officer’s Certificate in the form described under Section 4.03(d) shall suffice for such written notification to the Trustee in respect of clause (vi) hereof.
(b) The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes, without priority:
(i) to make distributions to Certificateholders in accordance with Section 4.01;
(ii) to pay itself any Extraordinary Trust Fund Expenses pursuant to Section 8.05;
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(iii) |
to pay the Credit Risk Manager the Credit Risk Manager Fee; |
(iv) to pay to itself on each Distribution Date any interest or investment income earned on funds deposited in the Distribution Account pursuant to Section 3.12(b);
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(v) |
to reimburse itself pursuant to Section 7.02; |
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(vi) |
to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); |
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(vii) |
to make distributions to the Swap Account; |
(viii) to pay to an Advancing Person reimbursements for Advances and/or Servicing Advances pursuant to Section 3.26; and
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(ix) |
to clear and terminate the Distribution Account pursuant to Section 9.01. |
The foregoing requirements for withdrawal from the Distribution Account shall be exclusive. In the event the Trustee shall deposit in the Distribution Account any amount not required to be deposited therein, it may at any time withdraw such amount from the Distribution Account, any provision herein to the contrary notwithstanding.
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SECTION 3.12. |
Investment of Funds in the Collection Account and the Distribution Account. |
(a) The Servicer may direct any depository institution maintaining the Collection Account and any REO Account and the Trustee may direct any depository institution maintaining the Distribution Account (each, for purposes of this Section 3.12, an “Investment Account”) to invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon or if such investment is managed or advised by a Person other than the Trustee or an Affiliate of the Trustee, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon or if such investment is managed or advised by the Trustee or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such), or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account or any REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall:
(x) consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount required to be withdrawn on such date; and
(y) demand payment of all amounts due thereunder promptly upon determination by a Responsible Officer of the Trustee that such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the Investment Account.
(b) All income and gain realized from the investment of funds deposited in the Collection Account and any REO Account held by or on behalf of the Servicer shall be for the benefit of the Servicer and shall be subject to its withdrawal in accordance with Section 3.11 or Section 3.23, as applicable. All income and gain realized from the investment of funds deposited in the Distribution Account held by or on behalf of the Trustee shall be for the benefit of the Trustee and shall be subject to its withdrawal in accordance with Section 3.11. The Servicer shall deposit in the Collection Account and any REO Account, as applicable, the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon realization of such loss. The Trustee shall deposit in the Distribution Account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon realization of such loss.
(c) Except as otherwise expressly provided in this Agreement, if any default occurs in the making of a payment due under any Permitted Investment, or if a default occurs in any other performance required under any Permitted Investment, the Trustee may and, subject to Section 8.01 and Section 8.02(a)(v), upon the request of the NIMS Insurer or the Holders of Certificates representing more than 50% of the Voting Rights allocated to any Class of Certificates, shall take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate proceedings.
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SECTION 3.13. |
[Reserved]. |
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SECTION 3.14. |
Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage. |
(a) The Servicer shall cause to be maintained for each Mortgage Loan fire insurance with extended coverage on the related Mortgaged Property in an amount which is at least equal to the least of (i) the current Stated Principal Balance of such Mortgage Loan (ii) the amount necessary to fully compensate for any damage or loss to the improvements that are a part of such property on a replacement cost basis and (iii) the maximum insurable value of the improvements which are part of such Mortgaged Property, in each case in an amount not less than such amount as is necessary to avoid the application of any coinsurance clause contained in the related hazard insurance policy. The Servicer shall also cause to be maintained fire insurance with extended coverage on each REO Property in an amount which is at least equal to the least of (i) the maximum insurable value of the improvements which are a part of such property, (ii) the outstanding Stated Principal Balance of the related Mortgage Loan at the time it became an REO Property and (iii) the maximum insurable value of the improvements which are part of such REO Property. The Servicer will comply in the performance of this Agreement with all reasonable rules and requirements of each insurer under any such hazard policies. Any amounts to be collected by the Servicer under any such policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or amounts to be released to the Mortgagor in accordance with the procedures that the Servicer would follow in servicing loans held for its own account, subject to the terms and conditions of the related Mortgage and Mortgage Note) shall be deposited in the Collection Account, subject to withdrawal pursuant to Section 3.11, if received in respect of a Mortgage Loan, or in the REO Account, subject to withdrawal pursuant to Section 3.23, if received in respect of an REO Property. Any cost incurred by the Servicer in maintaining any such insurance shall not, for the purpose of
calculating distributions to Certificateholders, be added to the unpaid Stated Principal Balance of the related Mortgage Loan, notwithstanding that the terms of such Mortgage Loan so permit. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. If the Mortgaged Property or REO Property is at any time in an area identified in the Federal Register by the Federal Emergency Management Agency as having special flood hazards and flood insurance has been made available, the Servicer will cause to be maintained a flood insurance policy in respect thereof. Such flood insurance shall be in an amount equal to the least of (i) the unpaid Stated Principal Balance of the related Mortgage Loan, (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program (assuming that the area in which such Mortgaged Property is located is participating in such program) and (iii) the maximum insurable value of the improvements which are part of such Mortgaged Property.
In the event that the Servicer shall obtain and maintain a blanket policy with an insurer having a General Policy Rating of A:X or better in Best’s Key Rating Guide (or such other rating that is comparable to such rating) or otherwise acceptable to Xxxxxx Xxx or Xxxxxxx Mac insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first two sentences of this Section 3.14, it being understood and agreed that such policy may contain a deductible clause, in which case the Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with the first two sentences of this Section 3.14, and there shall have been one or more losses which would have been covered by such policy, deposit to the Collection Account from its own funds the amount not otherwise payable under the blanket policy because of such deductible clause. In connection with its activities as administrator and servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf of itself, the Trustee and Certificateholders, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy.
(b) The Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Servicer’s obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Servicer shall provide the Trustee and the NIMS Insurer, upon request, with copies of such insurance policies and fidelity bond. The Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, unless the Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Servicer shall be deemed to have complied with this provision if an Affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable or materially modifiable without thirty days’ prior written notice to the Trustee and the NIMS Insurer. The Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.
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SECTION 3.15. |
Enforcement of Due-On-Sale Clauses; Assumption Agreements. |
The Servicer will, to the extent it has knowledge of any conveyance or prospective conveyance of any Mortgaged Property by any Mortgagor (whether by absolute conveyance or by contract of sale, and whether or not the Mortgagor remains or is to remain liable under the Mortgage Note and/or the Mortgage), exercise its rights to accelerate the maturity of such Mortgage Loan under the “due-on-sale” clause, if any, applicable thereto; provided, however, that the Servicer shall not be required to take such action if in its sole business judgment the Servicer believes it is not in the best interests of the Trust Fund and shall not exercise any such rights if prohibited by law from doing so. If the Servicer reasonably believes it is unable under applicable law to enforce such “due-on-sale” clause, or if any of the other conditions set forth in the proviso to the preceding sentence apply, the Servicer will enter into an assumption and modification agreement from or with the person to whom such property has been conveyed or is proposed to be conveyed, pursuant to which such person becomes liable under the Mortgage Note and, to the extent permitted by applicable state law, the Mortgagor remains liable thereon. The Servicer is also authorized 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 the Mortgagor and becomes liable under the Mortgage Note; provided that no such substitution shall be effective unless such person satisfies the underwriting criteria of the Servicer and has a credit risk rating at least equal to that of the original Mortgagor. In connection with any assumption or substitution, the Servicer shall apply such underwriting standards and follow such practices and procedures as shall be normal and usual in its general mortgage servicing activities and as it applies to other mortgage loans owned solely by it. The Servicer shall not take or enter into any assumption and modification agreement, however, unless (to the extent practicable in the circumstances) it shall have received confirmation, in writing, of the continued effectiveness of any applicable hazard insurance policy. Any fee collected by the Servicer in respect of an assumption, modification or substitution of liability agreement shall be retained by the Servicer as additional servicing compensation. In connection with any such assumption, no material term of the Mortgage Note (including but not limited to the related Mortgage Rate and the amount of the Monthly Payment) may be amended or modified, except as otherwise required pursuant to the terms thereof. The Servicer shall notify the Trustee and the Custodian that any such substitution, modification or assumption agreement has been completed by forwarding to the Custodian the executed original of such substitution, modification or assumption agreement, which document 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.
Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or by the terms of the Mortgage Note or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever. For purposes of this Section 3.15, the term “assumption” is deemed to also include a sale (of the Mortgaged Property) subject to the Mortgage that is not accompanied by an assumption or substitution of liability agreement.
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SECTION 3.16. |
Realization Upon Defaulted Mortgage Loans. |
(a) The Servicer shall use its best efforts, consistent with the servicing standards set forth in Section 3.01, to foreclose upon or otherwise comparably convert the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07. The Servicer shall be responsible for all costs and expenses incurred by it in any such proceedings; provided, however, that such costs and expenses will be recoverable as Servicing Advances by the Servicer as contemplated in Section 3.11 and Section 3.23. The foregoing is subject to the provision that, in any case in which a Mortgaged Property shall have suffered damage from an Uninsured Cause, the Servicer shall not be required to expend its own funds toward the restoration of such property unless it shall determine in its discretion that such restoration will increase the proceeds of liquidation of the related Mortgage Loan after reimbursement to itself for such expenses.
(b) Notwithstanding the foregoing provisions of this Section 3.16 or any other provision of this Agreement, with respect to any Mortgage Loan as to which the Servicer has received actual notice of, or has actual knowledge of, the presence of any toxic or hazardous substance on the related Mortgaged Property, the Servicer shall not, on behalf of the Trustee, either (i) obtain title to such Mortgaged Property as a result of or in lieu of foreclosure or otherwise, or (ii) otherwise acquire possession of, or take any other action with respect to, such Mortgaged Property, if, as a result of any such action, the Trustee, the Trust Fund or the Certificateholders would be considered to hold title to, to be a “mortgagee-in-possession” of, or to be an “owner” or “operator” of such Mortgaged Property within the meaning of the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended from time to time, or any comparable law, unless the Servicer has also previously determined, based on its reasonable judgment and a report prepared by a Person who regularly conducts environmental audits using customary industry standards, that:
(1) such Mortgaged Property is in compliance with applicable environmental laws or, if not, that it would be in the best economic interest of the Trust Fund to take such actions as are necessary to bring the Mortgaged Property into compliance therewith; and
(2) there are no circumstances present at such Mortgaged Property relating to the use, management or disposal of any hazardous substances, hazardous materials, hazardous wastes, or petroleum-based materials for which investigation, testing, monitoring, containment, clean-up or remediation could be required under any federal, state or local law or regulation, or that if any such materials are present for which such action could be required, that it would be in the best economic interest of the Trust Fund to take such actions with respect to the affected Mortgaged Property.
Notwithstanding the foregoing, if such environmental audit reveals, or if the Servicer has actual knowledge or notice, that such Mortgaged Property contains such toxic or hazardous wastes or substances, the Servicer shall not foreclose or accept a deed in lieu of foreclosure without the prior written consent of the NIMS Insurer.
The cost of the environmental audit report contemplated by this Section 3.16 shall be advanced by the Servicer, subject to the Servicer’s right to be reimbursed therefor from the Collection Account as provided in Section 3.11(a)(ix), such right of reimbursement being prior to the rights of Certificateholders to receive any amount in the Collection Account received in respect of the affected Mortgage Loan or other Mortgage Loans.
If the Servicer determines, as described above, that it is in the best economic interest of the Trust Fund to take such actions as are necessary to bring any such Mortgaged Property into compliance with applicable environmental laws, or to take such action with respect to the containment, clean-up or remediation of hazardous substances, hazardous materials, hazardous wastes or petroleum-based materials affecting any such Mortgaged Property, then the Servicer shall take such action as it deems to be in the best economic interest of the Trust Fund; provided that any amounts disbursed by the Servicer pursuant to this Section 3.16(b) shall constitute Servicing Advances, subject to Section 4.03(d). The cost of any such compliance, containment, clean-up or remediation shall be advanced by the Servicer, subject to the Servicer’s right to be reimbursed therefor from the Collection Account as provided in Sections 3.11(a)(iii) and (a)(ix), such right of reimbursement being prior to the rights of Certificateholders to receive any amount in the Collection Account received in respect of the affected Mortgage Loan or other Mortgage Loans.
(c) The Servicer or the NIMS Insurer may, at the option of each, purchase a Mortgage Loan which has become 90 or more days delinquent or for which the Servicer has accepted a deed in lieu of foreclosure. Prior to purchase pursuant to this Section 3.16(c), the Servicer shall be required to continue to make Advances pursuant to Section 4.03. The Servicer or the NIMS Insurer shall not use any procedure in selecting Mortgage Loans to be repurchased which is materially adverse to the interests of the Certificateholders. The Servicer or the NIMS Insurer shall purchase such delinquent Mortgage Loan at a price equal to the Purchase Price of such Mortgage Loan. Any such purchase of a Mortgage Loan pursuant to this Section 3.16(c) shall be accomplished by remittance to the Servicer for deposit in the Collection Account of the amount of the Purchase Price. Notwithstanding the foregoing, the Servicer or the NIM Insurer shall purchase Mortgage Loans that are delinquent the greatest number of days before it may purchase any that are delinquent any fewer number of days. The Trustee shall immediately effectuate the conveyance of such delinquent Mortgage Loan to the Servicer or the NIMS Insurer, as applicable, to the extent necessary to vest in the Servicer or the NIMS Insurer, as applicable, title to such Mortgage Loan, including the prompt delivery of all documentation to the Servicer or the NIMS Insurer, as applicable.
(d) Proceeds received in connection with any Final Recovery Determination, as well as any recovery resulting from a partial collection of Insurance Proceeds, Liquidation Proceeds or condemnation proceeds, in respect of any Mortgage Loan, will be applied in the following order of priority: first, to unpaid Servicing Fees; second, to reimburse the Servicer or any Sub-Servicer for any related unreimbursed Servicing Advances pursuant to Section 3.11(a)(iii) and Advances pursuant to Section 3.11(a)(ii); third, to accrued and unpaid interest on the Mortgage Loan, to the date of the Final Recovery Determination, or to the Due Date prior to the Distribution Date on which such amounts are to be distributed if not in connection with a Final Recovery Determination; and fourth, as a recovery of principal of the Mortgage Loan. The
portion of the recovery so allocated to unpaid Servicing Fees shall be reimbursed to the Servicer or any Sub-Servicer pursuant to Section 3.11(a)(iii).
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SECTION 3.17. |
Trustee to Cooperate; Release of Mortgage Files. |
(a) Upon the payment in full of any Mortgage Loan, or the receipt by the Servicer of a notification that payment in full shall be escrowed in a manner customary for such purposes, the Servicer shall deliver to the Trustee (or the Custodian on its behalf), in written (with two executed copies) or electronic format, a Request for Release in the form of Exhibit E hereto (which certification shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Collection Account pursuant to Section 3.10 have been or will be so deposited) signed by a Servicing Officer (or in a mutually agreeable electronic format that will, in lieu of a signature on its face, originate from a Servicing Officer) and shall request delivery to it of the Mortgage File. Upon receipt of such certification and request, the Custodian shall, within three Business Days, release and send by overnight mail, the related Mortgage File to the Servicer and the Servicer is authorized to cause the removal from the registration on the MERS® System of any such Mortgage Loan, if applicable. The Trustee agrees to indemnify the Servicer, out of its own funds, for any loss, liability or expense (other than special, indirect, punitive or consequential damages which will not be paid by the Trustee) incurred by the Servicer as a proximate result of the Trustee’s breach of its obligations pursuant to this Section 3.17. Except as otherwise provided herein, no expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Collection Account or the Distribution Account.
(b) From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan, including, for this purpose, collection under any insurance policy relating to the Mortgage Loans, the Custodian shall, upon any request made by or on behalf of the Servicer and delivery to the Custodian, in written or electronic format, of a Request for Release in the form of Exhibit E hereto signed by a Servicing Officer (or in a mutually agreeable electronic format that will, in lieu of a signature on its face, originate from a Servicing Officer), release the related Mortgage File within three Business Days to the Servicer, and shall, at the direction of the Servicer, execute such documents as shall be necessary to the prosecution of any such proceedings. Such Request for Release shall obligate the Servicer to return each and every document previously requested from the Mortgage File to the Custodian when the need therefor by the Servicer no longer exists, unless the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Collection Account or the Mortgage File or such document has been delivered to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Servicer has delivered, or caused to be delivered, to the Custodian an additional Request for Release certifying as to such liquidation or action or proceedings. Upon the request of the Trustee, the Servicer shall provide notice to the Trustee of the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. Upon receipt of a Request for Release, in written or electronic format from, a Servicing Officer stating that such Mortgage Loan was liquidated and that all amounts received or to be received in connection with such liquidation that are required to be deposited into the Collection Account have been so deposited, or that such Mortgage Loan
has become an REO Property, any outstanding Requests for Release with respect to such Mortgage Loan shall be released by the Custodian to the Servicer or its designee.
(c) Upon written certification of a Servicing Officer, the Trustee shall execute and deliver to the Servicer or the Sub-Servicer, as the case may be, any court pleadings, requests for trustee’s sale or other documents necessary to the foreclosure or trustee’s sale in respect of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. Each such certification shall include a request that such pleadings or documents be executed by the Trustee and a statement as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee will not invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure or trustee’s sale.
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SECTION 3.18. |
Servicing Compensation. |
As compensation for the activities of the Servicer hereunder, the Servicer shall be entitled to the Servicing Fee with respect to each Mortgage Loan payable solely from payments of interest in respect of such Mortgage Loan, subject to Section 3.24. In addition, the Servicer shall be entitled to recover unpaid Servicing Fees out of Insurance Proceeds, Liquidation Proceeds and condemnation proceeds to the extent permitted by Section 3.11(a)(iii) and out of amounts derived from the operation and sale of an REO Property to the extent permitted by Section 3.23. Except as provided in Section 6.04, the right to receive the Servicing Fee may not be transferred in whole or in part except in connection with the transfer of all of the Servicer’s responsibilities and obligations under this Agreement; provided, however, that the Servicer may pay from the Servicing Fee any amounts due to a Sub-Servicer pursuant to a Sub-Servicing Agreement entered into under Section 3.02. As part of its servicing compensation, the Servicer shall also be entitled to Prepayment Interest Excess.
Additional servicing compensation in the form of assumption or modification fees, late payment charges, insufficient funds charges, ancillary income or otherwise (subject to Section 3.24 and other than Prepayment Charges) shall be retained by the Servicer only to the extent such fees or charges are received by the Servicer. The Servicer shall also be entitled pursuant to Section 3.11(a)(iv) to withdraw from the Collection Account and pursuant to Section 3.23(b) to withdraw from any REO Account, as additional servicing compensation, interest or other income earned on deposits therein, subject to Section 3.12 and Section 3.24. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including premiums for the insurance required by Section 3.14, to the extent such premiums are not paid by the related Mortgagors or by a Sub-Servicer and servicing compensation of each Sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided herein.
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SECTION 3.19. |
Reports to the Trustee; Collection Account Statements. |
Not later than twenty days after each Distribution Date, the Servicer shall forward, upon request, to the Trustee, the NIMS Insurer and the Depositor the most current
available bank statement for the Collection Account. Copies of such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party; provided that such statement is delivered by the Servicer to the Trustee.
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SECTION 3.20. |
Statement as to Compliance. |
The Servicer will deliver to the Trustee, the NIMS Insurer and the Depositor not later than March 15th of each calendar year (beginning in 2006), an Officer’s Certificate, in a form similar to Exhibit L attached hereto as agreed upon by the parties hereto, stating, as to each signatory thereof, that (i) a review of the activities of the Servicer during the preceding year and of performance under this Agreement has been made under such officers’ supervision and (ii) to the best of such officers’ knowledge, based on such review, the Servicer has fulfilled all of its duties, responsibilities and obligations under this Agreement in all material respects throughout such year, or, if there has been a default in the fulfillment of any such duties, responsibilities or obligations in all material respects, specifying each such default known to such officer and the nature and status thereof. Copies of any such statement shall be provided by the Trustee to any Certificateholder and to any Person identified to the Trustee as a prospective transferee of a Certificate, upon request at the expense of the requesting party; provided that such statement is delivered by the Servicer to the Trustee. In addition to the foregoing, the Servicer will, to the extent reasonable, provide any other servicing information required by the Commission pursuant to applicable law.
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SECTION 3.21. |
Independent Public Accountants’ Servicing Report. |
Not later than March 15th of each calendar year (beginning in 2006), the Servicer, at its expense, shall cause a nationally recognized firm of independent certified public accountants to furnish to the Servicer a report stating that (i) it has obtained a letter of representation regarding certain matters from the management of the Servicer which includes an assertion that the Servicer has complied with certain minimum residential mortgage loan servicing standards, identified in the Uniform Single Attestation Program for Mortgage Bankers established by the Mortgage Bankers Association of America, with respect to the servicing of residential mortgage loans during the most recently completed calendar year and (ii) on the basis of an examination conducted by such firm in accordance with standards established by the American Institute of Certified Public Accountants, such representation is fairly stated in all material respects, subject to such exceptions and other qualifications that may be appropriate. In rendering its report such firm may rely, as to matters relating to the direct servicing of residential mortgage loans by Sub-Servicers, upon comparable reports of firms of independent certified public accountants rendered on the basis of examinations conducted in accordance with the same standards (rendered within one year of such report) with respect to those Sub-Servicers. Immediately upon receipt of such report, the Servicer shall furnish a copy of such report to the Trustee, the NIMS Insurer and the Depositor. Copies of such statement shall be provided by the Trustee to any Certificateholder upon request at the expense of the requesting party, provided that such statement is delivered by the Servicer to the Trustee.
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SECTION 3.22. |
Access to Certain Documentation. |
The Servicer shall provide to the Office of Thrift Supervision, the FDIC, and any other federal or state banking or insurance regulatory authority that may exercise authority over any Certificateholder, access to the documentation in the Servicer’s possession regarding the Mortgage Loans required by applicable laws and regulations. Such access shall be afforded without charge, but only upon reasonable request and during normal business hours at the offices of the Servicer designated by it. In addition, access to the documentation in the Servicer’s possession regarding the Mortgage Loans will be provided to the Trustee on behalf of the Certificateholders and the NIMS Insurer upon reasonable request during normal business hours at the offices of the Servicer designated by it at the expense of the Person requesting such access; provided however that providing access to such Person will not violate any applicable laws. Nothing in this Section shall limit the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors (absent proof that it is in compliance with applicable law) and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section 3.22 shall require the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. The Servicer shall not be required to make copies of or ship documents to any party unless provisions have been made for the reimbursement of the costs thereof.
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SECTION 3.23. |
Title, Management and Disposition of REO Property. |
(a) The deed or certificate of sale of any REO Property shall, subject to applicable laws, be taken in the name of the Trustee, or its nominee, in trust for the benefit of the Certificateholders. The Servicer, on behalf of REMIC I, shall sell any REO Property as soon as practicable and in any event no later than the end of the third full taxable year after the taxable year in which such REMIC acquires ownership of such REO Property for purposes of Section 860G(a)(8) of the Code or request from the Internal Revenue Service, no later than 60 days before the day on which the three-year grace period would otherwise expire, an extension of such three-year period, unless the Servicer shall have delivered to the Trustee and the NIMS Insurer an Opinion of Counsel acceptable to the NIMS Insurer and addressed to the Trustee, the NIMS Insurer and the Depositor, to the effect that the holding by the REMIC of such REO Property subsequent to three years after its acquisition will not result in the imposition on the REMIC of taxes on “prohibited transactions” thereof, as defined in Section 860F of the Code, or cause any of the REMICs created hereunder to fail to qualify as a REMIC under Federal law at any time that any Certificates are outstanding. The Servicer shall manage, conserve, protect and operate each REO Property for the Certificateholders solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code or result in the receipt by any of the REMICs created hereunder of any “income from non-permitted assets” within the meaning of Section 860F(a)(2)(B) of the Code, or any “net income from foreclosure property” which is subject to taxation under the REMIC Provisions.
(b) The Servicer shall separately account for all funds collected and received in connection with the operation of any REO Property and shall establish and maintain, or cause to be established and maintained, with respect to REO Properties an account held in trust for the
Trustee for the benefit of the Certificateholders (the “REO Account”), which shall be an Eligible Account. The Servicer shall be permitted to allow the Collection Account to serve as the REO Account, subject to separate ledgers for each REO Property. The Servicer shall be entitled to retain or withdraw any interest income paid on funds deposited in the REO Account.
(c) The Servicer shall have full power and authority, subject only to the specific requirements and prohibitions of this Agreement, to do any and all things in connection with any REO Property as are consistent with the manner in which the Servicer manages and operates similar property owned by the Servicer or any of its Affiliates, all on such terms and for such period (subject to the requirement of prompt disposition set forth in Section 3.23(a)) as the Servicer deems to be in the best interests of Certificateholders. In connection therewith, the Servicer shall deposit, or cause to be deposited in the clearing account in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the REO Account, in no event more than two Business Days after the Servicer’s receipt thereof, all revenues received by it with respect to an REO Property and shall withdraw therefrom funds necessary for the proper operation, management and maintenance of such REO Property including, without limitation:
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(i) |
all insurance premiums due and payable in respect of such REO Property; |
(ii) all real estate taxes and assessments in respect of such REO Property that may result in the imposition of a lien thereon; and
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(iii) |
all costs and expenses necessary to maintain such REO Property. |
To the extent that amounts on deposit in the REO Account with respect to an REO Property are insufficient for the purposes set forth in clauses (i) through (iii) above with respect to such REO Property, the Servicer shall advance from its own funds such amount as is necessary for such purposes if, but only if, the Servicer would make such advances if the Servicer owned the REO Property and if in the Servicer’s judgment, the payment of such amounts will be recoverable from the rental or sale of the REO Property.
Notwithstanding the foregoing, neither the Servicer nor the Trustee shall:
(a) authorize the Trust Fund to enter into, renew or extend any New Lease with respect to any REO Property, if the New Lease by its terms will give rise to any income that does not constitute Rents from Real Property;
(b) authorize any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;
(c) authorize any construction on any REO Property, other than the completion of a building or other improvement thereon, and then only if more than ten percent of the construction of such building or other improvement was completed before default on the related Mortgage Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or
(d) authorize any Person to Directly Operate any REO Property on any date more than 90 days after its date of acquisition by the Trust Fund;
unless, in any such case, the Servicer has obtained an Opinion of Counsel, provided to the Trustee and the NIMS Insurer, to the effect that such action will not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code at any time that it is held by the REMIC, in which case the Servicer may take such actions as are specified in such Opinion of Counsel.
The Servicer may contract with any Independent Contractor for the operation and management of any REO Property; provided that:
(i) the terms and conditions of any such contract shall not be inconsistent herewith;
(ii) any such contract shall require, or shall be administered to require, that the Independent Contractor pay all costs and expenses incurred in connection with the operation and management of such REO Property, including those listed above and remit all related revenues (net of such costs and expenses) to the Servicer as soon as practicable, but in no event later than thirty days following the receipt thereof by such Independent Contractor;
(iii) none of the provisions of this Section 3.23(c) relating to any such contract or to actions taken through any such Independent Contractor shall be deemed to relieve the Servicer of any of its duties and obligations to the Trustee on behalf of the Certificateholders with respect to the operation and management of any such REO Property; and the Servicer shall be obligated with respect thereto to the same extent as if it alone were performing all duties and obligations in connection with the operation and management of such REO Property.
The Servicer shall be entitled to enter into any agreement with any Independent Contractor performing services for it related to its duties and obligations hereunder for indemnification of the Servicer by such Independent Contractor, and nothing in this Agreement shall be deemed to limit or modify such indemnification. The Servicer shall be solely liable for all fees owed by it to any such Independent Contractor, irrespective of whether the Servicer’s compensation pursuant to Section 3.18 is sufficient to pay such fees; provided, however, that to the extent that any payments made by such Independent Contractor would constitute Servicing Advances if made by the Servicer, such amounts shall be reimbursable as Servicing Advances made by the Servicer.
(d) In addition to the withdrawals permitted under Section 3.23(c), the Servicer may from time to time make withdrawals from the REO Account for any REO Property: (i) to pay itself or any Sub-Servicer unpaid Servicing Fees in respect of the related Mortgage Loan; and (ii) to reimburse itself or any Sub-Servicer for unreimbursed Servicing Advances and Advances made in respect of such REO Property or the related Mortgage Loan. On the Servicer Remittance Date, the Servicer shall withdraw from each REO Account maintained by it and deposit into the Distribution Account in accordance with Section 3.10(d)(ii), for distribution on the related Distribution Date in accordance with Section 4.01, the
income from the related REO Property received during the prior calendar month, net of any withdrawals made pursuant to Section 3.23(c) or this Section 3.23(d).
(e) Subject to the time constraints set forth in Section 3.23(a), each REO Disposition shall be carried out by the Servicer at such price and upon such terms and conditions as the Servicer shall deem necessary or advisable, as shall be normal and usual in the servicing standards set forth in Section 3.01.
(f) The proceeds from the REO Disposition, net of any amount required by law to be remitted to the Mortgagor under the related Mortgage Loan and net of any payment or reimbursement to the Servicer or any Sub-Servicer as provided above, shall be deposited in the Distribution Account in accordance with Section 3.10(d)(ii) on the Servicer Remittance Date in the month following the receipt thereof for distribution on the related Distribution Date in accordance with Section 4.01. Any REO Disposition shall be for cash only (unless changes in the REMIC Provisions made subsequent to the Startup Day allow a sale for other consideration).
(g) The Servicer shall file information returns with respect to the receipt of mortgage interest received in a trade or business, reports of foreclosures and abandonments of any Mortgaged Property and cancellation of indebtedness income with respect to any Mortgaged Property as required by Sections 6050H, 6050J and 6050P of the Code, respectively. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by such Sections 6050H, 6050J and 6050P of the Code.
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SECTION 3.24. |
Obligations of the Servicer in Respect of Prepayment Interest Shortfalls. |
The Servicer shall deliver to the Trustee for deposit into the Distribution Account by 3:00 p.m. New York time on the Servicer Remittance Date from its own funds an amount (“Compensating Interest”) equal to the lesser of (i) the aggregate of the Prepayment Interest Shortfalls for the related Distribution Date resulting from full Principal Prepayments during the related Prepayment Period and (ii) the aggregate Servicing Fee received in the related Due Period. The Servicer shall not be obligated to pay Compensating Interest with respect to Relief Act Interest Shortfalls. Any amounts paid by the Servicer pursuant to this Section 3.24 shall not be reimbursed by REMIC I.
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SECTION 3.25. |
Obligations of the Servicer in Respect of Mortgage Rates and Monthly Payments. |
In the event that a shortfall in any collection on or liability with respect to the Mortgage Loans in the aggregate results from or is attributable to adjustments to Mortgage Rates, Monthly Payments or Stated Principal Balances that were made by the Servicer in a manner not consistent with the terms of the related Mortgage Note and this Agreement, the Servicer, upon discovery or receipt of notice thereof, immediately shall deposit in the Collection Account from its own funds the amount of any such shortfall and shall indemnify and hold harmless the Trust Fund, the Trustee, the Depositor and any successor servicer in respect of any such liability. Such indemnities shall survive the termination or discharge of this Agreement. Notwithstanding the foregoing, this Section 3.25 shall not limit the ability of the Servicer to seek
recovery of any such amounts from the related Mortgagor under the terms of the related Mortgage Note, as permitted by law.
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SECTION 3.26. |
Advance Facility |
(a) Notwithstanding anything to the contrary contained herein, (i) the Servicer is hereby authorized to enter into an advance facility (“Advance Facility”) under which (A) the Servicer sells, assigns or pledges to another Person (together with such person’s successors and assigns, an “Advancing Person”) the Servicer’s rights under this Agreement to be reimbursed for any Advances or Servicing Advances and/or (B) an Advancing Person agrees to fund some or all Advances or Servicing Advances required to be made by the Servicer pursuant to this Agreement and (ii) the Servicer is hereby authorized to assign its rights to the Servicing Fee; it being understood that neither the Trust Fund nor any party hereto shall have a right or claim (including without limitation any right of offset) to the portion of the Servicing Fee so assigned. No consent of the Trustee, Certificateholders or any other party is required before the Servicer may enter into an Advance Facility. Notwithstanding the existence of any Advance Facility under which an Advancing Person agrees to fund Advances and/or Servicing Advances on the Servicer’s behalf, the Servicer shall remain obligated pursuant to this Agreement to make Advances and Servicing Advances pursuant to and as required by this Agreement, and shall not be relieved of such obligations by virtue of such Advance Facility. If the Servicer enters into an Advance Facility, and for so long as an Advancing Person remains entitled to receive reimbursement for any Advances including Nonrecoverable Advances related thereto (“Advance Reimbursement Amounts”) and/or Servicing Advances, including Nonrecoverable Servicing Advances related thereto (“Servicing Advance Reimbursement Amounts” and, together with Advance Reimbursement Amounts, “Reimbursement Amounts”) (in each case to the extent that such type of Reimbursement Amount is included in the Advance Facility), then the Servicer shall identify such Reimbursement Amounts as received, consistently with the reimbursement rights set forth in this Agreement, and shall remit such Reimbursement Amounts in accordance with the documentation establishing the Advance Facility to such Advancing Person or to a trustee, agent or custodian (an “Advance Facility Trustee”) designated by such Advancing Person. Notwithstanding the foregoing, if so required pursuant to the terms of the Advance Facility, the Servicer may direct the Trustee to, and if so directed the Trustee is hereby authorized to and shall, pay to the Advancing Person or the Advance Facility Trustee the Reimbursement Amounts identified pursuant to the preceding sentence. Notwithstanding anything to the contrary herein, in no event shall Reimbursement Amounts be included in Available Funds or distributed to Certificateholders.
If the Servicer enters into an Advance Facility, the Servicer and the related Advancing Person shall deliver to the Trustee a written notice of the existence of such Advance Facility (an “Advance Facility Notice”), stating the identity of the Advancing Person and any related Advance Facility Trustee. An Advance Facility Notice may only be terminated by the joint written direction of the Servicer and the related Advancing Person as described in Section 3.26(h) below.
(b) Reimbursement Amounts shall consist solely of amounts in respect of Advances and/or Servicing Advances made with respect to the Mortgage Loans for which the Servicer would be permitted to reimburse itself in accordance with this Agreement, assuming the
Servicer had made the related Advance(s) and/or Servicing Advance(s). The Trustee shall have no duty or liability with respect to the calculation of any Reimbursement Amount, nor shall the Trustee have any responsibility to track or monitor the administration of the Advance Facility or the payment of Reimbursement Amounts to the related Advancing Person or Advance Facility Trustee. The Servicer shall maintain and provide to any successor servicer a detailed accounting on a loan by loan basis as to amounts advanced by, pledged or assigned to, and reimbursed to any Advancing Person. The successor servicer shall be entitled to rely on any such information provided by the predecessor Servicer, and the successor servicer shall not be liable for any errors in such information.
(c) An Advancing Person who receives an assignment or pledge of the rights to be reimbursed for Advances and/or Servicing Advances, and/or whose obligations are limited to the making or funding of Advances will not be deemed to be a Sub-servicer under this Agreement or be required to meet the criteria for qualification as a Sub-servicer under this Agreement.
(d) Reimbursement Amounts allocated to reimburse Advances or Servicing Advances made with respect to any particular Mortgage Loan shall be allocated to the reimbursement of the unreimbursed Advances or Servicing Advances (as the case may be) made with respect to that Mortgage Loan on a “first-in, first out” (“FIFO”) basis, such that the Reimbursement Amounts shall be applied to reimburse the Advance or Servicing Advance (as the case may be) for that Mortgage Loan that was disbursed earliest in time first, and to reimburse the Advance or Servicing Advance (as the case may be) for that Mortgage Loan that was disbursed latest in time last. Liquidation Proceeds with respect to a Mortgage Loan shall be applied to reimburse Servicing Advances outstanding with respect to that Mortgage Loan before being applied to reimburse Advances outstanding with respect to that Mortgage Loan. The Servicer shall provide to the related Advancing Person or Advance Facility Trustee loan-by-loan information with respect to each Reimbursement Amount remitted to such Advancing Person or Advance Facility Trustee, to enable the Advancing Person or Advance Facility Trustee to make the FIFO allocation of each such Reimbursement Amount with respect to each Mortgage Loan.
(e) The Servicer who enters into an Advance Facility shall indemnify the Trustee, the Trust Fund, the Depositor and any successor servicer for any claim, loss, liability or damage resulting from any claim by the related Advancing Person, except to the extent that such claim, loss, liability or damage (i) in the case of the Depositor, was incurred by reason of the Depositor's willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of its reckless disregard of obligations and duties hereunder, (ii) in the case of a successor servicer, was incurred by reason of such successor servicer's willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of its reckless disregard of obligations and duties hereunder or by reason of a breach of such successor servicer's obligations and duties under this Agreement or (iii) in the case of the Trustee or the Trust Fund, (A) resulted from a breach of the Servicer's or a successor servicer's obligations and duties under this Agreement for which the Trustee is indemnified under Section 6.03(a) or (B) was incurred by reason of willful misfeasance, bad faith or negligence of the Trustee in the performance of its duties hereunder or by reason of the Trustee's reckless disregard of obligations and duties hereunder or as a result of a breach of the Trustee's obligations under Article VIII hereof. Notwithstanding the foregoing, the exclusions set forth in clauses (i), (ii) and (iii) above from the
Servicer's obligation to indemnify the Depositor, any successor servicer, the Trustee and the Trust Fund shall not be applicable, in any case, to the extent the applicable claim, loss, liability or damage was incurred by reason of the Servicer's willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of its reckless disregard of obligations and duties hereunder or by reason of a breach of the Servicer's obligations and duties under this Agreement.
(f) Any amendment to this Section 3.26 or to any other provision of this Agreement that may be necessary or appropriate to effect the terms of an Advance Facility as described generally in this Section 3.26, including amendments to add provisions relating to a successor servicer, may be entered into by the Depositor, the Trustee and the Servicer without the consent of any Certificateholder, notwithstanding anything to the contrary in this Agreement.
(g) Any rights of set-off that the Trust Fund, the Trustee, the Depositor, any successor servicer or any other Person might otherwise have against the Servicer under this Agreement shall not attach to any rights to be reimbursed for Advances or Servicing Advances that have been sold, transferred, pledged, conveyed or assigned to any Advancing Person.
(h) At any time when an Advancing Person shall have ceased funding Advances and/or Servicing Advances (as the case may be) and the Advancing Person or related Advance Facility Trustee shall have received Reimbursement Amounts sufficient in the aggregate to reimburse all Advances and/or Servicing Advances (as the case may be) the right to reimbursement for which were assigned to the Advancing Person, then upon the delivery of a written notice signed by the Advancing Person and the Servicer to the Trustee terminating the Advance Facility Notice (the “Notice of Facility Termination”), the Servicer shall again be entitled to withdraw and retain the related Reimbursement Amounts from the Collection Account pursuant to the applicable Sections of this Agreement.
(i) After delivery of any Advance Facility Notice, and until any such Advance Facility Notice has been terminated by a Notice of Facility Termination, this Section 3.26 may not be amended or otherwise modified without the prior written consent of the related Advancing Person.
ARTICLE IV
PAYMENTS TO CERTIFICATEHOLDERS
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SECTION 4.01. |
Distributions. |
(a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be:
(1) to Holders of REMIC I Regular Interest I-1-A through I-40-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates.
(2) to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interests I-1-A through I-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of any Overcollateralization Reduction Amounts, to REMIC I Regular Interests I-1-A through I-40-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Overcollateralization Reduction Amounts shall be allocated pro rata between such REMIC I Regular Interests.
(3) to the Holders of REMIC I Regular Interest I-40-B, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause.
(b) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:
(i) to the Holders of REMIC II Regular Interest II-LTIO, in an amount equal to (a) Uncertificated Accrued Interest for such REMIC II Regular Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates.
(ii) to Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTM12, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular Interest II-LTZZ shall be reduced and deferred when the REMIC II Overcollateralized Amount is less than the REMIC II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum II-LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by such amount; and
(iii) to the Holders of REMIC II Regular Interest II-LTP, (A) on each Distribution Date, 100% of the amount paid in respect of Prepayment Charges and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause;
(iv) to the Holders of the REMIC II Regular Interests, in an amount equal to the remainder of the Available Funds for such Distribution Date after the distributions made pursuant to clauses (i), (ii) and (iii) above, allocated as follows:
(a) 98.00% of such remainder to the Holders of REMIC II Regular Interest II-LTAA, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero;
(b) 2.00% of such remainder, first to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-
LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12, equal to 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second, to the Holders of REMIC II Regular Interest II-LTZZ, 1.00%, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; and
(c) any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-II Interest);
provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTZZ, respectively; once the Uncertificated Principal Balances of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTM12 have been reduced to zero.
On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans during the related Prepayment Period and any Servicer Prepayment Charge Payment Amount paid by the Servicer during the related Prepayment Period will be distributed by REMIC II to the Holders of REMIC II Regular Interest II-LTP. The payment of the foregoing amounts to the Holders of REMIC II Regular Interest II-LTP shall not reduce the Uncertificated Balance thereof.
(c)(I) On each Distribution Date, the Trustee shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Interest Remittance Amount for such Distribution Date, and make the following distributions in the order of priority described below, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date:
(iii) concurrently, to the Holders of the Class A Certificates, on a pro rata basis based on the entitlement of each such Class, the Monthly Interest Distributable Amount and the Unpaid Interest Shortfall Amount, if any, for such Certificates for such Distribution Date;
(iv) to the Holders of the Class M-1 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(v) to the Holders of the Class M-2 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(vi) to the Holders of the Class M-3 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(vii) to the Holders of the Class M-4 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(viii) to the Holders of the Class M-5 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(ix) to the Holders of the Class M-6 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(x) to the Holders of the Class M-7 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(xi) to the Holders of the Class M-8 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(xii) to the Holders of the Class M-9 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(xiii) to the Holders of the Class M-10 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates;
(xiv) to the Holders of the Class M-11 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates; and
(xv) to the Holders of the Class M-12 Certificates, the Monthly Interest Distributable Amount allocable to such Certificates.
(c)(II) On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Distribution Amount shall be made in the following amounts and order of priority:
(i) first, to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero;
(ii) second, to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(iii) third, to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(iv) fourth, to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(v) fifth, to the Holders of the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(vi) sixth, to the Holders of the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(vii) seventh, to the Holders of the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(viii) eighth, to the Holders of the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(ix) ninth, to the Holders of the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(x) tenth, to the Holders of the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(xi) eleventh, to the Holders of the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(xii) twelfth, to the Holders of the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and
(xiii) thirteenth, to the Holders of the Class M-12 Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(c)(III) On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Distribution Amount shall be made in the following amounts and order of priority:
(i) first, to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), the Senior Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero;
(ii) second, to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(iii) third, to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(iv) fourth, to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(v) fifth, to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(vi) sixth, to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(vii) seventh, to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(viii) eighth, to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(ix) ninth, to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(x) tenth, to the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(xi) eleventh, to the Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;
(xii) twelfth, to the Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and
(xiii) thirteenth, to the Holders of the Class M-12 Certificates, the Class M-12 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero.
With respect to the Class A Certificates, all principal distributions will be distributed sequentially to the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates and the Class A-4 Certificates, in that order, until their respective Certificate Principal Balances have been reduced to zero. Notwithstanding any provisions contained in this Agreement to the contrary, on any Distribution Date on which the aggregate Certificate Principal Balance of the Subordinate Certificates has been reduced to zero, all distributions of principal to the Class A Certificates shall be distributed concurrently to the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates and the Class A-4 Certificates, on a pro rata basis based on the Certificate Principal Balance of each such Class.
(d) On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed as follows:
(i) to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, without taking into account amounts, if any, received under the Interest Rate Swap Agreement, distributable to such Holders as part of the Principal Distribution Amount, as applicable, as described under Section 4.01(a)(3) above;
(ii) sequentially, to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates, Class M-11 Certificates and Class M-12 Certificates, in that order, in each case first, in an amount equal to the Unpaid Interest Shortfall Amount allocable to such Certificates and second, in an amount equal to the Allocated Realized Loss Amount allocable to such Certificates;
(iii) to the Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover Amounts, without taking into account amounts, if any, received under the Interest Rate Swap Agreement;
(iv) to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event;
(v) to the Holders of the Class CE Certificates, (a) the Monthly Interest Distributable Amount and any Overcollateralization Release Amount for such Distribution Date and (b) on any Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates has been reduced to zero, any remaining amounts in reduction of the Certificate Principal Balance of the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero;
(xxiv) if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance thereof is reduced to zero; and
(xxv) any remaining amounts to the Holders of the Residual Certificates (in respect of the appropriate Class R Interest).
Without limiting the provisions of Section 9.01(b), by acceptance of the Residual Certificates, the Holders of the Residual Certificates agree, and it is the understanding of the parties hereto, that for so long as any of the notes issued pursuant to the Indenture are outstanding or any amounts are reimbursable or payable to the NIMS Insurer in accordance with the terms of the Indenture, to pledge their rights to receive any amounts otherwise distributable to the Holders of the Class R Certificates (and such rights are hereby assigned and transferred) to the Holders of the Class CE Certificates.
(e) On each Distribution Date, after making the distributions of the Available Funds as set forth above, the Trustee will withdraw from the Net WAC Rate Carryover Reserve Account, to the extent of amounts remaining on deposit therein, the amount of any Net WAC Rate Carryover Amount for such Distribution Date and distribute such amount in the following order of priority:
(i) concurrently, to the Class A Certificates, on a pro rata basis based on the remaining Net WAC Rate Carryover Amount for each such Class; and
(ii) sequentially, to the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates, Class M-11 Certificates and Class M-12 Certificates, in that order, the Net WAC Rate Carryover Amount for each such Class.
On each Distribution Date, the Trustee shall withdraw any amounts then on deposit in the Distribution Account that represent (i) Prepayment Charges collected by the Servicer in connection with the Principal Prepayment of any of the Mortgage Loans or (ii) any Servicer Prepayment Charge Payment Amount, and shall distribute such amounts to the Holders of the Class P Certificates. Such distributions shall not be applied to reduce the Certificate Principal Balance of the Class P Certificates.
Following the foregoing distributions, an amount equal to the amount of Subsequent Recoveries remitted to the Servicer shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the Highest Priority up to the extent of such Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.04. An amount equal to the amount of any remaining Subsequent Recoveries shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the next Highest Priority, up to the amount of such Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.04. Holders of such Certificates will not be entitled to any distribution in respect of interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Certificate of such Class in accordance with its respective Percentage Interest.
(f) On each Distribution Date, after making the distributions of the Available Funds, Net Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover Reserve Account as set forth above, the Trustee shall distribute the amount on deposit in the Swap Account as follows:
(i) first, to the Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant to the Interest Rate Swap Agreement for such Distribution Date;
(ii) second, to the Swap Provider, any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement;
(iii) third, concurrently, to each Class of Class A Certificates, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount remaining undistributed after the distributions of the Interest Remittance Amount, on a pro rata basis based on such respective remaining Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount;
(iv) fourth, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount, to the extent remaining undistributed after the distributions of the Interest Remittance Amount and the Net Monthly Excess Cashflow;
(v) fifth, to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, without taking into account amounts, if any, received under the Interest Rate Swap Agreement, distributable to such Holders as part of the Principal Distribution Amount, remaining undistributed after distribution of the Net Monthly Excess Cashflow;
(vi) sixth, sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and M-12 Certificates, in that order, in each case up to the related Allocated Realized Loss Amount related to such Certificates for such Distribution Date remaining undistributed after distribution of the Net Monthly Excess Cashflow;
(vii) seventh, concurrently, to each Class of Class A Certificates, the related Net WAC Rate Carryover Amount, to the extent remaining undistributed after distributions are made from the Net WAC Rate Carryover Reserve Account, on a pro rata basis based on such respective Net WAC Rate Carryover Amounts remaining; and
(viii) eighth, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, the related Net WAC Rate Carryover Amount, to the extent remaining undistributed after distributions are made from the Net WAC Rate Carryover Reserve Account.
(g) All distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated pro rata among the outstanding Certificates in such Class based on their respective Percentage Interests. Distributions in respect of each Class of Certificates on each Distribution Date will be made to the Holders of the respective Class of record on the related Record Date (except as otherwise provided in Section 4.01(i) or Section 9.01 respecting the final distribution on such Class), based on the aggregate Percentage Interest represented by their respective Certificates, and shall be made by wire transfer of immediately available funds to the account of any such Holder at a bank or other entity having appropriate facilities therefor, if such Holder shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Certificates having an initial aggregate Certificate Principal Balance or
Notional Amount that is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the initial Certificate Principal Balance or Notional Amount of such Class of Certificates, or otherwise by check mailed by first class mail to the address of such Holder appearing in the Certificate Register. The final distribution on each Certificate will be made in like manner, but only upon presentment and surrender of such Certificate at the Corporate Trust Office of the Trustee or such other location specified in the notice to Certificateholders of such final distribution.
Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Depositor or the Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law.
(h) The rights of the Certificateholders to receive distributions in respect of the Certificates, and all interests of the Certificateholders in such distributions, shall be as set forth in this Agreement. None of the Holders of any Class of Certificates, the Trustee or the Servicer shall in any way be responsible or liable to the Holders of any other Class of Certificates in respect of amounts properly previously distributed on the Certificates.
(i) Except as otherwise provided in Section 9.01, whenever the Trustee expects that the final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Trustee shall, no later than three (3) days before the related Distribution Date, mail to each Holder on such date of such Class of Certificates a notice to the effect that:
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(A) |
the Trustee expects that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee therein specified, and |
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(B) |
no interest shall accrue on such Certificates from and after the end of the related Accrual Period. |
Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust by the Trustee and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(i) shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trustee shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation, the Trustee shall, directly or through an agent, mail a final notice to the remaining non-tendering Certificateholders concerning surrender of their Certificates but shall continue to hold any
remaining funds for the benefit of non-tendering Certificateholders. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within one year after the final notice any such Certificates shall not have been surrendered for cancellation, the Trustee shall pay to UBS Securities LLC all such amounts, and all rights of non-tendering Certificateholders in or to such amounts shall thereupon cease. No interest shall accrue or be payable to any Certificateholder on any amount held in trust by the Trustee as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.01(i). Any such amounts held in trust by the Trustee shall be held in an Eligible Account and the Trustee may direct any depository institution maintaining such account to invest the funds in one or more Permitted Investments. All income and gain realized from the investment of funds deposited in such accounts held in trust by the Trustee shall be for the benefit of the Trustee; provided, however, that the Trustee shall deposit in such account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon the realization of such loss.
(j) Notwithstanding anything to the contrary herein, (i) in no event shall the Certificate Principal Balance of a Class A Certificate or a Mezzanine Certificate be reduced more than once in respect of any particular amount both (a) allocated to such Certificate in respect of Realized Losses pursuant to Section 4.04 and (b) distributed to the Holder of such Certificate in reduction of the Certificate Principal Balance thereof pursuant to this Section 4.01 from Net Monthly Excess Cashflow and (ii) in no event shall the Uncertificated Balance of a REMIC II Regular Interest be reduced more than once in respect of any particular amount both (a) allocated to such REMIC II Regular Interest in respect of Realized Losses pursuant to Section 4.04 and (b) distributed on such REMIC II Regular Interest in reduction of the Uncertificated Balance thereof pursuant to this Section 4.01.
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SECTION 4.02. |
Statements to Certificateholders. |
On each Distribution Date, the Trustee shall prepare and make available on its website at xxx.xxxxxx.xxx/xxx for access by each Holder of the Regular Certificates, the other parties hereto, and the NIMS Insurer, the Swap Provider, the Credit Risk Manager and the Rating Agencies, a statement as to the distributions made on such Distribution Date containing the following information:
(i) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges and Servicer Prepayment Charge Payment Amounts;
(ii) the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;
(iii) the aggregate Servicing Fee (and any other compensation payable to the Servicer) and the Credit Risk Manager Fee during the related Due Period and such other customary information as the Trustee deems necessary or desirable, or which a
Certificateholder reasonably requests, to enable Certificateholders to prepare their tax returns;
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(iv) |
the aggregate amount of Advances for such Distribution Date; |
(v) the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date;
(vi) the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date;
(vii) the number and aggregate unpaid Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;
(viii) the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;
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(ix) |
[reserved]; |
(x) the aggregate amount of Principal Prepayments made during the related Prepayment Period;
(xi) the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;
(xii) the aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the Collection Account or the Distribution Account for such Distribution Date;
(xiii) the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;
(xiv) the Certificate Factor for each such Class of Certificates applicable to such Distribution Date;
(xv) the Monthly Interest Distributable Amount in respect of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to the
Class A Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls;
(xvi) the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Servicer pursuant to Section 3.24;
(xvii) the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date;
(xviii) the Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date;
(xix) the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;
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(xx) |
the Aggregate Loss Severity Percentage; |
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(xxi) |
when the Stepdown Date or Trigger Event has occurred; | |||
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(xxii) |
the Available Funds; |
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(xxiii) the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; and
(xxiv) the amount of any Net Swap Payments or Swap Termination Payments.
In the case of information furnished pursuant to subclauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class.
Within a reasonable period of time after the end of each calendar year, the Trustee shall, upon written request, forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (i) through (iii) above, 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 are in force.
On each Distribution Date, the Trustee shall make available on its website at xxx.xxxxxx.xxx/xxx for access by the Depositor, the NIMS Insurer, each Holder of a Residual Certificate and the Servicer, the reports available to the Regular Certificateholders on such
Distribution Date and a statement setting forth the amounts, if any, actually distributed with respect to the Residual Certificates, respectively, on such Distribution Date.
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 a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder.
The Trustee shall, upon request, furnish to each Certificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trustee’s duties are limited to the extent that the Trustee receives timely reports as required from the Servicer.
On each Distribution Date the Trustee shall provide Intex Solutions, Inc. and Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trustee and Bloomberg.
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SECTION 4.03. |
Remittance Reports; Advances. |
(a) Not later than the seventeenth day of each calendar month or if such seventeenth day is not a Business Day, the following Business Day, the Servicer shall deliver to the Trustee, the Credit Risk Manager and the NIMS Insurer by telecopy or electronic mail (or by such other means as the Servicer and the Trustee may agree from time to time) a Remittance Report with respect to the related Distribution Date. Not later than the seventeenth day of each calendar month or if such seventeenth day is not a Business Day, the following Business Day, the Servicer shall deliver or cause to be delivered to the Trustee in addition to the information provided on the Remittance Report, such other information reasonably available to it with respect to the Mortgage Loans as the Trustee may reasonably require to perform the calculations necessary to make the distributions contemplated by Section 4.01 and to prepare the statements to Certificateholders contemplated by Section 4.03. The Trustee shall not be responsible to recompute, recalculate or verify any information provided to it by the Servicer.
(b) The amount of Advances to be made by the Servicer for any Distribution Date shall equal, subject to Section 4.03(d), the sum of (i) the aggregate amount of Monthly Payments (net of the related Servicing Fee), due during the related Due Period in respect of the Mortgage Loans, which Monthly Payments were delinquent on a contractual basis as of the close of business on the related Determination Date; and (ii) with respect to each REO Property, which REO Property was acquired during or prior to the related Due Period and as to which REO Property an REO Disposition did not occur during the related Due Period, an amount equal to the excess, if any, of the REO Imputed Interest on such REO Property for the most recently ended
calendar month, over the net income from such REO Property transferred to the Distribution Account pursuant to Section 3.23 for distribution on such Distribution Date.
On or before 3:00 p.m. New York time on the Servicer Remittance Date, the Servicer shall remit in immediately available funds to the Trustee for deposit in the Distribution Account an amount equal to the aggregate amount of Advances, if any, to be made in respect of the Mortgage Loans and REO Properties for the related Distribution Date either (i) from its own funds or (ii) from the Collection Account, to the extent of funds held therein for future distribution (in which case it will cause to be made an appropriate entry in the records of Collection Account that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Servicer in discharge of any such Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of Advances to be made by the Servicer with respect to the Mortgage Loans and REO Properties. Any amounts held for future distribution used by the Servicer to make an Advance as permitted in the preceding sentence shall be appropriately reflected in the Servicer’s records and replaced by the Servicer by deposit in the Collection Account on or before any future Servicer Remittance Date to the extent that the Available Funds for the related Distribution Date (determined without regard to Advances to be made on the Servicer Remittance Date) shall be less than the total amount that would be distributed to the Classes of Certificateholders pursuant to Section 4.01 on such Distribution Date if such amounts held for future distributions had not been so used to make Advances. The Trustee will provide notice to the Servicer and the NIMS Insurer by telecopy by the close of business on any Servicer Remittance Date in the event that the amount remitted by the Servicer to the Trustee on such date is less than the Advances required to be made by the Servicer for the related Distribution Date, as set forth in the related Remittance Report.
(c) The obligation of the Servicer to make such Advances is mandatory, notwithstanding any other provision of this Agreement but subject to (d) below and, with respect to any Mortgage Loan, shall continue until the Mortgage Loan is paid in full or until all Liquidation Proceeds thereon have been recovered, or a Final Recovery Determination has been made thereon.
(d) Notwithstanding anything herein to the contrary, no Advance or Servicing Advance shall be required to be made hereunder by the Servicer if such Advance or Servicing Advance would, if made, constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively. The determination by the Servicer that it has made a Nonrecoverable Advance or a Nonrecoverable Servicing Advance or that any proposed Advance or Servicing Advance, if made, would constitute a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, shall be evidenced by an Officers’ Certificate of the Servicer delivered to the Depositor, the NIMS Insurer, the Credit Risk Manager and the Trustee. Furthermore, the Servicer shall not be required to advance Relief Act Interest Shortfalls.
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SECTION 4.04. |
Allocation of Realized Losses. |
(a) Not later than the eighteenth day of the calendar month in which such Distribution Date occurs or if such eighteenth day is not a Business Day, the following Business Day, the Servicer shall determine as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery
Determinations made during the related Prepayment Period; and (ii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Not later than the eighteenth day of the calendar month in which such Distribution Date occurs or if such eighteenth day is not a Business Day, the following Business Day, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period. The information described in the preceding sentence that is to be supplied by the Servicer shall be evidenced by an Officer’s Certificate delivered to the Trustee by the Servicer not later than the eighteenth day of the calendar month in which such Distribution Date occurs or if such eighteenth day is not a Business Day, the following Business Day, immediately following the end of the Prepayment Period during which any such Realized Loss was incurred.
(b) All Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third to the Class M-12 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; thirteenth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and fourteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date.
Any allocation of Realized Losses to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated; any allocation of Realized Losses to a Class CE Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(d)(v). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A Certificates or the Class P Certificates.
(c) As used herein, an allocation of a Realized Loss on a “pro rata basis” among two or more specified Classes of Certificates means an allocation on a pro rata basis,
among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby.
(c) With respect to the REMIC I Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated shall be allocated by the Securities Administrator on each Distribution Date to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-40-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests.
(d) With respect to the REMIC II Regular Interests, all Realized Losses on the Mortgage Loans shall be allocated by the Trustee on each Distribution Date to the following REMIC II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTZZ up to an aggregate amount equal to the REMIC II Interest Loss Allocation Amount, 98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTZZ up to an aggregate amount equal to the REMIC II Principal Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM12 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM12 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM11 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM10 has been reduced to zero; sixth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM9 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM8 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM8 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; ninth to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA,
REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; thirteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and fourteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero.
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SECTION 4.05. |
Compliance with Withholding Requirements |
Notwithstanding any other provision of this Agreement, the Trustee shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trustee does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trustee shall indicate the amount withheld to such Certificateholders.
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SECTION 4.06. |
Exchange Commission; Additional Information. |
(a) The Trustee and the Servicer shall reasonably cooperate with the Depositor in connection with satisfying the reporting requirements of the Trust Fund under the Exchange Act. The Trustee shall prepare and sign on behalf of the Trust Fund any Forms 8-K customary for similar securities as required by the Exchange Act and the Rules and Regulations of the Commission thereunder, and the Trustee shall file (via the Commission’s Electronic Data Gathering and Retrieval System) such forms on behalf of the Trust Fund. The Trustee shall prepare and sign any Form 10-K which includes as exhibits (i) the Certification (as defined in (b) below), (ii) the Servicer’s annual statement of compliance described under Section 3.20 and (iii) the accountant’s report described under Section 3.21 and the Trustee shall file (via the Commission’s Electronic Data Gathering and Retrieval System) such forms on behalf of the Trust Fund. To the extent that the Commission requires any additional information to be filed pursuant to a Form 10-K, the Trustee, shall prepare, sign and promptly file an amended Form 10-K containing such additional information. To the extent that the Servicer acquires actual knowledge of material information (as determined by the Servicer in good faith) concerning the Trust Fund, it shall notify the Trustee of such information.
(b) Each Form 8-K shall be filed by the Trustee within 15 days after each Distribution Date with a copy of the Monthly Statement for such Distribution Date as an exhibit thereto. Prior to March 31st of each year (or such earlier date as may be required by the Exchange Act and the Rules and Regulations of the Commission), the Trustee shall file a Form 10-K, in substance as required by applicable law or applicable Commission staff’s interpretations. Such Form 10-K shall include as exhibits the Servicer’s annual statement of
compliance described under Section 3.20 and the accountant’s report described under Section 3.21, in each case to the extent they have been timely delivered to the Trustee. If they are not so timely delivered, the Trustee shall file an amended Form 10-K including such documents as exhibits reasonably promptly after they are delivered to the Trustee. The Trustee shall have no liability with respect to any failure to properly prepare or file such periodic reports resulting from or relating to (a) the Trustee’s inability or failure to obtain any information not resulting from its own negligence or willful misconduct or (b) any inaccuracy in such periodic reports resulting from incorrect information provided to the Trustee by the Servicer in a Remittance Report or otherwise. The Form 10-K shall also include a certification in the form attached hereto as Exhibit J-1 (the “Certification”), which shall be signed by the Trustee.
(c) In addition, the Servicer shall sign a certification (in the form attached hereto as Exhibit J-2) for the benefit of the Trustee and its officers, directors and Affiliates regarding certain aspects of the Certification (provided, however, that the Servicer shall not undertake an analysis of the accountant’s report attached as an exhibit to the Form 10-K). The Servicer’s certification shall be delivered to the Trustee by no later than March 15th of each year (or if such day is not a Business Day, the immediately preceding Business Day).
In addition, (i) the Trustee shall, subject to the provisions of Sections 8.01 and 8.02, indemnify and hold harmless the Depositor and the Servicer and their respective officers, directors and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon a breach of the Trustee’s obligations under Section 4.06(b) or the Trustee’s negligence, bad faith or willful misconduct in connection therewith, and (ii) the Servicer shall indemnify and hold harmless the Depositor, the Trustee and their respective officers, directors and Affiliates from and against any losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses arising out of or based upon a breach of the Servicer’s obligations under this Section 4.06(b) or the Servicer’s negligence, bad faith or willful misconduct in connection therewith. If the indemnification provided for herein is unavailable or insufficient to hold harmless the Depositor or the Servicer, then (i) the Trustee agrees that it shall contribute to the amount paid or payable by the Depositor or the Servicer, as applicable, as a result of the losses, claims, damages or liabilities of the Depositor or the Servicer, as applicable, in such proportion as is appropriate to reflect the relative fault of the or the Depositor or the Servicer, as applicable, on the one hand and the Trustee on the other in connection with a breach of the Trustee’s obligations under this Section 4.06(b) or the Trustee’s negligence, bad faith or willful misconduct in connection therewith and (ii) the Servicer agrees that it shall contribute to the amount paid or payable by the Depositor or the Trustee, as applicable, as a result of the losses, claims, damages or liabilities of the Depositor or the Trustee, as applicable, in such proportion as is appropriate to reflect the relative fault of the Depositor or the Trustee, as applicable, on the one hand and the Servicer on the other in connection with a breach of the Servicer’s obligations under this Section 4.06(b) or the Servicer’s negligence, bad faith or willful misconduct in connection therewith. Notwithstanding any other provision in this Agreement to the contrary, the Servicer shall not have any responsibility or liability to any party relating to the certification or information prepared, certified or distributed by the Trustee or any other party other than the Servicer unless such information was derived from erroneous or incomplete information required to be provided by the Servicer under this Agreement.
(d) Upon any filing with the Commission pursuant to this Section 4.06(b), the Trustee shall promptly deliver to the Depositor a copy of any executed report, statement or information.
(e) Prior to January 30 of the first year in which the Trustee is able to do so under applicable law, the Trustee shall file a Form 15 Suspension Notification with respect to the Trust Fund.
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SECTION 4.07. |
Net WAC Rate Carryover Reserve Account. |
No later than the Closing Date, the Trustee shall establish and maintain with itself a separate, segregated trust account titled, “U.S. Bank National Association as Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2—Net WAC Rate Carryover Reserve Account.” All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Class A Certificates and/or the Mezzanine Certificates in the manner set forth in Section 4.01(e).
On each Distribution Date as to which there is a Net WAC Rate Carryover Amount payable to the Class A Certificates and/or the Mezzanine Certificates, the Trustee has been directed by the Class CE Certificateholders to, and therefore will, deposit into the Net WAC Rate Carryover Reserve Account the amounts described in Section 4.01(d)(iii), rather than distributing such amounts to the Class CE Certificateholders. On each such Distribution Date, the Trustee shall hold all such amounts for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates, and will distribute such amounts to the Holders of the Class A Certificates and the Mezzanine Certificates, as applicable, in the amounts and priorities set forth in Section 4.01(e).
It is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account be disregarded as an entity separate from the Holder of the Class CE Certificates unless and until the date when either (a) there is more than one Class CE Certificateholder or (b) any Class of Certificates in addition to the Class CE Certificates is recharacterized as an equity interest in the Net WAC Rate Carryover Reserve Account for federal income tax purposes, in which case it is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Supplemental Interest Trust be treated as a grantor trust. All amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC III to the Holder of the Class CE Interest and by REMIC IV to the Holder of the Class CE Certificates. The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h). Upon the termination of the Trust, or the payment in full of the Class A and the Mezzanine Certificates, all amounts remaining on deposit in the Net WAC Rate Carryover Reserve Account will be released by the Trust and distributed to the Trustee or its designee. The Net WAC Rate Carryover Reserve Account will be part of the Trust but not part of any REMIC and any payments to the Holders of the Class A and the Mezzanine Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).
By accepting a Class CE Certificate, each Class CE Certificateholder hereby agrees to direct the Trustee, and the Trustee hereby is directed, to deposit into the Net WAC Rate Carryover Reserve Account the amounts described above on each Distribution Date as to which there is any Net WAC Rate Carryover Amount rather than distributing such amounts to the Class CE Certificateholders. By accepting a Class CE Certificate, each Class CE Certificateholder further agrees that such direction is given for good and valuable consideration, the receipt and sufficiency of which is acknowledged by such acceptance.
Amounts on deposit in the Net WAC Rate Carryover Reserve Account shall remain uninvested.
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SECTION 4.08. |
Swap Account. |
On the Closing Date, there is hereby established a separate trust (the “Supplemental Interest Trust”), into which the Depositor shall deposit: (i) the Interest Rate Swap Agreement and (ii) the Swap Administration Agreement. The Supplemental Interest Trust shall be maintained by the Supplemental Interest Trust Trustee. No later than the Closing Date, the Supplemental Interest Trust Trustee shall establish and maintain with itself a separate, segregated trust account titled, “U.S. Bank National Association as Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2—Swap Account.” Such account shall be an Eligible Account and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. Amounts therein shall be held uninvested.
On each Distribution Date, prior to any distribution to any Certificate, the Supplemental Interest Trust Trustee shall deposit into the Swap Account: (i) the amount of any Net Swap Payment or Swap Termination Payment (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) owed to the Swap Provider (after taking into account any upfront payment received from the counterparty to a replacement interest rate swap agreement) from funds collected and received with respect to the Mortgage Loans prior to the determination of Available Funds and (ii) amounts received by the Supplemental Interest Trust Trustee from the Swap Provider, for distribution pursuant to the Swap Administration Agreement, dated as of the Closing Date (the “Swap Administration Agreement”), among U.S. Bank National Association in its capacity as Supplemental Interest Trust Trustee, U.S. Bank National Association in its capacity as Swap Administrator, U.S. Bank National Association in its capacity as Trustee and the Seller. For federal income tax purposes, any amounts paid to the Swap Provider on each Distribution Date shall first be deemed paid to the Swap Provider in respect of REMIC VI Regular Interest SWAP-IO to the extent of the amount distributable on REMIC VI Regular Interest SWAP-IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Provider in respect of a Class IO Distribution Amount (as defined below).
It is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Supplemental Interest Trust be disregarded as an entity separate from the Holder of the Class CE Certificates unless and until the date when either (a) there is more than one Class CE Certificateholder or (b) any Class of Certificates in addition to
the Class CE Certificates is recharacterized as an equity interest in the Supplemental Interest Trust for federal income tax purposes, in which case it is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Supplemental Interest Trust be treated as a grantor trust.
To the extent that the Supplemental Interest Trust is determined to be a separate legal entity from the Supplemental Interest Trust Trustee, any obligation of the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement shall be deemed to be an obligation of the Supplemental Interest Trust.
The Trustee shall treat the Holders of Certificates (other than the Class P, Class CE and Class R Certificates) as having entered into a notional principal contract with respect to the Holders of the Class CE Certificates. Pursuant to each such notional principal contract, all Holders of Certificates (other than the Class P, Class CE and Class R Certificates) shall be treated as having agreed to pay, on each Distribution Date, to the Holder of the Class CE Certificates an aggregate amount equal to the excess, if any, of (i) the amount payable on such Distribution Date on the REMIC III Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Class IO Distribution Amount”). A Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the excess of (a) the amount of interest otherwise payable to such Certificates over (ii) the amount of interest payable to such Certificates at a per annum rate equal to the Net WAC Pass-Through Rate, and a Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to such notional principal contract, the Holder of the Class CE Certificates shall be treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders of the Certificates (other than the Class CE, Class P and Class R Certificates) in accordance with the terms of this Agreement. Any payments to the Certificates from amounts deemed received in respect of this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1). However, any payment from the Certificates (other than the Class CE, Class P and Class R Certificates) of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC III and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract. Thus, each Certificate (other than the Class P and Class R Certificates) shall be treated as representing not only ownership of Regular Interests in REMIC III or REMIC IV, but also ownership of an interest in, and obligations with respect to, a notional principal contract.
SECTION 4.09. Tax Treatment of Swap Payments and Swap Termination Payments.
For federal income tax purposes, each holder of a Class A or Mezzanine Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Net WAC Rate Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate Carryover Amount or the obligation to make payments to the Swap Account. For federal income tax purposes, the Trustee will account for payments to each Class A and Mezzanine Certificates as follows: each Class A
and Class M Certificate will be treated as receiving their entire payment from REMIC III (regardless of any Swap Termination Payment or obligation under the Interest Rate Swap Agreement) and subsequently paying their portion of any Swap Termination Payment in respect of each such Class’ obligation under the Interest Rate Swap Agreement. In the event that any such Class is resecuritized in a REMIC, the obligation under the Interest Rate Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Swap Provider Fee), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Class A or Mezzanine Certificate. Resecuritization of any Class A or Mezzanine Certificate in a REMIC will be permissible only if the Trustee hereunder is the trustee in such resecuritization.
The REMIC regular interest corresponding to a Class A or Mezzanine Certificate will be entitled to receive interest and principal payments at the times and in the amounts equal to those made on the certificate to which it corresponds, except that (i) the maximum interest rate of that REMIC regular interest will equal the Net WAC Pass-Through Rate computed for this purpose by limiting the Calculation Amount of the Interest Rate Swap Agreement to the aggregate Stated Principal Balance of the Mortgage Loans and (ii) any Swap Termination Payment will be treated as being payable solely from Net Monthly Excess Cashflow. As a result of the foregoing, the amount of distributions and taxable income on the REMIC regular interest corresponding to a Class A or Mezzanine Certificate may exceed the actual amount of distributions on the Class A or Mezzanine Certificate.
ARTICLE V
THE CERTIFICATES
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SECTION 5.01. |
The Certificates. |
(a) The Certificates in the aggregate will represent the entire beneficial ownership interest in the Mortgage Loans and all other assets included in REMIC I.
The Certificates will be substantially in the forms annexed hereto as Exhibits A-1 through A-20. The Certificates of each Class will be issuable in registered form only, in denominations of authorized Percentage Interests as described in the definition thereof. Each Certificate will share ratably in all rights of the related Class.
Upon original issue, the Certificates shall be executed by the Trustee and authenticated and delivered by the Trustee to or upon the order of the Depositor. The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized signatory. Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Trustee shall bind the Trustee notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided herein executed by the Trustee by manual signature, and such certificate of authentication 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 authentication.
(b) The Class A Certificates and the Mezzanine Certificates shall initially be issued as one or more Certificates held by the Book-Entry Custodian or, if appointed to hold such Certificates as provided below, the Depository and registered in the name of the Depository or its nominee and, except as provided below, registration of such Certificates may not be transferred by the Trustee except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests therein. The Certificate Owners shall hold their respective Ownership Interests in and to such Certificates through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to definitive, fully registered Certificates (“Definitive Certificates”) in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the 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 the Ownership Interests in the 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. The Trustee is hereby initially appointed as the Book-Entry Custodian and hereby agrees to act as such in accordance herewith and in accordance with the agreement that it has with the Depository authorizing it to act as such. The Book-Entry Custodian may, and, if it is no longer qualified to act as such, the Book-Entry Custodian shall, appoint, by a written instrument delivered to the Depositor, the Servicer and the Trustee, any other transfer agent
(including the Depository or any successor Depository) to act as Book-Entry Custodian under such conditions as the predecessor Book-Entry Custodian and the Depository or any successor Depository may prescribe, provided that the predecessor Book-Entry Custodian shall not be relieved of any of its duties or responsibilities by reason of any such appointment of other than the Depository. If the Trustee resigns or is removed in accordance with the terms hereof, the successor trustee or, if it so elects, the Depository shall immediately succeed to its predecessor’s duties as Book-Entry Custodian. The Depositor shall have the right to inspect, and to obtain copies of, any Certificates held as Book-Entry Certificates by the Book-Entry Custodian.
The Trustee, the Servicer and the Depositor may for all purposes (including the making of payments due on the Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of the Book-Entry Certificates with respect to any particular matter shall not be deemed inconsistent if they are made with respect to different Certificate Owners. The Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date.
If (i)(A) the Depositor advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository, and (B) the Depositor is unable to locate a qualified successor or (ii) after the occurrence of a Servicer Event of Default, Certificate Owners representing in the aggregate not less than 51% of the Ownership Interests of the Book-Entry Certificates advise the Trustee through the Depository, in writing, that the continuation of a book-entry system through the Depository is no longer in the best interests of the Certificate Owners, the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of the Book-Entry Certificates by the Book-Entry Custodian or the Depository, as applicable, accompanied by registration instructions from the Depository for registration of transfer, the Trustee shall cause the Definitive Certificates to be issued. Such Definitive Certificates will be issued in minimum denominations of $25,000, except that any beneficial ownership that was represented by a Book-Entry Certificate in an amount less than $25,000 immediately prior to the issuance of a Definitive Certificate shall be issued in a minimum denomination equal to the amount represented by such Book-Entry Certificate. None of the Depositor, the Servicer or the Trustee shall be liable for any delay in the delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates all references herein to obligations imposed upon or to be performed by the Depository shall be deemed to be imposed upon and performed by the Trustee, to the extent applicable with respect to such Definitive Certificates, and the Trustee shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder.
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SECTION 5.02. |
Registration of Transfer and Exchange of Certificates. |
(a) The Trustee shall cause to be kept at one of the offices or agencies to be appointed by the Trustee in accordance with the provisions of Section 8.11, a Certificate Register for the Certificates 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.
No transfer of any Class CE Certificate, Class P Certificate or Residual Certificate (the “Private Certificates”) shall be made unless that transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of a Private Certificate is to be made without registration or qualification (other than in connection with (i) the initial transfer of any Private Certificate by the Depositor to an Affiliate of the Depositor, (ii) the transfer of any Private Certificate to the issuer under the Indenture or the indenture trustee under the Indenture or (iii) a transfer of any Private Certificate from the issuer under the Indenture or the indenture trustee under the Indenture to the Depositor or an Affiliate of the Depositor), the Trustee and the Certificate Registrar shall each require receipt of: (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Certificateholder desiring to effect the transfer and from such Certificateholder’s prospective transferee, substantially in the forms attached hereto as Exhibit F-1; and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee, the Servicer in its capacity as such or any Sub-Servicer), together with copies of the written certification(s) of the Certificateholder desiring to effect the transfer and/or such Certificateholder’s prospective transferee upon which such Opinion of Counsel is based, if any. None of the Depositor, the Servicer or the Trustee is obligated to register or qualify any such Certificates under the 1933 Act or any other securities laws or to take any action not otherwise required under this Agreement to permit the transfer of such Certificates without registration or qualification. Any Certificateholder desiring to effect the transfer of any such Certificate shall, and does hereby agree to, indemnify the Trustee, the Depositor and the Servicer 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.
No transfer of a Private Certificate or any interest therein shall be made to any Plan, any Person acting, directly or indirectly, on behalf of any such Plan or any Person acquiring such Certificates with “Plan Assets” of a Plan within the meaning of the Department of Labor regulation promulgated at 29 C. F. R. § 2510.3-101 (“Plan Assets”), as certified by such transferee in the form of Exhibit G, unless the Trustee is provided with an Opinion of Counsel for the benefit of the Trustee, the Depositor and the Servicer and on which they may rely which establishes to the satisfaction of the Depositor, the Trustee and the Servicer that the purchase of such Certificates is permissible under applicable law, will not constitute or result in any prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Depositor, the Servicer, the NIMS Insurer, the Trustee or the Trust Fund to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in this Agreement, which Opinion of Counsel shall not be an
expense of the Depositor, the Servicer, the Trustee or the Trust Fund. Neither an Opinion of Counsel nor any certification will be required in connection with the (i) the initial transfer of any Private Certificate by the Depositor to an Affiliate of the Depositor, (ii) the transfer of any Private Certificate to the issuer under the Indenture or the indenture trustee under the Indenture or (iii) a transfer of any Private Certificate from the issuer under the Indenture or the indenture trustee under the Indenture to the Depositor or an Affiliate of the Depositor (in which case, the Transferee thereof shall have deemed to have represented that it is not a Plan or a Person investing Plan Assets) and the Trustee shall be entitled to conclusively rely upon a representation (which, upon the request of the Trustee, shall be a written representation) from the Transferor of the status of such transferee as an affiliate of the Depositor.
Any transferee of a Class A Certificate or Mezzanine Certificate acquired prior to the termination of the Supplemental Interest Trust shall be deemed to represent that either (i) it is not a Plan or purchasing with assets of a Plan or (ii)(A) such Plan is an accredited investor within the meaning of the Exemption and (B) such acquisistion or holding is eligible for the exemptive relief available under Department of Labor Prohibited Transaction Class Exemption (“PTE”) 84-14, XXX 00-00, XXX 00-0, XXX 95-60 or PTE 96-23.
Subsequent to the termination of the Supplemental Interest Trust, each beneficial owner of a Mezzanine Certificate or any interest therein shall be deemed to have represented, by virtue of its acquisition or holding of that certificate or interest therein, that either (i) it is not a Plan or investing with “Plan Assets”, (ii) it has acquired and is holding such Mezzanine Certificate in reliance on the Underwriter’s Exemption, and that it understands that there are certain conditions to the availability of the Underwrier’s Exemption, including that the Mezzanine Certificate must be rated, at the time of purchase not lower than “BBB-” (or its equivalent) by S&P, Xxxxx’x or Fitch or (iii) (1) it is an insurance company, (2) the source of funds used to acquire or hold the certificate or interest therein is an “insurance company general account,” as such term is defined in PTE 95-60, and (3) the conditions in Sections I and III of PTE 95-60 have been satisfied.
If any Certificate or any interest therein is acquired or held in violation of the provisions of the preceding three paragraphs, the next preceding permitted beneficial owner will be treated as the beneficial owner of that Certificate retroactive to the date of transfer to the purported beneficial owner. Any purported beneficial owner whose acquisition or holding of any such Certificate or interest therein was effected in violation of the provisions of the preceding two paragraphs shall indemnify and hold harmless the Depositor, the Servicer, the NIMS Insurer, the Trustee and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by those parties as a result of that acquisition or holding.
(b) (i) 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 to have irrevocably authorized the Trustee or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of Transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Residual Certificate are expressly subject to the following provisions:
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(A) |
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. |
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(B) |
In connection with any proposed Transfer of any Ownership Interest in a Residual Certificate, the Trustee shall require delivery to it, and shall not register the Transfer of any Residual Certificate until its receipt of, an affidavit and agreement (a “Transfer Affidavit and Agreement,” in the form attached hereto as Exhibit F-2) from the proposed Transferee, in form and substance satisfactory to the Trustee, representing and warranting, among other things, that such Transferee is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Residual Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person that is not a Permitted Transferee, that for so long as it retains its Ownership Interest in a Residual Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02(d) and agrees to be bound by them. |
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(C) |
Notwithstanding the delivery of a Transfer Affidavit and Agreement by a proposed Transferee under clause (B) above, if a Responsible Officer of the Trustee who is assigned to this transaction has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest in a Residual Certificate to such proposed Transferee shall be effected. |
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(D) |
Each Person holding or acquiring any Ownership Interest in a Residual Certificate shall agree (x) to require a Transfer Affidavit and Agreement in the form attached hereto as Exhibit F-2 from any other Person to whom such Person attempts to transfer its Ownership Interest in a Residual Certificate and (y) not to transfer its Ownership Interest unless it provides a Transferor Affidavit (in the form attached hereto as Exhibit F-2) to the Trustee stating that, among other things, it has no actual knowledge that such other Person is not a Permitted Transferee. |
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(E) |
Each Person holding or acquiring an Ownership Interest in a Residual Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trustee written notice that it is a “pass-through interest holder” within the meaning of temporary Treasury regulation Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Residual Certificate, if it is, or is holding an Ownership Interest in a Residual Certificate on behalf of, a “pass-through interest holder.” |
(ii) The Trustee will register the Transfer of any Residual Certificate only if it shall have received the Transfer Affidavit and Agreement and all of such other documents as shall have been reasonably required by the Trustee as a condition to such registration. In addition, no Transfer of a Residual Certificate shall be made unless the Trustee shall have received a representation letter from the Transferee of such Certificate to the effect that such Transferee is a Permitted Transferee.
(iii)(A) If any purported Transferee shall become a Holder of a Residual Certificate in violation of the provisions of this Section 5.02(d), then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights as holder thereof retroactive to the date of registration of such 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 5.02(d) or for making any payments due on such Certificate to the holder thereof or for taking any other action with respect to such holder under the provisions of this Agreement.
(B) If any purported Transferee shall become a holder of a Residual Certificate in violation of the restrictions in this Section 5.02(d) and to the extent that the retroactive restoration of the rights of the holder of such Residual Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Trustee shall have the right, without notice to the holder or any prior holder of such Residual Certificate, to sell such Residual Certificate to a purchaser selected by the Trustee on such terms as the Trustee may choose. Such purported Transferee shall promptly endorse and deliver each Residual Certificate in accordance with the instructions of the Trustee. Such purchaser may be the Trustee itself or any Affiliate of the Trustee. The proceeds of such sale, net of the commissions (which may include commissions payable to the Trustee or its Affiliates), expenses and taxes due, if any, will be remitted by the Trustee to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Trustee, and the Trustee shall not be liable to any Person having an Ownership Interest in a Residual Certificate as a result of its exercise of such discretion.
(iv) The Trustee shall make available to the Internal Revenue Service and those Persons specified by the REMIC Provisions all information necessary to compute any tax imposed (A) as a result of the Transfer of an Ownership Interest in a Residual Certificate to any Person who is a Disqualified Organization, including the information described in Treasury regulations sections 1.860D-1(b)(5) and 1.860E-2(a)(5) with respect to the “excess inclusions” of such Residual Certificate and (B) as a result of any regulated investment company, real estate investment trust, common Trust, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Residual Certificate having as among its record holders at any time any Person which is a Disqualified Organization. Reasonable compensation for providing such information may be accepted by the Trustee.
(v) The provisions of this Section 5.02(d) set forth prior to this subsection (v) may be modified, added to or eliminated, provided that there shall have been delivered to
the Trustee and the NIMS Insurer at the expense of the party seeking to modify, add to or eliminate any such provision the following:
(A) written notification from each Rating Agency to the effect that the modification, addition to or elimination of such provisions will not cause such Rating Agency to downgrade its then-current ratings of any Class of Certificates; and
(B) an Opinion of Counsel, in form and substance satisfactory to the Trustee and the NIMS Insurer, to the effect that such modification of, addition to or elimination of such provisions will not cause any Trust REMIC to cease to qualify as a REMIC and will not cause any Trust REMIC to be subject to an entity-level tax caused by the Transfer of any Residual Certificate to a Person that is not a Permitted Transferee or a Person other than the prospective transferee to be subject to a REMIC-tax caused by the Transfer of a Residual Certificate to a Person that is not a Permitted Transferee.
The Trustee shall forward to the NIMS Insurer a copy of the items delivered to it pursuant to (A) and (B) above.
(c) Subject to the preceding subsections, upon surrender for registration of transfer of any Certificate at any office or agency of the Trustee maintained for such purpose pursuant to Section 8.11, the Trustee shall execute, authenticate and deliver, in the name of the designated Transferee or Transferees, one or more new Certificates of the same Class of a like aggregate Percentage Interest.
(d) At the option of the Holder thereof, any Certificate may be exchanged for other Certificates of the same Class with authorized denominations and a like aggregate Percentage Interest, upon surrender of such Certificate to be exchanged at any office or agency of the Trustee maintained for such purpose pursuant to Section 8.11. Whenever any Certificates are so surrendered for exchange, the Trustee shall execute, authenticate 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) be duly endorsed by, or be accompanied by a written instrument of transfer in the form satisfactory to the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing. In addition, (i) with respect to each Class R Certificate, the holder thereof may exchange, in the manner described above, such Class R Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-I Interest, the Class R-II Interest and the Class R-III Interest, respectively, in each case that was evidenced by the Class R Certificate being exchanged and (ii) with respect to each Class R-X Certificate, the holder thereof may exchange, in the manner described above, such Class R-X Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest, respectively, in each case that was evidenced by the Class R-X Certificate being exchanged.
(e) No service charge to the Certificateholders shall be made for any transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
(f) All Certificates surrendered for transfer and exchange shall be canceled and destroyed by the Trustee in accordance with its customary procedures.
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SECTION 5.03. |
Mutilated, Destroyed, Lost or Stolen Certificates. |
If (i) any mutilated Certificate is surrendered to the Trustee, or the Trustee receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee and the NIMS Insurer such security or indemnity as may be required by it to save it harmless, then, in the absence of actual knowledge by the Trustee that such Certificate has been acquired by a bona fide purchaser or the Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of the same Class and of like denomination and Percentage Interest. 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) connected therewith. Any replacement Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the applicable REMIC created hereunder, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.
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SECTION 5.04. |
Persons Deemed Owners. |
The Depositor, the Servicer, the NIMS Insurer, the Trustee and any agent of any of them may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.01 and for all other purposes whatsoever, and none of the Depositor, the Servicer, the NIMS Insurer, the Trustee or any agent of any of them shall be affected by notice to the contrary.
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SECTION 5.05. |
Certain Available Information. |
On or prior to the date of the first sale of any Private Certificate to an Independent third party, the Depositor shall provide to the Trustee ten copies of any private placement memorandum or other disclosure document used by the Depositor in connection with the offer and sale of such Certificates. In addition, if any such private placement memorandum or disclosure document is revised, amended or supplemented at any time following the delivery thereof to the Trustee, the Depositor promptly shall inform the Trustee of such event and shall deliver to the Trustee ten copies of the private placement memorandum or disclosure document, as revised, amended or supplemented. The Trustee shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Holder of a Certificate or any Person identified to the Trustee as a prospective transferee of a Certificate, originals or copies of the following items: (i) in the case of a Holder or prospective transferee of a Private Certificate, the related private placement memorandum or other disclosure document relating to such Class of Certificates, in the form most recently provided to the Trustee; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to
this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trustee since the Closing Date pursuant to Section 10.01(h), (D) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date to evidence the Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, and (E) any and all Officers’ Certificates delivered to the Trustee by the Servicer since the Closing Date pursuant to Section 4.04(a). Copies and mailing of any and all of the foregoing items will be available from the Trustee upon request at the expense of the Person requesting the same.
ARTICLE VI
THE DEPOSITOR AND THE SERVICER
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SECTION 6.01. |
Liability of the Depositor and the Servicer. |
The Depositor and the Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement upon them in their respective capacities as Depositor and Servicer and undertaken hereunder by the Depositor and the Servicer herein.
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SECTION 6.02. |
Merger or Consolidation of the Depositor or the Servicer. |
Subject to the following paragraph, the Depositor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation. Subject to the following paragraph, the Servicer will keep in full effect its existence, rights and franchises as a limited liability company under the laws of the State of Delaware. The Depositor and the Servicer each will 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.
The Depositor or the Servicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person 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 Xxxxxx Xxx or Xxxxxxx Mac; and provided further that the Rating Agencies’ ratings of the Class A Certificates and the Mezzanine Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from the Rating Agencies).
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SECTION 6.03. |
Limitation on Liability of the Depositor, the Servicer and Others. |
(a) The Servicer (except the Trustee if it is required to succeed the Servicer hereunder) indemnifies and holds the NIMS Insurer, the Trustee and the Depositor harmless against any and all claims, losses, penalties, fines, forfeitures, reasonable legal fees and related costs, judgments, and any other costs, fees and expenses that the NIMS Insurer, The Trustee and the Depositor may sustain in any way related to the failure of the Servicer to perform its duties and service the Mortgage Loans in compliance with the terms of this Agreement. The Servicer shall immediately notify the NIMS Insurer, the Trustee and the Depositor if a claim is made that may result in such claims, losses, penalties, fines, forfeitures, legal fees or related costs, judgments, or any other costs, fees and expenses, and the Servicer shall assume (with the consent
of the Trustee) the defense of any such claim and pay all expenses in connection therewith, including reasonable counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against the NIMS Insurer, the Trustee and/or the Depositor in respect of such claim. The provisions of this Section 6.03 shall survive the termination of this Agreement and the payment of the outstanding Certificates.
(b) None of the Depositor, the NIMS Insurer, the Servicer or any of the directors, officers, employees or agents of the Depositor or the Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action 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, representations or covenants made herein, or against any specific liability imposed on the Servicer pursuant hereto, or 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, in the case of the Servicer, a breach of the servicing standard set forth in Section 3.01. The Depositor, the NIMS Insurer and the Servicer and any director, officer, employee or agent of the Depositor, the NIMS Insurer or the Servicer may rely in good faith on any document of any kind which is, prima facie, is properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the NIMS Insurer, the Servicer and any director, officer, employee or agent of the Depositor, the NIMS Insurer or the Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense incurred in connection with (i) any legal action relating to this Agreement or the Certificates, other than any loss, liability or expense relating to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of its reckless disregard of obligations and duties hereunder or (ii) any breach of a representation or warranty by the Originator, NC Capital or any other party regarding the Mortgage Loans. None of the Depositor, the NIMS Insurer or the Servicer shall be under any obligation to appear in, prosecute or defend any legal action unless such action is related to its respective duties under this Agreement and, in its opinion, does not involve it in any expense or liability; provided, however, that each of the Depositor, the NIMS Insurer and the Servicer may in its discretion undertake any such action which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, unless the Depositor or the Servicer acts without the consent of Holders of Certificates entitled to at least 51% of the Voting Rights in the case of legal actions initiated by the Depositor or the Servicer, the legal expenses and costs of such action and any liability resulting therefrom (except 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) shall be expenses, costs and liabilities of the Trust Fund, and the Depositor, the NIMS Insurer and the Servicer shall be entitled to be reimbursed therefor from the Collection Account as and to the extent provided in Section 3.11, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Collection Account. The Servicer’s right to indemnity or reimbursement pursuant to this Section shall survive any resignation or termination of the Servicer pursuant to Section 6.04 or 7.01 with respect to any losses, expenses,
costs or liabilities arising prior to such resignation or termination (or arising from events that occurred prior to such resignation or termination).
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SECTION 6.04. |
Limitation on Resignation of the Servicer. |
Except as otherwise provided herein, the Servicer shall not resign from the obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination pursuant to the preceding sentence permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect obtained at the expense of the Servicer and delivered to the Trustee and the NIMS Insurer. No resignation of the Servicer shall become effective until the Trustee or a successor servicer acceptable to the NIMS Insurer shall have assumed the Servicer’s responsibilities, duties, liabilities (other than those liabilities arising prior to the appointment of such successor) and obligations under this Agreement. Any such resignation shall not relieve the Servicer of responsibility for any of the obligations specified in Sections 7.01 and 7.02 as obligations that survive the resignation or termination of the Servicer.
Except as expressly provided herein, the Servicer shall not assign or transfer any of its rights, benefits or privileges hereunder to any other Person, or delegate to or subcontract with, or authorize or appoint any other Person to perform any of the duties, covenants or obligations to be performed by the Servicer hereunder. The foregoing prohibition on assignment shall not prohibit the Servicer from designating a Sub-Servicer as payee of any indemnification amount payable to the Servicer hereunder; provided, however, that as provided in Section 3.06 hereof, no Sub-Servicer shall be a third-party beneficiary hereunder and the parties hereto shall not be required to recognize any Sub-Servicer as an indemnitee under this Agreement. If, pursuant to any provision hereof, the duties of the Servicer are transferred to a successor servicer, the entire amount of the Servicing Fee and other compensation payable to the Servicer pursuant hereto shall thereafter be payable to such successor servicer.
The Trustee and the Depositor hereby specifically (i) consent to the pledge and assignment by the Servicer of all of the Servicer’s right, title and interest in, to and under this Agreement to a specified servicing rights pledgee, for the benefit of certain lenders and (ii) in the event that a Servicer Event of Default or a default under the related loan agreement with such lenders exists or in the event of a Servicer resignation, agree that the Servicer or its designee may appoint the successor servicer; provided that at the time of such appointment, such successor meets the requirements of a successor servicer pursuant to Section 7.02(a) hereof and agrees to be subject to the terms of this Agreement. If, pursuant to any provision hereof, the duties of the Servicer are transferred to a successor servicer, the entire amount of the Servicing Fee and other compensation payable to the Servicer pursuant hereto shall thereafter be payable to such successor servicer.
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SECTION 6.05. |
Rights of the Depositor in Respect of the Servicer. |
The Servicer shall afford (and any Sub-Servicing Agreement shall provide that each Sub-Servicer shall afford) the Depositor, the NIMS Insurer and the Trustee, upon reasonable notice, during normal business hours, access to all records maintained by the Servicer (and any such Sub-Servicer) in respect of the Servicer’s rights and obligations hereunder and
access to officers of the Servicer (and those of any such Sub-Servicer) responsible for such obligations. Upon request, the Servicer shall furnish to the Depositor, the NIMS Insurer and the Trustee its (and any such Sub-Servicer’s) most recent financial statements and such other information relating to the Servicer’s capacity to perform its obligations under this Agreement as it possesses (and that any such Sub-Servicer possesses). To the extent such information is not otherwise available to the public, the Depositor, the NIMS Insurer and the Trustee shall not disseminate any information obtained pursuant to the preceding two sentences without the Servicer’s written consent, except as required pursuant to this Agreement or to the extent that it is appropriate to do so (i) in working with legal counsel, auditors, taxing authorities or other governmental agencies or (ii) pursuant to any law, rule, regulation, order, judgment, writ, injunction or decree of any court or governmental authority having jurisdiction over the Depositor and the Trustee or the Trust Fund, and in any case, the Depositor, the NIMS Insurer or the Trustee, as the case may be, shall use its best efforts to assure the confidentiality of any such disseminated non-public information. Nothing in this Section shall limit the obligation of the Servicer to observe any applicable law prohibiting disclosure of information regarding the Mortgagors (absent proof that it is in compliance with applicable law) and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section. Nothing in this Section shall require the Servicer to collect, create, collate or otherwise generate any information that it does not generate in its usual course of business. The Servicer shall not be required to make copies of or ship documents to any party unless provisions have been made for the reimbursement of the costs thereof. The Depositor may, but is not obligated to, enforce the obligations of the Servicer under this Agreement and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Servicer under this Agreement or exercise the rights of the Servicer under this Agreement; provided that the Servicer shall not be relieved of any of its obligations under this Agreement by virtue of such performance by the Depositor or its designee. The Depositor shall not have any responsibility or liability for any action or failure to act by the Servicer and is not obligated to supervise the performance of the Servicer under this Agreement or otherwise.
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SECTION 6.06. |
Duties of the Credit Risk Manager. |
For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Charges with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided to the Credit Risk Manager pursuant to the Credit Risk Management Agreement, and the Credit Risk Manager shall look solely to the Servicer for all information and data (including loss and delinquency information and data) relating to the servicing of the related Mortgage Loans. Upon any termination of the Credit Risk Manager or the appointment of a successor Credit Risk Manager, the Depositor shall give written notice thereof to the Servicer, the Trustee, the NIMS Insurer and each Rating Agency. Notwithstanding the foregoing, the termination of the Credit Risk Manager pursuant to this Section shall not become effective until the appointment of a successor Credit Risk Manager.
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SECTION 6.07. |
Limitation Upon Liability of the Credit Risk Manager. |
Neither the Credit Risk Manager, nor any of its directors, officers, employees, or agents shall be under any liability to the Trustee, the Certificateholders or the Depositor for any
action taken or for refraining from the taking of any action made in good faith pursuant to this Agreement, in reliance upon information provided by the Servicer under the Credit Risk Management Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Credit Risk Manager or any such person against liability that would otherwise be imposed by reason of willful malfeasance or bad faith in its performance of its duties. The Credit Risk Manager and any director, officer, employee, or agent of the Credit Risk Manager 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, and may rely in good faith upon the accuracy of information furnished by the Servicer pursuant to the Credit Risk Management Agreement in the performance of its duties thereunder and hereunder.
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SECTION 6.08. |
Removal of the Credit Risk Manager. |
The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the exercise of its or their sole discretion. The Certificateholders shall provide written notice of the Credit Risk Manager's removal to the Trustee. Upon receipt of such notice, the Trustee shall provide written notice to the Credit Risk Manager of its removal, which shall be effective upon receipt of such notice by the Credit Risk Manager.
ARTICLE VII
DEFAULT
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SECTION 7.01. |
Servicer Events of Default. |
(a) “Servicer Event of Default,” wherever used herein, means any one of the following events:
(i) any failure by the Servicer to remit to the Trustee for distribution to the Certificateholders any payment (other than an Advance required to be made from its own funds on any Servicer Remittance Date pursuant to Section 4.03) required to be made under the terms of the Certificates and this Agreement which continues unremedied for a period of one Business Day after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Depositor or the Trustee (in which case notice shall be provided by telecopy), or to the Servicer, the Depositor and the Trustee by the NIMS Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights; or
(ii) any failure on the part of the Servicer duly to observe or perform in any material respect any other of the covenants or agreements on the part of the Servicer contained in this Agreement, or the breach by the Servicer of any representation and warranty contained in Section 2.05, which continues unremedied for a period of 30 days (or if such failure or breach cannot be remedied within 30 days, then such remedy shall have been commenced within 30 days and diligently pursued thereafter; provided, however, that in no event shall such failure or breach be allowed to exist for a period of greater than 90 days) after the earlier of (i) the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Servicer by the Depositor or the Trustee or to the Servicer, the Depositor and the Trustee by the NIMS Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights and (ii) actual knowledge of such failure by a Servicing Officer of the Servicer; or
(iii) a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceeding, or for the winding-up or liquidation of its affairs, shall have been entered against the Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 90 days; or
(iv) the Servicer shall consent 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 it or of or relating to all or substantially all of its property; or
(v) 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
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(vi) |
any failure by the Servicer of the Servicer Termination Test; or |
(vii) any failure of the Servicer to make any Advance on any Servicer Remittance Date required to be made from its own funds pursuant to Section 4.03 which continues unremedied until 3:00 p.m. New York time on the Business Day following the Servicer Remittance Date.
If a Servicer Event of Default described in clauses (i) through (vi) of this Section shall occur, then, and in each and every such case, so long as such Servicer Event of Default shall not have been remedied, the Depositor or the Trustee may, and at the written direction of the Holders of Certificates entitled to at least 51% of Voting Rights, or at the direction of the NIMS Insurer, the Trustee shall, by notice in writing to the Servicer (and to the Depositor if given by the Trustee or to the Trustee if given by the Depositor), terminate all of the rights and obligations of the Servicer in its capacity as Servicer under this Agreement, to the extent permitted by law, and in and to the Mortgage Loans and the proceeds thereof. If a Servicer Event of Default described in clause (vii) hereof shall occur, the Trustee shall, by notice in writing to the Servicer, the Depositor and the NIMS Insurer, terminate all of the rights and obligations of the Servicer in its capacity as Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof. Subject to Section 7.02 hereof, 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 (other than as a Holder of any Certificate) or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section, and, without limitation, the Trustee is hereby authorized and empowered, as attorney-in-fact or otherwise, to execute and deliver, on behalf of and at the expense of the Servicer, 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 or assignment of the Mortgage Loans and related documents, or otherwise. The Servicer agrees to promptly (and in any event no later than ten Business Days subsequent to such notice) provide the Trustee with all documents and records requested by it to enable it to assume the Servicer’s functions under this Agreement, and to cooperate with the Trustee in effecting the termination of the Servicer’s responsibilities and rights under this Agreement, including, without limitation, the transfer within one Business Day to the Trustee for administration by it of all cash amounts which at the time shall be or should have been credited by the Servicer to the Collection Account held by or on behalf of the Servicer, the Distribution Account or any REO Account or Servicing Account held by or on behalf of the Servicer or thereafter be received with respect to the Mortgage Loans or any REO Property serviced by the Servicer; provided, however, that the Servicer shall continue to be entitled to receive all amounts accrued or owing to it under this Agreement on or prior to the date of such termination, whether in respect of Advances or otherwise, and shall continue to be entitled to the benefits of Section 6.03, notwithstanding any such termination, with respect to events occurring prior to such termination. For purposes of this Section 7.01, the Trustee shall not be deemed to have knowledge of a Servicer Event of Default unless a Responsible Officer of the Trustee assigned to and working in the Corporate Trust
Office has actual knowledge thereof or unless written notice of any event which is in fact such a Servicer Event of Default is received by the Trustee and such notice references the Certificates, the Trust Fund or this Agreement.
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SECTION 7.02. |
Trustee to Act; Appointment of Successor. |
(a) From the time the Servicer (and the Trustee, if notice is sent by the Holders of Certificates entitled to at least 51% of Voting Rights or the NIMS Insurer) receives a notice of termination, the Trustee (or such other successor servicer as is acceptable to the NIMS Insurer) 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 all the responsibilities, duties and liabilities relating thereto and arising thereafter shall be assumed by the Trustee (except for any representations or warranties of the Servicer under this Agreement, the responsibilities, duties and liabilities contained in Section 2.05 (other than with respect to Section 2.05(x)) and the obligation to deposit amounts in respect of losses pursuant to Section 3.12) by the terms and provisions hereof; provided, however, the Trustee shall immediately assume the Servicer’s obligations to make Advances pursuant to Section 4.03; provided, further, however, that if the Trustee is prohibited by law or regulation from obligating itself to make advances regarding delinquent mortgage loans, then the Trustee shall not be obligated to make Advances pursuant to Section 4.03; and provided further, that any failure to perform such duties or responsibilities caused by the Servicer’s failure to provide information required by Section 7.01 shall not be considered a default by the Trustee as successor to the Servicer hereunder. It is understood and acknowledged by the parties hereto that there will be a period of transition (not to exceed 90 days) before the transition of servicing obligations is fully effective. As compensation therefor, the Trustee shall be entitled to the Servicing Fee and all funds relating to the Mortgage Loans to which the Servicer would have been entitled if it had continued to act hereunder. Notwithstanding the above and subject to Section 7.02(b) below, the Trustee if it shall be unwilling to so act, or shall, if it is unable to so act or if it is prohibited by law from making advances regarding delinquent mortgage loans or if the Holders of Certificates entitled to at least 51% of the Voting Rights or the NIMS Insurer so request in writing to the Trustee, promptly appoint or petition a court of competent jurisdiction to appoint, an established mortgage loan servicing institution acceptable to each Rating Agency and the NIMS Insurer and having a net worth of not less than $15,000,000, as the successor to the Servicer under this Agreement in the assumption of all or any part of the responsibilities, duties or liabilities of the Servicer under this Agreement.
Pending appointment of a successor to the Servicer hereunder, unless the Trustee is prohibited by law from so acting, the Trustee shall act in such capacity as hereinabove provided. In connection with such appointment and assumption, the successor shall be entitled to receive compensation out of payments on Mortgage Loans in an amount equal to the compensation which the Servicer would otherwise have received pursuant to Section 3.18 (or such other compensation as the Trustee and such successor shall agree, not to exceed the Servicing Fee). 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 to pay any deductible under an insurance policy pursuant to Section 3.14 or to indemnify the NIMS Insurer pursuant to Section 6.03, nor shall any successor servicer be liable for any acts or omissions of the predecessor servicer or for any breach by such servicer of any of
its representations or warranties contained herein or in any related document or agreement. The Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. All reasonable Servicing Transfer Costs shall be paid by the predecessor servicer upon presentation of reasonable documentation of such costs, and if such predecessor servicer defaults in its obligation to pay such costs, such costs shall be paid by the successor servicer or the Trustee (in which case the successor servicer or the Trustee, as applicable, shall be entitled to reimbursement therefor from the assets of the Trust Fund).
(b) No appointment of a successor to the Servicer under this Agreement shall be effective until the assumption by the successor of all of the Servicer’s responsibilities, duties and liabilities hereunder. In connection with such appointment and assumption described herein, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the Servicer as such hereunder. The Depositor, the Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. Pending appointment of a successor to the Servicer under this Agreement or the Trustee shall act in such capacity as hereinabove provided.
Any successor to the Servicer, including the Trustee, shall during the term of its service as servicer continue to service and administer the Mortgage Loans for the benefit of Certificateholders, and maintain in force a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and a fidelity bond in respect of its officers, employees and agents to the same extent as the Servicer is so required pursuant to Section 3.14.
(c) Notwithstanding any provision in this Agreement to the contrary, for a period of 30 days following the date on which the Servicer shall have received a notice of a Servicer Event of Default pursuant to Section 7.01, or a default under a loan agreement pursuant to Section 6.04 or a Servicer resignation pursuant to Section 6.04, the terminated Servicer or its designee may appoint a successor servicer that satisfies the eligibility criteria of a successor servicer set forth above; provided that such successor servicer agrees to fully effect the servicing transfer within 90 days following the termination of the Servicer and to make all Advances that would otherwise be made by the Trustee under Section 7.01 as of the date of such appointment. Any proceeds received in connection with the appointment of such successor servicer shall be the property of the terminated Servicer or its designee. Notwithstanding the foregoing, in the event of a Servicer Event of Default pursuant to Section 7.01(a)(vii), either (i) the Servicer shall remit the amount of the required Advance by 3:00 p.m. New York time on the Business Day following the Servicer Remittance Date or (ii) by 3:00 p.m. New York time on the Business Day following the Servicer Remittance Date, the Servicer shall have appointed a successor servicer that satisfies the eligibility criteria of a successor servicer set forth above and that has remitted the amount of the required Advance to the Trustee. If the Servicer fails to adhere to the requirements set forth in the immediately preceding sentence, the Trustee shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement and shall immediately assume the Servicer’s obligations to make Advances. In no event shall the termination of the Servicer under this Agreement result in any diminution of the Servicer's right to reimbursement for any outstanding Advances or Servicing Advances or accrued and unpaid
Servicing Fees due such Servicer at the time of termination. Reimbursement of unreimbursed Advances and Servicing Advances and accrued and unpaid Servicing Fees shall be made on a FIFO, loan-by-loan basis. The Servicer shall continue to be entitled to the benefits of Section 6.03 hereof related to indemnification, notwithstanding any termination hereunder.
(d) In connection with the termination or resignation of the Servicer hereunder, either (i) the successor servicer, including the Trustee if the Trustee is acting as successor servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, in which case the predecessor servicer shall cooperate with the successor servicer in causing MERS to revise its records to reflect the transfer of servicing to the successor servicer as necessary under MERS’ rules and regulations, or (ii) the predecessor servicer shall cooperate with the successor servicer in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS® System to the successor servicer. The predecessor servicer shall file or cause to be filed any such assignment in the appropriate recording office. The predecessor servicer shall bear any and all fees of MERS, costs of preparing any assignments of Mortgage, and fees and costs of filing any assignments of Mortgage that may be required under this Section 7.02(d).
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SECTION 7.03. |
Notification to Certificateholders. |
(a) Upon any termination of the Servicer pursuant to Section 7.01 above or any appointment of a successor to the Servicer pursuant to Section 7.02 above, the Trustee shall give prompt written notice thereof to the Credit Risk Manager and the NIMS Insurer and to the Certificateholders at their respective addresses appearing in the Certificate Register.
(b) Not later than the later of 60 days after the occurrence of any event, which constitutes or which, with notice or lapse of time or both, would constitute a Servicer Event of Default or five days after a Responsible Officer of the Trustee becomes aware of the occurrence of such an event, the Trustee shall transmit by mail to the Credit Risk Manager, the NIMS Insurer and to all Holders of Certificates notice of each such occurrence, unless such default or Servicer Event of Default shall have been cured or waived.
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SECTION 7.04. |
Waiver of Servicer Events of Default. |
The Holders representing at least 66% of the Voting Rights (with the consent of the NIMS Insurer) evidenced by all Classes of Certificates affected by any default or Servicer Event of Default hereunder may waive such default or Servicer Event of Default; provided, however, that a default or Servicer Event of Default under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates (with the consent of the NIMS Insurer). Upon any such waiver of a default or Servicer Event of Default, such default or Servicer Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Servicer Event of Default or impair any right consequent thereon except to the extent expressly
so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agencies and the NIMS Insurer.
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SECTION 7.05. |
Survivability of Servicer Liabilities. |
Notwithstanding anything herein to the contrary, upon termination of the Servicer hereunder, any liabilities of the Servicer which accrued prior to such termination shall survive such termination.
ARTICLE VIII
CONCERNING THE TRUSTEE
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SECTION 8.01. |
Duties of Trustee |
The Trustee prior to the occurrence of a Servicer Event of Default and after the curing of all Servicer Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. During a Servicer Event of Default, the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. Any permissive right of the Trustee enumerated in this Agreement shall not be construed as a duty.
The Trustee upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to it, 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; provided, however, that the Trustee will not be responsible for the accuracy or content of any such resolutions, certificates, statements, opinions, reports, documents or other instruments. If any such instrument is found not to conform to the requirements of this Agreement in a material manner, it shall take such action as it deems appropriate to have the instrument corrected, and if the instrument is not corrected to its satisfaction, it will provide notice thereof to the Certificateholders and the NIMS Insurer.
No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own misconduct; provided, however, that:
(i) Prior to the occurrence of a Servicer Event of Default, and after the curing of all such Servicer 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 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 that conform to the requirements of this Agreement;
(ii) The Trustee shall not be personally liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of it unless it shall be proved that it was negligent in ascertaining the pertinent facts;
(iii) The Trustee shall not be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the NIMS Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights relating to the time, method and place of conducting any proceeding for any remedy
available to it or exercising any trust or power conferred upon it under this Agreement; and
(iv) The Trustee shall not be required to take notice or be deemed to have notice or knowledge of any default or Servicer Event of Default unless a Responsible Officer of the Trustee at the Corporate Trust Office obtains actual knowledge of such failure or the Trustee receives written notice of such failure from the Depositor, the Servicer or the Holders of Certificates evidencing not less than 51% of the Voting Rights.
The Trustee shall not be required to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Trustee to perform, or be responsible for the manner of performance of, any of the obligations of the Servicer under this Agreement, except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Master Servicer in accordance with the terms of this Agreement
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SECTION 8.02. |
Certain Matters Affecting the Trustee | |||
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(a) |
Except as otherwise provided in Section 8.01: |
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(i) The Trustee may request and rely upon and shall be protected in acting or refraining from acting upon any resolution, Officers’Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably 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 not be under any 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 or the NIMS Insurer, pursuant to the provisions of this Agreement, unless such Certificateholders or the NIMS Insurer, as applicable, 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 a Servicer 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 person would exercise or use under the circumstances in the conduct of such person’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 a Servicer Event of Default hereunder and after the curing of all Servicer 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 to do so by the NIMS Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights; 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 such Certificateholders, the Trustee may require reasonable indemnity against such expense, or liability from such Certificateholders or the NIMS Insurer, as applicable, as a condition to taking any such action;
(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; provided, that the Trustee shall not be responsible for any negligence or willful misconduct on the part of the Custodian or any such agents or attorneys appointed by it with due care; and
(vii) The Trustee shall not be personally liable for any loss resulting from the investment of funds held in the Collection Account at the direction of the Servicer pursuant to Section 3.12.
(b) All rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee, may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial or other proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.
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SECTION 8.03. |
Trustee not Liable for Certificates or Mortgage Loans. |
The recitals contained herein and in the Certificates (other than the signature of the Trustee, the authentication of the Trustee on the Certificates, the acknowledgments of the Trustee contained in Article II and the representations and warranties of the Trustee in Section 8.12) shall be taken as the statements of the Depositor and the Trustee shall not assume any responsibility for their correctness. The Trustee shall not make any representations or warranties as to the validity or sufficiency of this Agreement (other than as specifically set forth in Section 8.12) or of the Certificates (other than the signature of the Trustee, and authentication of the Trustee on the Certificates) or of any Mortgage Loan or related document or of MERS or the MERS® System. The Trustee shall not be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Servicer in respect of the Mortgage Loans
or deposited in or withdrawn from the Collection Account by the Servicer, other than any funds held by or on behalf of the Trustee in accordance with Section 3.10.
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SECTION 8.04. |
Trustee May Own Certificates. |
The Trustee in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not the Trustee.
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SECTION 8.05. |
Trustee’s Fees and Expenses. |
The Trustee shall be entitled to withdraw from the Distribution Account, pursuant to Section 3.11(b), on each Distribution Date and pay to itself any income earned on amounts on deposit in the Distribution Account. The Trustee and any director, officer, employee or agent of the Trustee, shall be indemnified by the Trust Fund and held harmless against any loss, liability or expense (not including expenses, disbursements and advances incurred or made by the Trustee, including the compensation and the expenses and disbursements of its agents and counsel, in the ordinary course of the Trustee’s performance in accordance with the provisions of this Agreement) incurred by the Trustee arising out of or in connection with the acceptance or administration of its obligations and duties under this Agreement up to a limit of $600,000 per calender year, other than any loss, liability or expense (i) resulting from any breach of the Servicer’s obligations in connection with this Agreement, (ii) that constitutes a specific liability of the Trustee pursuant to Section 10.01(g) or (iii) any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder as a result of a breach of the Trustee’s obligations under Article X hereof. Notwithstanding anything herein to the contrary, the Trustee shall be reimbursed from the Trust Fund for all Servicing Transfer Costs without regard to the annual limitation.
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SECTION 8.06. |
Eligibility Requirements for Trustee |
The Trustee hereunder shall at all times be a corporation or an association (other than the Depositor, the Originator, NC Capital, the Seller, the Servicer or any Affiliate of the foregoing) organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 (or a member of a bank holding company whose capital and surplus is at least $50,000,000) and subject to supervision or examination by federal or state authority. If such corporation or association publishes reports of conditions at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation or association shall be deemed to be its combined capital and surplus as set forth in its most recent report of conditions so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07.
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SECTION 8.07. |
Resignation and Removal of the Trustee |
The Trustee may at any time resign and be discharged from the trust hereby created by giving written notice thereof to the Depositor, the NIMS Insurer, the Servicer and the Certificateholders. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor trustee acceptable to the NIMS Insurer by written instrument, in duplicate, which instrument shall be delivered to the resigning Trustee and to the successor trustee. A copy of such instrument shall be delivered to the Certificateholders, the Trustee and the Servicer by the Depositor. If no successor trustee shall have been so appointed and 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 8.06 and shall fail to resign after written request therefor by the Depositor or the NIMS Insurer, or if at any time the Trustee shall become incapable of acting, or shall be adjudged 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 Depositor or the NIMS Insurer may remove the and appoint a successor trustee acceptable to the NIMS Insurer by written instrument, in duplicate, which instrument shall be delivered to the Trustee so removed and to the successor trustee. A copy of such instrument shall be delivered to the Certificateholders, the Trustee and the Servicer by the Depositor.
The Holders of Certificates entitled to at least 51% of the Voting Rights (or the NIMS Insurer upon failure of the Trustee to perform its obligations hereunder) may at any time remove the Trustee and appoint a successor trustee acceptable to the NIMS Insurer by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Trustee so removed and one complete set to the successor so appointed. A copy of such instrument shall be delivered to the Certificateholders and the Servicer by the Depositor.
Any resignation or removal of the Trustee and appointment of a successor trustee, pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor trustee as provided in Section 8.08. Notwithstanding the foregoing, in the event the Trustee is unable to continue to perform its obligations pursuant to the terms of this Agreement prior to the appointment of a successor, the Trustee shall be obligated to perform such obligations until a new trustee is appointed. Such performance shall be without prejudice to any claim by a party hereto or beneficiary hereof resulting from the Trustee’s breach of its obligations hereunder.
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SECTION 8.08. |
Successor Trustee |
Any successor trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Depositor, the NIMS Insurer and 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 the like effect as if originally named as trustee herein. The predecessor trustee shall deliver to the successor trustee all Mortgage Files and related documents and statements to the extent held by it hereunder, as well as all moneys, held by it hereunder (other than any Mortgage Files at the time held by the Custodian, which Custodian shall become the agent of any successor trustee hereunder), and the Depositor and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations.
No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 8.06 and the appointment of such successor trustee shall not result in a downgrading of any Class of Certificates by any Rating Agency, as evidenced by a letter from each Rating Agency.
Upon acceptance of appointment by a successor trustee, as provided in this Section, the Depositor shall mail notice of the succession of such trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Depositor fails to mail such notice within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Depositor.
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SECTION 8.09. |
Merger or Consolidation of Trustee. |
Any corporation or association into which either the Trustee may be merged or converted or with which it may be consolidated or any corporation or association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or association succeeding to the business of the Trustee shall be the successor of the Trustee hereunder; provided such corporation or association shall be eligible under the provisions of Section 8.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
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SECTION 8.10. |
Appointment of Co-Trustee or Separate Trustee. |
Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of REMIC I or property securing the same may at the time be located, the Trustee shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee and the NIMS Insurer to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any part of REMIC I, and to vest in such Person or Persons, in such capacity, such title to REMIC I, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. Any such co-trustee or separate trustee shall be subject to the written approval of the NIMS Insurer. If the NIMS Insurer shall not have joined in such appointment within 15 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 8.06 hereunder and no notice to
Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof.
In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10 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 by the Trustee (whether as Trustee hereunder or as successor to a defaulting 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 REMIC I 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.
Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trust conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee, or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy thereof given to the NIMS Insurer.
Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee or co-trustee.
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SECTION 8.11. |
Appointment of Office or Agency. |
The Trustee will appoint an office or agency in the City of St. Xxxx, Minnesota where the Certificates may be surrendered for registration of transfer or exchange, and presented for final distribution, and where notices and demands to or upon the Trustee in respect of the Certificates and this Agreement may be served.
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SECTION 8.12. |
Representations and Warranties. |
The Trustee hereby represents and warrants to the Servicer and the Depositor, as of the Closing Date, that:
(i) It is a national banking association duly organized, validly existing and in good standing under the laws of the United States of America.
(ii) The execution and delivery of this Agreement by it, and the performance and compliance with the terms of this Agreement by it, will not violate its articles of
association or bylaws or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets.
(iii) It has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.
(iv) This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and binding obligation of it, enforceable against it in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, receivership, reorganization, moratorium and other laws affecting the enforcement of creditors’rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law.
(v) It is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order, regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in its good faith and reasonable judgment, is likely to affect materially and adversely either the ability of it to perform its obligations under this Agreement or its financial condition.
(vi) No litigation is pending or, to the best of its knowledge, threatened against it, which would prohibit it from entering into this Agreement or, in its good faith reasonable judgment, is likely to materially and adversely affect either the ability of it to perform its obligations under this Agreement or its financial condition.
ARTICLE IX
TERMINATION
SECTION 9.01. Termination Upon Repurchase or Liquidation of All Mortgage Loans.
(a) Subject to Section 9.02, the respective obligations and responsibilities under this Agreement of the Depositor, the Servicer and the Trustee (other than the indemnification obligations of the Servicer pursuant to Section 6.03 and of the Servicer to make remittances to the Trustee and the Trustee to make payments in respect of the REMIC I Regular Interests and the Classes of Certificates as hereinafter set forth) shall terminate upon payment to the Certificateholders and the deposit of all amounts held by or on behalf of the Trustee and required hereunder to be so paid or deposited on the Distribution Date coinciding with or following the earlier to occur of (i) the purchase by the Terminator (as defined below) of all Mortgage Loans and each REO Property remaining in REMIC I and (ii) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan or REO Property remaining in REMIC I; provided, however, that in no event shall the trust created hereby continue beyond the earlier of (a) 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 or (b) the Latest Possible Maturity Date as defined in the Preliminary Statement. Subject to Section 3.10 hereof, the purchase by the Terminator of all Mortgage Loans and each REO Property remaining in REMIC I shall be at a price (the “Termination Price”) equal to the greater of (i) the Stated Principal Balance of the Mortgage Loans and the appraised value of any REO Properties, such appraisal to be conducted by an Independent appraiser mutually agreed upon by the Terminator and the Trustee in their reasonable discretion and (ii) the fair market value of all of the assets of REMIC I (as determined by the Terminator and the Trustee, 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 Section 9.01) in each case, plus accrued and unpaid interest thereon at the weighted average of the Mortgage Rates through the end of the Due Period preceding the final Distribution Date, plus unreimbursed Advances, Servicing Advances and any unpaid Servicing Fees allocable to such Mortgage Loans and REO Properties, any accrued and unpaid Net WAC Rate Carryover Amount and any Swap Termination Payment payable to the Swap Provider then remaining unpaid or which is due to the exercise of such option; provided, however, such option may only be exercised if (i) the Termination Price is sufficient to pay all interest accrued on, as well as amounts necessary to retire the principal balance of, each class of notes issued pursuant to the Indenture and any remaining amounts owed to the trustee under the Indenture and the NIMS Insurer on the date such notes are retired and (ii) the fair market value of the Mortgage Loans and REO Properties determined as described above is at least equal to the Stated Principal Balance of the Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and the appraised value of the REO Properties.
(b) The majority holder of the Class CE Certificates (so long as such holder is not an affiliate of the Seller) or if such majority holder fails to exercise such right, the Servicer
(or if the Servicer fails to exercise such right, the NIMS Insurer) shall have the right (the party exercising such right, the “Terminator”), to purchase all of the Mortgage Loans and each REO Property remaining in REMIC I pursuant to clause (i) of the preceding paragraph no later than the Determination Date in the month immediately preceding the Distribution Date on which the Certificates will be retired; provided, however, that the Terminator may elect to purchase all of the Mortgage Loans and each REO Property remaining in REMIC I pursuant to clause (i) above only if the aggregate Stated Principal Balance of the Mortgage Loans and each REO Property remaining in the Trust Fund at the time of such election is reduced to less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. By acceptance of the Residual Certificates, the Holder of the Residual Certificates agrees for so long as any notes insured by the NIMS Insurer and secured by all or a portion of the Class CE, Class P or Class R Certificates are outstanding, in connection with any termination hereunder, to assign and transfer any amounts in excess of par, and to the extent received in respect of such termination, to pay any such amounts to the Holders of the Class CE Certificates.
(c) Notice of the liquidation of the Certificates shall be given promptly by the Trustee by letter to Certificateholders and the NIMS Insurer mailed (a) in the event such notice is given in connection with the purchase of the Mortgage Loans and each REO Property by the Terminator, not earlier than the 10th day and not later than the 20th day of the month next preceding the month of the final distribution on the Certificates or (b) otherwise during the month of such final distribution on or before the Determination Date in such month, in each case specifying (i) the Distribution Date upon which the Trust Fund will terminate and the final payment in respect of the REMIC I Regular Interests and the Certificates will be made upon presentation and surrender of the related Certificates at the office of the Trustee therein designated, (ii) the amount of any such final payment, (iii) that no interest shall accrue in respect of the REMIC I Regular Interests or the Certificates from and after the Accrual Period relating to the final Distribution Date therefor and (iv) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Certificates at the office of the Trustee. In the event such notice is given in connection with the purchase of all of the Mortgage Loans and each REO Property remaining in REMIC I by the Terminator, the Terminator shall deliver to the Trustee for deposit in the Distribution Account not later than the last Business Day of the month next preceding the month of the final distribution on the Certificates an amount in immediately available funds equal to the Termination Price. The Trustee shall remit to the Servicer from such funds deposited in the Distribution Account (i) any amounts which the Servicer would be permitted to withdraw and retain from the Collection Account pursuant to Section 3.11 and (ii) any other amounts otherwise payable by the Trustee to the Servicer from amounts on deposit in the Distribution Account pursuant to the terms of this Agreement, in each case prior to making any final distributions pursuant to Section 10.01(d) below. Upon certification to the Trustee by the Terminator of the making of such final deposit, the Trustee shall promptly release to the Terminator the Mortgage Files for the remaining Mortgage Loans, and the Trustee shall execute all assignments, endorsements and other instruments necessary to effectuate such transfer.
(d) Upon presentation of the Certificates by the Certificateholders on the final Distribution Date, the Trustee shall distribute to each Certificateholder so presenting and surrendering its Certificates the amount otherwise distributable on such Distribution Date in accordance with Section 4.01 in respect of the Certificates so presented and surrendered. Any
funds not distributed to any Holder or Holders of Certificates being retired on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 9.01 shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trustee shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation, the Trustee shall, directly or through an agent, mail a final notice to the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within one year after the final notice any such Certificates shall not have been surrendered for cancellation, the Trustee shall pay to UBS Securities LLC, all such amounts, and all rights of non-tendering Certificateholders in or to such amounts shall thereupon cease. No interest shall accrue or be payable to any Certificateholder on any amount held in trust by the Trustee as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 9.01. Any such amounts held in trust by the Trustee shall be held in an Eligible Account and the Trustee may direct any depository institution maintaining such account to invest the funds in one or more Permitted Investments. All income and gain realized from the investment of funds deposited in such accounts held in trust by the Trustee shall be for the benefit of the Trustee; provided, however, that the Trustee shall deposit in such account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon the realization of such loss.
Immediately following the deposit of funds in trust hereunder in respect of the Certificates, the Trust Fund shall terminate.
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SECTION 9.02. |
Additional Termination Requirements. |
(a) In the event that the Terminator purchases all the Mortgage Loans and each REO Property or the final payment on or other liquidation of the last Mortgage Loan or REO Property remaining in REMIC I pursuant to Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless the Trustee and the Servicer have received an Opinion of Counsel, which Opinion of Counsel shall be at the expense of the Terminator (or in connection with a termination resulting from the final payment on or other liquidation of the last Mortgage Loan or REO Property remaining in REMIC I, which Opinion of Counsel shall be at the expense of the person seeking nonadherence to the following additional requirements but which in no event shall be at the expense of the Trust Fund or, unless it is the person seeking nonadherence to the following additional requirements, the Servicer or the Trustee), to the effect that the failure of REMIC I to comply with such additional requirements of this Section 9.02 will not (A) result in the imposition on the Trust Fund of taxes on “prohibited transactions,” as described in Section 860F of the Code, or (B) cause REMIC I to fail to qualify as a REMIC at any time that any Certificate is outstanding:
(i) The Trustee shall specify the first day in the 90-day liquidation period in a statement attached to each Trust REMIC’s final Tax Return pursuant to Treasury
regulation Section 1.860F-1 and shall satisfy all requirements of a qualified liquidation under Section 860F of the Code and any regulations thereunder, as evidenced by an Opinion of Counsel obtained at the expense of the Terminator;
(ii) During such 90-day liquidation period and, at or prior to the time of making of the final payment on the Certificates, the Trustee shall sell all of the assets of REMIC I to the Terminator for cash; and
(iii) At the time of the making of the final payment on the Certificates, the Trustee shall distribute or credit, or cause to be distributed or credited, to the Holders of the Residual Certificates all cash on hand in the Trust Fund (other than cash retained to meet claims), and the Trust Fund shall terminate at that time.
(b) At the expense of the Terminator, the Depositor shall prepare or cause to be prepared the documentation required in connection with the adoption of a plan of liquidation of each Trust REMIC pursuant to this Section 9.02.
(c) By their acceptance of Certificates, the Holders thereof hereby agree to authorize the Trustee to specify the 90-day liquidation period for each Trust REMIC, which authorization shall be binding upon all successor Certificateholders.
ARTICLE X
REMIC PROVISIONS
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SECTION 10.01. |
REMIC Administration. |
(a) The Trustee shall elect to treat each Trust REMIC as a REMIC under the Code and, if necessary, under applicable state law. Each such election will be made by the Trustee on Form 1066 or other appropriate federal tax or information return or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. For the purposes of the REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be designated as the Regular Interests in REMIC I and the Class R-I Interest shall be designated as the Residual Interest in REMIC I. For the purposes of the REMIC election in respect of REMIC II, the REMIC II Regular Interests shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II. The Class A Certificates, the Mezzanine Certificates, the Class CE Interest, the Class P Interest and the Class Swap-IO Interest shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III. The CE Certificates shall be designated as the Regular Interests in REMIC IV and the Class R-IV Interest shall be designated as the Residual Interest in REMIC IV. The P Certificates shall be designated as the Regular Interests in REMIC V and the Class R-V Interest shall be designated as the Residual Interest in REMIC V. REMIC VI Regular Interest SWAP-IO shall be designated as the Regular Interests in REMIC VI and the Class R-VI Interest shall be designated as the Residual Interest in REMIC VI. The Trustee shall not permit the creation of any “interests” in any Trust REMIC (within the meaning of Section 860G of the Code) other than the interests identified above as Regular Interests or Residual Interests in REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V or REMIC VI.
(b) The Closing Date is hereby designated as the “Startup Day” of each Trust REMIC within the meaning of Section 860G(a)(9) of the Code.
(c) The Trustee shall be reimbursed for any and all expenses relating to any tax audit of the Trust Fund (including, but not limited to, any professional fees or any administrative or judicial proceedings with respect to any Trust REMIC that involve the Internal Revenue Service or state tax authorities), including the expense of obtaining any tax related Opinion of Counsel except as specified herein. The Trustee, as agent for each Trust REMIC’s tax matters person shall (i) act on behalf of the Trust Fund in relation to any tax matter or controversy involving any Trust REMIC and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto. The holder of the largest Percentage Interest of the Residual Certificates shall be designated, in the manner provided under Treasury Regulations Section 1.860F-4(d) and Treasury Regulations Section 301.6231(a)(7)-1, as the tax matters person of the related REMIC created hereunder. By their acceptance thereof, the holder of the largest Percentage Interest of the Residual Certificates hereby agrees to irrevocably appoint the Trustee or an Affiliate as its agent to perform all of the duties of the tax matters person for the Trust Fund.
(d) The Trustee shall prepare, sign and file all of the Tax Returns (including Form 8811, which must be filed within 30 days following the Closing Date) in respect of each Trust REMIC. The expenses of preparing and filing such returns shall be borne by the Trustee without any right of reimbursement therefor.
(e) The Trustee shall perform on behalf of each Trust REMIC all reporting and other tax compliance duties that are the responsibility of such REMIC under the Code, the REMIC Provisions or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, as required by the Code, the REMIC Provisions or other such compliance guidance, the Trustee shall provide (i) to any Transferor of a Residual Certificate such information as is necessary for the application of any tax relating to the transfer of a Residual Certificate to any Person who is not a Permitted Transferee, (ii) to the Certificateholders such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount and market discount or premium (using the Prepayment Assumption as required) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the person who will serve as the representative of each Trust REMIC. The Depositor shall provide or cause to be provided to the Trustee, within ten (10) days after the Closing Date, all information or data that the Trustee reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, prepayment assumption and projected cash flow of the Certificates.
(f) The Trustee shall take such action and shall cause each Trust REMIC to take such action as shall be necessary to create or maintain the status thereof as a REMIC under the REMIC Provisions. The Trustee shall not take any action or cause the Trust Fund to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of any Trust REMIC as a REMIC or (ii) result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”) unless the Trustee and the NIMS Insurer has received an Opinion of Counsel, addressed to the Trustee (at the expense of the party seeking to take such action but in no event at the expense of the Trustee) to the effect that the contemplated action will not, with respect to any Trust REMIC, endanger such status or result in the imposition of such a tax, nor shall the Servicer take or fail to take any action (whether or not authorized hereunder) as to which the Trustee and the NIMS Insurer has advised it in writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to such action; provided that the Servicer may conclusively rely on such Opinion of Counsel and shall incur no liability for its action or failure to act in accordance with such Opinion of Counsel. In addition, prior to taking any action with respect to any Trust REMIC or the respective assets of each, or causing any Trust REMIC to take any action, which is not contemplated under the terms of this Agreement, the Servicer will consult with the Trustee, the NIMS Insurer or its designee, in writing, with respect to whether such action could cause an Adverse REMIC Event to occur with respect to any Trust REMIC and the Servicer shall not take any such action or cause any Trust REMIC to take any such action as to which the Trustee or the NIMS Insurer has advised it in writing that an Adverse REMIC Event could occur; provided that the Servicer may conclusively rely on such writing and shall incur no liability for its action or failure to act in accordance with
such writing. The Trustee or the NIMS Insurer may consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking to take the action not permitted by this Agreement, but in no event shall such cost be an expense of the Trustee. At all times as may be required by the Code, the Trustee will ensure that substantially all of the assets of REMIC I will consist of “qualified mortgages” as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5) of the Code, to the extent such obligations are within the Trustee’s control and not otherwise inconsistent with the terms of this Agreement.
(g) In the event that any tax is imposed on “prohibited transactions” of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from foreclosure property” of such REMIC as defined in Section 860G(c) of the Code, on any contributions to any such REMIC after the Startup Day therefor pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, (ii) to the Servicer pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Servicer of any of its obligations under Article III or this Article X, or (iii) against amounts on deposit in the Distribution Account and shall be paid by withdrawal therefrom.
(h) On or before April 15th of each calendar year, commencing April 15, 2006, the Trustee shall deliver to each Rating Agency and the NIMS Insurer an Officer’s Certificate of the Trustee stating the Trustee’s compliance with this Article X (without regard to any action taken by any party other than the Trustee).
(i) The Trustee shall, for federal income tax purposes, maintain books and records with respect to each Trust REMIC on a calendar year and on an accrual basis.
(j) Following the Startup Day, neither the Servicer nor the Trustee shall accept any contributions of assets to any Trust REMIC other than in connection with any Qualified Substitute Mortgage Loan delivered in accordance with Section 2.03 unless it shall have received an Opinion of Counsel to the effect that the inclusion of such assets in the Trust Fund will not cause the related REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject such REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.
(k) Neither the Trustee nor the Servicer shall enter into any arrangement by which any Trust REMIC will receive a fee or other compensation for services nor permit either REMIC to receive any income from assets other than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments” as defined in Section 860G(a)(5) of the Code.
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SECTION 10.02. |
Prohibited Transactions and Activities. |
None of the Depositor, the Servicer or the Trustee shall sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property
acquired by deed in lieu of foreclosure, (ii) the bankruptcy of REMIC I, (iii) the termination of REMIC I pursuant to Article IX of this Agreement, (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase of Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire any assets for any Trust REMIC (other than REO Property acquired in respect of a defaulted Mortgage Loan), nor sell or dispose of any investments in the Collection Account or the Distribution Account for gain, nor accept any contributions to any Trust REMIC after the Closing Date (other than a Qualified Substitute Mortgage Loan delivered in accordance with Section 2.03), unless it has received an Opinion of Counsel, addressed to the Trustee and the NIMS Insurer (at the expense of the party seeking to cause such sale, disposition, substitution, acquisition or contribution but in no event at the expense of the Trustee) that such sale, disposition, substitution, acquisition or contribution will not (a) affect adversely the status of any Trust REMIC as a REMIC or (b) cause any Trust REMIC to be subject to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC Provisions.
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SECTION 10.03. |
Servicer and Trustee Indemnification. |
(a) In the event that any Trust REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs federal, state or local taxes as a result of a prohibited transaction or prohibited contribution under the REMIC Provisions due to (i) the negligent performance by the Trustee of its duties and obligations set forth herein or (ii) any state, local or franchise taxes imposed upon the Trust Fund as a result of the location of the Trustee or any co-trustee, the Trustee shall indemnify the NIMS Insurer, the Servicer and the Trust Fund against any and all Losses resulting from such negligence, including, without limitation, any reasonable attorneys’ fees imposed on or incurred as a result of a breach of the Trustee’s or any co-trustee’s covenants; provided, however, that the Trustee shall not be liable for any such Losses attributable to the action or inaction of the Servicer, the Depositor or the Holder of such Residual Certificate, as applicable, nor for any such Losses resulting from misinformation provided by the Holder of such Residual Certificate on which the Trustee has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity. Notwithstanding the foregoing, however, in no event shall the Trustee have any liability (1) for any action or omission that is taken in accordance with and in compliance with the express terms of, or which is expressly permitted by the terms of, this Agreement, (2) for any Losses other than arising out of a negligent performance by the Trustee of its duties and obligations set forth herein, and (3) for any special or consequential damages to Certificateholders (in addition to payment of principal and interest on the Certificates).
(b) In the event that any Trust REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs federal, state or local taxes as a result of a prohibited transaction or prohibited contribution under the REMIC Provisions due to (i) the negligent performance by the Servicer of its duties and obligations set forth herein or (ii) any state, local or franchise taxes imposed upon the Trust Fund as a result of the location of the Servicer or any sub-servicer, the Servicer shall indemnify the NIMS Insurer, the Trustee and the Trust Fund against any and all losses, claims, damages, liabilities or expenses (“Losses”) resulting from such negligence, including, without limitation, any reasonable attorneys’ fees imposed on or incurred as a result of a breach of the Servicer’s or any sub-servicer’s covenants; provided, however, that the Servicer shall not be liable for any such Losses attributable to the action or inaction of the Trustee, the Depositor or the Holder of such Residual Certificate, as applicable, nor for any such Losses
resulting from misinformation provided by the Holder of such Residual Certificate on which the Servicer has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity. Notwithstanding the foregoing, however, in no event shall the Servicer have any liability (1) for any action or omission that is taken in accordance with and in compliance with the express terms of, or which is expressly permitted by the terms of, this Agreement, (2) for any Losses other than arising out of a negligent performance by the Servicer of its duties and obligations set forth herein, and (3) for any special or consequential damages to Certificateholders (in addition to payment of principal and interest on the Certificates).
ARTICLE XI
MISCELLANEOUS PROVISIONS
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SECTION 11.01. |
Amendment. |
This Agreement may be amended from time to time by the Depositor, the Servicer and the Trustee with the consent of the NIMS Insurer and without the consent of any of the Certificateholders, (i) to cure any ambiguity or defect, (ii) to correct, modify or supplement any provisions herein (including to give effect to the expectations of Certificateholders), or (iii) to make any other provisions with respect to matters or questions arising under this Agreement which shall not be inconsistent with the provisions of this Agreement; provided that such action shall not adversely affect in any material respect the interests of any Certificateholder as evidenced by either (i) an Opinion of Counsel delivered to the Servicer, the Trustee and the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to the Servicer, the Trustee and the NIMS Insurer, that such amendment will not result in the reduction or withdrawal of the rating of any outstanding Class of Certificates. No amendment shall be deemed to adversely affect in any material respect the interests of any Certificateholder who shall have consented thereto, and no Opinion of Counsel shall be required to address the effect of any such amendment on any such consenting Certificateholder.
This Agreement may also be amended from time to time by the Depositor, the Servicer, the NIMS Insurer and the Trustee with the consent of the NIMS Insurer and the Holders of Certificates entitled to at least 66% of the Voting Rights 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 Swap Provider or Holders of Certificates; provided, however, that no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) adversely affect in any material respect the interests of the Swap Provider or Holders of any Class of Certificates (as evidenced by either (i) an Opinion of Counsel delivered to the Trustee and the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to the Servicer, the Trustee and the NIMS Insurer, that such action will not result in the reduction or withdrawal of the rating of any outstanding Class of Certificates) in a manner, other than as described in (i), or (iii) modify the consents required by the immediately preceding clauses (i) and (ii) without the consent of the Holders of all Certificates then outstanding. Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this Section 11.01, Certificates registered in the name of the Depositor or the Servicer or any Affiliate thereof shall be entitled to Voting Rights with respect to matters affecting such Certificates.
Notwithstanding any contrary provision of this Agreement, neither the Trustee nor the NIMS Insurer shall consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel satisfactory to the NIMS Insurer to the effect that such amendment will not result in the imposition of any tax on any Trust REMIC pursuant to the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding.
Notwithstanding any of the other provisions of this Section 11.01, none of the Depositor, the Servicer or the Trustee shall enter into any amendment to Section 4.08, Section 9.01 or Section 11.10 of this Agreement without the prior written consent of the Swap Provider.
Promptly after the execution of any such amendment the Trustee shall furnish a copy of such amendment to each Certificateholder and make available to each Certificateholder and the NIMS Insurer.
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 regulations as the Trustee may prescribe.
The cost of any Opinion of Counsel to be delivered pursuant to this Section 11.01 shall be borne by the Person seeking the related amendment, but in no event shall such Opinion of Counsel be an expense of the Trustee.
The Trustee may, but shall not be obligated to enter into any amendment pursuant to this Section that affects its rights, duties and immunities under this Agreement or otherwise.
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SECTION 11.02. |
Recordation of Agreement; Counterparts. |
To the extent permitted by applicable law, 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 at the expense of the Certificateholders, 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 the 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.
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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 proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote (except as expressly provided for 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 any 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 of any provision 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 hereinbefore provided, and unless also the Holders of Certificates entitled to at least 25% of the Voting Rights 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 15 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 is understood and intended, and 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 whatsoever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such 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, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.
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SECTION 11.04. |
Governing Law. |
This Agreement shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.
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SECTION 11.05. |
Notices. |
All directions, demands and notices hereunder shall be in writing and shall be deemed to have been duly given when received if personally delivered at or mailed by first class mail, postage prepaid, or by express delivery service or delivered in any other manner specified herein, to (a) in the case of the Depositor, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Xxxxx XxXxxxxx (telecopy number (000) 000-0000), or such other address or telecopy number as may hereafter be furnished to the Servicer, the NIMS Insurer and the Trustee in writing by the Depositor, (b) in the case of the Servicer, 0000 Xxxx Xxxxx Xxxxx Xxxx., Xxxxx 00X, Xxxx Xxxx Xxxxx, Xxxxxxx 00000, Attention: Secretary (telecopy number: (000) 000-0000) or such other address or telecopy number as may hereafter be furnished to the Depositor and the Trustee in writing by the Servicer, (c) in the case of the Trustee, 00 Xxxxxxxxxx Xxxxxx, XX-XX-XX0X, Xx. Xxxx, Xxxxxxxxx 00000, Attention: Structured Finance/MASTR 2005-NC2 (telecopy number (000) 000-0000), or such other address or telecopy number as may hereafter be furnished to the Depositor, the NIMS Insurer, the Trustee and the Servicer in writing by the Trustee, or such other address or telecopy number as may hereafter be furnished to the Servicer, the NIMS Insurer and the Depositor in writing by the Trustee and (d) in the case of the Credit Risk
Manager, 0000 Xxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000, Attention: General Counsel, or such other address or telecopy number as may hereafter be furnished to the Depositor, the Servicer, the Trustee and the NIMS Insurer (e) in the case of the NIMS Insurer, if any, as applicable, (i) Radian Insurance Inc., 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000, Attention: General Counsel and/or (ii) Financial Security Assurance Inc., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attn: Transaction Oversight, or such other address or telecopy number as may hereafter be furnished to the Servicer, the Depositor and the Trustee in writing by the NIMS Insurer. Any notice required or permitted to be given 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 when mailed, whether or not the Certificateholder receives such notice. A copy of any notice required to be telecopied hereunder also shall be mailed to the appropriate party in the manner set forth above.
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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.
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SECTION 11.07. |
Notice to Rating Agencies and the NIMS Insurer. |
The Trustee shall use its best efforts promptly to provide notice to the Rating Agencies and the NIMS Insurer with respect to each of the following of which it has actual knowledge:
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Any material change or amendment to this Agreement; |
2. The occurrence of any Servicer Event of Default that has not been cured or waived;
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3. |
The resignation or termination of the Servicer or the Trustee; |
4. The repurchase or substitution of Mortgage Loans pursuant to or as contemplated by Section 2.03;
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The final payment to the Holders of any Class of Certificates; |
6. Any change in the location of the Collection Account or the Distribution Account;
7. Any event that would result in the inability of the Trustee to make advances regarding delinquent Mortgage Loans; and
8. The filing of any claim under any Servicer’s blanket bond and errors and omissions insurance policy required by Section 3.14 or the cancellation or material modification of coverage under any such instrument.
In addition, the Trustee shall promptly make available to each Rating Agency and the NIMS Insurer copies of each report to Certificateholders described in Section 4.02 and copies of the following:
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Each annual statement as to compliance described in Section 3.20; and |
2. Each annual independent public accountants’ servicing report described in Section 3.21.
Any such notice pursuant to this Section 11.07 shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by first class mail, postage prepaid, or by express delivery service to Xxxxx’x Investors Service Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Standard & Poor’s Ratings Services, a division of the XxXxxx-Xxxx Companies, Inc., 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, and Fitch Ratings, Xxx Xxxxx Xxxxxx Xxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000xx such other addresses as the Rating Agencies may designate in writing to the parties hereto.
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SECTION 11.08. |
Article and Section References. |
All article and section references used in this Agreement, unless otherwise provided, are to articles and sections in this Agreement.
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SECTION 11.09. |
Grant of Security Interest. |
It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Depositor to the Trustee, be, and be construed as, a sale of the Mortgage Loans by the Depositor and not a pledge of the Mortgage Loans to secure a debt or other obligation of the Depositor. However, in the event that, notwithstanding the aforementioned intent of the parties, the Mortgage Loans are held to be property of the Depositor, then, (a) it is the express intent of the parties that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor to the Trustee to secure a debt or other obligation of the Depositor and (b)(1) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the Uniform Commercial Code as in effect from time to time in the State of New York; (2) the conveyance provided for in Section 2.01 hereof shall be deemed to be a grant by the Depositor to the Trustee of a security interest in all of the Depositor’s right, title and interest in and to the Mortgage Loans and all amounts payable to the holders of the Mortgage Loans and the Swap Provider in accordance with the terms thereof and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts, other than investment earnings, from time to time held or invested in the Collection Account and the Distribution Account, whether in the form of cash, instruments, securities or other property; (3) the obligations secured by such security agreement shall be deemed to be all of the Depositor’s obligations under this Agreement, including the obligation to provide to the Certificateholders and the Swap Provider the benefits of this Agreement relating to the Mortgage
Loans and the Trust Fund; and (4) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. Accordingly, the Depositor hereby grants to the Trustee a security interest in the Mortgage Loans and all other property described in clause (2) of the preceding sentence, for the purpose of securing to the Trustee the performance by the Depositor of the obligations described in clause (3) of the preceding sentence. Notwithstanding the foregoing, the parties hereto intend the conveyance pursuant to Section 2.01 to be a true, absolute and unconditional sale of the Mortgage Loans and assets constituting the Trust Fund by the Depositor to the Trustee.
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SECTION 11.10 |
Third Party Rights. |
Each of the NIMS Insurer and the Swap Provider shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall have the right to enforce the provisions of this Agreement.
IN WITNESS WHEREOF, the Depositor, the Servicer and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized, in each case as of the day and year first above written.
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., | |
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By: |
/s/ Xxxxxxx Xxxxxxx |
Name: |
Xxxxxxx Xxxxxxx |
Title: |
Associate Director |
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By: |
/s/ Xxxxx XxXxxxxx |
Name: |
Xxxxx XxXxxxxx |
Title: |
Director |
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OCWEN LOAN SERVICING, LLC | |
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By: |
/s/ Xxxxxxx Xxxxxxx |
Name: |
Xxxxxxx Xxxxxxx |
Title: |
Authorized Representative |
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U.S. BANK NATIONAL ASSOCIATION, | |
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By: |
/s/ Xxxxxxx Xxxxx |
Name: |
Xxxxxxx Xxxxx |
Title: |
Vice President |
For purposes of Sections 6.06, 6.07 and 6.08:
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XXXXXXX FIXED INCOME SERVICES INC. | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
Name: |
Xxxxx X. Xxxxxxx |
Title: |
President |
STATE OF NEW YORK |
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ss.: |
COUNTY OF NEW YORK |
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On the th day of November 2005, before me, a notary public in and for said State, personally appeared ________________, known to me to be a ________________ of Mortgage Asset Securitization Transactions, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
[Notarial Seal]
STATE OF |
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ss.: |
COUNTY OF___________ |
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On the ____ day of November 2005, before me, a notary public in and for said State, personally appeared _____________________, known to me to be __________________ of Ocwen Loan Servicing, LLC, one of the federally chartered bank that executed the within instrument, and also known to me to be the person who executed it on behalf of said federally chartered bank, and acknowledged to me that such a federally chartered bank executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
[Notarial Seal]
STATE OF MINNESOTA |
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ss.: |
COUNTY OF XXXXXX |
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On the ____ day of November 2005, before me, a notary public in and for said State, personally appeared ______________, known to me to be a ____________ of U.S. Bank National Association, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.
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Notary Public |
[Notarial Seal]
EXHIBIT A-1
FORM OF CLASS A-1 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class A-1 Certificates as of the Issue Date: $371,109,000.00 Denomination: $371,109,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L ML 7 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-1 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-1 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer and 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-2
FORM OF CLASS A-2 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class A-2 Certificates as of the Issue Date: $153,329,000.00 Denomination: $153,329,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MM 5 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-2 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-2 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-3
FORM OF CLASS A-3 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class A-3 Certificates as of the Issue Date: $153,065,000.00 Denomination: $153,065,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MN 3 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-3 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-3 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-3 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-4
FORM OF CLASS A-4 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class A-4 Certificates as of the Issue Date: $44,275,000.00 Denomination: $44,275,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MP 8 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-4 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-4 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
______________________________________________ |
|||
___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-5
FORM OF CLASS M-1 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date: $31,146,000.00 Denomination: $31,146,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MQ 6 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-1 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-1 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
|
|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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. |
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EXHIBIT A-6
FORM OF CLASS M-2 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE CLASS M-1 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-2 Certificates as of the Issue Date: $27,986,000.00 Denomination: $27,986,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MR 4 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET
FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-2 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-2 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the
same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-7
FORM OF CLASS M-3 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-3 Certificates as of the Issue Date: $19,409,000.00 Denomination: $19,409,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MS 2 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-3 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-3 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-3 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-8
FORM OF CLASS M-4 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE CLASS M-3 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-4 Certificates as of the Issue Date: $13,993,000.00 Denomination: $13,993,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MT 0 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-4 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-4 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-9
FORM OF CLASS M-5 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A ERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES AND THE CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-5 Certificates as of the Issue Date: $13,090,000.00 Denomination: $13,090,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MU 7 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-5 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-5 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-5 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-5 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-5 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-10
FORM OF CLASS M-6 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-6 Certificates as of the Issue Date: $12,187,000.00 Denomination: $12,187,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MV 5 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-6 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-6 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-6 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-6 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-6 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
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|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
|||
Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
||||
This information is provided by |
____________________________________________________ |
||
the assignee named above, or |
_____________________________________________________________ |
||
as its agent. |
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EXHIBIT A-11
FORM OF CLASS M-7 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND THE CLASS M-6 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-7 Certificates as of the Issue Date: $11,736,000.00 Denomination: $11,736,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MW 3 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-7 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-7 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-7 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-7 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-7 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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. |
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||
EXHIBIT A-12
FORM OF CLASS M-8 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES AND THE CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-8 Certificates as of the Issue Date: $8,576,000.00 Denomination: $8,576,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MX 1 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-8 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-8 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-8 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-8 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-8 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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||
By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
|
|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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. |
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||
EXHIBIT A-13
FORM OF CLASS M-9 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES AND THE CLASS M-8 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-9 Certificates as of the Issue Date: $9,027,000.00 Denomination: $9,027,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MY 9 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-9 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-9 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-9 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-9 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-9 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-14
FORM OF CLASS M-10 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES AND THE CLASS M-9 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-10 Certificates as of the Issue Date: $6,319,000.00 Denomination: $6,319,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L MZ 6 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-10 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-10 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-10 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-10 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-10 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
______________________________________________ |
|||
___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-15
FORM OF CLASS M-11 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES, THE CLASS M-9 CERTIFICATES AND THE CLASS M-10 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-11 Certificates as of the Issue Date: $6,770,000.00 Denomination: $6,770,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L NA 0 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-11 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-11 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-11 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-11 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-11 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
|
|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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. |
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EXHIBIT A-16
FORM OF CLASS M-12 CERTIFICATE
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUSTEE 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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES, THE CLASS M-9 CERTIFICATES, THE CLASS M-10 CERTIFICATES AND THE CLASS M-11 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.
Series: 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class M-12 Certificates as of the Issue Date: $4,513,000.00 Denomination: $4,513,000.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005 CUSIP: 57643L NB 8 |
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-12 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-12 Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-12 Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-12 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-12 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
The holder of this Certificate shall be deemed to have made the representation set forth in Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are
exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
|
U.S. BANK NATIONAL ASSOCIATION, |
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||
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
|
|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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|
|
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|
|
Signature Guaranteed |
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. |
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||
EXHIBIT A-17
FORM OF CLASS CE CERTIFICATE
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 (THE “CODE”).
THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE MEZZANINE CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
Series 2005-NC2 Pass-Through Rate: Variable Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1
|
Aggregate Certificate Principal Balance of the Class CE Certificates as of the Issue Date: $16,257,480.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005
|
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class CE Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class CE Certificates in a REMIC created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class CE Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class CE Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class CE Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trustee shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Servicer in their
respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. None of the Depositor or the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor and the Servicer 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.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
|
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||
|
||
By: |
|
|
|
Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
|
U.S. BANK NATIONAL ASSOCIATION, |
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|
||
|
||
By: |
|
|
|
Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
|
________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
|
|
|
|
|
|
Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
|
|
Signature by or on behalf of assignor | |
|
|
|
|
|
|
|
|
Signature Guaranteed |
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 A-18
FORM OF CLASS P CERTIFICATE
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 (THE “CODE”).
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
Series: 2005-NC2 Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Certificate Principal Balance of the Class P Certificates as of the Issue Date: $100.00 Denomination: $100.00 Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005
|
DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.
MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class P Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class P Certificates in REMIC IV created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class P Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class P Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class P Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and
only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trustee shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Servicer in their
respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. None of the Depositor or the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor and the Servicer 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.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-19
FORM OF CLASS R CERTIFICATE
THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUSTEE THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE
REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(d) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE.
Series: 2005-NC2 Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Percentage Interest of the Class R Certificates as of the Issue Date: 100.00% Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005
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MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trustee shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor nor the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or
any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor and the Servicer 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.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trustee (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a pro rata share of the net income of the Trust Fund and that such income may be an “excess inclusion,” as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate.
The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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By: |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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By: |
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Authorized Signatory |
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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________________ (State) |
JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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 |
_______________________________________________________________________ |
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for the account of |
____________________________________________________________________ |
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account number___________, or, if mailed by check, to |
__________________________________ |
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Applicable statements should be mailed to |
______________________________________________ |
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___________________________________________________________________________________ |
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This information is provided by |
____________________________________________________ |
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the assignee named above, or |
_____________________________________________________________ |
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as its agent. |
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EXHIBIT A-20
FORM OF CLASS R-X CERTIFICATE
THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.
SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.
NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.
ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUSTEE THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE
REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE.
Series: 2005-NC2 Cut-off Date and date of Pooling and Servicing Agreement: November 1, 2005 First Distribution Date: December 26, 2005 No. 1 |
Aggregate Percentage Interest of the Class R-X Certificates as of the Issue Date: 100.00% Servicer: Ocwen Loan Servicing, LLC Trustee: U.S. Bank National Association Issue Date: November 29, 2005
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MORTGAGE PASS-THROUGH CERTIFICATE
evidencing a beneficial ownership interest in a portion of a Trust Fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, adjustable-rate, first lien mortgage loans (the “Mortgage Loans”) formed and sold by
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE SERVICER, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.
This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Servicer and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.
Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R-X Certificates on such Distribution Date pursuant to the Agreement.
All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trustee by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trustee in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R-X Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R-X Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose as provided in the Agreement.
This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof.
The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.
As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee 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 evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.
No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trustee shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder's prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee or the Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder's prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor nor the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or
any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor and the Servicer 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.
No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.
The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.
Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trustee (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R-X Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a pro rata share of the net income of the Trust Fund and that such income may be an “excess inclusion,” as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R-X Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate.
The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC.
The Depositor, the Servicer, the Trustee and any agent of the Depositor, the Servicer 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 Trustee nor any such agent shall be affected by notice to the contrary.
The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all of the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.
The recitals contained herein shall be taken as statements of the Depositor and the Trustee assumes no responsibility for their correctness.
Unless the certificate of authentication hereon has been executed by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.
IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed.
Dated: November __, 2005
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity, but solely as Trustee for the MASTR Asset Backed Securities Trust 2005-NC2 |
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Authorized Officer |
CERTIFICATE OF AUTHENTICATION
This is one of the Certificates referred to in the within-mentioned Agreement.
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U.S. BANK NATIONAL ASSOCIATION, |
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ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:
TEN COM - |
as tenants in common |
UNIF GIFT MIN ACT - |
Custodian (Cust) (Minor) under Uniform Gifts to Minors Act |
TEN ENT - |
as tenants by the entireties |
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JT TEN - |
as joint tenants with right if survivorship and not as tenants in common |
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Additional abbreviations may also be used though not in the above list. |
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________
______________________________________________________________________________________
_____________________________________________________________________________.
(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.
I (we) further direct the Trustee to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________________________________
_____________________________________________________________________________.
Dated: _________________
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Signature by or on behalf of assignor | |
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Signature Guaranteed |
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
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account number___________, or, if mailed by check, to |
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the assignee named above, or |
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EXHIBIT B
[RESERVED]
EXHIBIT C-1
FORM OF TRUSTEE'S INITIAL CERTIFICATION
[Date]
Mortgage Asset Securitization Transactions, Inc. 1285 Avenue of the Americas New York, New York 10019 |
U.S. Bank National Association 00 Xxxxxxxxxx Xxxxxx XX-XX-XX0X Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2005-NC2 |
Ocwen Loan Servicing, LLC CentrePark West West Palm Beach, Florida 3340975 Palm Be |
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Re: |
Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Ocwen Loan Servicing, LLC and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-NC2 |
Ladies and Gentlemen:
Attached is the Trustee's preliminary exception report delivered in accordance with Section 2.02 of the referenced Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing Agreement.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The Trustee makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement.
Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement.
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U.S. BANK NATIONAL ASSOCIATION | |
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EXHIBIT C-2
FORM OF TRUSTEE'S FINAL CERTIFICATION
[Date]
Mortgage Asset Securitization Transactions, Inc. 1285 Avenue of the Americas New York, New York 10019 |
U.S. Bank National Association 00 Xxxxxxxxxx Xxxxxx XX-XX-XX0X Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2005-NC2 |
Ocwen Loan Servicing, LLC CentrePark West West Palm Beach, Florida 3340975 Palm Be |
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Re: |
Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Ocwen Loan Servicing, LLC and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-NC2 |
Ladies and Gentlemen:
In accordance with Section 2.02 of the Pooling and Servicing Agreement, the undersigned, as Trustee, hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage loan paid in full or listed on Schedule I hereto) it (or its custodian) has received the applicable documents listed in Section 2.01 of the Pooling and Servicing Agreement.
The undersigned hereby certifies that as to each Mortgage Loan identified on the Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I hereto, it has reviewed the documents listed above and has determined that each such document appears to be complete and, based on an examination of such documents, the information set forth in the Mortgage Loan Schedule is correct.
The Trustee has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The Trustee makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement.
Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement.
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U.S. BANK NATIONAL ASSOCIATION | |
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EXHIBIT C-3
FORM OF RECEIPT OF MORTGAGE NOTE
Mortgage Asset Securitization Transactions, Inc. 1285 Avenue of the Americas New York, New York 10019 |
U.S. Bank National Association 00 Xxxxxxxxxx Xxxxxx XX-XX-XX0X Xx. Xxxx, XX 00000 Attn: Structured Finance/MASTR 2005-NC2 |
Ocwen Loan Servicing, LLC XxxxxxXxxx Xxxx Xxxx Xxxx Xxxxx, Xxxxxxx 0000000 |
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Re: |
Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Ocwen Loan Servicing, LLC and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-NC2 |
Ladies and Gentlemen:
Pursuant to Section 2.01 of the Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Ocwen Loan Servicing, LLC as Servicer (the “Servicer”) and U.S. Bank National Association. as Trustee, we hereby acknowledge the receipt of the original Mortgage Notes (a copy of which is attached hereto as Exhibit 1) with any exceptions thereto listed on Exhibit 2.
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U.S. BANK NATIONAL ASSOCIATION | |
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Title: |
EXHIBIT D
FORM OF MORTGAGE LOAN PURCHASE AGREEMENT
MORTGAGE LOAN PURCHASE AGREEMENT
This is a Mortgage Loan Purchase Agreement (this “Agreement”), dated November 23, 2005, among UBS Real Estate Securities Inc., a Delaware corporation (the “Seller”), Mortgage Asset Securitization Transactions, Inc., a Delaware corporation (the “Purchaser”) and NC Capital Corporation, a California corporation (the “NC Capital”).
Preliminary Statement
The Seller intends to sell the Mortgage Loans (as hereinafter identified) and the Interest Rate Swap Agreement to the Purchaser on the terms and subject to the conditions set forth in this Agreement. The Purchaser intends to deposit the Mortgage Loans into a mortgage pool comprising the Trust Fund. The Trust Fund will be evidenced by a single series of mortgage pass-through certificates designated as Series 2005-NC2 (the “Certificates”). The Certificates will consist of twenty classes of certificates. The Certificates will be issued pursuant to a Pooling and Servicing Agreement for Series 2005-NC2, dated as of November 1, 2005 (the “Pooling and Servicing Agreement”), among the Depositor as depositor, Ocwen Loan Servicing, LLC as servicer (the “Servicer”) and U.S. Bank National Association as trustee (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Pooling and Servicing Agreement.
The parties hereto agree as follows:
SECTION 1. Agreement to Purchase. The Seller agrees to sell and the Purchaser agrees to purchase, on or before November 29, 2005 (the “Closing Date”), certain adjustable-rate conventional, one- to four-family, residential mortgage loans (the “Mortgage Loans”), having an aggregate principal balance as of the close of business on November 1, 2005, (the “Cut-off Date”) of approximately $902,787,580 (the “Closing Balance”), after giving effect to all payments due on the Mortgage Loans on or before the Cut-off Date, whether or not received, including the right to any Prepayment Charges payable by the related Mortgagors in connection with any Principal Prepayments on the Mortgage Loans. In addition to the sale of the Mortgage Loans, the Seller will cause the Interest Rate Swap Agreement to be transferred to the Purchaser.
SECTION 2. Mortgage Loan Schedule. The Purchaser and the Seller have agreed upon which of the mortgage loans owned by the Seller are to be purchased by the Purchaser pursuant to this Agreement and the Seller will prepare or cause to be prepared on or prior to the Closing Date a final schedule (the “Closing Schedule”) that shall describe such Mortgage Loans, including any Prepayment Charges with respect thereto, and set forth all of the Mortgage Loans to be purchased under this Agreement. The Closing Schedule will conform to the requirements set forth in this Agreement and to the definitions of “Mortgage Loan Schedule” and “Prepayment Charge Schedule” under the Pooling and Servicing Agreement, it being understood that for purposes of this Agreement, “Mortgage Loan Schedule” shall refer to the schedule delivered by NC Capital to the Seller. The Closing Schedule shall be used as the Mortgage Loan Schedule and Prepayment Charge Schedule under the Pooling and Servicing Agreement.
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Section 3. |
Consideration. |
(a) In consideration for the Mortgage Loans to be purchased hereunder, the Purchaser shall, as described in Section 8, pay to or upon the order of the Seller in immediately available funds an amount (the “Mortgage Loan Purchase Price”) equal to the net sale proceeds of the Certificates.
(b) The Purchaser or any assignee, transferee or designee of the Purchaser shall be entitled to all scheduled payments of principal due after the Cut-off Date, all other payments of principal due and collected after the Cut-off Date, and all payments of interest on the Mortgage Loans allocable to the period after the Cut-off Date. All scheduled payments of principal and interest due on or before the Cut-off Date and collected after the Cut-off Date shall belong to the Seller.
(c) Pursuant to the Pooling and Servicing Agreement, the Purchaser will assign all of its right, title and interest in and to the Mortgage Loans, together with its rights under this Agreement, to the Trustee for the benefit of the Certificateholders.
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Section 4. |
Transfer of the Mortgage Loans. |
(a) Possession of Mortgage Files. The Seller does hereby sell, transfer, assign, set over and convey to the Purchaser, without recourse but subject to the terms of this Agreement, all of its right, title and interest in, to and under the Mortgage Loans, including any related Prepayment Charges. The contents of each Mortgage File not delivered to the Purchaser or to any assignee, transferee or designee of the Purchaser on or prior to the Closing Date are and shall be held in trust by the Seller for the benefit of the Purchaser or any assignee, transferee or designee of the Purchaser. Upon the sale of the Mortgage Loans, the ownership of each Mortgage Note, the related Mortgage and the other contents of the related Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or that come into the possession of the Seller on or after the Closing Date shall immediately vest in the Purchaser and shall be delivered immediately to the Purchaser or as otherwise directed by the Purchaser.
(b) Delivery of Mortgage Loan Documents. The Seller will, on or prior to the Closing Date, deliver or cause to be delivered to the Purchaser or any assignee, transferee or designee of the Purchaser each of the following documents for each Mortgage Loan:
(i) the original Mortgage Note, endorsed in blank or in the following form: “Pay to the order of U.S. Bank National Association, as Trustee under the applicable agreement, without recourse,” with all prior and intervening endorsements showing a complete chain of endorsement from the Originator to the Person so endorsing to the Trustee;
(ii) the original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording thereon, and the original
recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;
(iii) unless the Mortgage Loan is registered on the MERS® System, an original Assignment in blank;
(iv) the original recorded Assignment or Assignments showing a complete chain of assignment from the Originator to the Person assigning the Mortgage to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of the MIN) as contemplated by the immediately preceding clause (iii);
(v) the original or copies of each assumption, modification, written assurance or substitution agreement, if any; and
(vi) the original lender's title insurance policy, together with all endorsements or riders that were issued with or subsequent to the issuance of such policy, insuring the priority of the Mortgage as a first lien on the Mortgaged Property represented therein as a fee interest vested in the Mortgagor, or in the event such original title policy is unavailable, a written commitment or uniform binder or preliminary report of title issued by the title insurance or escrow company.
With respect to a maximum of approximately 1.0% of the Mortgage Loans, by outstanding principal balance of the Mortgage Loans as of the Cut-off Date, if any original Mortgage Note referred to in Section 4(b)(i) above cannot be located, the obligations of the Seller to deliver such documents shall be deemed to be satisfied upon delivery to the Purchaser of a photocopy of such Mortgage Note, if available, with a lost note affidavit substantially in the form of Exhibit I to the Pooling and Servicing Agreement. If any of the original Mortgage Notes for which a lost note affidavit was delivered to the Purchaser is subsequently located, such original Mortgage Note shall be delivered to the Purchaser within three Business Days.
Except with respect to any Mortgage Loan for which MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record, NC Capital promptly shall (within sixty Business Days following the later of the Closing Date and the date of receipt by NC Capital of the recording information for a Mortgage, but in no event later than ninety days following the Closing Date) submit or cause to be submitted for recording, at no expense to the Purchaser, in the appropriate public office for real property records, each Assignment referred to in Section 4(b)(iii) and (iv) above and in connection therewith, NC Capital shall execute each original Assignment in the following form: “U.S. Bank National Association, as Trustee under the applicable agreement.” In the event that any such Assignment is lost or returned unrecorded because of a defect therein, NC Capital shall promptly prepare or cause to be prepared a substitute Assignment or cure or cause to be cured such defect, as the case may be, and thereafter cause each such Assignment to be duly recorded. Notwithstanding the foregoing, to the extent that NC Capital has performed the duties with the respect to any Mortgage Loan referenced in this paragraph in connection with the transfer of such Mortgage Loan to the Seller, references to NC Capital in this paragraph shall be deemed to be references to the Seller.
In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Seller agrees that it will cause, within 30 Business Days after the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Purchaser to the Trustee in accordance with the Pooling and Servicing Agreement for the benefit of the Certificateholders by including in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans.
If any of the documents referred to in Sections 4(b)(ii), (iii) or (iv) above has, as of the Closing Date, been submitted for recording but either (x) has not been returned from the applicable public recording office or (y) has been lost or such public recording office has retained the original of such document, the obligations of the Seller to deliver such documents shall be deemed to be satisfied upon (1) delivery to the Purchaser of a copy of each such document certified by NC Capital in the case of (x) above or the applicable public recording office in the case of (y) above to be a true and complete copy of the original that was submitted for recording and (2) if such copy is certified by NC Capital, delivery to the Purchaser promptly upon receipt thereof of either the original or a copy of such document certified by the applicable public recording office to be a true and complete copy of the original. NC Capital shall provide notice to the Seller and the Seller shall provide such notice to the Trustee and the Rating Agencies if delivery pursuant to clause (2) above will be made more than 180 days after the Closing Date.
If the original lender's title insurance policy was not delivered pursuant to Section 4(b)(vi) above, the Seller shall deliver or cause to be delivered to the Purchaser, promptly after receipt thereof, the original lender's title insurance policy. The Seller shall deliver or cause to be delivered to the Purchaser promptly upon receipt thereof any other original documents constituting a part of a Mortgage File received with respect to any Mortgage Loan, including, but not limited to, any original documents evidencing an assumption or modification of any Mortgage Loan.
Each original document relating to a Mortgage Loan which is not delivered to the Purchaser or its assignee, transferee or designee, if held by the Seller, shall be so held for the benefit of the Purchaser, its assignee, transferee or designee.
(c) Acceptance of Mortgage Loans. The documents delivered pursuant to Section 4(b) hereof shall be reviewed by the Purchaser or any assignee, transferee or designee of the Purchaser at any time before or after the Closing Date (and with respect to each document permitted to be delivered after the Closing Date, within seven days of its delivery) to ascertain that all required documents have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule.
(d) Transfer of Interest in Agreements. The Purchaser has the right to assign its interest under this Agreement, in whole or in part, to the Trustee, as may be required to effect the purposes of the Pooling and Servicing Agreement, without the consent of the Seller, and the assignee shall succeed to the rights and obligations hereunder of the Purchaser. Any expense reasonably incurred by or on behalf of the Purchaser or the Trustee in connection with enforcing any obligations of the Seller under this Agreement will be promptly reimbursed by the Seller.
(e) Examination of Mortgage Files. Prior to the Closing Date, the Seller shall either (i) deliver in escrow to the Purchaser, or to any assignee, transferee or designee of the Purchaser for examination, the Mortgage File pertaining to each Mortgage Loan or (ii) make such Mortgage Files available to the Purchaser or to any assignee, transferee or designee of the Purchaser for examination. Such examination may be made by the Purchaser or the Trustee, and their respective designees, upon reasonable notice to the Seller during normal business hours before the Closing Date and within 60 days after the Closing Date. If any such person makes such examination prior to the Closing Date and identifies any Mortgage Loans that do not conform to the requirements of the Purchaser as described in this Agreement, such Mortgage Loans shall be deleted from the Closing Schedule. The Purchaser may, at its option and without notice to the Seller, purchase all or part of the Mortgage Loans without conducting any partial or complete examination. The fact that the Purchaser or any person has conducted or has failed to conduct any partial or complete examination of the Mortgage Files shall not affect the rights of the Purchaser or any assignee, transferee or designee of the Purchaser to demand repurchase or other relief as provided herein or under the Pooling and Servicing Agreement.
SECTION 5. Representations, Warranties and Covenants of the Seller and NC Capital.
(a) The Seller hereby represents and warrants to NC Capital and the Purchaser, as of the date hereof and as of the Closing Date, and covenants, that:
(i) The Seller is duly organized, validly existing and in good standing as a corporation under the laws of the State of Delaware with full corporate power and authority to conduct its business as presently conducted by it to the extent material to the consummation of the transactions contemplated herein. The Seller has the full corporate power and authority to own the Mortgage Loans and to transfer and convey the Mortgage Loans to the Purchaser and has the full corporate power and authority to execute and deliver, engage in the transactions contemplated by, and perform and observe the terms and conditions of this Agreement;
(ii) The Seller has duly authorized the execution, delivery and performance of this Agreement, has duly executed and delivered this Agreement, and this Agreement, assuming due authorization, execution and delivery by NC Capital and the Purchaser, constitutes a legal, valid and binding obligation of the Seller, enforceable against it in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency or reorganization or by general principles of equity;
(iii) The execution, delivery and performance of this Agreement by the Seller (x) does not conflict and will not conflict with, does not breach and will not result in a breach of and does not constitute and will not constitute a default (or an event, which with notice or lapse of time or both, would constitute a default) under (A) any terms or provisions of the articles of incorporation or by-laws of the Seller, (B) any term or provision of any material agreement, contract, instrument or indenture to which the Seller is a party or by which the Seller or any of its property is bound or (C) any law, rule, regulation, order, judgment, writ, injunction or decree of any court or governmental authority having jurisdiction over the Seller or any of its property and (y) does not create
or impose and will not result in the creation or imposition of any lien, charge or encumbrance which would have a material adverse effect upon the Mortgage Loans or any documents or instruments evidencing or securing the Mortgage Loans;
(iv) No consent, approval, authorization or order of, registration or filing with, or notice on behalf of the Seller to any governmental authority or court is required, under federal laws or the laws of the State of Delaware, for the execution, delivery and performance by the Seller of, or compliance by the Seller with, this Agreement or the consummation by the Seller of any other transaction contemplated hereby and by the Pooling and Servicing Agreement; provided, however, that the Seller makes no representation or warranty regarding federal or state securities laws in connection with the sale or distribution of the Certificates;
(v) This Agreement does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements contained herein not misleading. The written statements, reports and other documents prepared and furnished or to be prepared and furnished by the Seller pursuant to this Agreement or in connection with the transactions contemplated hereby taken in the aggregate do not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements contained therein not misleading;
(vi) The Seller is not in violation of, and the execution and delivery of this Agreement by the Seller and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order or regulation of any federal, state, municipal or governmental agency having jurisdiction over the Seller or its assets, which violation might have consequences that would materially and adversely affect the condition (financial or otherwise) or the operation of the Seller or its assets or might have consequences that would materially and adversely affect the performance of its obligations and duties hereunder;
(vii) The Seller does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement;
(viii) Immediately prior to the sale of the Mortgage Loans to the Purchaser as herein contemplated, the Seller will be the owner of the related Mortgage and the indebtedness evidenced by the related Mortgage Note, and, upon the payment to the Seller of the Mortgage Loan Purchase Price, the Purchaser shall have good and marketable title to each Mortgage Loan, each related Mortgage Note and the related Mortgage Files with respect thereto free and clear of all liens, pledges, charges, claims security interests, participations and other encumbrances;
(ix) There are no actions or proceedings against, or investigations known to it of, the Seller before any court or administrative or other tribunal (A) that might prohibit its entering into this Agreement, (B) seeking to prevent the sale of the Mortgage Loans by the Seller or the consummation of the transactions contemplated by this Agreement or (C) that might prohibit or materially and adversely affect the
performance by the Seller of its obligations under, or the validity or enforceability of, this Agreement;
(x) The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller are not subject to the bulk transfer or any similar statutory provisions;
(xi) The Seller has not dealt with any broker, investment banker, agent or other person, except for the Purchaser or any of its affiliates, that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans (except that an entity that previously financed the Seller's ownership of the Mortgage Loans may be entitled to a fee to release its security interest in the Mortgage Loans, which fee shall have been paid and which security interest shall have been released on or prior to the Closing Date);
(xii) There is no litigation currently pending or, to the best of the Seller's knowledge without independent investigation, threatened against the Seller that would reasonably be expected to adversely affect the transfer of the Mortgage Loans, the issuance of the Certificates or the execution, delivery, performance or enforceability of this Agreement, or that would result in a material adverse change in the financial condition of the Seller;
(xiii) As of the Closing Date, with respect to each Mortgage Loan, the Seller has no knowledge of any circumstances or condition with respect to the related Mortgaged Property, the related Mortgagor, such Mortgagor's credit standing or the related Mortgage that can reasonably be expected to cause the Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value of the Mortgage Loan;
(xiv) As of the Closing Date, with respect to each Mortgage Loan, the related Mortgaged Property is lawfully occupied under applicable law; all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of such 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;
(xv) As of the Closing Date, with respect to each Mortgage Loan, the related Mortgaged Property is in compliance with all applicable environmental laws pertaining to environmental hazards including, without limitation, asbestos, and none of NC Capital, any related seller of the Mortgage Loan or, to NC Capital's knowledge and the knowledge of any related seller of the Mortgage Loan, the related Mortgagor, has received any notice of any violation or potential violation of such law;
(xvi) As of the Closing Date, with respect to each Mortgage Loan, there are no delinquent taxes, ground rents, water charges, sewer rents, assessments, insurance
premiums, leasehold payments, including assessments payable in future installments, or other outstanding charges affecting the related Mortgaged Property;
(xvii) Each Mortgage Loan at the time it was made complied in all material respects with applicable local, state, and federal laws, including, but not limited to, all applicable predatory and abusive lending laws;
(xviii) None of the Mortgage Loans (i) are “High Cost” as such term is defined in HOEPA or (ii) fall under a reasonably equivalent provision as defined by the applicable predatory and abusive lending laws;
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(xix) |
[Reserved]; |
(xx) No Mortgage Loan is a high cost loan or a covered loan (as such terms are defined in Standard & Poor's LEVELS Version 5.6C Glossary Revised, Appendix E), as applicable;
(xxi) No Mortgage Loan originated on or after October 1, 2002 and before March 7, 2003 is secured by a Mortgaged Property located in the State of Georgia; and no Mortgage Loan originated on or after March 7, 2003 is a “high cost home loan” as defined under the Georgia Fair Lending Act; and
(xxii) With respect to each Mortgage Loan, the Monthly Payment due on October 1, 2005 will be made by November 30, 2005.
(b) NC Capital hereby represents and warrants to the Seller and the Purchaser, as of the date hereof and as of the Closing Date, and covenants, that:
(i) NC Capital is a corporation duly organized and validly existing under the laws of California. NC Capital has all licenses necessary to carry out its business as now being conducted, and is licensed and qualified to transact business in and is in good standing under the laws of each state in which any Mortgaged Property is located or is otherwise exempt under applicable law from such licensing or qualification or is otherwise not required under applicable law to effect such licensing or qualification and no demand for such licensing or qualification has been made upon NC Capital by any such state, and in any event NC Capital is in compliance with the laws of any such state to the extent necessary to ensure the enforceability of each Mortgage Loan. No licenses or approvals obtained by NC Capital have been suspended or revoked by any court, administrative agency, arbitrator or governmental body and no proceedings are pending which might result in such suspension or revocation, which is reasonably likely to have a material adverse effect on any Mortgage Loan (including the Seller's interest therein) or is reasonable likely to have a material adverse effect on the transactions contemplated by this Agreement;
(ii) NC Capital has the full power and authority and legal right to execute, deliver and perform, and to enter into and consummate all transactions contemplated by this Agreement and to conduct its business as presently conducted; NC Capital has duly authorized the execution, delivery and performance of this Agreement
and any agreements contemplated hereby, has duly executed and delivered this Agreement, and any agreements contemplated hereby, and this Agreement and each Assignment of Mortgage to the Seller and any agreements contemplated hereby, constitute the legal, valid and binding obligations of NC Capital, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws, and by equitable principles affecting the enforceability of the rights of creditors; and all requisite corporate action has been taken by NC Capital to make this Agreement and all agreements contemplated hereby valid and binding upon NC Capital in accordance with their terms;
(iii) None of the execution and delivery of this Agreement, the sale of the Mortgage Loans to the Seller, the consummation of the transactions contemplated hereby, or the fulfillment of or compliance with the terms and conditions of this Agreement has conflicted with or will conflict with any of the terms, conditions or provisions of NC Capital's charter or by laws or materially conflict with or result in a material breach of any of the terms, conditions or provisions of any legal restriction or any agreement or instrument to which NC Capital is now a party or by which it is bound, or constitute a default or result in an acceleration under any of the foregoing, or result in the material violation of any law, rule, regulation, order, judgment or decree to which NC Capital or its property is subject;
(iv) There is no litigation, suit, proceeding or investigation pending or, to NC Capital's knowledge threatened, or any order or decree outstanding, which is reasonably likely to have a material adverse effect on the sale of the Mortgage Loans, the execution, delivery, performance or enforceability of this Agreement, or which is reasonably likely to have a material adverse effect on the financial condition of NC Capital;
(v) No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by NC Capital of or compliance by NC Capital with this Agreement, except for consents, approvals, authorizations and orders which have been obtained;
(vi) The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of NC Capital, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by NC Capital pursuant to this Agreement are not subject to bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
(vii) The origination, servicing and collection practices with respect to each Mortgage Note and Mortgage have been legal and in accordance with applicable laws and regulations, and in all material respects in accordance with the servicing standards set forth in the Pooling and Servicing Agreement. NC Capital further represents and warrants that no escrow payments are required under any Mortgage Loan and no such payments are in the possession of, or under the control of, NC Capital or its delegate; no escrow deposits or other charges or payments due under any related Mortgage Note have been capitalized under such Mortgage Note or any related
Mortgage; all Mortgage Rate adjustments have been made in strict compliance with state and federal law and the terms of each related Mortgage Note; and any interest required to be paid pursuant to state and local law has been properly paid and credited;
(viii) Neither the Originator nor NC Capital has used selection procedures that identified the Mortgage Loans as being less desirable or valuable than other comparable mortgage loans in the Originator's or NC Capital’s portfolio at the related Closing Date;
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(ix) |
[Reserved]; |
(x) NC Capital is an approved seller of residential mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac and HUD. NC Capital is duly qualified, licensed, registered and otherwise authorized under all applicable federal, state and local laws and regulations and is in good standing to sell mortgage loans for Xxxxxx Mae or Xxxxxxx Mac and no event has occurred which would make NC Capital unable to comply with eligibility requirements or which would require notification to either Xxxxxx Mae or Xxxxxxx Mac;
(xi) NC Capital does not believe, nor does it have any cause or reason to believe, that it cannot perform each and every covenant contained in this Agreement applicable to it;
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(xii) |
[Reserved]; |
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(xiii) |
[Reserved]; |
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(xiv) |
[Reserved]; |
(xv) NC Capital has not dealt with any broker, investment banker, agent or other person that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans to the Seller; and
(xvi) NC Capital is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in performing its obligations under the Agreement.
SECTION 6. Representations and Warranties of NC Capital Relating to the Mortgage Loans.
NC Capital hereby represents and warrants to the Purchaser that as to each Mortgage Loan as of the Closing Date:
(i) Mortgage Loans as Described. The information set forth in the Mortgage Loan Schedule is complete, true and correct;
(ii) Payments Current. All payments required to be made up to the related Closing Date for the Mortgage Loan under the terms of the Mortgage Note, other than payments for which the related due date was not thirty or more days prior to the related Closing Date, have
been made and credited. No Mortgage Loan has a Thirty-day Delinquency nor has the Mortgage Loan had a Thirty-day Delinquency at any time since the origination of the Mortgage Loan. The first Monthly Payment shall be made with respect to the Mortgage Loan on its Due Date or during the month in which it is due, all in accordance with the terms of the related Mortgage Note;
(iii) No Outstanding Charges. There are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid and which has been assessed but is not yet due and payable. Neither the Seller nor the Servicer has advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the Due Date of the first installment of principal and interest;
(iv) Original Terms Unmodified. The terms of the Mortgage Note and Mortgage have not been impaired, waived, altered or modified in any respect, from the date of origination except by a written instrument which has been recorded, if necessary to protect the interests of the Purchaser, and which has been delivered to the Custodian or to such other Person as the Purchaser shall designate in writing, and the terms of which are reflected in the Mortgage Loan Schedule. The substance of any such waiver, alteration or modification has been approved by any related insurer to the extent required by the policy, and its terms are reflected on the Mortgage Loan Schedule, if applicable. No Mortgagor has been released, in whole or in part, except in connection with an assumption agreement, approved by any related insurer, to the extent required by the policy, and which assumption agreement is part of the Mortgage Loan File delivered to the Custodian or to such other Person as the Purchaser shall designate in writing and the terms of which are reflected in the Mortgage Loan Schedule;
(v) No Defenses. The Mortgage Loan is not subject to any right of rescission, set-off, counterclaim or defense, including without limitation the defense of usury, nor will the operation of any of the terms of the Mortgage Note or 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 without limitation the defense of usury, and no such right of rescission, set-off, counterclaim or defense has been asserted with respect thereto, and no Mortgagor was a debtor in any state or Federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated or as of the related Closing Date;
(vi) Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by a Qualified Insurer against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Mae Guides or by Xxxxxxx Mac in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) the outstanding principal balance of the Mortgage Loan, and (b) an amount such
that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration is in effect which policy is in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended, conforms to Xxxxxx Mae and Xxxxxxx Mac and is insured by a Qualified Insurer. All individual insurance policies contain a standard mortgagee clause naming the Servicer and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor’s cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a “master” or “blanket” hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Purchaser upon the consummation of the transactions contemplated by this Agreement. Neither the Seller nor the Servicer has engaged in, and has no knowledge of the Mortgagor’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of such policy, without limitation. No unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller or the Servicer;
(vii) Compliance with Applicable Laws. Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, all predatory and abusive lending laws and disclosure laws or unfair and deceptive practices laws applicable to the Mortgage Loan have been complied with, the consummation of the transactions contemplated hereby will not involve the violation of any such laws or regulations, and the Seller shall maintain in its possession, available for the Purchaser’s inspection, and shall deliver to the Purchaser upon demand, evidence of compliance with all such requirements;
(viii) No Satisfaction of Mortgage. The Mortgage has not been satisfied, canceled, subordinated or rescinded, in whole or in part, 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 release, cancellation, subordination or rescission. Neither the Seller nor the Servicer has waived the performance by the Mortgagor of any action, if the Mortgagor’s failure to perform such action would cause the Mortgage Loan to be in default, nor has the Seller or the Servicer waived any default resulting from any action or inaction by the Mortgagor;
(ix) Location and Type of Mortgaged Property. The Mortgaged Property is located in the state identified in the Mortgage Loan Schedule and consists of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an
individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development or a de minimis planned unit development which is in each case four stories or less, provided, however, that any manufactured dwelling shall conform with the applicable Xxxxxx Mae and Xxxxxxx Mac requirements regarding such dwellings and that no Mortgage Loan is secured by a single parcel of real property with a cooperative housing corporation, a log home or a mobile home erected thereon or by a mixed-use property, a property in excess of 10 acres, or other unique property types. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. With respect to any Mortgage Loan secured by a Mortgaged Property improved by manufactured housing, (i) the related manufactured housing unit is permanently affixed to the land, and (ii) the related manufactured housing unit and the related land are subject to a Mortgage properly filed in the appropriate public recording office and naming the Originator as mortgagee.
(x) Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected, (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:
(i) the lien of current real property taxes and assessments not yet due and payable;
(ii) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording acceptable to prudent mortgage lending institutions generally and specifically referred to in the lender’s title insurance policy delivered to the originator of the Mortgage Loan and (a) specifically referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan or (b) which do not adversely affect the Appraised Value of the Mortgaged Property set forth in such appraisal;
(iii) 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; and
(iv) with respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a First Lien on the 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, subsisting, enforceable and perfected first lien and first priority security interest on the property described therein and the Originator had full right to sell and assign the same to Seller and Seller had full right to sell and assign the same to the Purchaser;
(v) Validity of Mortgage Documents. The Mortgage Note and the Mortgage and any other agreement executed and delivered by a Mortgagor in connection with a Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms. All parties to the Mortgage Note, the Mortgage and any other such related agreement had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note, the Mortgage and any such agreement, and the Mortgage Note, the Mortgage and any other such related agreement have been duly and properly executed by other such related parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination or servicing of the Mortgage Loan. The Seller has reviewed all of the documents constituting the Servicing File and has made such inquiries as it deems necessary to make and confirm the accuracy of the representations set forth herein;
(vi) Full Disbursement of Proceeds. The Mortgage Loan has been closed and the proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement 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 were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage;
(vii) Ownership. The Seller is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by each Mortgage Note. The Mortgage Loan is not assigned or pledged, and the Seller has good, indefeasible and marketable title thereto, and has full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign each Mortgage Loan pursuant to this Agreement and the related Purchase Price and Terms Letter and following the sale of each Mortgage Loan, the Purchaser will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. The Seller intends to relinquish all rights to possess, control and monitor the Mortgage Loan. After the related Closing Date, the Seller will have no right to modify or alter the terms of the sale of the Mortgage Loan and the Seller will have no obligation or right to repurchase the Mortgage Loan or substitute another Mortgage Loan, except as provided in this Agreement;
(viii) Doing Business. 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) (1) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (2) either (i) organized under the laws of such state, or (ii) qualified to do business in such state, or (iii) a federal savings and loan association, a savings bank or a national bank having a principal office in such state, or (3) not doing business in such state;
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(ix) |
LTV. No Mortgage Loan has an LTV greater than 95%. |
(x) Title Insurance. The Mortgage Loan is covered by an ALTA lender’s title insurance policy, or with respect to any Mortgage Loan for which the related Mortgaged Property is located in California a CLTA lender’s title insurance policy, or other generally acceptable form of policy or insurance acceptable to Xxxxxx Xxx or Xxxxxxx Mac and each such title insurance policy is issued by a Qualified Insurer, insuring (subject to the exceptions contained above in Section 7.02(j)(a) and (b) and, with respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (d)) the Seller, its successors and assigns, or the Originator, its successors and assigns, as to the first priority lien of the Mortgage in the original principal amount of the Mortgage Loan, subject only to the exceptions contained in clauses (1) and (2) of paragraph (j) of this Subsection 7.02, and in the case of adjustable rate Mortgage Loans, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment to the Mortgage Interest Rate and Monthly Payment. Where required by state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. Additionally, such lender’s title insurance policy affirmatively insures ingress and egress, and against encroachments by or upon the Mortgaged Property or any interest therein. Either the Seller, its successor and assigns, or the Originator, its successors and assigns, are the sole insureds of such lender’s title insurance policy, and such lender’s title insurance policy is valid and remains in full force and effect and will be in force and effect upon the consummation of the transactions contemplated by this Agreement and the related Purchase Price and Terms Letter. No claims have been made under such lender’s title insurance policy, and no prior holder of the related Mortgage, including the Seller and the Originator, has done, by act or omission, anything which would impair the coverage of such lender’s title insurance policy, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by the Seller and the Originator;
(xi) No Defaults. Other than payments due but not yet delinquent, there is no default, breach, violation or event which would permit 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 which would permit acceleration, and neither the Seller nor the Originator, nor any of their affiliates nor any of their respective predecessors, have waived any default, breach, violation or event which would permit acceleration. With respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the First Lien is in full force and effect, (ii) there is no default, breach, violation or event of
acceleration existing under such First Lien mortgage or the related mortgage note, (iii) 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 thereunder, and either (A) the First Lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the Second Lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the First Lien mortgage;
(xii) No Mechanics’ Liens. There are no mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to, or equal or coordinate with, the lien of the related Mortgage;
(xiii) Location of Improvements; No Encroachments. All improvements which were considered in determining the Appraised Value of the 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. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation;
(xiv) Origination; Payment Terms. Either (a) the Mortgage Loan was originated by a mortgagee approved by the Secretary of Housing and Urban Development pursuant to Sections 203 and 211 of the National Housing Act, a savings and loan association, a savings bank, a commercial bank, credit union, insurance company or other similar institution which is supervised and examined by a federal or state authority, or (b) the following requirements have been met with respect to the Mortgage Loan: the Seller and the Originator meet the requirements set forth in clause (a), and (i) such Mortgage Loan was underwritten in accordance with standards established by the Seller and the Originator, using application forms and related credit documents approved by the Seller and the Originator, (ii) the Seller and the Originator approved each application and the related credit documents before a commitment by the correspondent was issued, and no such commitment was issued until the Seller and the Originator agreed to fund such Mortgage Loan, (iii) the closing documents for such Mortgage Loan were prepared on forms approved by the Seller and the Originator, and (iv) such Mortgage Loan was actually funded by the Seller and the Originator and was purchased by the Seller and the Originator at closing or soon thereafter. The documents, instruments and agreements submitted for loan underwriting were not falsified and contain no untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading. No Mortgage Loan contains terms or provisions which would result in negative amortization. Except with respect to IO Mortgage Loans, principal payments on the Mortgage Loan commenced no more than sixty days after funds were disbursed in connection with the Mortgage Loan. The Mortgage Interest Rate as well as the Lifetime Rate Cap, the Initial Rate Cape and the Periodic Cap, are as set forth on Exhibit G to the Master Mortgage Loan Purchase, Warranties and Interim Servicing Agreement, dated May 1, 2004 (as amended from time to time, the “Master Agreement”), among the Seller, New Century Mortgage Corporation (the “Originator”) and NC Capital. The Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to
the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization; provided that with respect to IO Mortgage Loans, The Mortgage Note is initially payable in equal monthly installments of interest, with interest calculated and payable in arrears, for such period set forth in the related Mortgage Note and then the Mortgage Note is payable in equal monthly installments of principal and interest, with interest calculated and payable in arrears, sufficient to amortize the Mortgage Loan fully by the stated maturity date, over the remaining term of the IO Mortgage Loan. The Mortgage Loan is payable on the first day of each month. There are no Mortgage Loans which contain a provision allowing the Mortgagor to convert the Mortgage Note from an adjustable interest rate Mortgage Note to a fixed interest rate Mortgage Note;
(xv) Customary Provisions. The Mortgage contains 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, (i) in the case of a Mortgage designated as a deed of trust, by trustee’s sale, and (ii) otherwise by judicial foreclosure. Upon default by a Mortgagor on a Mortgage Loan and foreclosure on, or trustee’s sale of, the Mortgaged Property pursuant to the proper procedures, the holder of the Mortgage Loan will be able to deliver good and merchantable title to the Mortgaged Property. There is no homestead or other exemption available to a Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee’s sale or the right to foreclose the Mortgage, subject to applicable federal and state laws and judicial precedent with respect to bankruptcy and right of redemption or similar law;
(xvi) Conformance with Agency and Underwriting Standards. The Mortgage Loan was underwritten in accordance with the Underwriting Standards (a copy of which is attached as Exhibit H to the Master Agreement). The Mortgage Note and Mortgage are on forms acceptable to Xxxxxxx Mac or Xxxxxx Mae and neither the Seller nor the Originator has made any representations to a Mortgagor that are inconsistent with the mortgage instruments used;
(xvii) Occupancy of the Mortgaged Property. As of the related Closing Date the Mortgaged Property is lawfully occupied under applicable law. 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 and fire underwriting certificates, have been made or obtained from the appropriate authorities;
(xviii) No Additional Collateral. The Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (j) above;
(xix) Deeds of Trust. In the event the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee’s sale after default by the Mortgagor;
(xx) Delivery of Mortgage Documents. The Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents required to be delivered under this Agreement and the related Purchase Price and Terms Letter for each Mortgage Loan have been delivered to the Custodian. The Seller is in possession of a complete, true and accurate Mortgage File in compliance with Exhibit A to the Master Agreement, except for such documents the originals of which have been delivered to the Custodian;
(xxi) Condominiums/Planned Unit Developments. If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator’s Underwriting Guidelines;
(xxii) Transfer of Mortgage Loans. The Assignment of Mortgage with respect to each Mortgage Loan is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located. The transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller are not subject to the bulk transfer or similar statutory provisions in effect in any applicable jurisdiction;
(xxiii) Due-On-Sale. With respect to each Fixed Rate Mortgage Loan, the Mortgage contains an enforceable provision for the acceleration of the payment of the unpaid principal balance of the Mortgage Loan in the event that the Mortgaged Property is sold or transferred without the prior written consent of the mortgagee thereunder, and to the best of the Seller’s knowledge, such provision is enforceable;
(xxiv) No Buydown Provisions; No Graduated Payments or Contingent Interests. The Mortgage Loan does not contain provisions pursuant to which Monthly Payments are paid or partially paid with funds deposited in any separate account established by the Seller, the Originator, the Mortgagor, or anyone on behalf of the Mortgagor, or paid by any source other than the Mortgagor nor does it contain any other similar provisions which may constitute a “buydown” provision. The Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan does not have a shared appreciation or other contingent interest feature;
(xxv) Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related 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 a first lien priority with respect to each Mortgage Loan which is indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan Schedule), by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;
(xxvi) Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property neither the Seller nor the Originator have knowledge of any such proceedings in the future;
(xxvii) Collection Practices; Escrow Deposits; Interest Rate Adjustments. The origination, servicing and collection practices used by the Servicer, the Seller, the Originator and any prior servicer with respect to the Mortgage Loan have been in all respects in compliance with Accepted Servicing Practices, applicable laws and regulations, and have been in all respects legal and proper and prudent in the mortgage origination and servicing business. With respect to escrow deposits and Escrow Payments (other than with respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage Loan and for which the mortgagee under the First Lien is collecting Escrow Payments (as reflected on the Mortgage Loan Schedule)), all such payments are in the possession of, or under the control of, the Servicer, the Seller or the Originator and there exist no deficiencies in connection therewith for which customary arrangements for repayment thereof have not been made. All Escrow Payments have been collected in full compliance with state and federal law and the provisions of the related Mortgage Note and Mortgage. An escrow of funds is not prohibited by applicable law and has been established in an amount sufficient to pay for every item that remains unpaid and has been assessed but is not yet due and payable. No escrow deposits or Escrow Payments or other charges or payments due the Seller have been capitalized under the Mortgage or the Mortgage Note. All Mortgage Interest Rate adjustments have been made in strict compliance with state and federal law and the terms of the related Mortgage and Mortgage Note on the related Interest Rate Adjustment Date. If, pursuant to the terms of the Mortgage Note, another index was selected for determining the Mortgage Interest Rate, the same index was used with respect to each Mortgage Note which required a new index to be selected, and such selection did not conflict with the terms of the related Mortgage Note. The Seller or the Originator executed and delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and the Monthly Payment adjustments. Any interest required to be paid pursuant to state, federal and local law has been properly paid and credited;
(xxviii) Other Insurance Policies. No action, inaction or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by the Seller or the Originator or by any officer, director, or employee of the Seller or the Originator or any designee of the Seller or the Originator or any corporation in which the Seller or the Originator or any officer, director, or employee had a financial interest at the time of placement of such insurance;
(xxix) No Violation of Environmental Laws. The Mortgaged Property is free from any and all toxic or hazardous substances and there exists no violation of any local, state or federal environmental law, rule or regulation. There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or
regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgage Property; and nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property;
(xxx) Servicemembers Civil Relief Act. The Mortgagor has not notified the Seller or the Servicer requesting relief under the Servicemembers Civil Relief Act, and neither the Seller nor the Servicer have knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers Civil Relief Act;
(xxxi) Appraisal. The Mortgage File contains an appraisal of the related Mortgaged Property which, (a) with respect to First Lien Mortgage Loans, was on appraisal form 1004 or form 2055 with an interior inspection, or (b) with respect to Second Lien Mortgage Loans, was on appraisal form 704, 2065 or 2055 with an exterior only inspection, and (c) with respect to (a) or (b) above, was made and signed, prior to the approval of the Mortgage Loan application, by a qualified appraiser, duly appointed by the Seller, who had no interest, direct or indirect in the Mortgaged Property or in any loan made on the security thereof, whose compensation is not affected by the approval or disapproval of the Mortgage Loan and who met the minimum qualifications of Xxxxxx Mae and Xxxxxxx Mac. Each appraisal of the Mortgage Loan was made in accordance with the relevant provisions of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989;
(xxxii) Disclosure Materials. The Mortgagor has executed a statement to the effect that the Mortgagor has received all disclosure materials required by, and the Originator has complied with, all applicable law with respect to the making of the Mortgage Loans. The Seller shall cause the Originator to maintain such statement in the Mortgage File;
(xxxiii) Construction or Rehabilitation of Mortgaged Property. No Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property or facilitating the trade-in or exchange of a Mortgaged Property;
(xxxiv) Value of Mortgaged Property. The Seller has no knowledge of any circumstances existing that could reasonably be expected to adversely affect the value or the marketability of any Mortgaged Property or Mortgage Loan or to cause the Mortgage Loans to prepay during any period materially faster or slower than similar mortgage loans held by the Seller generally secured by properties in the same geographic area as the related Mortgaged Property;
(xxxv) No Defense to Insurance Coverage. The Seller has caused or will cause to be performed any and all acts required to preserve the rights and remedies of the Purchaser in any insurance policies applicable to the Mortgage Loans including, without limitation, any necessary notifications of insurers, assignments of policies or interests therein, and establishments of coinsured, joint loss payee and mortgagee rights in favor of the Purchaser. No action has been taken or failed to be taken, no event has occurred and no state of facts exists or has existed on or prior to the related Closing Date (whether or not known to the Seller on or prior to such date) which has resulted or will result in an exclusion from, denial of, or defense to coverage under any primary mortgage insurance (including, without limitation, any exclusions,
denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud of the Seller, the Originator, the related Mortgagor or any party involved in the application for such coverage, including the appraisal, plans and specifications and other exhibits or documents submitted therewith to the insurer under such insurance policy, or for any other reason under such coverage, but not including the failure of such insurer to pay by reason of such insurer’s breach of such insurance policy or such insurer’s financial inability to pay;
(xxxvi) Escrow Analysis. With respect to each Mortgage, the Seller or the Originator has within the last twelve months (unless such Mortgage was originated within such twelve month period) analyzed the required Escrow Payments for each Mortgage and adjusted the amount of such payments so that, assuming all required payments are timely made, any deficiency will be eliminated on or before the first anniversary of such analysis, or any overage will be refunded to the Mortgagor, in accordance with RESPA and any other applicable law;
(xxxvii) Prior Servicing. Each Mortgage Loan has been serviced in all material respects in strict compliance with Accepted Servicing Practices and the Servicer has reported the Mortgagor credit files to each of the three credit repositories in a timely manner;
(xxxviii) Credit Information. As to each consumer report (as defined in the Fair Credit Reporting Act, Public Law 91-508) or other credit information furnished by the Seller or the Originator to the Purchaser, that Seller or the Originator, as applicable, has full right and authority and is not precluded by law or contract from furnishing such information to the Purchaser and the Purchaser is not precluded from furnishing the same to any subsequent or prospective purchaser of such Mortgage. The Seller and the Originator shall hold the Purchaser harmless from any and all damages, losses, costs and expenses (including attorney’s fees) arising from disclosure of credit information in connection with the Purchaser’s secondary marketing operations and the purchase and sale of mortgages or Servicing Rights thereto;
(xxxix) Leaseholds. Except with respect to Mortgage Loans secured by property located in the state of Hawaii, none of the Mortgage Loans are secured by mortgaged properties that are located on leaseholds. With respect to each Mortgage Loan secured by property located on leaseholds: (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 upo n 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 rent other than pre-established increases set forth in the lease; (4) the original term of such lease is not less than 15 years; (5) the term of such lease does not terminate earlier than ten years after the maturity date of the Mortgage Note; (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; (7) the lease is in full force and effect, unmodified and not supplemented by any writing or otherwise; (8) the mortgagor is not in default under any of the terms thereof and there are no circumstances which, with the passage of time or the giving of notice or both, would constitute an event of default thereunder; (9) the lessor under the lease is not in default under any of the terms or provisions thereof on the part of the lessor to be observed or performed; (10) the lease or a memorandum thereof has been recorded and by its terms permits the leasehold estate to be mortgaged; and (11) such Mortgage Loan conforms to the Xxxxxx Mae Selling Guide in connection ground leases.
(xl) Prepayment Penalty. Each Mortgage Loan is subject to a Prepayment Penalty as provided in the related Mortgage Note unless otherwise indicated on the Mortgage Loan Schedule hereof. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Penalty, such prepayment penalty does not extend beyond three years after the date of origination and no Mortgage Loan has a Prepayment Penalty period in excess of five years; Any such prepayment penalty is enforceable and was originated in compliance with all applicable federal, state, and local laws. With respect to any Mortgage Loan that contains a provision permitting imposition of a premium upon a prepayment prior to maturity: (i) prior to the loan’s origination, the Mortgagor agreed to such premium in exchange for a monetary benefit, including but not limited to a rate or fee reduction, (ii) prior to the loan’s origination, the Mortgagor was offered the option of obtaining a Mortgage Loan that did not require payment of such a premium, (iii) the prepayment premium is disclosed to the Mortgagor in the loan documents pursuant to applicable state and federal law, and (iv) notwithstanding any state or federal law to the contrary, the Company shall not impose such prepayment premium in any instance when the mortgage debt is accelerated as the result of the Mortgagor’s default in making the loan payments;
(xli) Predatory Lending Regulations. No Mortgage Loan is (a) subject to, covered by or in violation of the Home Ownership and Equity Protection Act of 1994 (“HOEPA”), (b) classified as a “high cost,” “covered,” “high risk home”, “high-rate, high-fee,” “threshold,” or “predatory” loan under HOEPA or any other applicable state, federal or local law, including any predatory or abusive lending laws (or a similarly classified loan using different terminology under a law imposing heightened scrutiny or additional legal liability for a residential mortgage loan having high interest rates, points and/or fees) (c) a High Cost Loan or Covered Loan, as applicable (as such terms are defined in the current Standard & Poor’s LEVELS® Glossary Revised, Appendix E) or (d) in violation of any state law or ordinance comparable to HOEPA;
(xlii) Single-premium Credit Life Insurance Policy. In connection with the origination of any Mortgage Loan, no proceeds from any Mortgage Loan were used to finance a single-premium credit life insurance policy;
(xliii) Tax Service Contract; Flood Certification Contract. Each Mortgage Loan is covered by a paid in full, life of loan tax service contract and a paid in full, life of loan flood certification contract and each of these contracts is assignable to the Purchaser;
(xliv) Qualified Mortgage. The Mortgage Loan is a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code;
(xlv) Regarding the Mortgagor. The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Xxxxxx Xxx guidelines for such trusts;
(xlvi) Recordation. Each original Mortgage was recorded and all subsequent assignments of the original Mortgage (other than the assignment to the Purchaser) have been recorded in the appropriate jurisdictions wherein such recordation is necessary to perfect the lien thereof as against creditors of the Seller, the Originator, or is in the process of being recorded. The Assignment of Mortgage is in recordable form and is acceptable for recording in the jurisdiction in which the Mortgaged Property is located;
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(xlvii) |
FICO Scores. Each Mortgagor has a non-zero FICO score; |
(xlviii) Compliance with Anti-Money Laundering Laws. The Seller and the Servicer have complied with all applicable anti-money laundering laws and regulations, including without limitation the USA Patriot Act of 2001 (collectively, the “Anti-Money Laundering Laws”); the Seller or the Servicer has established an anti-money laundering compliance program as required by the Anti-Money Laundering Laws, has conducted the requisite due diligence in connection with the origination of each Mortgage Loan for purposes of the Anti-Money Laundering Laws, including with respect to the legitimacy of the applicable Mortgagor and the origin of the assets used by the said Mortgagor to purchase the property in question, and maintains, and will maintain, sufficient information to identify the applicable Mortgagor for purposes of the Anti-Money Laundering Laws. No Mortgage Loan is subject to nullification pursuant to Executive Order 13224 (the “Executive Order”) or the regulations promulgated by the Office of Foreign Assets Control of the United States Department of the Treasury (the “OFAC Regulations”) or in violation of the Executive Order or the OFAC Regulations, and no Mortgagor is subject to the provisions of such Executive Order or the OFAC Regulations nor listed as a “blocked person” for purposes of the OFAC Regulations;
(xlix) Interest Calculation. Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;
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(l) |
No Balloon Loans. No Mortgage Loan is a balloon loan; |
(li) Credit Reporting. With respect to each Mortgage Loan, the Servicer has fully and accurately furnished complete information on the related borrower credit files to Equifax, Experian and Trans Union Credit Information Company, in accordance with the Fair Credit Reporting Act and its implementing regulations;
(lii) No Mortgage Loan is a “High Cost Home Loan” as defined in the Georgia Fair Lending Act, as amended (the “Georgia Act”) or New York Banking Law 6-1. No Mortgage Loan secured by owner occupied real property or an owner occupied manufactured home located in the State of Georgia was originated (or modified) on or after October 1, 2002 through and including March 6, 2003;
(liii) No Mortgage Loan is a “High-Cost Home Loan,” as defined in Section 6-1 of the New York State Banking Law;
(liv) No Mortgagor was encouraged or required to select a Mortgage Loan product offered by the Mortgage Loan’s originator which is a higher cost product designed for less creditworthy borrowers, unless at the time of the Mortgage Loan’s origination, such Mortgagor did not qualify taking into account credit history and debt to income ratios for a lower cost credit product then offered by the Mortgage Loan’s originator or any affiliate of the Mortgage Loan’s originator. If, at the time of loan application, the Mortgagor may have qualified for a for a lower cost credit product then offered by any mortgage lending affiliate of the Mortgage Loan’s originator, the Mortgage Loan’s originator referred the Mortgagor’s application to such affiliate for underwriting consideration;
(lv) The methodology used in underwriting the extension of credit for each Mortgage Loan employs objective mathematical principles which relate the Mortgagor’s income, assets and liabilities to the proposed payment and such underwriting methodology does not rely on the extent of the Mortgagor’s equity in the collateral as the principal determining factor in approving such credit extension. Such underwriting methodology confirmed that at the time of origination (application/approval) the Mortgagor had a reasonable ability to make timely payments on the Mortgage Loan;
(lvi) All fees and charges (including finance charges) and whether or not financed, assessed, collected or to be collected in connection with the origination and servicing of each Loan have been disclosed in writing to the Mortgagor in accordance with applicable state and federal law and regulation;
(lvii) All points and fees related to each Mortgage Loan were disclosed in writing to the related Mortgagor in accordance with applicable state and federal law and regulation;
(lviii) The Servicer will transmit full-file credit reporting data for each Mortgage Loan pursuant to Xxxxxx Xxx Guide Announcement 95-19 and for each Mortgage Loan, Servicer agrees it shall report one of the following statuses each month as follows: new origination, current, delinquent (30-, 60-, 90-days, etc.), foreclosed, or charged-off;
(lix) No Mortgage Loan is a “High Cost Home Loan” as defined in the Arkansas Home Loan Protection Act effective July 16, 2003 (Act 1340 or 2003);
(lx) No Mortgage Loan is a “High Cost Home Loan” as defined in the Kentucky high-cost loan statute effective June 24, 2003 (Ky. Rev. Stat. Section 360.100);
(lxi) No Mortgage Loan secured by property located in the State of Nevada is a “home loan” as defined in the Nevada Assembly Xxxx No. 284;
(lxii) No Mortgage Loan originated in the City of Oakland is subject to the City of Oakland, California Ordinance 12361, as a home loan;
(lxiii) No Mortgage Loan is a subsection 10 mortgage under the Oklahoma Home Ownership and Equity Protection Act;
(lxiv) No Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk Home
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Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.); |
(lxvi) No Mortgage Loan is a “High-Cost Home Loan” as defined in the New Mexico Home Loan Protection Act effective January 1, 2004 (N.M. Stat. Xxx. §§ 58-21A-1 et seq.);
(lxvii) No Mortgage Loan is a “High-Cost Home Loan” under the New Jersey Home Ownership Security Act of 2002 (the “NJ Act”); and each Mortgage Loan subject to the NJ Act is considered under the NJ Act as, either, a (1) purchase money Home Loan, (2) purchase money Covered Loan, or (3) a rate/term refinance Home Loan;
(lxviii) No Mortgage Loan originated in the city of Los Angeles, California on or after the effective date of the Los Angeles, California anti-predatory lending ordinance is a “home loan” under such ordinance;
(lxix) No Mortgage Loan that is secured by property located within the State of Maine meets the definition of a (i) “high-rate, high-fee” mortgage loan under Article VIII, Title 9-A of the Maine Consumer Credit Code No Mortgage Loan or (ii) “High-Cost Home Loan” as defined under the Maine House Xxxx 383 X.X. 494, effective as of September 13, 2003;
(lxx) No Mortgagor agreed to submit to arbitration to resolve any dispute arising out of or relating in any way to the Mortgage Loan transaction;
(lxxi) As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located;
(lxxii) With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded;
(lxxiii) With respect to each MERS Mortgage Loan, neither the Seller nor the Servicer has received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS;
(lxxiv) Each Loan is eligible for sale in the secondary mortgage market or for securitization without unreasonable credit enhancement;
(lxxv) With respect to each Mortgage Loan which is a Second Lien, (i) the related first lien does not provide for negative amortization, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File;
(lxxvi) With respect to any Mortgage Loan for which a mortgage loan application was submitted by the Mortgagor after April 1, 2004, no such Mortgage Loan secured by Mortgaged Property in the State of Illinois which has a Mortgage Interest Rate in excess of 8.0% per annum has lender-imposed fees (or other charges) in excess of 3.0% of the original principal balance of the Mortgage Loan;
(lxxvii) The Mortgagor has not made or caused to be made any payment in the nature of an ‘average’ or ‘yield spread premium’ to a mortgage broker or a like Person which has not been fully disclosed to the Mortgagor;
(lxxviii) No Mortgage Loan is a “High-Cost Home Mortgage Loan” as defined in the Massachusetts Predatory Home Loan Practices Act, effective November 6, 2004 (Mass. Xxx. Laws Ch. 183C); and
(lxxix) No predatory or deceptive lending practices, including but not limited to, the extension of credit to the applicable Mortgagor without regard for said Mortgagor's ability to repay the Mortgage Loan and the extension of credit to said Mortgagor which has no apparent benefit to said Mortgagor, were employed by the originator of the Mortgage Loan in connection with the origination of the Mortgage Loan.
SECTION 7. Repurchase Obligation for Defective Documentation and for Breach of Representation and Warranty.
(a) The representations and warranties contained in Section 6 shall not be impaired by any review and examination of loan files or other documents evidencing or relating to the Mortgage Loans or any failure on the part of the Seller or the Purchaser to review or examine such documents and shall inure to the benefit of any assignee, transferee or designee of the Purchaser, including the Trustee for the benefit of holders of the Certificates.
With respect to the representations and warranties contained herein that are made to the knowledge or the best knowledge of the Seller or as to which the Seller has no knowledge, if it is discovered that the substance of any such representation and warranty is inaccurate and the inaccuracy materially and adversely affects the value of the related Mortgage Loan, or the interest therein of the Purchaser or the Purchaser's assignee, designee or transferee, then notwithstanding the Seller's lack of knowledge with respect to the substance of such representation and warranty being inaccurate at the time the representation and warranty was made, such inaccuracy shall be deemed a breach of the applicable representation and warranty and the Seller shall take such action described in the following paragraphs of this Section 7(a) in respect of such Mortgage Loan. Upon discovery by the Seller, the Purchaser or any assignee, transferee or designee of the Purchaser of any materially defective document in, or that any material document was not transferred by the Seller (as listed on the Trustee's Initial Certification) as part of any Mortgage File, or of a breach of any of the representations and warranties contained in Section 6 that materially and adversely affects the value of any Mortgage Loan or the interest therein of the Purchaser or the Purchaser's assignee, transferee or designee, the party discovering such breach shall give prompt written notice to NC Capital and the Seller. Within sixty (60) days of its discovery or its receipt of notice of any such missing documentation that was not transferred by the Seller as described above, or of materially defective
documentation, or of any such breach of a representation and warranty, NC Capital or the Seller, as applicable, promptly shall deliver such missing document or cure such defect or breach in all material respects or, in the event NC Capital or the Seller, as applicable, cannot deliver such missing document or cannot cure such defect or breach, NC Capital or the Seller, as applicable, shall, within ninety (90) days of its discovery or receipt of notice, either (i) repurchase the affected Mortgage Loan at the Purchase Price (as defined in the Pooling and Servicing Agreement) or (ii) pursuant to the provisions of the Pooling and Servicing Agreement, cause the removal of such Mortgage Loan from the Trust Fund and substitute one or more Qualified Substitute Mortgage Loans. NC Capital or the Seller, as applicable, shall amend the Closing Schedule to reflect the withdrawal of such Mortgage Loan from the terms of this Agreement and the Pooling and Servicing Agreement. NC Capital or the Seller, as applicable, shall deliver to the Purchaser such amended Closing Schedule and shall deliver such other documents as are required by this Agreement or the Pooling and Servicing Agreement within five (5) days of any such amendment. Any repurchase pursuant to this Section 7(a) shall be accomplished by transfer to an account designated by the Purchaser of the amount of the Purchase Price in accordance with Section 2.03 of the Pooling and Servicing Agreement. Any repurchase required by this Section shall be made in a manner consistent with Section 2.03 of the Pooling and Servicing Agreement.
Notwithstanding the foregoing, to the extent a representation or warranty of the Seller regarding the Mortgage Loans has been breached and the circumstance constituting the breach also constitutes a breach of a like representation or warranty given by NC Capital as of an earlier date, the Purchaser's remedy hereunder shall be solely against NC Capital and not the Seller.
Notwithstanding the foregoing, within ninety (90) days of the earlier of discovery by NC Capital or receipt of notice by NC Capital of the breach of the representation of NC Capital set forth in Section 7.02(xlvi) of the Master Agreement (attached as Exhibit A to the Master Agreement) which materially and adversely affects the interests of the Holders of the Class P Certificates in any Prepayment Charge, NC Capital shall pay the amount of the scheduled Prepayment Charge, for the benefit of the Holders of the Class P Certificates, by remitting such amount to the Servicer for deposit into the Collection Account, net of any amount previously collected by the Servicer or paid by the Servicer, for the benefit of the Holders of the Class P Certificates in respect of such Prepayment Charge.
(b) NC Capital hereby agrees that, in the event that any Mortgage Loan prepays in full on or prior to the date which is ninety (90) days following the date on which the related Mortgage Loan was purchased from NC Capital by the Seller pursuant to the Master Agreement, NC Capital will pay to the Seller, with respect to each Mortgage Loan repurchased, an amount (such amount, a “Repurchase Premium”) equal to the product of (a) the excess of the Purchase Price percentage paid by the Seller to NC Capital pursuant to the Master Agreement over 100% and (b) the Stated Principal Balance of such Mortgage Loan as of the date of such prepayment in full; provided, that, the amount reimbursed to the Seller shall be reduced by the amount of any Prepayment Charges that are legally enforceable with respect to such Mortgage Loan.
(c) It is understood and agreed that the obligations of NC Capital or the Seller, as applicable, set forth in this Section 7 to cure or repurchase a defective Mortgage Loan, constitute the sole remedies of the Purchaser against NC Capital or the Seller, as applicable, respecting a missing document or a breach of the representations and warranties contained in Section 6.
SECTION 8. Closing; Payment for the Mortgage Loans. The closing of the purchase and sale of the Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx LLP at 10:00 a.m. New York City time on the Closing Date.
The closing shall be subject to each of the following conditions:
(a) All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement;
(b) All of the representations and warranties of NC Capital under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement;
(c) The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof;
(d) The Seller shall have delivered or caused to be delivered and released to the Purchaser or to its designee all documents (including, without limitation, the Mortgage Loans) required to be so delivered by the Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and
(e) All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with.
Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Date, against delivery and release by the Seller to the Trustee of all documents required pursuant to the Pooling and Servicing Agreement, the Mortgage Loan Purchase Price for the Mortgage Loans as specified in Section 3 of this Agreement.
SECTION 9. Closing Documents. Without limiting the generality of Section 8 hereof, the closing shall be subject to delivery of each of the following documents:
(a) A Secretary's Certificate of the Seller, dated the Closing Date, in form satisfactory to and upon which NC Capital, the Purchaser and UBS Securities LLC (the
“Underwriter”) may rely, and attached thereto copies of the certificate of incorporation, by-laws and certificate of good standing of the Seller under the laws of Delaware;
(b) An Opinion of Counsel of the Seller, dated the Closing Date, in form satisfactory to and addressed to the Underwriter;
(c) An Officer's Certificate of NC Capital, dated the Closing Date, in form satisfactory to and upon which the Seller, the Purchaser and the Underwriter may rely, and attached thereto copies of the certificate of incorporation, by-laws and certificate of good standing of NC Capital under the laws of its state of incorporation;
(d) An opinion of Counsel of NC Capital, dated the Closing Date, in form satisfactory to and addressed to the Underwriter;
(e) Such opinions of counsel as the Rating Agencies or the Trustee may request in connection with the sale of the Mortgage Loans by the Seller to the Purchaser or the Seller's execution and delivery of, or performance under, this Agreement;
(f) A letter from Deloitte & Touche LLP, certified public accountants, to the effect that they have performed certain specified procedures as a result of which they determined that certain information of an accounting, financial or statistical nature set forth in the Prospectus Supplement, contained under the captions “Summary—Mortgage Loans,” “Risk Factors,” (to the extent of information concerning the Mortgage Loans contained therein) and “Description of the Mortgage Loans” agrees with the records of NC Capital;
(g) Such further information, certificates, opinions and documents as the Purchaser or the Underwriter may reasonably request.
SECTION 10. Costs. The Seller shall pay (or shall reimburse the Purchaser or any other Person to the extent that the Purchaser or such other Person shall pay) the fees and expenses of the Seller's accountants and attorneys and the costs and expenses incurred in connection with obtaining the documents referred to in Sections 9(a), 9(b), 9(e) and 9(f), the costs and expenses of printing (or otherwise reproducing) and delivering this Agreement, the Pooling and Servicing Agreement, the Certificates, the prospectus and Prospectus Supplement, and any private placement memorandum relating to the Certificates and other related documents, the initial fees, costs and expenses of the Trustee, the fees and expenses of the Purchaser's counsel in connection with the preparation of all documents relating to the securitization of the Mortgage Loans, the filing fee charged by the Securities and Exchange Commission for registration of the Certificates and the fees charged by any Rating Agency to rate the Certificates. All other costs and expenses in connection with the transactions contemplated hereunder shall be borne by the party incurring such expense.
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Section 11. |
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SECTION 12. Indemnification. NC Capital shall indemnify and hold harmless each of (i) the Purchaser, (ii) the Underwriter, (iii) the Person, if any, to which the Purchaser assigns its rights in and to a Mortgage Loan and each of their respective successors and assigns and (iv) each person, if any, who controls the Purchaser within the meaning of Section 15 of the
Securities Act of 1933, as amended (the “1933 Act”) ((i) through (iv) collectively, the “Indemnified Party”) against any and all losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject, under the 1933 Act or otherwise, insofar as such losses, claims, expenses, damages or liabilities (or actions in respect thereof) arise out of or are based upon (a) any untrue statement or alleged untrue statement of any material fact contained in the Prospectus Supplement under the caption “The Originator—Underwriting Standards of the Originator” (such information, the “New Century Information”), or the omission or the alleged omission by the Originator to state therein the material fact necessary in order to make the statements therein not misleading and, with respect to any private placement memorandum, computational material, marketing material or any information provided by the Underwriter to a purchaser of the Certificates, any information of a comparable nature, or (ii) the data files containing information with respect to the Mortgage Loans as transmitted by modem to the Purchaser by NC Capital or any of its affiliates (as such transmitted information may have been amended in writing by NC Capital or any of its affiliates with the written consent of the Purchaser subsequent to such transmission) or any data that was correctly and accurately derived therefrom (it being understood that NC Capital shall have no liability hereunder resulting from the aggregation or manipulation by the Seller or any Affiliate thereof of information in the Prospectus Supplement derived from information in the Mortgage Loan Schedule that is otherwise accurate information) or (b) any representation, warranty or covenant made by NC Capital or any affiliate of NC Capital herein on which the Purchaser has relied, being, or alleged to be, untrue or incorrect; provided, however, that to the extent that any such losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject arise out of or are based upon both (1) statements, omissions, representations, warranties or covenants of the Originator or NC Capital described in clause (a) or (b) above and (2) any other factual basis, NC Capital shall indemnify and hold harmless the Indemnified Party only to the extent that the losses, claims, expenses, damages, or liabilities of the person or persons asserting the claim are determined to rise from or be based upon matters set forth in clause (1) above and do not result from the gross negligence or willful misconduct of such Indemnified Party. This indemnity shall be in addition to any liability that NC Capital may otherwise have.
SECTION 13. Mandatory Delivery; Grant of Security Interest. The sale and delivery on the Closing Date of the Mortgage Loans described on the Mortgage Loan Schedule in accordance with the terms and conditions of this Agreement is mandatory. It is specifically understood and agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate the Purchaser for the losses and damages incurred by the Purchaser in the event of the Seller's failure to deliver the Mortgage Loans on or before the Closing Date. The Seller hereby grants to the Purchaser a lien on and a continuing security interest in the Seller's interest in each Mortgage Loan and each document and instrument evidencing each such Mortgage Loan to secure the performance by the Seller of its obligation hereunder, and the Seller agrees that it holds such Mortgage Loans in custody for the Purchaser, subject to the Purchaser's (i) right, prior to the Closing Date, to reject any Mortgage Loan to the extent permitted by this Agreement, and (ii) obligation to deliver or cause to be delivered the consideration for the Mortgage Loans pursuant to Section 8 hereof. Any Mortgage Loans rejected by the Purchaser shall concurrently therewith be released from the security interest created hereby. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or
afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.
Notwithstanding the foregoing, if on the Closing Date, each of the conditions set forth in Section 8 hereof shall have been satisfied and the Purchaser shall not have paid or caused to be paid the Mortgage Loan Purchase Price, or any such condition shall not have been waived or satisfied and the Purchaser determines not to pay or cause to be paid the Mortgage Loan Purchase Price, the Purchaser shall immediately effect the re-delivery of the Mortgage Loans, if delivery to the Purchaser has occurred, and the security interest created by this Section 13 shall be deemed to have been released.
SECTION 14. Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered to or mailed by registered mail, postage prepaid, or transmitted by fax and, receipt of which is confirmed by telephone, if to the Purchaser, addressed to the Purchaser at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, facsimile number (000) 000-0000, Attention: Xxxxx XxXxxxxx, or such other address as may hereafter be furnished to the Seller and NC Capital in writing by the Purchaser; if to the Seller, addressed to the Seller at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, facsimile number (000) 000-0000, Attention: Xxxxx XxXxxxxx, or to such other address as the Seller may designate in writing to the Purchaser and NC Capital; and if to NC Capital, addressed to NC Capital Corporation at 00000 Xxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxxxx 00000, facsimile number (000) 000-0000, Attention: Xxxxx Xxxxx, or such other address as may hereafter be furnished to the Seller and the Purchaser in writing by NC Capital.
SECTION 15. Severability of Provisions. Any part, provision, representation or warranty of this Agreement that is prohibited or that is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement that is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof.
SECTION 16. Agreement of Parties. NC Capital, the Seller and the Purchaser each agree to execute and deliver such instruments and take such actions as either of the others may, from time to time, reasonably request in order to effectuate the purpose and to carry out the terms of this Agreement and the Pooling and Servicing Agreement.
SECTION 17. Survival. (a) The Seller agrees that the representations, warranties and agreements made by it herein and in any certificate or other instrument delivered pursuant hereto shall be deemed to be relied upon by the Purchaser, notwithstanding any investigation heretofore or hereafter made by the Purchaser or on its behalf, and that the representations, warranties and agreements made by the Seller herein or in any such certificate or other instrument shall survive the delivery of and payment for the Mortgage Loans and shall
continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Pooling and Servicing Agreement or the Trust Fund; and (b) NC Capital agrees that the representations, warranties and agreements made by it herein and in any certificate or other instrument delivered pursuant hereto shall be deemed to be relied upon by the Seller and the Purchaser notwithstanding any investigation heretofore or hereafter made by the Seller or the Purchaser or on the behalf of either of them, and that the representations, warranties and agreements made by NC Capital herein or in any such certificate shall continue in full force and effect, notwithstanding subsequent termination of this Agreement, the Pooling and Servicing Agreement or the Trust Fund.
SECTION 18. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS (OTHER THAN THE CHOICE OF LAW PROVISIONS THEREIN) AND DECISIONS OF THE STATE OF NEW YORK. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.
SECTION 19. Miscellaneous. This Agreement may be executed in two or more counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one and the same instrument. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. This Agreement supersedes all prior agreements and understandings relating to the subject matter hereof. Neither this Agreement nor any term hereof may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against whom enforcement of the change, waiver, discharge or termination is sought. The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Seller to the Purchaser as provided in Section 4 hereof be, and be construed as, a sale of the Mortgage Loans by the Seller to the Purchaser and not as a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller. However, in the event that, notwithstanding the aforementioned intent of the parties, the Mortgage Loans are held to be property of the Seller, then (a) it is the express intent of the parties that such conveyance be deemed a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller and (b) (1) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code; (2) the conveyance provided for in Section 4 hereof shall be deemed to be a grant by the Seller to the Purchaser of a security interest in all of the Seller's right, title and interest in and to the Mortgage Loans and all amounts payable to the holders of the Mortgage Loans in accordance with the terms thereof and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts, other than investment earnings, from time to time held or invested in the Collection Account whether in the form of cash, instruments, securities or other property; (3) the possession by the Purchaser or its agent of Mortgage Notes, the related
Mortgages and such other items of property that constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession” by the secured party for purposes of perfecting the security interest pursuant to the New York Uniform Commercial Code; and (4) notifications to persons holding such property and acknowledgments, receipts or confirmations from persons holding such property shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Purchaser for the purpose of perfecting such security interest under applicable law. Any assignment of the interest of the Purchaser pursuant to Section 4(d) hereof shall also be deemed to be an assignment of any security interest created hereby. The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement and the Pooling and Servicing Agreement.
The NIMS Insurer, if any, shall be a third party beneficiary hereof and may enforce the terms hereof as if a party hereto.
IN WITNESS WHEREOF, NC Capital, the Purchaser and the Seller have caused their names to be signed by their respective officers thereunto duly authorized as of the date first above written.
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MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. | |
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UBS REAL ESTATE SECURITIES INC. | |
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EXHIBIT E
REQUEST FOR RELEASE
OF DOCUMENTS
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U.S. Bank National Association |
0000 Xxxxxx Xxxxxx, Xxxxx 000
Xx. Xxxx, XX 00000
Attn: Document Collateral Services / MASTR 2005-NC2
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Re: |
Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Ocwen Loan Servicing, LLC and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-NC2 |
In connection with the administration of the Mortgage Loans held by you as Trustee pursuant to the above-captioned Pooling and Servicing Agreement, we request the release, and hereby acknowledge receipt of the Trustee's Mortgage File Or the Mortgage Loan described below, for the reason indicated.
In addition, all amounts have been received in connection with such payment, repurchase or liquidation and have been credited to the related Collection Account.
Mortgage Loan Number:
Mortgagor Name. Address & Zip Code:
Reason for Requesting Documents (check one):
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Mortgage Paid in Full ____ |
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Foreclosure ____ |
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Substitution ____ |
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Other Liquidation (Repurchases, etc.) ____ |
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Nonliquidation Reason: ______________________________________________ |
Address to which Trustee should deliver
the Trustee's Mortgage File:
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Trustee
U.S. Bank National Association
Please acknowledge the execution of the above request by your signature and date below:
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EXHIBIT F-1
FORM OF TRANSFEROR REPRESENTATION LETTER
[Date]
U.S. Bank National Association
00 Xxxxxxxxxx Xxxxxx
XX-XX-XX0X
Xx. Xxxx, XX 00000
Attn: Transfer Unit / MASTR 2005-NC2
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MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates, Class ___, representing a ___% Class ___ Percentage Interest |
Ladies and Gentlemen:
In connection with the transfer by ________________ (the “Transferor”) to ________________ (the “Transferee”) of the captioned mortgage pass-through certificates (the “Certificates”), the Transferor hereby certifies as follows:
Neither the Transferor nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, (e) has taken any other action, that (in the case of each of subclauses (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933, as amended (the “1933 Act”), or would render the disposition of any Certificate a violation of Section 5 of the 1933 Act or any state securities law or would require registration or qualification pursuant thereto. The Transferor will not act, nor has it authorized or will it authorize any person to act, in any manner set forth in the foregoing sentence with respect to any Certificate. The Transferor will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of that certain Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Ocwen Loan Servicing, LLC as Servicer and U.S. Bank National Association as Trustee (the “Pooling and Servicing Agreement”), pursuant to which Pooling and Servicing Agreement the Certificates were issued.
Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.
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FORM OF TRANSFEREE REPRESENTATION LETTER
[Date]
U.S. Bank National Association
00 Xxxxxxxxxx Xxxxxx
XX-XX-XX0X
Xx. Xxxx, XX 00000
Attn: Transfer Unit / MASTR 2005-NC2
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MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates, Class ___, representing a ___% Class ___ Percentage Interest |
Ladies and Gentlemen:
In connection with the purchase from ______________________ (the “Transferor”) on the date hereof of the captioned trust certificates (the “Certificates”), _______________ (the “Transferee”) hereby certifies as follows:
1. The Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A (“Rule 144A”) under the Securities Act of 1933 (the “1933 Act”) and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Transferee is aware that the sale to it is being made in reliance on Rule 144A. The Transferee is acquiring the Certificates for its own account or for the account of a qualified institutional buyer, and understands that such Certificate may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act.
2. The Transferee has been furnished with all information regarding (a) the Certificates and distributions thereon, (b) the nature, performance and servicing of the Mortgage Loans, (c) the Pooling and Servicing Agreement referred to below, and (d) any credit enhancement mechanism associated with the Certificates, that it has requested.
All capitalized terms used but not otherwise defined herein have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Ocwen Loan Servicing, LLC as Servicer and U.S. Bank National Association as Trustee, pursuant to which the Certificates were issued.
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ANNEX 1 TO EXHIBIT F-1
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[FOR TRANSFEREES OTHER THAN REGISTERED INVESTMENT COMPANIES]
The undersigned hereby certifies as follows to [name of Transferor] (the “Transferor”) and U.S. Bank National Association, as Trustee, with respect to the mortgage pass-through certificates (the “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 President, Chief Financial Officer, Senior Vice President or other executive officer of the entity purchasing the Certificates (the “Transferee”).
2. In connection with purchases by the Transferee, the Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because (i) the Transferee owned and/or invested on a discretionary basis $______________________ in securities (except for 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.
___ 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 banking institution organized under the laws of any State, 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.
___ 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 institution and (b) has an audited net worth of at least
_________________________
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. $25,000,000 as demonstrated in its latest annual financial statements, A COPY OF WHICH IS ATTACHED HERETO.
___ BROKER-DEALER. The Transferee is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934.
___ 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, 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.
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) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iv) bank deposit notes and certificates of deposit, (v) loan participations, (vi) repurchase agreements, (vii) securities owned but subject to a repurchase agreement and (viii) currency, interest rate and commodity swaps.
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 and did not include any of the securities referred to in the preceding paragraph. 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.
5. The Transferee acknowledges that it is familiar with Rule 144A and understands that the Transferor and other parties related to the 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 Certificates |
Yes |
No |
only for the Transferee's own account? |
6. If the answer to the foregoing question is “no”, the Transferee agrees that, in connection with any purchase of securities sold to the Transferee for the account of a third party (including any separate account) in reliance on Rule 144A, the Transferee will only purchase for
the account of a third party that at the time is a “qualified institutional buyer” within the meaning of Rule 144A. In addition, the Transferee agrees that the Transferee will not purchase securities for a third party unless the Transferee has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of “qualified institutional buyer” set forth in 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 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 updated annual financial statements promptly after they become available.
Dated: ___________
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Print Name of Transferee | |
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Title: |
ANNEX 2 TO EXHIBIT F-1
QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A
[FOR TRANSFEREES THAT ARE REGISTERED INVESTMENT COMPANIES]
The undersigned hereby certifies as follows to [name of Transferor] (the “Transferor”) and U.S. Bank National Association, as Trustee, with respect to the mortgage pass- through certificates (the “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 President, Chief Financial Officer or Senior Vice President of the entity purchasing the Certificates (the “Transferee”) or, if the Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because the Transferee is part of a Family of Investment Companies (as defined below), is such an officer of the investment adviser (the “Adviser”).
2. In connection with purchases by the Transferee, 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, 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.
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____ |
The Transferee owned $___________________ 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). |
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____ |
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) securities issued or guaranteed by the U.S. or any instrumentality thereof, (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.
5. The Transferee is familiar with Rule 144A and understands that the parties to which this certification is being made 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. In addition, the Transferee will only purchase for the Transferee's own account.
6. 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 Certificates will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase.
Dated: __________
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Print Name of Transferee or Advisor | |
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Title: | |
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IF AN ADVISER: | |
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Print Name of Transferee | |
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By: |
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Title: |
FORM OF TRANSFEREE REPRESENTATION LETTER
The undersigned hereby certifies on behalf of the purchaser named below (the “Purchaser”) as follows:
1. I am an executive officer of the Purchaser.
2. The Purchaser is a “qualified institutional buyer”, as defined in Rule 144A, (“Rule 144A”) under the Securities Act of 1933, as amended.
3. As of the date specified below (which is not earlier than the last day of the Purchaser's most recent fiscal year), the amount of “securities”, computed for purposes of Rule 144A, owned and invested on a discretionary basis by the Purchaser was in excess of $100,000,000.
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Name of Purchaser | |
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By: |
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Name: | |
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Title: |
Date of this certificate: ______________
Date of information provided in paragraph 3: ______________
EXHIBIT F-2
FORM OF TRANSFER AFFIDAVIT AND AGREEMENT
STATE OF NEW YORK |
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ss.: |
COUNTY OF NEW YORK |
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__________________________, being duly sworn, deposes, represents and warrants as follows:
1. I am a ______________________ of ____________________________ (the “Owner”) a corporation duly organized and existing under the laws of ______________, the record owner of MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates, Class [R][R-X] Certificates, (the “Residual Certificates”), on behalf of whom I make this affidavit and agreement. Capitalized terms used but not defined herein
have the respective meanings assigned thereto in the Pooling and Servicing Agreement pursuant to which the Residual Certificates were issued.
2. The Owner (i) is and will be a “Permitted Transferee” as of ____________, 20__ and (ii) is acquiring the Residual Certificates for its own account or for the account of another Owner from which it has received an affidavit in substantially the same form as this affidavit. A “Permitted Transferee” is any person other than a “disqualified organization” or a possession of the United States. For this purpose, a “disqualified organization” means the United States, any state or political subdivision thereof, any agency or instrumentality of any of the foregoing (other than an instrumentality all of the activities of which are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of whose board of directors is not selected by any such governmental entity) or any foreign government, international organization or any agency or instrumentality of such foreign government or organization, any rural electric or telephone cooperative, or any organization (other than certain farmers' cooperatives) that is generally exempt from federal income tax unless such organization is subject to the tax on unrelated business taxable income.
3. The Owner is aware (i) of the tax that would be imposed on transfers of the Residual Certificates to disqualified organizations under the Internal Revenue Code of 1986 that applies to all transfers of the Residual Certificates after March 31, 1988; (ii) that such tax would be on the transferor or, if such transfer is through an agent (which person includes a broker, nominee or middleman) for a non-Permitted Transferee, on the agent; (iii) that the person otherwise liable for the tax shall be relieved of liability for the tax if the transferee furnishes to such person an affidavit that the transferee is a Permitted Transferee and, at the time of transfer, such person does not have actual knowledge that the affidavit is false; and (iv) that each of the Residual Certificates may be a “noneconomic residual interest” within the meaning of proposed Treasury regulations promulgated under 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 is to impede the assessment or collection of tax.
4. The Owner is aware of the tax imposed on a “pass-through entity” holding the Residual Certificates if, at any time during the taxable year of the pass-through entity, a non-Permitted Transferee is the record holder of an interest in such entity. (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.)
5. The Owner is aware that the Trustee will not register the transfer of any Residual Certificate unless the transferee, or the transferee's agent, delivers to the Trustee, among other things, an affidavit in substantially the same form as this affidavit. The Owner expressly agrees that it will not consummate any such transfer if it knows or believes that any of the representations contained in such affidavit and agreement are false.
6. The Owner consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute a reasonable arrangement to
ensure that the Residual Certificates will only be owned, directly or indirectly, by an Owner that is a Permitted Transferee.
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7. |
The Owner's taxpayer identification number is _________________. |
8. The Owner has reviewed the restrictions set forth on the face of the Residual Certificates and the provisions of Section 5.02(d) of the Pooling and Servicing Agreement under which the Residual Certificates were issued (in particular, clauses (iii)(A) and (iii)(B) of Section 5.02(d) which authorize the Trustee to deliver payments to a person other than the Owner and negotiate a mandatory sale by the Trustee in the event that the Owner holds such Certificate in violation of Section 5.02(d)); and that the Owner expressly agrees to be bound by and to comply with such restrictions and provisions.
9. The Owner is not acquiring and will not transfer the Residual Certificates in order to impede the assessment or collection of any tax.
10. The Owner anticipates that it will, so long as it holds the Residual Certificates, have sufficient assets to pay any taxes owed by the holder of such Residual Certificates, and hereby represents to and for the benefit of the person from whom it acquired the Residual Certificates that the Owner intends to pay taxes associated with holding such Residual Certificates as they become due, fully understanding that it may incur tax liabilities in excess of any cash flows generated by the Residual Certificates.
11. The Owner has no present knowledge that it may become insolvent or subject to a bankruptcy proceeding for so long as it holds the Residual Certificates.
12. The Owner has no present knowledge or expectation that it will be unable to pay any United States taxes owed by it so long as any of the Certificates remain outstanding.
13. The Owner is not acquiring the Residual Certificates with the intent to transfer the Residual Certificates to any person or entity that will not have sufficient assets to pay any taxes owed by the holder of such Residual Certificates, or that may become insolvent or subject to a bankruptcy proceeding, for so long as the Residual Certificates remain outstanding.
14. The Owner will, in connection with any transfer that it makes of the Residual Certificates, obtain from its transferee the representations required by Section 5.02(d) of the Pooling and Servicing Agreement under which the Residual Certificate were issued and will not consummate any such transfer if it knows, or knows facts that should lead it to believe, that any such representations are false.
15. The Owner will, in connection with any transfer that it makes of the Residual Certificates, deliver to the Trustee an affidavit, which represents and warrants that it is not transferring the Residual Certificates to impede the assessment or collection of any tax and that it has no actual knowledge that the proposed transferee: (i) has insufficient assets to pay any taxes owed by such transferee as holder of the Residual Certificates; (ii) may become insolvent
or subject to a bankruptcy proceeding for so long as the Residual Certificates remains outstanding; and (iii) is not a “Permitted Transferee”.
16. The Owner is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States or any political subdivision thereof, or an estate or trust whose income from sources without the United States may be included in gross income for United States federal income tax purposes regardless of its connection with the conduct of a trade or business within the United States.
17. The Owner of the Residual Certificate, hereby agrees that in the event that the Trust Fund created by the Pooling and Servicing Agreement is terminated pursuant to Section 9.01 thereof, the undersigned shall assign and transfer to the Holders of the Class CE Certificates (with respect to a termination of REMIC I) any amounts in excess of par received in connection with such termination. Accordingly, in the event of such termination, the Trustee is hereby authorized to withhold any such amounts in excess of par and to pay such amounts directly to the Holders of the Class CE Certificates. This agreement shall bind and be enforceable against any successor, transferee or assignee of the undersigned in the Residual Certificate. In connection with any transfer of the Residual Certificate, the Owner shall obtain an agreement substantially similar to this clause from any subsequent owner.
IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of __________, 20__.
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[OWNER] | |
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By: |
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Name: | |
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Title: [Vice] President |
ATTEST:
By: _________________________________
Name:
Title: |
[Assistant] Secretary |
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 a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner.
Subscribed and sworn before me this ____ day of __________, 20___.
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Notary Public | |
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County of _____________________________ |
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State of _______________________________ |
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My Commission expires: |
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FORM OF TRANSFEROR AFFIDAVIT
STATE OF NEW YORK |
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ss.: |
COUNTY OF NEW YORK |
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__________________________, being duly sworn, deposes, represents and warrants as follows:
1. I am a ____________________ of ____________________________ (the “Owner”), a corporation duly organized and existing under the laws of ______________, on behalf of whom I make this affidavit.
2. The Owner is not transferring the Residual Certificates (the “Residual Certificates”) to impede the assessment or collection of any tax.
3. The Owner has no actual knowledge that the Person that is the proposed transferee (the “Purchaser”) of the Residual Certificates: (i) has insufficient assets to pay any taxes owed by such proposed transferee as holder of the Residual Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Residual Certificates remain outstanding; and (iii) is not a Permitted Transferee.
4. The Owner understands that the Purchaser has delivered to the Trustee a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit F-2. The Owner does not know or believe that any representation contained therein is false.
5. At the time of transfer, the Owner has conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner has determined that the Purchaser has historically paid its debts as they became due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Owner understands that the transfer of a Residual Certificate may not be respected for United States income tax purposes (and the Owner may continue to be liable for United States income taxes associated therewith) unless the Owner has conducted such an investigation.
6. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of ___________, 20__.
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[OWNER] | |
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By: |
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Name: | |
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Title: [Vice] President |
ATTEST:
By: _________________________________
Name:
Title: |
[Assistant] Secretary |
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 a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner.
Subscribed and sworn before me this ____ day of __________, 20___.
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Notary Public | |
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County of _____________________________ |
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State of _______________________________ |
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My Commission expires: |
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EXHIBIT G
FORM OF CERTIFICATION WITH RESPECT TO ERISA AND THE CODE
_____________, 2005
Mortgage Asset Securitization Transactions, Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ocwen Loan Servicing, LLC
0000 Xxxxxxxxxxx Xxxx, Xxxxx 100
CentrePark West
West Palm Beach, Florida 0000000
U.S. Bank National Association
00 Xxxxxxxxxx Xxxxxx
XX-XX-XX0X
Xx. Xxxx, XX 00000
Attn: Transfer Unit / MASTR 2005-NC2
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Re: |
MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates, Class ___ |
Dear Sirs:
_______________________ (the “Transferee”) intends to acquire from _____________________ (the “Transferor”) $____________ Initial Certificate Principal Balance of MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates, Class [CE] [P] [R](the “Certificates”), issued pursuant to a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as depositor (the “Depositor”), Ocwen Loan Servicing, LLC as Servicer (the “Servicer”) and U.S. Bank National Association as trustee (the “Trustee”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned thereto in the Pooling and Servicing Agreement. The Transferee hereby certifies, represents and warrants to, and covenants with the Depositor, the Trustee and the Servicer that:
The Certificates (i) are not being acquired by, and will not be transferred to, any employee benefit plan within the meaning of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or other retirement arrangement, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that is subject to Section 406 of ERISA or Section 4975 of the Internal Revenue Code of 1986 (the “Code”) (any of the foregoing, a “Plan”), (ii) are not being acquired with “plan assets” of a Plan within the meaning of the Department of Labor (“DOL”)
regulation, 29 C.F.R.ss.2510.3-101, and (iii) will not be transferred to any entity that is deemed to be investing in plan assets within the meaning of the DOL regulation at 29 X.X.X.xx. 2510.3-101.
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Very truly yours, | |
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Title: |
EXHIBIT H
FORM OF REPORT PURSUANT TO SECTION 4.06
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
ANNUAL REPORT
Pursuant to Section 13 or 15(d) of the
SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
FOR FISCAL YEAR ENDED ________________
COMMISSION FILE NUMBER: 333-_______
MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.
(as depositor under the Pooling and Servicing Agreement,
dated as of November 1, 2005, providing for the issuance of
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-NC2)
Mortgage Asset Securitization Transactions, Inc. | ||
(Exact name of registrant as specified in its charter) | ||
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Delaware |
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[__] |
(State or Other Jurisdiction of Incorporation) |
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(I.R.S. Employer Identification Number) |
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1285 Avenue of the Americas |
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10019 |
(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant's telephone number, including area code: [___]
Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
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X YES |
___No |
Item 1. Business:
Not applicable
Item 2. Properties:
Not applicable
Item 3. Legal Proceedings:
None
Item 4. Submission of Matters to a Vote of Security-Holders
None
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
To the best knowledge of the registrant there is no established public trading market for the certificates.
There are approximately _____ holders of record as of the end of the reporting year.
Item 6. Selected Financial Data.
Not applicable.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Not applicable
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None
Item 10.
Not applicable
Item 11. Executive Compensation
Not applicable
Item 12. Security Ownership of Certain Beneficial Owners and Management
Not applicable
Item 13. Certain Relationships and Related Transactions
Not applicable
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K
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a) |
The company filed on Form 8-K, separately for each distribution date, the distribution of funds related to the trust for each of the following distribution dates: |
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Distribution Date |
Form 8-K Filing Date |
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_________________ |
________________ |
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_________________ |
________________ |
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_________________ |
________________ |
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b) 99.1 Annual Report of Independent Public Accountants' as to servicing activities,
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(a) |
Ocwen Loan Servicing, LLC, as Servicer |
99.2 Annual Statement of Compliance with obligations under the Pooling and Servicing Agreement or servicing agreement, as applicable, of:
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(a) |
Ocwen Loan Servicing, LLC, as Servicer |
Such document (i) is not filed herewith since such document was not received by the Reporting Person at least three business days prior to the due date of this report; and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 30 days of the Reporting Person's receipt of such document.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: ___________
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Mortgage Asset Securitization Transactions, Inc., by U.S. Bank National Association, as Trustee for MASTR Asset Backed Securities Trust, Series 2005-NC2, Mortgage Pass-Through Certificates. | |
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By: |
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Name: | |
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Title: |
EXHIBIT I
FORM OF LOST NOTE AFFIDAVIT
Loan #: ____________
BORROWER: _____________
LOST NOTE AFFIDAVIT
I, as ____________________ of ______________________, a _______________ corporation am authorized to make this Affidavit on behalf of _____________________ (the “Seller”). In connection with the administration of the Mortgage Loans held by ____________________, a _________________ corporation as Seller on behalf of Mortgage Asset Securitization Transactions, Inc. (the “Purchaser”), _____________________ (the “Deponent”), being duly sworn, deposes and says that:
1. |
The Seller's address is: |
_____________________ |
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_____________________ |
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_____________________ |
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2. |
The Seller previously delivered to the Purchaser a signed Initial Certification with respect to such Mortgage and/or Assignment of Mortgage; |
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3. |
Such Mortgage Note and/or Assignment of Mortgage was assigned or sold to the Purchaser by ________________________, a ____________ corporation pursuant to the terms and provisions of a Mortgage Loan Purchase Agreement dated as of __________ __, _____; |
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4. |
Such Mortgage Note and/or Assignment of Mortgage is not outstanding pursuant to a request for release of Documents; |
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5. |
Aforesaid Mortgage Note and/or Assignment of Mortgage (the “Original”) has been lost; |
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6. |
Deponent has made or caused to be made a diligent search for the Original and has been unable to find or recover same; |
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7. |
The Seller was the Seller of the Original at the time of the loss; and |
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8. |
Deponent agrees that, if said Original should ever come into Seller's possession, custody or power, Seller will immediately and without consideration surrender the Original to the Purchaser. |
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9. |
Attached hereto is a true and correct copy of (i) the Note, endorsed in blank by the Mortgagee and (ii) the Mortgage or Deed of Trust (strike one) which secures the Note, which Mortgage or Deed of Trust is recorded in the county where the property is located. |
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10. |
Deponent hereby agrees that the Seller (a) shall indemnify and hold harmless the Purchaser, its successors and assigns, against any loss, liability or damage, including reasonable attorney's fees, resulting from the unavailability of any Notes, including but not limited to any loss, liability or damage arising from (i) any false statement contained in this Affidavit, (ii) any claim of any party that has already purchased a mortgage loan evidenced by the Lost Note or any interest in such mortgage loan, (iii) any claim of any borrower with respect to the existence of terms of a mortgage loan evidenced by the Lost Note on the related property to the fact that the mortgage loan is not evidenced by an original note and (iv) the issuance of a new instrument in lieu thereof (items (i) through (iv) above hereinafter referred to as the “Losses”) and (b) if required by any Rating Agency in connection with placing such Lost Note into a Pass-Through Transfer, shall obtain a surety from an insurer acceptable to the applicable Rating Agency to cover any Losses with respect to such Lost Note. |
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11. |
This Affidavit is intended to be relied upon by the Purchaser, its successors and assigns. _____________________, a ______________ corporation represents and warrants that is has the authority to perform its obligations under this Affidavit of Lost Note. |
Executed this ____ day, of ___________ ______.
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SELLER | |
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By: |
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Name: | |
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Title: |
On this _____ day of ________, _____, before me appeared _________________ to me personally known, who being duly sworn did say that he is the _____________________ of ____________________ a ______________ corporation and that said Affidavit of Lost Note was signed and sealed on behalf of such corporation and said acknowledged this instrument to be the free act and deed of said corporation.
Signature:
[Seal]
EXHIBIT J-1
FORM CERTIFICATION TO BE PROVIDED BY THE TRUSTEE
WITH FORM 10-K
Certification
I, [identify the certifying individual], certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of [identify issuer (i.e., the name of the specific deal to which this certification relates rather than just the name of the Depositor)];
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading, as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. Based on my knowledge and upon the annual compliance statement included in the report and required to be delivered to the Trustee in accordance with the terms of the Pooling and Servicing Agreement, and except as disclosed in the reports, the Servicer has fulfilled its obligations under the servicing agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Ocwen Loan Servicing, LLC.
|
U.S. BANK NATIONAL ASSOCIATION | |
| ||
| ||
By: |
| |
|
Name: | |
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Title: |
EXHIBIT J-2
FORM OF CERTIFICATION TO BE PROVIDED TO TRUSTEE BY THE SERVICER
U.S. Bank National Association
00 Xxxxxxxxxx Xxxxxx
XX-XX-XX0X
Xx. Xxxx, XX 00000
Attn: Transfer Unit / MASTR 2005-NC2
|
Re: |
MASTR Asset Backed Securities Trust 2005-NC2 |
Ocwen Loan Servicing, LLC, as Servicer hereby certifies to the Trustee that:
1. Based on my knowledge, the information in the Annual Statement of Compliance, the Annual Independent Public Accountant's Servicing Report and all servicing reports, officer's certificates and other information relating to the servicing of the Mortgage Loans submitted to the Trustee taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading, as of the date of this certification;
2. Based on my knowledge, the servicing information required to be provided to the Trustee by the Servicer under the Pooling and Servicing Agreement has been provided to the Trustee;
3. I am responsible for reviewing the activities performed by the Servicer under the Pooling and Servicing Agreement and based upon the review required by such Pooling and Servicing Agreement, and except as disclosed in the Annual Statement of Compliance and the Annual Independent Public Accountant's Servicing Report submitted to the Trustee, the Servicer has, as of the date of this certification fulfilled its obligations under such Pooling and Servicing Agreement; and
4. The servicer has disclosed to the Trustee all significant deficiencies relating to the Servicer's compliance with the minimum servicing standards in accordance with a review conducted in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar standard as set forth in the Pooling and Servicing Agreement.
Capitalized terms used but not defined herein have the meanings ascribed to them in the Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as depositor, Ocwen Loan Servicing, LLC, as servicer and U.S. Bank National Association, as trustee
|
Ocwen Loan Servicing, LLC, as Servicer | |
| ||
| ||
By: |
| |
|
Name: | |
|
Title: |
EXHIBIT K
[Reserved]
EXHIBIT L
ANNUAL STATEMENT OF COMPLIANCE PURSUANT TO SECTION 3.20
MASTR Asset Backed Securities Trust 2005-NC2
MORTGAGE PASS THROUGH CERTIFICATES, SERIES 2005-NC2
I, _____________________, hereby certify that I am a duly appointed __________________________ of Ocwen Loan Servicing, LLC (the “Servicer”), and further certify as follows:
1. This certification is being made pursuant to Section 3.20 of the Pooling and Servicing Agreement, dated as of November 1, 2005 (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc., as depositor, Ocwen Loan Servicing, LLC, as servicer, and U.S. Bank National Association, as trustee.
2. I have reviewed the activities of the Servicer during the preceding year and the Servicer's performance under the Agreement and to the best of my knowledge, based on such review, the Servicer has fulfilled all of its obligations under the Agreement throughout the year.
Capitalized terms not otherwise defined herein have the meanings set forth in the Agreement.
Dated: _____________, 2005
IN WITNESS WHEREOF, the undersigned has executed this Certificate as of _____________.
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| |
| ||
| ||
By: |
| |
|
Name: | |
|
Title: |
I, _________________________, a (an) __________________ of the Servicer, hereby certify that _________________ is a duly elected, qualified, and acting _______________________ of the Servicer and that the signature appearing above is his/her genuine signature.
IN WITNESS WHEREOF, the undersigned has executed this Certificate as of ______________.
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| |
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| ||
By: |
| |
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Name: | |
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Title: |
EXHIBIT M
FORM OF INTEREST RATE SWAP AGREEMENT
ASSIGNMENT AGREEMENT
UBS AG has entered into the transaction listed on Attachment 1 hereto with Reference Number 37184572 (the “Old Transaction”) with UBS Real Estate Securities, Inc. (“UBS Real Estate”).
For valuable consideration, receipt of which is hereby acknowledged, UBS Real Estate hereby assigns, transfers and sets over effective November 29, 2005 unto Mortgage Asset Securitization Transactions Inc. (“MASTR”), without recourse all of its rights, title and interest in and to the Old Transaction and UBS Real Estate hereby gives MASTR and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part thereof, and to prosecute or withdraw any suits or proceedings therefor. UBS AG hereby consents to the assignment of the Old Transaction to MASTR as herein provided.
Upon the effectiveness of such assignment, for valuable consideration, receipt of which is hereby acknowledged, MASTR hereby assigns, transfers and sets over effective November 29, 2005 unto U.S. Bank National Association, not individually, but solely as trustee of the supplemental interest trust created under the Pooling and Servicing Agreement, dated as of November 1, 2005, among Mortgage Asset Securitization Transactions, Inc., as Depositor, Ocwen Loan Servicing, LLC as Servicer, and U.S. Bank National Association as Trustee (the “Pooling and Servicing Agreement”), (the “Trust”), without recourse, all of its rights, title and interest in and to the Old Transaction (as so assigned and transferred, referenced by UBS AG as a new transaction with Reference Number 37242836, as listed on Attachment 2 hereto and referred to as the “New Transaction”) and MASTR hereby gives the Trust and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part of thereof, and to prosecute or withdraw any suits or proceedings therefor. UBS AG hereby consents to the assignment of the New Transaction to the Trust as herein provided, with the understanding that the provisions labeled “Additional Provisions” in the confirmation relating to the New Transaction shall become effective upon the assignment to the Trust.
Each party hereby represents and warrants to the other that the execution, delivery and performance of this Assignment Agreement by it are within its powers, and have been duly authorized by all necessary corporate or other action and that this Assignment Agreement constitutes its legal, valid and binding obligation.
This Assignment Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York without regards to the conflict of law provisions thereof, other than New York General Obligations Law Section 5-1401 and 5-1402.
IN WITNESS WHEREOF, the parties have duly executed this Assignment Agreement as of the date first written above.
UBS AG
|
UBS REAL ESTATE SECURITIES, INC. |
By: |
|
Name: |
|
Title: |
|
|
By: ___________________________________ | |
|
Name: |
|
By: |
|
Name: |
|
Title: |
|
|
By: __________________________________ | ||
|
Name: |
| |
|
Title: |
| |
MORTGAGE ASSET SECURITIZATION |
TRANSACTIONS INC. |
U.S. Bank National Association, not in its individual capacity but solely as Trustee on behalf of the Supplemental Interest Trust, with respect to the MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass Through Certificates, Series 2005-NC2 |
By:_________________________________ |
By: __________________________________ | ||
Name: |
Name: |
| |
Title: |
Title: |
| |
By:_________________________________ |
Name:
Title:
Attachment 1
|
Date: |
29 November 2005 |
To: |
UBS Real Estate Securities, Inc. (“Counterparty”) |
Attn: |
Swaps Administration |
From: |
UBS AG, London Branch (“UBS AG”) |
Subject: |
Interest Rate Swap Transaction |
UBS AG Ref: |
37184572 |
Dear Sirs,
The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a “Confirmation” as referred to in the Master Agreement or Agreement specified below.
The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern.
If you and we are parties to a master agreement that governs transactions of this type (whether in the form of the ISDA Master Agreement (Multicurrency-Cross Border)(the "ISDA Form") or any other form (a "Master Agreement"), then this Confirmation will supplement, form a part of, and be subject to that Master Agreement. If you and we are not parties to such a Master Agreement, then you and we agree to use all reasonable efforts promptly to negotiate, execute and deliver an agreement in the form of the ISDA Form, with such modifications as you and we will in good faith agree. Upon the execution by you and us of such an agreement, this Confirmation will supplement, form a part of and be subject to and governed by that agreement, except as expressly modified below. Until we execute and deliver that agreement, this Confirmation, together with all other documents referring to the ISDA Form (each a "Confirmation") confirming transactions (each a "Transaction") entered into between us (notwithstanding anything to the contrary in a confirmation), shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any Schedule except for the election of the laws of England as the Governing Law and U.S. Dollars as the Termination Currency) on the Trade Date of the first Transaction between us (hereinafter the "Agreement"). In the event of any inconsistency between the provisions of any such Agreement and this Confirmation, this Confirmation will prevail for the purposes of this Transaction.
The terms of the particular Swap Transaction to which this Confirmation relates are as follows:
General Terms |
|
|
|
Trade Date: |
29 November 2005 |
|
|
Effective Date: |
30 November 2005 |
|
|
Termination Date: |
25 March 2009 |
|
|
Calculation Agent: |
UBS AG, unless otherwise stated in the Schedule to the Master Agreement. |
|
| ||
Business Days: |
New York | ||
|
| ||
Calculation Amount: |
Initially USD 902,787,580.00, amortising as per Amortising Schedule below | ||
|
| ||
Broker: |
None | ||
Amortising Schedule Period From Effective Date 25 December 2005 25 January 2006 25 February 2006 25 March 2006 25 April 2006 25 May 2006 25 June 2006 25 July 2006 25 August 2006 25 September 2006 25 October 2006 25 November 2006 25 December 2006 25 January 2007 25 February 2007 25 March 2007 25 April 2007 25 May 2007 25 June 2007 25 July 2007 25 August 2007 25 September 2007 25 October 2007 25 November 2007 25 December 2007 25 January 2008 25 February 2008 25 March 2008 25 April 2008 25 May 2008 25 June 2008 25 July 2008 25 August 2008 25 September 2008 25 October 2008 25 November 2008 25 December 2008 25 January 2009 25 February 2009 |
Period To 25 December 2005 25 January 2006 25 February 2006 25 March 2006 25 April 2006 25 May 2006 25 June 2006 25 July 2006 25 August 2006 25 September 2006 25 October 2006 25 November 2006 25 December 2006 25 January 2007 25 February 2007 25 March 2007 25 April 2007 25 May 2007 25 June 2007 25 July 2007 25 August 2007 25 September 2007 25 October 2007 25 November 2007 25 December 2007 25 January 2008 25 February 2008 25 March 2008 25 April 2008 25 May 2008 25 June 2008 25 July 2008 25 August 2008 25 September 2008 25 October 2008 25 November 2008 25 December 2008 25 January 2009 25 February 2009 25 March 2009 |
Calculation Amount USD 902,787,580.00 USD 893,618,725.00 USD 881,407,880.00 USD 866,149,813.00 USD 847,858,871.00 USD 826,586,918.00 USD 802,407,484.00 USD 775,433,981.00 USD 745,802,110.00 USD 710,628,346.40 USD 675,161,288.39 USD 641,417,897.76 USD 609,314,406.08 USD 578,771,114.52 USD 549,712,200.40 USD 522,065,522.84 USD 495,762,448.43 USD 470,737,680.88 USD 446,929,094.29 USD 424,277,582.92 USD 375,897,974.58 USD 332,796,642.76 USD 294,219,195.71 USD 259,902,573.26 USD 229,342,983.24 USD 214,287,727.10 USD 210,531,693.40 USD 197,775,561.81 USD 185,795,155.22 USD 174,556,734.36 USD 163,997,613.18 USD 154,076,757.77 USD 144,755,611.41 USD 135,997,945.18 USD 32,418,032.63 USD 30,451,213.51 USD 28,580,254.77 USD 26,772,484.77 USD 25,074,309.30 USD 23,479,092.52 | |
With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day
Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment.
Fixed Amounts |
|
|
|
Fixed Rate Payer: |
Counterparty |
|
|
Fixed Rate:
Fixed Rate Day Count Fraction: |
4.4575 per cent per annum
30/360 |
|
|
Fixed Rate Payer Payment Dates: |
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period |
|
|
Business Day Convention: |
Modified Following |
Floating Amounts |
|
|
|
Floating Rate Payer: |
UBS AG |
|
|
Floating Rate Option: |
USD-LIBOR-BBA |
|
|
Designated Maturity: |
One month, provided that in respect of the initial Calculation Period, Linear Interpolation shall apply |
|
|
Floating Rate Day Count Fraction: |
Actual/360 |
|
|
Spread: |
None |
|
|
Floating Rate Payer Period End Dates: |
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below |
|
|
Floating Rate Payer Payment Dates: |
Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. |
|
|
Reset Dates: |
First day of each Calculation Period |
|
|
Business Day Convention: |
Modified Following |
|
|
Compounding: |
Inapplicable |
Relationship Between Parties
Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
(a) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.
(b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction.
(c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction.
References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch
Account Details |
| |
Currency: |
USD | |
Correspondent Bank: |
UBS AG, XXXXXXXX BRANCH | |
Swift Address: |
XXXXXX00XXX | |
Favour: |
UBS AG LONDON BRANCH | |
Swift Address: |
XXXXXX0XXXX | |
Account No: |
101-wa-140007-000 | |
Further Credit To: |
| |
Swift Address: |
| |
Account No: |
| |
Offices
(a) |
The office of UBS AG for the Swap Transaction is London; and |
(b) |
The office of the Counterparty for the Swap Transaction is LONDON. |
Contact Names at UBS AG
Pre Value Payments: |
Pre Value Payment Investigations: |
(00) 00 0000 0000 |
Post Value Payments: |
Post Value Payment Investigations: |
(00) 00 0000 0000 |
Confirmation Queries: |
Confirmation Control: |
(00) 00 0000 0000 |
ISDA Documentation: |
Credit Risk Management: |
(00) 00 0000 0000 |
Swift: |
UBSWGB2L |
Fax: |
(00) 00 0000 0000/2990 |
Address: |
UBS AG |
|
000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX |
Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached.
Yours Faithfully |
For and on Behalf of |
UBS AG, London Branch |
By: |
|
|
By: |
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Name: |
|
|
Name: |
|
Title: |
|
|
Title: |
|
Acknowledged and agreed by UBS Real Estate Securities, Inc. as of the Trade Date specified above:
By: |
By: | ||
|
| ||
Name : |
|
Name : |
|
Title : |
|
Title: |
|
UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX
UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority.
Representatives of UBS Limited introduce trades to UBS AG via UBS Limited
Attachment 2
|
Date: |
29 November 2005 |
To: |
U.S. Bank National Association, not in its individual capacity but solely as Trustee on behalf of the Supplemental Interest Trust, with respect to the MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass Through Certificates, Series 2005-NC2 (“Counterparty”) |
Attn: |
Xxxxxxx Xxxxx |
Fax No: |
0000000000000 |
From: |
UBS AG, London Branch (“UBS AG”) |
Subject: |
Interest Rate Swap Transaction |
UBS AG Ref: |
37242836 |
Dear Sirs,
The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a “Confirmation” as referred to in the Master Agreement or Agreement specified below.
The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern.
This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 29 November 2005 as amended and supplemented from time to time (the "Agreement"), between Counterparty and UBS AG. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.
The terms of the particular Swap Transaction to which this Confirmation relates are as follows:
General Terms |
|
|
|
Trade Date: |
29 November 2005 |
|
|
Effective Date: |
30 November 2005 |
|
|
Termination Date: |
25 March 2009 |
|
|
Calculation Agent: |
UBS AG, unless otherwise stated in the Schedule to the Master Agreement. |
|
|
Business Days: |
New York |
|
|
Calculation Amount: |
Initially USD 3,611,150.00, amortising as per Amortising Schedule below |
|
|
Broker: |
None |
Amortising Schedule: |
|
|
Period From |
Period To |
Calculation Amount (USD) |
Effective Date |
25-Dec-2005 |
3,611,150 |
25-Dec-2005 |
25-Jan-2006 |
3,574,475 |
25-Jan-2006 |
25-Feb-2006 |
3,525,632 |
25-Feb-2006 |
25-Mar-2006 |
3,464,599 |
25-Mar-2006 |
25-Apr-2006 |
3,391,435 |
25-Apr-2006 |
25-May-2006 |
3,306,348 |
25-May-2006 |
25-Jun-2006 |
3,209,630 |
25-Jun-2006 |
25-Jul-2006 |
3,101,736 |
25-Jul-2006 |
25-Aug-2006 |
2,983,208 |
25-Aug-2006 |
25-Sep-2006 |
2,842,513 |
25-Sep-2006 |
25-Oct-2006 |
2,700,645 |
25-Oct-2006 |
25-Nov-2006 |
2,565,672 |
25-Nov-2006 |
25-Dec-2006 |
2,437,258 |
25-Dec-2006 |
25-Jan-2007 |
2,315,084 |
25-Jan-2007 |
25-Feb-2007 |
2,198,849 |
25-Feb-2007 |
25-Mar-2007 |
2,088,262 |
25-Mar-2007 |
25-Apr-2007 |
1,983,050 |
25-Apr-2007 |
25-May-2007 |
1,882,951 |
25-May-2007 |
25-Jun-2007 |
1,787,716 |
25-Jun-2007 |
25-Jul-2007 |
1,697,110 |
25-Jul-2007 |
25-Aug-2007 |
1,503,592 |
25-Aug-2007 |
25-Sep-2007 |
1,331,187 |
25-Sep-2007 |
25-Oct-2007 |
1,176,877 |
25-Oct-2007 |
25-Nov-2007 |
1,039,610 |
25-Nov-2007 |
25-Dec-2007 |
917,372 |
25-Dec-2007 |
25-Jan-2008 |
857,151 |
25-Jan-2008 |
25-Feb-2008 |
842,127 |
25-Feb-2008 |
25-Mar-2008 |
791,102 |
25-Mar-2008 |
25-Apr-2008 |
743,181 |
25-Apr-2008 |
25-May-2008 |
698,227 |
25-May-2008 |
25-Jun-2008 |
655,990 |
25-Jun-2008 |
25-Jul-2008 |
616,307 |
25-Jul-2008 |
25-Aug-2008 |
579,022 |
25-Aug-2008 |
25-Sep-2008 |
543,992 |
25-Sep-2008 |
25-Oct-2008 |
129,672 |
25-Oct-2008 |
25-Nov-2008 |
121,805 |
25-Nov-2008 |
25-Dec-2008 |
114,321 |
25-Dec-2008 |
25-Jan-2009 |
107,090 |
25-Jan-2009 |
25-Feb-2009 |
100,297 |
25-Feb-2009 |
Termination Date |
93,916 |
With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment.
Fixed Amounts |
|
|
|
Fixed Rate Payer: |
Counterparty |
|
|
Fixed Amount: |
To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction |
|
|
Fixed Rate:
Fixed Rate Day Count Fraction: |
4.4575 per cent per annum
30/360 |
|
|
Fixed Rate Payer Payment Dates: |
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period |
|
|
Business Day Convention: |
Modified Following |
Floating Amounts |
|
|
|
Floating Rate Payer: |
UBS AG |
|
|
Floating Amount: |
To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction |
|
|
Floating Rate Option: |
USD-LIBOR-BBA |
|
|
Designated Maturity: |
1 month, provided that in respect of the initial Calculation Period, Linear Interpolation shall apply |
|
|
Floating Rate Day Count Fraction: |
Actual/360 |
|
|
Spread: |
None |
|
|
Floating Rate Payer Period End Dates: |
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 December 2005, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below |
|
|
Floating Rate Payer Payment Dates: |
Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date. |
|
|
Reset Dates: |
First day of each Calculation Period |
|
|
Business Day Convention: |
Modified Following |
|
|
Compounding: |
Inapplicable |
Relationship Between Parties
Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
(a) Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.
(b) Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction.
(c) Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction.
(d) Purpose. It is an "eligible swap participant" as such term is defined in Section 35.1(b)(2) of the regulations (17 C.F.R. 35) promulgated under, and an "eligible contract participant" as defined in Section 1(a)(12) of the Commodity Exchange Act, as amended, and it is entering into the Transaction for the purposes of managing its borrowing or investments, hedging its underlying assets or liabilities or in connection with a line of business.
References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch
Account Details |
| |
Currency: |
USD | |
Correspondent Bank: |
UBS AG, XXXXXXXX BRANCH | |
Swift Address: |
XXXXXX00XXX | |
Favour: |
UBS AG LONDON BRANCH | |
Swift Address: |
XXXXXX0XXXX | |
Account No: |
101-wa-140007-000 |
Further Credit To: |
|
Swift Address: |
|
Account No: |
|
Offices
(a)The office of UBS AG for the Swap Transaction is London; and
(b)The office of the Counterparty for the Swap Transaction is St. Xxxx, MN
Contact Names at UBS AG
Pre Value Payments: |
Pre Value Payment Investigations: |
(00) 00 0000 0000 |
Post Value Payments: |
Post Value Payment Investigations: |
(00) 00 0000 0000 |
Confirmation Queries: |
Confirmation Control: |
(00) 00 0000 0000 |
ISDA Documentation: |
Credit Risk Management: |
(00) 00 0000 0000 |
Swift: |
UBSWGB2L | |
Fax: |
(00) 00 0000 0000/2990 | |
Address: |
UBS AG | |
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000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX |
Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached.
Yours Faithfully |
For and on Behalf of |
UBS AG, London Branch |
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Title: |
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Acknowledged and agreed by U.S. Bank National Association, not in its individual capacity but solely as Trustee on behalf of the Supplemental Interest Trust, with respect to the MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass Through Certificates, Series 2005-NC2 as of the Trade Date specified above:
By: |
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Name : |
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Title : |
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UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX
UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority.
Representatives of UBS Limited introduce trades to UBS AG via UBS Limited
(Multicurrency — Cross Border)
ISDA®
International Swap Dealers Association, Inc.
MASTER AGREEMENT
Dated as of November 29, 2005
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U.S. BANK NATIONAL ASSOCIATION, not individually, but solely as trustee on behalf of the Supplemental Interest Trust with respect to the MASTR Asset Backed Securities Trust 2005-NC2 |
UBS AG |
And |
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have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions:
Accordingly, the parties agree as follows: ?
1. |
Interpretation |
(a) Definitions. The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement:
(b) Inconsistency. In the event of any inconsistency between the provision of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction.
(c) Single Agreement. All transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.
2. |
Obligations |
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(a) |
General Conditions. |
(i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.
(ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.
(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.
(b) Change of Account. Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change:
(c) |
Netting. If on any date amounts would otherwise be payable:-- | ||||
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(i) |
in the same currency; and |
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(ii) |
in respect of the same Transaction, |
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by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.
The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such Transactions, regardless of whether such a amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions From such date). This election may be made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries.
(d) |
Deduction or Withholding for Tax. |
(i) Gross-Up. All payments under, this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, then in effect. If a party is so required to deduct or withhold, them that party (“X”) will: ?
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(1) |
promptly notify the other party (“Y”) of such requirement; |
(2) pay to the relevant authorities the full amount required to be deducted or Withheld (including the full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y;
(3) promptly forward to Y an official receipt (or a certified copy), of other documentation reasonably acceptable to Y, evidencing such payment to such authorities; and
(4) if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to which Y is otherwise entitled under this Agreement, such additional amount as is necessary ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for: ?
(A) the failure by Y to comply with of perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or
(B) the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have occurred but for (l) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law.
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(ii) |
Liability. If: -- |
(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4);
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(2) |
X does not so deduct or withhold; and |
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(3) |
a liability resulting from such Tax is assessed directly against X, |
then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).
(e) Default Interest, Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c); be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.
3. |
Representations |
Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that: ?
(a) |
Basic Representations. |
(i) Status. It is duly organized and validly existing under the laws of the jurisdiction of its organization of incorporation and, if relevant under such laws, in good attending;
(ii) Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorize such execution, delivery and performance;
(iii) No Violation or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;
(iv) Consents. All governmental and other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained, and are in full force and effect and all conditions of any such consents have been complied with; and
(v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in proceeding in equity or at law)).
(b) Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.
(c) Absence of Litigation. There, is not pending or, to its knowledge, threatened against it or any of its Affiliates any, action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document.
(d) Accuracy of Specified Information. All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect.
(e) Payer Tax Representation. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(c) is accurate and true.
(f) Payee Tax Representations. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.
4. |
Agreements |
Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party: ?
(a) Furnish Specified Information. It will deliver to the ether party or, in certain cases under subparagraph (iii) below, to such government or taxing authority as the other party reasonably directs: ?
(i) any forms, documents, or certificates relating to taxation specified in the Schedule or any Confirmation;
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(ii) |
any other documents specified in the Schedule or any Confirmation; and |
(iii) upon reasonable demand by such other party any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification,
in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.
(b) Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are acquired to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the fixture.
(c) Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.
(d) Tax Agreement. It will give notice of any failure of representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure.
(e) Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax levied or imposed upon; it or in respect of its execution or performance of this Agreement by a jurisdiction in which it is incorporated, organised, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”) and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in
respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which respect also a Stamp Tax Jurisdiction with respect to the other party.
5. |
Events of Default and Termination Events |
(a) Events of Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an “Event of Default”) with respect to such party: —
(i) Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the party;
(ii) Breach of Agreement. Failure by the party to comply with or perform any agreement (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(4)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;
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(iii) |
Credit Support Default. |
(1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;
(2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other Party; or
(3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document;
(iv) Misrepresentation. A representation (other than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated;
(v) Default under Specified Transaction. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment,
delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms; disclaims, repudiates or rejects, in whole or in part, a Specified Transaction for such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);
(vi) Cross Default. If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively), in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and’ payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under, such agreements or instruments (after giving effect to any applicable notice requirement or grace period);
(vii) Bankruptcy. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party: —
(1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy of the entry of an order for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or
(viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with, or mergers with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer: —
(1) the resulting, surviving or transferee entity fails to assume all the obligations or such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or
(2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement:
(b) Termination Events. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an illegality if the event is specified in (i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (iv) below or an Additional Termination Event if the event is specified pursuant to (v) below: —
(i) Illegality. Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party): —
(1) to perform any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or
(2) to perform, or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction;
(ii) Tax Event. Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought, with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay, to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e); 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 3(e), 6(d)(ii) or 6(c)) and no additional amount is required to be paid in respect of such Tax tinder Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));
(iii) Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an identifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(c), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either ease as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii);
(iv) Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers, all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferred entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or
(v) Additional Termination Event. If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).
(c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.
6. |
Early Termination |
(a) Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-Defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto; (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).
(b) |
Right to Terminate Following Termination Event. |
(i) Notice. If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require.
(ii) Transfer to Avoid Termination Event. If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs tend them is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable; efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist:
If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section d(b)(i).
Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.
(iii) Two Affected Parties. If an Illegality under Suction 5(b)(i)(1) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event.
(iv) Right to Terminate. If: —
(1) a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(j); or
(2) an Illegality under Section 5(b)(i)(2), a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party,
either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or, an Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, by not more than 20 days notice to the other party and provided that the relevant Terminating Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.
(c) |
Effect of Designation. |
(i) If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.
(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated
Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).
(d) |
Calculations. |
(i) Statement. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (l) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid in the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation.
(ii) Payment Date. An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case, of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.
(e) Payments an Early Termination. If an Early Termination Date occur, the following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market quotation” or “Loss” and a payment method, either the “First Method” or the “Second Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.
(i) Events of Default. If the Early Termination Date results from an Event of Default: —
(1) First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.
(2) First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.
(3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.
(4) Second Method and Loss. If the Second Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.
(ii) Termination Events. If the Early Termination Date results from a Termination Event:—
(1) One Affected Party. If there is one Affected Party, the amount payable will be determined in accordance with Section 6(c)(i)(3), if Market Quotation applies, or Section 6(3)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in respect of all Terminated Transactions.
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(2) |
Two Affected Parties. If there are two Affected parties: — |
(A) if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount (“Y”) and (b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and
(B) if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount will be payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X’) and the Loss of the party with the lower Loss (“Y”).
If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y.
(iii) Adjustment for Bankruptcy. In circumstances where an Early Termination Date occurs because “Automatic Early Termination” applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate
and permitted by law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii).
(iv) Pre-Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.
7. |
Transfer |
Subject to Section 6(b)(ii), neither this Agreement not any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the, other party, except that: —
(a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and
(b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party: under Section 6(e):
Any purported transfer that is not in compliance with this Section will be void.
8. |
Contractual Currency |
(a) Payment in the Contractual Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any lender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess.
(b) Judgments. To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery after recovery in full of the aggregate
amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange at which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party. The term “rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency.
(c) Separate Indemnities. To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made fur any outer sums payable in respect of this Agreement.
(d) Evidence of Loss. For the purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.
9. |
Miscellaneous |
(a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.
(b) Amendments. No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and, executed by each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system.
(c) Survival of Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.
(d) Remedies Cumulative. Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.
(e) |
Counterparts and Confirmations. |
(i) This Agreement (and each amendment modification and waiver in respect of it) may, be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.
(ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation shall be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding
supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex or electronic message constitutes a Confirmation.
(f) No Waiver of Rights. A failure or delay in exercising any night, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.
(g) Headings. The headings used in this Agreement are for convenience of reference only and arc not to affect the construction of or to be taken into consideration in interpreting this Agreement.
10. |
Offices; Multibranch Parties |
(a) If Section 10(a) is specified in the Schedule as applying, each party that enters into a transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such party are the same as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.
(b) Neither party may change the Office through which it makes and receives payments or deliveries for the purpose of a Transaction without the prior written consent of the other party.
(c) If a party is specified as a Multibranch Party in the Schedule, such Multibranch Party may make and receive payments or deliveries under any Transaction through any Office listed in the Schedule and the Office through which it makes and receives payments or deliveries with respect to a Transaction will be specified in the relevant Confirmation.
11. |
Expenses |
A Defaulting Party will, on demand, indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to costs of collection.
12. |
Notices |
(a) Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated: —
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(i) |
if in writing: and delivered in person or by courier, on the date it is delivered; | |
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(ii) |
if sent by telex, on the date the recipient’s answerback is received; |
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(iii) if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of
proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);
(iv) if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or
(v) if sent by electronic messaging system, on the, date that electronic message is received,
unless the date of that delivery (or attempted delivery) or that receipt, as applicable is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day.
(b) Change of Addresses: Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.
13. |
Governing Law and Jurisdiction |
(a) Governing Law. This Agreement will be governed by and construed in accordance with the law specified in the Schedule.
(b) Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party irrevocably: —
(i) submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to, the non-exclusive jurisdiction of the court of the State of New York and the United States District Court located in the Borough of Manhattan in New York City if this Agreement is expressed to be governed by the laws of the State of New York; and
(ii) waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.
Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Xxx 0000 or any modification, extension or re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction.
(c) Service of Process. Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law.
(d) Waiver of Immunities. Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets (whether before or ratter judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceeding in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings.
14. |
Definitions |
As used in this Agreement: —
“Additional Termination Event” has the meaning specified in Section 5(b).
“Affected Party” has the meaning specified in Section 5(b).
“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions.
“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person.
“Applicable Rate” means:—
(a) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;
(b) in respect of an obligation to pay an amount under Section 6(c) of either party from and after the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate;
(c) in respect of all other obligations payable or deliverable (or which would, have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate; and
(d) |
in all other cases, the Termination Rate. |
“Burdened Party” has the meaning specified in Section 5(b).
“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.
“consent” includes a consent approval, action, authorization, exemption, notice, filing, registration or exchange control consent.
“Credit Event Upon Merger” has the meaning specified in Section 5(b).
‘‘Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.
“Credit Support Provider” has the meaning specified in the Schedule.
“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1% per annum.
“Defaulting Party” has the meaning specified in Section 6(a).
“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(b)(iv).
“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule.
“Illegality” has the meaning specified in Section 5(b).
“Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without Limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).
“law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly.
“Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined pursuant to provisions contained, or incorporated by reference in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.
“Loss” means, with respect to this Agreement or one or more Terminated Transactions, as the case may be, and a party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs lot (or gain, in which case expressed as a negative number) in connection with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of
each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, to as to avoid duplication, if Section 6(e)(i)(1) or (3)or 6(e)(ii)(2)(A) applies. Loss does not include a party’s legal fees and out-of-pocket expenses referred to under Section 11. A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets.
“Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market-makers. Each quotation will be for an amount, if any, that would, be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for such party the economic equivalent of any, payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the determination (or its agent) will request each Reference-Market Maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(c), and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transaction cannot be determined.
“Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.
“Non-defaulting Party” has the meaning specified in Section 6(a).
“Office” means a branch or office of a party, which may be such party’s head or home office.
“Potential Event of Default” means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.
“Reference Market-makers” means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make
an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.
“Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organized, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.
“Scheduled Payment Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.
“Set-off” means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.
“Settlement Amount” means, with respect to a party and any Early Termination Date, the sum of:—
(a) the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation is determined; and
(b) such party’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable result.
“Specified Entity” has the meanings specified in the Schedule.
“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surely or otherwise) in respect of borrowed money.
“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of those transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation.
“Stamp Tax” means any stamp, registration, documentation or similar tax.
“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.
“Tax Event” has the meaning specified in Section 5(b).
“Tax Event Upon Merger” has the meaning specified in Section 5(b).
“Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early Termination” applies, immediately before that Early Termination Date).
“Termination Currency” has the meaning specified in the Schedule.
“Termination Currency Equivalent” means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency date or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.
“Termination Event” means an Illegality, a Tax Event or Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.
“Termination Rate” means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.
“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally schedule date for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(c) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market values reasonably determined by both parties.
IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.
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U.S. BANK NATION ASSOCIATION, not individually, but solely as trustee on behalf of the Supplemental Interest Trust with respect to the MASTR Asset Backed Securities Trust 2005-NC2 |
UBS AG |
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Execution Copy
SCHEDULE
to the
Master Agreement
dated as of November 29, 2005
between
UBS AG (“Party A”),
a banking corporation organized under the laws of Switzerland
and
U.S. Bank National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust with respect to the MASTR Asset Backed Securities Trust 2005-NC2 Mortgage Pass Through Certificates, Series 2005-NC2 (“Party B”)
Part 1. Termination Provisions
In this Agreement:
(a) |
“Specified Entity” means in relation to Party A for the purpose of: |
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Section 5(a)(v), |
Not applicable. |
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Section 5(a)(vi), |
Not applicable. |
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Section 5(a)(vii), |
Not applicable. |
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Section 5(b)(iv), |
Not applicable. |
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and in relation to Party B for the purpose of:
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Section 5(a)(v), |
Not applicable. |
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Section 5(a)(vi), |
Not applicable. |
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Section 5(a)(vii), |
Not applicable. |
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Section 5(b)(iv), |
Not applicable. |
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(b) |
“Specified Transaction” will not apply to Party A and will not apply to Party B. |
(c) |
The “Breach of Agreement” provisions of Section 5(a)(ii) will not apply to Party A or Party B. |
(d) |
The “Credit Support Default” provisions of Section 5(a)(iii) will not apply to Party A or Party B. |
(e) |
The “Misrepresentation” provisions of Section 5(a)(iv) will not apply to Party A or Party B. |
(f) |
“Default under Specified Transaction” is not applicable to Party A or Party B for any purpose, and, accordingly, Section 5(a)(v) will not apply to Party A or Party B. |
(g) |
The “Cross Default” provisions of Section 5(a)(vi) will not apply to Party A and will not apply to Party B. |
(h) |
The “Bankruptcy” provision of Section 5(a)(vii)(2) will not apply to Party B. |
(i) |
The “Credit Event Upon Merger” provisions of Section 5(b)(iv) will not apply to Party A and will not apply to Party B. |
(j) |
The “Automatic Early Termination” provisions of Section 6(a) will not apply to Party A and will not apply to Party B. |
(k) |
Payments on Early Termination. For the purpose of Section 6(e) of this Agreement, Market Quotation and the Second Method will apply. |
(l) |
“Termination Currency” means United States Dollars (“USD”). |
(m) |
Additional Termination Event will apply to Party A and to Party B as follows: |
(i) Each of the following events shall be an Additional Termination Event with respect to Party B and Party B shall be the sole Affected Party with respect thereto:
|
1. |
The Trust, at any time, terminates; provided, however, that notwithstanding Section 6(b)(iv) of the Agreement, either Party A or Party B has the right to designate an Early Termination Date in respect of this Additional Termination Event, it being understood that Party B shall be the sole Affected Party; |
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2. |
The Pooling and Servicing Agreement dated as of November 1, 2005 among Mortgage Asset Securitization Transactions, Inc., as depositor, Ocwen Federal Savings Bank, F.S.B., as Servicer, and U.S. Bank National Association, as trustee (the “Pooling and Servicing Agreement”) or any related documents as described in the Pooling and Servicing Agreement (collectively, the “Transaction Documents”) are amended or modified without the prior written consent of Party A, where written consent is required pursuant to the terms of the Pooling and Servicing Agreement if such amendment or modification adversely affects, in any material respect, the interests of Party A; and |
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3. |
The majority holder of the Class CE Certificates, the Servicer or the NIMS Insurer, if any, exercise the option to purchase the mortgage loans pursuant to Section 9.01 of the Pooling and Servicing Agreement; provided, however, that notwithstanding Section 6(b)(iv) of the Agreement, either Party A or Party B has the right to designate an Early Termination Date in respect of this Additional Termination Event, it being understood that Party B shall be the sole Affected Party. |
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(ii) |
The following event shall be an Additional Termination Event with respect to Party A and Party A shall be the sole Affected Party with respect thereto: |
Rating Agency Downgrade. In the event of a Rating Agency Downgrade (as defined below) with respect to Party A (or any applicable Credit Support Provider), unless within thirty (30) days after the occurrence of such event, each Relevant Rating Agency has reconfirmed in writing the rating of the MASTR Asset Backed Securities Trust 2005-NC1, Mortgage Pass Through Certificates, Series 2005-NC2 (the “Certificates”) which
was in effect immediately prior to such Rating Agency Downgrade, and Party A shall not have, at its sole expense, and within 30 days, either:
|
(1) |
delivered collateral subject to the Rating Agency Condition under any required Credit Support Document (which Credit Support Document shall impose no obligations on Party A until the occurrence of a Rating Agency Downgrade as defined below); or |
|
(2) |
assigned this Agreement to, or obtained a replacement master agreement and transaction thereunder, subject to the Rating Agency Condition (the documentation of which satisfies each Relevant Rating Agency) with any bank or financial institution (or any party providing credit support on such Person’s behalf) that meets or exceeds the Approved Rating Threshold; or |
|
(3) |
established any other arrangement satisfactory to each Relevant Rating Agency subject to the Rating Agency Condition. |
If Party A elects to deliver collateral as described in clause (i) above, such collateral shall be governed by the ISDA form of Credit Support Annex (NY law form) (as amended, supplemented or otherwise modified from time to time), as such form will be agreed to by Party A and Party B.
For the purposes hereof, a Rating Agency Downgrade will have occurred if: (i) Party A’s short-term unsecured and unsubordinated debt rating (the “Short Term Rating”) is reduced below “A-1” by S&P or Party A’s long-term unsecured and unsubordinated debt rating (the “Long Term Rating”) is withdrawn or reduced below “A+” by S&P; (ii) Party A’s Short Term Rating is reduced below “P-1” by Moody’s or Party A’s Long Term Rating is withdrawn or reduced below “A2” by Moody’s; or (iii) Party A’s Short Term Rating is reduced below F-1 by Fitch or Party A’s Long Term Rating is withdrawn or reduced below “A” by Fitch.
The lowest rating that would not result in a Rating Agency Downgrade is referred to as the “Approved Rating Threshold”.
For the purposes hereof:
“Fitch” means Fitch Ratings Inc.
“Moody’s” means Xxxxx’x Investor Service, Inc.
“S&P” means Standard & Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc.
“Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder, that the party acting or failing to act has consulted the Relevant Rating Agency then providing a rating of the Certificates and received a written confirmation that the proposed action or inaction would not cause a downgrading or withdrawal of the then-current rating of the Certificates.
“Relevant Rating Agency” means each of Fitch, Moody’s and S&P.
Part 2. Tax Representations.
(a) |
Payer Tax Representations. For the purpose of Section 3(e) of this Agreement, Party A and Party B will each make the following representation:- |
It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Sections 2(e), 6(d)(ii) and 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on (i) the accuracy of any representation made by the other party pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) and 4(a)(iii) of this Agreement; and (iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.
(b) |
Payee Representations. |
|
(i) |
For the purpose of Section 3(f) of this Agreement, Party A makes the following representations to Party B: |
In respect of each Transaction that Party A enters into under this Agreement through an Office that is located in the U.S., Party A makes the following representation to Party B:
Each payment received or to be received by Party A in connection with this Agreement will be effectively connected with the conduct of a trade or business by Party A in the U.S.
In respect of each Transaction that Party A enters into under this Agreement through an Office that is not located in the U.S., Party A makes the following representations to Party B:
No payment received or to be received by Party A under this Agreement will be effectively connected with Party A’s conduct of a trade or business within the U.S. It is fully eligible for the benefits of the “Business Profits” or “Industrial and Commercial Profits” provision, as the case may be, the “Interest” provision or the “Other Income” provision (if any) of the Specified Treaty with respect to any payment described in such provisions and received or to be received by it in connection with this Agreement and no such payment is attributable to a trade or business carried on by it through a permanent establishment in the Specified Jurisdiction. Each payment received or to be received by it in connection with this Agreement (other than interest under Section 2(e), 6(d)(ii) and 6(e)) qualifies as “Business Profits,” “Industrial and Commercial Profits,” “Interest” or “Other Income” under the Specified Treaty.
If such representation applies, then:
“Specified Treaty” means, with respect to a Transaction, the tax treaty applicable between the United States of America and Switzerland.
“Specified Jurisdiction” means the United States of America.
Party A is a ‘non-U.S. branch of a foreign person’ as that term is used in section 1.1441-4(a)(3)(ii) of the U.S. Treasury Regulations (the “Regulations”), and Party A is a foreign person’ as that term is used in section 1.6041-4(a)(4) of the Regulations.
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(ii) |
For the purpose of Section 3(f) of this Agreement, Party B makes the following representations to Party A: |
|
(A) |
Party B is a trust organized and validly existing under the laws of the State of New York and regarded as a grantor trust for U.S. Federal income tax purposes. |
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(B) |
Party B is proportionately owned by holders of the Class CE Certificates (as such term is defined in that certain Pooling and Servicing Agreement dated as of November 1, 2005 with respect to MASTR Asset Backed Securities Trust 2005-NC2 Mortgage Pass-Through Certificates, by and among Mortgage Asset Securitization Transactions Inc., as Depositor, Ocwen Loan Servicing, LLC, as Servicer and U.S. Bank National Association as Trustee.) |
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(iii) |
For purposes of Sections 2(d)(i)(4) and 3(f), any payee tax representation specified in a Confirmation shall be deemed to be specified in Part 2(b) and shall be made and repeated at the times specified in Section 3 of this Agreement. |
Part 3. Agreement to Deliver Documents.
For the purpose of Sections 4(a)(i) and (ii) of this Agreement, each party agrees to deliver the following documents, as applicable:
(a) |
Tax forms, documents or certificates to be delivered are:- |
Party required to |
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Date by which |
Party A
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With respect to each Transaction that is entered into under this Agreement through an Office of Party A that is located in the U.S., one duly executed and completed U.S. Internal Revenue Service Form W-8ECI (or successor thereto). |
(i) Upon execution and delivery of this Agreement, with such form to be updated at the beginning of each succeeding three calendar year period beginning after execution of this Agreement, or as otherwise required under then applicable U.S. Treasury Regulations; (ii) promptly upon reasonable demand by Party B; and (iii) promptly upon learning that any Form W-8ECI (or any successor thereto) has become obsolete or incorrect. |
Party A |
With respect to each Transaction that is entered into under this Agreement through an Office of Party A that is not located in the U.S., one duly executed and completed U.S. Internal Revenue Service Form W-8BEN (or successor thereto). |
(i) Upon execution and delivery of this Agreement, with such form to be updated at the beginning of each succeeding three calendar year period beginning after execution of this Agreement, or as otherwise required under then applicable U.S. Treasury Regulations; (ii) promptly upon reasonable demand by Party B; and (iii) promptly upon learning that any Form W-8BEN (or any successor thereto) has become obsolete or incorrect.
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Party B |
For each Class CE Certificate holder, a duly completed and executed U.S. Internal Revenue Service Form W-9, W-8BEN or W-8IMY (with completed required withholding statement and IRS Form W-9 or W-8BEN for each partner). |
(i) Upon execution and delivery of this Agreement, (ii) promptly upon reasonable demand by Party A, and (iii) promptly upon learning that any such Form previously provided by Party B has become obsolete or incorrect. |
Party B |
A duly completed and executed U.S. Internal Revenue Service Form W-9 or W-8IMY (with completed required withholding statement and IRS Form W-9 or W-8BEN for each holder). |
(i) Upon execution and delivery of this Agreement, (ii) promptly upon reasonable demand by Party A, and (iii) promptly upon learning that any such Form previously provided by Party B has become obsolete or incorrect. |
(b) |
Other documents to be delivered are:- |
Party required to deliver document |
Form/Document/ |
Date by which |
Covered by |
Party A |
Certified copy of the Board of Directors resolution (or equivalent authorizing documentation) which sets forth the authority of each signatory to the Confirmation signing on its behalf and the authority of such party to enter into Transactions contemplated and performance of its obligations hereunder. |
Upon execution of this Agreement. |
Yes |
Party A and Party B |
Incumbency Certificate (or, if available the current authorized signature book or equivalent authorizing documentation) specifying the names, titles, authority and specimen signatures of the persons authorized to execute the Confirmation which sets forth the specimen signatures of each signatory to the Confirmation signing on its behalf. |
Concurrently with the execution and delivery of the Confirmation unless previously delivered and still in full force and effect. |
Yes |
Party B |
The Pooling and Servicing Agreement (“PSA”) |
Promptly upon execution of this Agreement |
Yes |
Party B |
Any notice of default as may be required under the PSA to be delivered to Party A. |
At the times specified in the PSA. |
Yes |
Party A and Party B |
Legal opinion in respect of such Party reasonably satisfactory in form and substance to the other party. |
No later than 15 days after closing |
No |
Part 4. Miscellaneous.
(a) |
Addresses for Notices. For the purpose of Section 12(a):- |
Address for notices or communications to Party A (for all purposes):-
Address: |
UBS AG, Stamford Branch |
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000 Xxxxxxxxxx Xxxxxxxxx |
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Xxxxxxxx, XX 00000 |
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Attention: |
Legal Affairs |
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Telephone No.: |
(000) 000-0000 |
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Facsimile No.: |
(000) 000-0000 |
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Address for notices or communications to Party B (for all purposes):
Address: |
U.S. Bank National Association |
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00 Xxxxxxxxxx Xxxxxx |
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XX-XX-XX0X |
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Xx. Xxxx, XX 00000 |
Attention: |
Structured Finance/MASTR 2005-NC2 |
Telephone No.: |
000-000-0000 |
Facsimile No.: |
000-000-0000 |
(b) |
Process Agent. For the purpose of Section 13(c):- |
Party A appoints as its Process Agent, Not applicable.
Party B appoints as its Process Agent, Not applicable.
(c) |
Offices. The provisions of Section 10(a) will apply to this Agreement. |
(d) |
Multibranch Party. For the purpose of Section 10(c) of this Agreement:- |
Party A is a Multibranch Party and may act through its branches in any of the following territories or countries: England and Wales, France, Hong Kong, United States of America, Singapore, Sweden and Switzerland.
Party B is not a Multibranch Party.
(e) |
Calculation Agent. The Calculation Agent is Party A, unless otherwise specified in a Confirmation in relation to the relevant Transaction. The failure of Party A to perform its obligations as Calculation Agent shall not be construed as an Event of Default or Termination Event. |
(f) |
Credit Support Document. Details of any Credit Support Document: |
In the case of Party A: Upon the occurrence of a Rating Agency Downgrade, the Credit Support Annex dated as of the date hereof shall be a Credit Support Document with respect to Party A.
In the case of Party B: The Pooling and Servicing Agreement shall be a Credit Support Document with respect to Party B.
(g) |
Credit Support Provider. |
In relation to Party A: Not applicable
In relation to Party B: Not applicable.
(h) |
Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York (without reference to choice of law doctrine other than NY General Obligations law Sections 5-1401 and 5-1402). |
(i) |
Jurisdiction. Section 13(b) is hereby amended by: (i) deleting in the second line of subparagraph (i) thereof the word “non-” and (ii) deleting the final paragraph thereof. The following shall be added at the end of Section 13(b): “Nothing in this provision shall prohibit a party from bringing an action to enforce a money judgment in any other jurisdiction.” |
(j) |
Netting of Payments. Subparagraph (ii) of Section 2(c) of this Agreement will apply to all of the Transactions (in each case starting from the date of this Agreement). |
(k) |
“Affiliate” will have the meaning specified in Section 14 of this Agreement; provided that with respect to Party B, Party B shall be deemed to not have any Affiliates for purposes of this Agreement, including for purposes of Section 6(b)(ii). |
Part 5. Other Provisions.
(a) |
WAIVER OF TRIAL BY JURY. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY IN ANY LEGAL PROCEEDING IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION THEREUNDER, AND ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO THE OTHER PARTY’S ENTERING INTO THIS AGREEMENT AND EACH TRANSACTION HEREUNDER. |
(b) |
Definitions. This Agreement, each Confirmation, and each Transaction are subject to the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. as amended, supplemented, updated, restated, and superseded from time to time (collectively the “Definitions”), and will be governed in all respects by the Definitions. The Definitions, as so modified are incorporated by reference in, and made part of, this Agreement and each Confirmation as if set forth in full in this Agreement and such Confirmations. Subject to Section 1(b), in the event of any inconsistency between the provisions of this Agreement and the Definitions, this Agreement will prevail. Also, subject to Section 1(b), in the event of any inconsistency between the provisions of any Confirmation and this Agreement, or the Definitions, such Confirmation will prevail for the purpose of the relevant Transaction. Terms capitalized but not defined herein except in the Definitions shall have the respective meanings attributed to them in the Pooling and Servicing Agreement. |
(c) |
Notices. For the purposes of subsections (iii) and (v) of Section 12(a), the date of receipt shall be presumed to be the date sent if sent on a Local Business Day or, if not sent on a Local Business Day, the date of receipt shall be presumed to be the first Local Business Day following the date sent. |
(d) |
Service of Process. The penultimate sentence of Section 13(c) shall be amended by adding the following language at the end thereof: "if permitted in the jurisdiction where the proceedings are initiated and in the jurisdiction where service is to be made." |
(e) |
Additional Representations. For purposes of Section 3 of this Agreement, the following shall be added, immediately following paragraph (f) thereof: |
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(i) |
No Agency. It is entering into this Agreement and each Transaction as principal (and not as agent or in any other capacity, fiduciary or otherwise). |
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(ii) |
Eligible Contract Participant. It is an “eligible contract participant” as that term is defined in Section 1a(12) of the U.S. Commodity Exchange Act (7 U.S.C. 1a) as amended by the Commodities Futures Modernization Act of 2000. |
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(iii) |
No Reliance. In connection with the negotiation of, the entering into, and the execution of, this Agreement, any Credit Support Document to which it is a party, and each Transaction hereunder, each party acknowledges and agrees that: (i) it is acting for its own account and is not acting as a fiduciary for, or a financial or investment advisor to the other party (or in any similar capacity); (ii) it is not relying upon any communications (whether written or oral) from the other party as investment advice or as a recommendation to enter into this Agreement, any Credit Support Document to which it is a party and each Transaction hereunder (other than the representations expressly set forth in this Agreement and in such Credit Support Document), it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction; (iii) it has not received from the other party any assurance or guarantee as to the expected results of any Transaction; and (iv) it has consulted with its own legal, regulatory, tax, business, investment, financial, and accounting advisors to the extent it has deemed necessary, and it has made its own independent investment, hedging, and trading decisions based upon its own judgment and upon any advice from such advisors as it has deemed necessary and not upon any view expressed by the other party. |
(f) |
No Setoff. Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. The provisions for Set-off set forth in Section 6(e) of the Agreement shall not apply for purposes of this Transaction; provided, however, that upon the designation of an Early Termination Date, in addition to, and not in limitation of any other right or remedy under applicable law, Party A may, by notice to Party B, require Party B to set off any sum or obligation that Party A owed to Party B against any collateral currently held by Party B that Party A has posted to Party B, and Party B shall effect such set-off promptly, if and to the extent permitted to do so under applicable law. |
(g) |
Non-Petition. Party A hereby irrevocably and unconditionally agrees that it will not institute against, or join any other person in instituting against, Party B, any bankruptcy, reorganization, arrangement, insolvency, or similar proceeding under the laws of the United States, the Cayman Islands or any other jurisdiction for the non-payment of any amount due hereunder or any other reason until the payment in full of the Certificates and the expiration of a period of one year plus one day (or, if longer, the applicable preference period) following such payment. |
(h) |
Severability. If any term, provision, covenant, or condition of this Agreement, or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) for any reason, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties; provided, however, that this severability provision will not be applicable if any provision of Section 2, 5, 6 or 13 (or any definition or provision in Section 14 to the extent it relates to, or is used in or in connection with, such section) is held to be invalid or unenforceable, provided, further, that the parties agree to first use reasonable efforts to amend the affected provisions of Section 2, 5, 6 or 13 (or any definition or provision in Section 14 to the extent it relates to, or is used in or in connection with, such section) so as to preserve the original intention of the parties. It shall in particular be understood that this severability clause shall not affect the single agreement concept of Section 1(c) of this Agreement. |
The parties shall endeavor to engage in good faith negotiations to replace any invalid or unenforceable term, provision, covenant or condition with a valid or enforceable term, provision, covenant or condition, the economic effect of which comes as close as possible to that of the invalid or unenforceable term, provision, covenant or condition.
(i) |
Tape Recording of Conversations. Each Party (i) consents to the recording of all telephone conversations between trading, operations and marketing personnel of the parties and their Affiliates in connection with this Agreement or any potential Transaction; (ii) agrees to give notice to such personnel that their calls will be recorded; and (iii) agrees that in any Proceedings, it will not object to the introduction of such recordings in evidence on grounds that consent was not properly given. |
(j) |
Amendment; Consent. Section 9(b) of the Agreement is amended by adding the following at the end of such Section: |
“No amendment, modification or waiver in respect of this Agreement will be effective unless the Rating Agency Condition is satisfied. The foregoing shall not, however, create any obligation on the part of UBS AG to provide any written notice to any Rating Agency.”
(k) |
Limitation of Liability. It is expressly understood and agreed by the parties hereto that insofar as this Agreement is executed by the trustee (i) this Agreement is executed by U.S. Bank National Association, not in its individual capacity but solely as trustee of the Supplemental Interest Trust in the exercise of the powers and authority conferred and vested in it under the terms of the Pooling and Servicing Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of Party B is made and intended not as a personal representation, undertaking or agreement by U.S. Bank National Association,. but is made and intended for the purpose of binding only the Supplemental Interest Trust; (iii) nothing herein contained shall be construed as imposing any liability on U.S. Bank National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto; and (iv) under no circumstances shall U.S. Bank National Association, in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Agreement. The obligations of Party B under this Agreement or any other related documents, as to all of thiwch recourse shall be had solely to the assets of the Supplemental Interest Trust, are limited recourse obligations, payable solely from the Swap Account, subject to and in accordance with the priority of payments and other terms of the Pooling and Servicing Agreement; and (v) the |
parties hereto acknowledge and agree that under (a) the Swap Administration Agreement, dated as of November 29, 2005, among UBS Real Estate Securities Inc., U.S. Bank National Association as swap administrator (in such capacity, the “Swap Administrator”), and U.S. Bank National Association as trustee on behalf of the Supplemental Interest Trust, and as trustee on behalf of the holders of the MASTR Asset-Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2, (b) the Pooling and Servicing Agreement, and (c) this Agreement, the Swap Administrator may act for Party B hereunder, and Party A hereby acknowledges and agrees that it will, unless otherwise directed by the Trustee or the Swap Administrator, make all payments hereunder to the account specified below. Party A shall be entitled to rely, shall be fully protected in relying, and shall incur no liability from relying in good faith, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, facsimile or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the Swap Administrator in connection with the foregoing.
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(l) |
Third Party Beneficiary. Party A shall be a third-party beneficiary of the provisions of the Pooling and Servicing Agreement and shall be entitled to any priority of payments under the Pooling and Servicing Agreement, and any other terms protecting its rights, according to the terms of the Pooling and Servicing Agreement. |
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(m) |
Assignments or Transfers. Neither this Agreement, any interest or obligation in or under this Agreement, nor any Transaction may be transferred by Party A without the Rating Agency Condition being satisfied, other than in accordance with the terms of this Agreement. |
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(n) |
Deduction or Withholding for Tax. The provisions of Section 2(d)(i)(4) and 2(d)(ii) of the Agreement shall not apply to Party B and Party B shall not be required to pay any additional amounts referred to therein. |
The parties executing this Schedule have executed the Master Agreement and have agreed as to the contents of this Schedule.
UBS AG |
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U.S. Bank National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust, with respect to the MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass Through Certificates, Series 2005-NC2
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Party A |
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Party B
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By:______________________________ |
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By:______________________________ |
Name: |
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Name: |
Title: |
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Title: |
Date: |
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Date: |
By:________________________________ |
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Name: |
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Title: |
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Date: |
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EXECUTION COPY AMENDMENT This Amendment Agreement (the "AMENDMENT") is made and entered into on this 2ND DAY OF DECEMBER, 2005 between UBS AG, a banking corporation organized under the laws of Switzerland ("PARTY A") and U.S. BANK NATIONAL ASSOCIATION, not individually, but solely as trustee on behalf of the Supplemental Interest Trust with respect to the MASTR Asset Backed Securities Trust 2005-NC2 Mortgage Pass Through Certificates, Series 2005-NC2 ("PARTY B"). WHEREAS, Party A and Party B entered into an ISDA Master Agreement dated as of NOVEMBER 29, 2005 as amended and supplemented from time to time, (the "AGREEMENT"), which Agreement includes, without limitation, the Schedule, and all Confirmations exchanged between the parties confirming the Transactions thereunder; and WHEREAS, Party A and Party B desire to amend the Agreement. Accordingly, in consideration of the mutual agreements herein contained, the parties agree as follows: SECTION 1. ADDITIONAL TERMINATION EVENTS. 1. Part 1(m)(i)(3) of the Schedule to the Agreement is hereby deleted and replaced in its entirety with the following: "3. The majority holder of the Class CE Certificates, the Servicer or the NIMS Insurer, if any, exercise the option to purchase the mortgage loans pursuant to Section 9.01 of the Pooling and Servicing Agreement; provided, however, that notwithstanding Section 6(b)(iv) of the Agreement, either Party A or Party B has the right to designate the final Distribution Date (as defined in the Pooling and Servicing Agreement) as an Early Termination Date in respect of this Additional Termination Event, it being understood that Party B shall be the sole Affected Party." 2. Part 1(m)(ii) of the Schedule to the Agreement is hereby deleted and replaced in its entirety with the following: "(ii) If a Rating Agency Downgrade has occurred and Party A has not, within 30 days, complied with Part 5(p) below, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. SECTION 2. OTHER PROVISIONS. The following paragraph (p) shall be added to Part 5 of the Schedule: "(p) RATING AGENCY DOWNGRADE. In the event of a Rating Agency Downgrade (as defined below) with respect to Party A (or any applicable Credit Support Provider), unless within thirty (30) days after the occurrence of such event, each Relevant Rating Agency has reconfirmed in writing the rating of the MASTR Asset Backed Securities Trust 2005-NC1, Mortgage Pass Through Certificates, Series 2005-NC2 (the "Certificates") which was in effect immediately prior to such Rating Agency Downgrade, Party A shall, at its sole expense, and within 30 days, either: (1) deliver collateral subject to the Rating Agency Condition under any required Credit Support Document (which Credit Support Document shall impose no obligations on Party A until the occurrence of a Rating Agency Downgrade as defined below); or (2) assign this Agreement to, or obtain a replacement master agreement and transaction thereunder, subject to the Rating Agency Condition (the documentation of which satisfies each Relevant Rating Agency) with any bank or financial institution (or any party providing credit support on such Person's behalf) that meets or exceeds the Approved Rating Threshold; or (3) establish any other arrangement satisfactory to each Relevant Rating Agency subject to the Rating Agency Condition. If Party A elects to deliver collateral as described in clause (i) above, such collateral shall be governed by the ISDA form of Credit Support Annex (NY law form) (as amended, supplemented or otherwise modified from time to time), as such form will be agreed to by Party A and Party B. For the purposes hereof, a Rating Agency Downgrade will have occurred if: (i) Party A's short-term unsecured and unsubordinated debt rating (the "Short Term Rating") is reduced below "A-1" by S and P or Party A's long-term unsecured and unsubordinated debt rating (the "Long Term Rating") is withdrawn or reduced below "A+" by S and P; (ii) Party A's Short Term Rating is reduced below "P-1" by Moody's or Party A's Long Term Rating is withdrawn or reduced below "A2" by Moody's; or (iii) Party A's Short Term Rating is reduced below F-1 by Fitch or Party A's Long Term Rating is withdrawn or reduced below "A" by Fitch. The lowest rating that would not result in a Rating Agency Downgrade is referred to as the "Approved Rating Threshold." For the purposes hereof: "FITCH" means Fitch Ratings Inc. "MOODY'S" means Xxxxx'x Investor Service, Inc. "S and P" means Standard and Poor's Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. "RATING AGENCY CONDITION" means, with respect to any particular proposed act or omission to act hereunder, that the party acting or failing to act has consulted the Relevant Rating Agency then providing a rating of the Certificates and received a written confirmation that the proposed action or inaction would not cause a downgrading or withdrawal of the then-current rating of the Certificates. "RELEVANT RATING AGENCY" means each of Fitch, Moody's and S and P." It is hereby agreed and understood by the parties hereto that failure to comply with the provisions of this Part 5(p) shall be treated as an Additional Termination Event under Part 1(m)(ii) of this Schedule and shall not be an Event of Default under this Agreement." SECTION 3. MISCELLANEOUS. (a) REPRESENTATIONS. Each party represents to the other party that all representations contained in the Agreement are true and accurate as of the date of this Amendment and that such representations are deemed to be given or repeated by each party, as the case may be, on the date of this Amendment and with respect to the Agreement as amended hereby. (b) ENTIRE AGREEMENT. This Amendment constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communications and prior writings with respect thereto. (c) DEFINITIONS. All capitalized terms used in this Amendment (but not defined herein) shall have the same meaning ascribed to them in the Agreement. (d) DOCUMENTS TO BE DELIVERED. Each party shall deliver to the other, at the time of its execution of this Amendment, evidence of the specimen signature and incumbency of each person who is executing this Amendment on the party's behalf, unless such evidence has previously been supplied in connection with the Agreement and remains true and in effect. (e) GOVERNING LAW. This Amendment will be governed by and construed in accordance with the laws of the State of New York (without reference to choice of law doctrine). (f) AGREEMENT CONTINUATION. The Agreement, as modified herein, shall continue in full force and effect, and nothing herein contained shall be construed as a waiver or modification of existing rights under the Agreement, except as such rights are expressly modified hereby. (g) COUNTERPARTS. This Amendment may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. [signature block on the following page] IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective authorized officers or representatives as of the date first above written. UBS AG U.S. BANK NATIONAL ASSOCIATION Not individually, but solely as trustee on behalf of the Supplemental Interest Trust with respect to the MASTR Asset Backed Securities Trust 2005-NC2, Mortgage Pass Through Certificates, Series 2005-NC2 By: _______________________________ By: _______________________________ Name: Name: Title: Title: Date: Date: By: _______________________________ Name: Title: Date:
EXHIBIT N
FORM OF SWAP ADMINISTRATION AGREEMENT
SWAP ADMINISTRATION AGREEMENT
This Swap Administration Agreement, dated as of November 29, 2005 (this “Agreement”), among U.S. Bank National Association, a national banking association (“U.S. Bank”), as swap administrator (in such capacity, the “Swap Administrator”) and as trustee and the supplemental interest trust trustee under the Pooling and Servicing Agreement, as hereinafter defined (in such capacity, the “Trustee” and “Supplemental Interest Trust Trustee”), and UBS Real Estate Securities Inc (“UBSRES”).
WHEREAS, the Trustee, on behalf of the holders of the MASTR Asset-Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2, is counterparty to an Interest Rate Swap Agreement (the “Swap Agreement”), a copy of which is attached hereto as Exhibit A, between the Supplemental Interest Trust Trustee and UBS AG (“UBS AG”); and
WHEREAS, it is desirable to irrevocably appoint the Swap Administrator, and the Swap Administrator desires to accept such appointment, to receive and distribute funds payable by UBS AG under the Swap Agreement as provided herein;
NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:
1. Definitions. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of November 1, 2005 (the “Pooling and Servicing Agreement”), among Mortgage Asset Securitization Transactions, Inc., as depositor, Ocwen Loan Servicing, LLC, as servicer, and the Trustee, relating to the MASTR Asset-Backed Securities Trust 2005-NC2, Mortgage Pass-Through Certificates, Series 2005-NC2 (the “Certificates”), or in the related Indenture, as the case may be, as in effect on the date hereof.
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2. |
Swap Administrator. |
(a) The Swap Administrator is hereby irrevocably appointed to receive all funds paid to the Supplemental Interest Trust Trustee by UBS AG, or its successors in interest (the “Swap Provider”) under the Swap Agreement (including any Swap Termination Payment) and the Swap Administrator hereby accepts such appointment and hereby agrees to receive such amounts from the Supplemental Interest Trust Trustee and to distribute on each Distribution Date such amounts in the following order of priority:
(i) first, to the Trustee for deposit into the Swap Account, an amount equal to the sum of the following amounts remaining outstanding after distribution of the Net Monthly Excess Cashflow: (A) Unpaid Interest Shortfall Amounts; (B) Net WAC Rate Carryover Amounts; (C) an amount necessary to maintain or restore the Overcollateralization Target Amount; and (D) any Allocated Realized Loss Amounts;
(ii) second, to UBSRES, any amounts remaining after payment of (i) above, provided, however, upon the issuance of notes by an issuer (the “Trust”), secured by all
or a portion of the Class CE Certificates and the Class P Certificates (the “NIM Notes”), UBSRES hereby instructs the Swap Administrator to make any payments under this clause 2(a)(ii) in the following order of priority:
(A) to the Indenture Trustee for the Trust, for deposit into the Note Account (each as to defined in the related Indenture), and until satisfaction and discharge of the Indenture, the Floating Amount (as defined in Annex I); and
(B) concurrently, to the Holders of the Class CE Certificates, pro rata based on the outstanding Notional Amount of each such Certificate; provided, however, that any Swap Termination Payment received by the Swap Administrator shall not be payable to the Holders of the Class CE Certificates pursuant to this clause (ii)(B) without the prior written consent of the NIMS Insurer, if any and the Rating Agencies.
(b) The Swap Administrator agrees to hold any amounts received from the Supplemental Interest Trust Trustee in trust upon the terms and conditions and for the exclusive use and benefit of the Trustee and the Indenture Trustee, as applicable (in turn for the benefit of the Certificateholders, the Noteholders and the NIMS Insurer, if any) as set forth herein. The rights, duties and liabilities of the Swap Administrator in respect of this Agreement shall be as follows:
(i) The Swap Administrator shall have the full power and authority to do all things not inconsistent with the provisions of this Agreement that it may deem advisable in order to enforce the provisions hereof. The Swap Administrator shall not be answerable or accountable except for its own bad faith, willful misconduct or negligence. The Swap Administrator shall not be required to take any action to exercise or enforce any of its rights or powers hereunder which, in the opinion of the Swap Administrator, shall be likely to involve expense or liability to the Swap Administrator, unless the Swap Administrator shall have received an agreement satisfactory to it in its sole discretion to indemnify it against such liability and expense.
(ii) The Swap Administrator shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of any party hereto or the NIMS Insurer, if any, or otherwise as provided herein, relating to the time, method and place of conducting any proceeding for any remedy available to the Swap Administrator or exercising any right or power conferred upon the Swap Administrator under this Agreement.
(iii) The Swap Administrator may perform any duties hereunder either directly or by or through agents or attorneys of the Swap Administrator. The Swap Administrator shall not be liable for the acts or omissions of its agents or attorneys so long as the Swap Administrator chose such Persons with due care.
3. Swap Administration Account. The Swap Administrator shall segregate and hold all funds received from the Supplemental Interest Trust Trustee (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall
establish and maintain in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “Swap Account”), held in trust for the benefit of the Trustee, the Indenture Trustee and the parties to this Agreement. All amounts on deposit in the Swap Account shall remain uninvested unless the Swap Administrator receives instructions to the contrary from any party hereto, with the consent of the NIMS Insurer, if any. The Swap Administrator hereby agrees that it holds and shall hold the Swap Account and all amounts deposited therein in trust for the exclusive use and benefit of the Trustee and the Indenture Trustee as their interests may appear.
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4. |
Replacement Swap Agreements. |
The Supplemental Interest Trust Trustee shall, at the direction of the NIMS Insurer, if any, or, with the consent of the NIMS Insurer, if any, at the direction of UBSRES, enforce all of its rights and exercise any remedies under the Swap Agreement. In the event the Swap Agreement is terminated as a result of the designation by either party thereto of an Early Termination Date (as defined therein), the Trustee shall, at the direction of UBSRES, find a replacement counterparty to enter into a replacement swap agreement.
Any Swap Termination Payment received by the Swap Administrator from the Supplemental Interest Trust Trustee shall be deposited in the Swap Account and shall be used to make any upfront payment required under a replacement swap agreement and any upfront payment received from the counterparty to a replacement swap agreement shall be used to pay any Swap Termination Payment owed to the Swap Provider.
5. Representations and Warranties of U.S. Bank. U.S. Bank represents and warrants as follows:
(a) U.S. Bank is duly organized and validly existing as a national banking association under the laws of the United States and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations as Swap Administrator hereunder.
(b) The execution, delivery and performance of this Agreement by U.S. Bank as Trustee have been duly authorized in the Pooling and Servicing Agreement.
(c) This Agreement has been duly executed and delivered by U.S. Bank as Swap Administrator, Trustee and Supplemental Interest Trust Trustee and is enforceable against U.S. Bank in such capacities in accordance with its terms, except as enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law).
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6. |
Replacement of Swap Administrator. |
Any corporation, bank, trust company or association into which the Swap Administrator may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Swap Administrator shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the
Swap Administrator, shall be the successor of the Swap Administrator hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, except to the extent that assumption of its duties and obligations, as such, is not effected by operation of law.
No resignation or removal of the Swap Administrator and no appointment of a successor Swap Administrator shall become effective until the appointment by UBSRES of a successor swap administrator acceptable to the NIMS Insurer, if any. Any successor swap administrator shall execute such documents or instruments necessary or appropriate to vest in and confirm to such successor swap administrator all such rights and powers conferred by this Agreement.
The Swap Administrator may resign at any time by giving written notice thereof to the other parties hereto with a copy to the NIMS Insurer, if any. If a successor swap administrator shall not have accepted the appointment hereunder within 30 days after the giving by the resigning Swap Administrator of such notice of resignation, the resigning Swap Administrator may petition any court of competent jurisdiction for the appointment of a successor swap administrator acceptable to the NIMS Insurer, if any.
In the event of a resignation or removal of the Swap Administrator, UBSRES shall promptly appoint a successor Swap Administrator acceptable to the NIMS Insurer, if any. If no such appointment has been made within 10 days of the resignation or removal, the NIMS Insurer, if any, may appoint a successor Swap Administrator.
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7. |
Trustee Obligations. |
Whenever the Supplemental Interest Trust Trustee, as a party to the Swap Agreement, has the option or is requested in such capacity, whether such request is by the counterparty to such agreement, to take any action or to give any consent, approval or waiver that it is entitled to take or give in such capacity, including, without limitation, in connection with an amendment of such agreement or the occurrence of a default or termination event thereunder, the Supplemental Interest Trust Trustee shall promptly notify the parties hereto and the NIMS Insurer, if any, of such request in such detail as is available to it and, shall, on behalf of the parties hereto and the NIMS Insurer, if any, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as the NIMS Insurer, if any, shall direct in writing; provided that if no such direction is received prior to the date that is established for taking such action or giving such consent, approval or waiver (notice of which date shall be given by the Supplemental Interest Trust Trustee to the parties hereto and the NIMS Insurer, if any), the Supplemental Interest Trust Trustee may abstain from taking such action or giving such consent, approval or waiver.
The Supplemental Interest Trust Trustee shall forward to the parties hereto and the NIMS Insurer, if any, on the Payment Date following its receipt thereof copies of any and all notices, statements, reports and/or other material communications and information (collectively, the “Swap Reports”) that it receives in connection with the Swap Agreement or from the counterparty thereto.
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8. |
Miscellaneous. |
(a) This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
(b) Any action or proceeding against any of the parties hereto relating in any way to this Agreement may be brought and enforced in the courts of the State of New York sitting in the borough of Manhattan or of the United States District Court for the Southern District of New York and the Swap Administrator irrevocably submits to the jurisdiction of each such court in respect of any such action or proceeding. The Swap Administrator waives, to the fullest extent permitted by law, any right to remove any such action or proceeding by reason of improper venue or inconvenient forum.
(c) This Agreement may be amended, supplemented or modified in writing by the parties hereto, but only with the consent of the NIMS Insurer, if any.
(d) This Agreement may not be assigned or transferred without the prior written consent of the NIMS Insurer, if any; provided, however, the parties hereto acknowledge and agree to the assignment of the rights of UBSRES as provided under this Agreement pursuant to the Sale Agreement, the Trust Agreement and the Indenture.
(e) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile transmission), and all such counterparts taken together shall be deemed to constitute one and the same instrument.
(f) Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
(g) The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty.
(h) The article and section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.
(i) The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty.
9. Third-Party Beneficiary. Each of the Note Insurer, the Backup Note Insurer and the Indenture Trustee, if any, shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall have the right to enforce the provisions of this Agreement.
10. Swap Administrator and Trustee Rights. The Swap Administrator shall be entitled to the same rights, protections and indemnities afforded to the Trustee under the Pooling and Servicing Agreement and the Indenture Trustee under the Indenture, in each case, as if specifically set forth herein with respect to the Swap Administrator.
The Trustee and the Supplemental Interest Trust Trustee shall be entitled to the same rights, protections and indemnities afforded to the Trustee under the Pooling and Servicing Agreement as if specifically set forth herein with respect to the Trustee.
11. Limited Recourse. It is expressly understood and agreed by the parties hereto that this Agreement is executed and delivered by the Trustee, not in its individual capacity but solely as trustee under the Pooling and Servicing Agreement. Notwithstanding any other provisions of this Agreement, the obligations of the Trustee under this Agreement are non-recourse to the Trustee, its assets and its property, and shall be payable solely from the assets of the Trust Fund, and following realization of such assets, any claims of any party hereto shall be extinguished and shall not thereafter be reinstated. No recourse shall be had against any principal, director, officer, employee, beneficiary, shareholder, partner, member, trustee, agent or affiliate of the Trustee or any person owning, directly or indirectly, any legal or beneficial interest in the Trustee, or any successors or assigns of any of the foregoing (the “Exculpated Parties”) for the payment of any amount payable under this Agreement. The parties hereto shall not enforce the liability and obligations of the Trustee to perform and observe the obligations contained in this Agreement by any action or proceeding wherein a money judgment establishing any personal liability shall be sought against the Trustee, subject to the following sentence, or the Exculpated Parties. The agreements in this paragraph shall survive termination of this Agreement and the performance of all obligations hereunder.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the day and year first above written.
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U.S. BANK NATIONAL ASSOCIATION as Swap Administrator | |
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By: |
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Name: | |
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Title: |
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U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as Trustee and Supplemental Interest Trust Trustee under the Pooling and Servicing Agreement | |
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By: |
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Name: | |
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Title: |
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UBS REAL ESTATE SECURITIES INC. | |
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By: |
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Title: | |
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By: |
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EXHIBIT A
INTEREST RATE SWAP AGREEMENT
SEE EXHIBIT M
ANNEX I
The amounts paid under clause 2(a)(ii) of the Swap Administration Agreement shall be calculated as follows:
Floating Amount: |
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Floating Rate Payer: |
U.S. Bank National Association |
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Cap Rate: |
15.00%
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Floating Amount
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To be determined in accordance with the following formula:
The product of: (i) 250; (ii) the Cap Rate, (iii) the Notional Amount; and (iv) the Floating Rate Day Count Fraction;
provided, however, the Swap Administrator will only be obligated to pay the Floating Amount up to the amount remaining after payments are made under clause 2(a)(i) of the Swap Administration Agreement.
The Floating Amount shall be paid to the Indenture Trustee for payment in accordance with Section 2.09(e) of the Indenture. |
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Floating Rate Day Count Fraction: |
Actual/360. |
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Notional Amount: |
The amount set forth for such period in the Amortization Schedule A. |
SCHEDULE A TO ANNEX I
Distribution Date |
Base Calculation Amount | |
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December 25, 2005 |
$3,611,150 | |
January 25, 2006 |
$3,574,475 | |
February 25, 2006 |
$3,525,632 | |
March 25, 2006 |
$3,464,599 | |
April 25, 2006 |
$3,391,435 | |
May 25, 2006 |
$3,306,348 | |
June 25, 2006 |
$3,209,630 | |
July 25, 2006 |
$3,101,736 | |
August 25, 2006 |
$2,983,208 | |
September 25, 2006 |
$2,842,513 | |
October 25, 2006 |
$2,700,645 | |
November 25, 2006 |
$2,565,672 | |
December 25, 2006 |
$2,437,258 | |
January 25, 2007 |
$2,315,084 | |
February 25, 2007 |
$2,198,849 | |
March 25, 2007 |
$2,088,262 | |
April 25, 2007 |
$1,983,050 | |
May 25, 2007 |
$1,882,951 | |
June 25, 2007 |
$1,787,716 | |
July 25, 2007 |
$1,697,110 | |
August 25, 2007 |
$1,503,592 | |
September 25, 2007 |
$1,331,187 | |
October 25, 2007 |
$1,176,877 | |
November 25, 2007 |
$1,039,610 | |
December 25, 2007 |
$917,372 | |
January 25, 2008 |
$857,151 | |
February 25, 2008 |
$842,127 | |
March 25, 2008 |
$791,102 | |
April 25, 2008 |
$743,181 | |
May 25, 2008 |
$698,227 | |
June 25, 2008 |
$655,990 | |
July 25, 2008 |
$616,307 | |
August 25, 2008 |
$579,022 | |
September 25, 2008 |
$543,992 | |
October 25, 2008 |
$129,672 | |
November 25, 2008 |
$121,805 | |
December 25, 2008 |
$114,321 | |
January 25, 2009 |
$107,090 | |
February 25, 2009 |
$100,297 | |
March 25, 2009 |
$93,916 | |
SCHEDULE 1
MORTGAGE LOAN SCHEDULE
Loan Number Arm/Fixed Amortization Original Balance Current Balance ----------- --------- ------------ ---------------- --------------- 2142136 Arm Interest Only 453000 452979.97 1002781546 Arm Interest Only 250000 249997.12 1002781564 Arm Interest Only 230592 230591.98 1002781680 Arm Interest Only 396000 396000 1002781804 Arm Interest Only 124000 124000 1002782028 Arm Interest Only 251960 251950 1002782215 Arm Interest Only 256000 256000 1002782527 Arm Interest Only 369750 369750 1002782698 Arm Interest Only 534400 534400 1002782830 Arm Interest Only 143920 143920 1002783036 Arm Interest Only 329404 329404 1002783125 Arm Interest Only 248000 248000 1002783287 Arm Interest Only 236000 236000 1002783633 Arm Interest Only 123200 123200 1002783848 Arm Interest Only 248000 247977.62 1002784106 Arm Interest Only 311920 311919.23 1002891972 Arm Interest Only 97750 97745.85 1002892007 Arm Interest Only 360000 359898.18 1002892016 Arm Interest Only 459000 458799.4 1002892409 Arm Interest Only 487000 486999.98 1002892418 Arm Interest Only 256000 255999.99 1002892597 Arm Interest Only 178000 177999.99 1002892748 Arm Interest Only 146924 146923.99 1002892819 Arm Interest Only 85928 85927.61 1003016961 Arm Interest Only 179920 179920 1003016998 Arm Interest Only 179920 179920 1003017041 Arm Interest Only 277100 277099.98 0000000000 Arm Interest Only 332500 332500 1003017568 Arm Interest Only 204000 204000 1003017602 Arm Interest Only 603500 603499.99 1003016131 Arm Interest Only 108000 108000 1003016195 Arm Interest Only 90000 90000 1003016275 Arm Interest Only 147120 147120 1003016300 Arm Interest Only 252000 252000 1003016364 Arm Interest Only 113192 113192 2129171 Arm Interest Only 262000 262000 2175381 Arm Interest Only 156650 156650 2176416 Arm Interest Only 139500 139500 2177105 Arm Interest Only 492000 492000 2164679 Arm Interest Only 105600 105600 2180042 Arm Interest Only 127020 127020 2180243 Arm Interest Only 193500 193500 2181188 Arm Interest Only 233750 233750 2177161 Arm Interest Only 144000 144000 2177619 Arm Interest Only 240000 240000 2178027 Arm Interest Only 168700 168700 2181755 Arm Interest Only 103600 103600 2182552 Arm Interest Only 435000 435000 2182590 Arm Interest Only 205000 205000 2182672 Arm Interest Only 337450 337450 2185684 Arm Interest Only 296000 296000 2185711 Arm Interest Only 202500 202499.96 2185783 Arm Interest Only 157000 157000 2186045 Arm Interest Only 296000 296000 2186236 Arm Interest Only 126000 126000 2183973 Arm Interest Only 250000 249999.82 2184111 Arm Interest Only 124800 124800 2185084 Arm Interest Only 240800 240800 2185171 Arm Interest Only 225000 225000 2185305 Arm Interest Only 324000 324000 2185444 Arm Interest Only 131250 131224.22 2186433 Arm Interest Only 168000 168000 2186671 Arm Interest Only 112800 112800 2186972 Arm Interest Only 364000 364000 2187035 Arm Interest Only 156000 156000 2187043 Arm Interest Only 165000 165000 2190028 Arm Interest Only 416000 415900 2190523 Arm Interest Only 315000 315000 2190951 Arm Interest Only 148500 148500 2191207 Arm Interest Only 250000 250000 2187622 Arm Interest Only 188000 188000 2187962 Arm Interest Only 512550 512504.54 2188385 Arm Interest Only 276250 276250 2199289 Arm Interest Only 234000 234000 2199707 Arm Interest Only 117750 117750 1003115248 Arm Interest Only 210000 210000 1003115257 Arm Interest Only 164000 164000 1003115435 Arm Interest Only 140800 140800 1003115596 Arm Interest Only 484500 484500 1003115961 Arm Interest Only 300000 300000 1003116345 Arm Interest Only 159920 159920 1003116602 Arm Interest Only 416000 416000 1003116924 Arm Interest Only 352750 352750 1002313874 Arm Interest Only 352000 352000 1002314837 Arm Interest Only 232000 232000 1002216300 Arm Interest Only 320000 320000 0000000000 Arm Interest Only 245600 245600 1002367156 Arm Interest Only 321428 321428 0000000000 Arm Interest Only 297000 297000 1002369859 Arm Interest Only 295816 295816 1002373568 Arm Interest Only 324000 324000 1002374193 Arm Interest Only 196000 195999.96 1002376798 Arm Interest Only 222500 222347.07 1002379660 Arm Interest Only 228000 228000 1003105810 Arm Interest Only 520000 520000 1003106347 Arm Interest Only 452000 452000 1003106793 Arm Interest Only 496000 495999.99 1003106819 Arm Interest Only 101600 101600 1003106864 Arm Interest Only 396000 395500 1003106999 Arm Interest Only 437200 437199.99 1003107033 Arm Interest Only 276800 276800 1003118352 Arm Interest Only 169600 169600 1003118432 Arm Interest Only 430000 430000 1003118646 Arm Interest Only 256500 256500 1003118762 Arm Interest Only 184800 184800 1003118833 Arm Interest Only 456000 456000 1003118897 Arm Interest Only 342000 342000 1003119002 Arm Interest Only 207000 207000 1003119011 Arm Interest Only 258400 258399.99 1003112955 Arm Interest Only 149800 149799.98 1003113151 Arm Interest Only 500000 500000 1003113160 Arm Interest Only 388000 388000 1003113632 Arm Interest Only 266000 265999.99 1003113918 Arm Interest Only 190400 190400 1003114070 Arm Interest Only 276800 276799.99 1003114472 Arm Interest Only 348000 348000 1003115104 Arm Interest Only 252000 252000 1003116951 Arm Interest Only 212000 211999.99 1003117013 Arm Interest Only 252000 251886.88 1003117246 Arm Interest Only 208000 208000 1003117521 Arm Interest Only 308700 308699.99 1003117772 Arm Interest Only 477000 477000 1003117898 Arm Interest Only 192000 192000 1003118110 Arm Interest Only 320000 319999.99 1003118147 Arm Interest Only 93600 93600 1003112072 Arm Interest Only 185000 184999.99 1003112134 Arm Interest Only 130000 129932.51 1003112161 Arm Interest Only 96000 96000 0000000000 Arm Interest Only 275600 275600 1003112438 Arm Interest Only 401600 401600 1003112544 Arm Interest Only 200868 200868 1003112679 Arm Interest Only 176000 175999.99 1003112839 Arm Interest Only 528000 528000 1003120250 Arm Interest Only 261000 261000 1003120269 Arm Interest Only 165600 165600 1003120456 Arm Interest Only 280000 279999.27 1003120722 Arm Interest Only 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172300 172300 1002779906 Arm Interest Only 323000 322999.98 0000000000 Arm Interest Only 434000 434000 1002780020 Arm Interest Only 124000 124000 1002780315 Arm Interest Only 285000 285000 1002780798 Arm Interest Only 260000 260000 1002781154 Arm Interest Only 205600 205599.99 1002781305 Arm Interest Only 325500 325500 1002781314 Arm Interest Only 151200 151199.14 1002781500 Arm Interest Only 380000 379999.97 Loan Number Scheduled Balance Original Rate Current Rate Servicing Master Servicing Fee ----------- ----------------- ------------- ------------ --------- -------------------- 2142136 452,979.97 5.775 5.775 0.5 0 1002781546 249,997.12 5.775 5.775 0.5 0 1002781564 230,591.98 7.325 7.325 0.5 0 1002781680 396,000.00 6.875 6.875 0.5 0 1002781804 124,000.00 6.75 6.75 0.5 0 1002782028 251,950.00 6.025 6.025 0.5 0 1002782215 256,000.00 6.875 6.875 0.5 0 1002782527 369,750.00 6.55 6.55 0.5 0 1002782698 534,400.00 6.5 6.5 0.5 0 1002782830 143,920.00 6.375 6.375 0.5 0 1002783036 329,404.00 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0.5 0 2190028 415,900.00 5.25 5.25 0.5 0 2190523 315,000.00 5.325 5.325 0.5 0 2190951 148,500.00 6.25 6.25 0.5 0 2191207 250,000.00 6.5 6.5 0.5 0 2187622 188,000.00 5.625 5.625 0.5 0 2187962 512,504.54 5.25 5.25 0.5 0 2188385 276,250.00 6.75 6.75 0.5 0 2199289 234,000.00 5.75 5.75 0.5 0 2199707 117,750.00 6.475 6.475 0.5 0 1003115248 210,000.00 7.465 7.465 0.5 0 1003115257 164,000.00 7.99 7.99 0.5 0 1003115435 140,800.00 5.975 5.975 0.5 0 1003115596 484,500.00 5.25 5.25 0.5 0 1003115961 300,000.00 7.2 7.2 0.5 0 1003116345 159,920.00 7.925 7.925 0.5 0 1003116602 416,000.00 6.25 6.25 0.5 0 1003116924 352,750.00 6.5 6.5 0.5 0 1002313874 352,000.00 7.95 7.95 0.5 0 1002314837 232,000.00 6.875 6.875 0.5 0 1002216300 320,000.00 7.425 7.425 0.5 0 0000000000 245,600.00 5.85 5.85 0.5 0 1002367156 321,428.00 7 7 0.5 0 0000000000 297,000.00 5.99 5.99 0.5 0 1002369859 295,816.00 5.55 5.55 0.5 0 1002373568 324,000.00 7.15 7.15 0.5 0 1002374193 195,999.96 7.15 7.15 0.5 0 1002376798 222,347.07 7.65 7.65 0.5 0 1002379660 228,000.00 8.2 8.2 0.5 0 1003105810 520,000.00 6.3 6.3 0.5 0 1003106347 452,000.00 6.93 6.93 0.5 0 1003106793 495,999.99 5.725 5.725 0.5 0 1003106819 101,600.00 6.825 6.825 0.5 0 1003106864 395,500.00 5.99 5.99 0.5 0 1003106999 437,199.99 6.725 6.725 0.5 0 1003107033 276,800.00 6.4 6.4 0.5 0 1003118352 169,600.00 6.125 6.125 0.5 0 1003118432 430,000.00 6.9 6.9 0.5 0 1003118646 256,500.00 5.7 5.7 0.5 0 1003118762 184,800.00 6.45 6.45 0.5 0 1003118833 456,000.00 5.4 5.4 0.5 0 1003118897 342,000.00 7.125 7.125 0.5 0 1003119002 207,000.00 6.8 6.8 0.5 0 1003119011 258,399.99 6.625 6.625 0.5 0 1003112955 149,799.98 7.3 7.3 0.5 0 1003113151 500,000.00 8.325 8.325 0.5 0 1003113160 388,000.00 5.99 5.99 0.5 0 1003113632 265,999.99 5.99 5.99 0.5 0 1003113918 190,400.00 6.888 6.888 0.5 0 1003114070 276,799.99 5.375 5.375 0.5 0 1003114472 348,000.00 7.35 7.35 0.5 0 1003115104 252,000.00 6.5 6.5 0.5 0 1003116951 211,999.99 5.75 5.75 0.5 0 1003117013 251,886.88 7.525 7.525 0.5 0 1003117246 208,000.00 6.125 6.125 0.5 0 1003117521 308,699.99 6.475 6.475 0.5 0 1003117772 477,000.00 6.45 6.45 0.5 0 1003117898 192,000.00 7.25 7.25 0.5 0 1003118110 319,999.99 6.425 6.425 0.5 0 1003118147 93,600.00 6.975 6.975 0.5 0 1003112072 184,999.99 5.525 5.525 0.5 0 1003112134 129,932.51 6.6 6.6 0.5 0 1003112161 96,000.00 6.55 6.55 0.5 0 0000000000 275,600.00 6.85 6.85 0.5 0 1003112438 401,600.00 6.15 6.15 0.5 0 1003112544 200,868.00 7.825 7.825 0.5 0 1003112679 175,999.99 5.99 5.99 0.5 0 1003112839 528,000.00 6.825 6.825 0.5 0 1003120250 261,000.00 6.35 6.35 0.5 0 1003120269 165,600.00 7.125 7.125 0.5 0 1003120456 279,999.27 6.99 6.99 0.5 0 1003120722 227,920.00 6.225 6.225 0.5 0 0000000000 412,685.60 6.45 6.45 0.5 0 0000000000 171,699.99 7.175 7.175 0.5 0 0000000000 256,000.00 6.35 6.35 0.5 0 1003121375 280,499.99 5.99 5.99 0.5 0 1003119565 176,000.00 6.6 6.6 0.5 0 1003119716 176,000.00 7.425 7.425 0.5 0 1003119743 428,000.00 6.75 6.75 0.5 0 1003119770 328,000.00 7.175 7.175 0.5 0 1003119805 320,000.00 7.125 7.125 0.5 0 1003119814 295,999.98 7.025 7.025 0.5 0 1003119930 424,000.00 5.99 5.99 0.5 0 1003120152 300,000.00 6.25 6.25 0.5 0 1002641662 92,000.00 7.5 7.5 0.5 0 1002643786 123,949.17 7.25 7.25 0.5 0 1002644295 211,200.00 7.975 7.975 0.5 0 1002644570 175,200.00 6.525 6.525 0.5 0 1002645695 303,999.99 5.5 5.5 0.5 0 1002646603 323,919.99 6.875 6.875 0.5 0 1002648950 148,800.00 5.9 5.9 0.5 0 1002649236 130,499.98 6.2 6.2 0.5 0 1003121650 225,900.00 6.35 6.35 0.5 0 1003121669 122,400.00 6.5 6.5 0.5 0 1003121696 320,000.00 6.375 6.375 0.5 0 1003121918 288,999.56 6.3 6.3 0.5 0 1003122579 320,000.00 6.99 6.99 0.5 0 1003122588 187,996.93 7.025 7.025 0.5 0 1003122828 424,000.00 6.75 6.75 0.5 0 1003123337 231,939.58 6.25 6.25 0.5 0 1003123453 272,000.00 6.7 6.7 0.5 0 1003123943 274,520.00 6.325 6.325 0.5 0 1003124005 360,000.00 8.05 8.05 0.5 0 1003124185 315,920.00 8.175 8.175 0.5 0 1003124336 319,200.00 6.225 6.225 0.5 0 1003124577 263,200.00 6.125 6.125 0.5 0 1003125255 188,000.00 6.75 6.75 0.5 0 1003125273 288,000.00 7.625 7.625 0.5 0 1003127486 154,353.90 7.125 7.125 0.5 0 1003127592 361,600.00 5.25 5.25 0.5 0 1003127716 103,200.00 6.15 6.15 0.5 0 1003127725 345,397.81 5.25 5.25 0.5 0 1003127976 445,228.69 7.35 7.35 0.5 0 1003127985 154,240.00 6.75 6.75 0.5 0 1003128065 168,000.00 7.225 7.225 0.5 0 1003125380 379,955.73 6.99 6.99 0.5 0 1003125647 121,920.00 5.975 5.975 0.5 0 0000000000 264,000.00 7.33 7.33 0.5 0 1003126147 324,000.00 5.775 5.775 0.5 0 1003126833 115,191.31 6.475 6.475 0.5 0 0000000000 313,200.00 6.25 6.25 0.5 0 1003127146 196,000.00 7.05 7.05 0.5 0 1003129493 303,200.00 8.025 8.025 0.5 0 1003129689 255,000.00 5.7 5.7 0.5 0 1003129705 240,499.99 6.15 6.15 0.5 0 1003130034 523,980.14 6.825 6.825 0.5 0 1003130267 467,862.04 7.075 7.075 0.5 0 1003130276 405,000.00 6.99 6.99 0.5 0 1003130338 488,000.00 6 6 0.5 0 1003130524 330,720.00 5.525 5.525 0.5 0 1003128163 375,999.99 6.7 6.7 0.5 0 0000000000 252,000.00 8 8 0.5 0 1003128573 524,400.00 6.625 6.625 0.5 0 1003128626 408,000.00 6.53 6.53 0.5 0 1003128680 211,840.00 8.175 8.175 0.5 0 1003128715 279,999.99 5.725 5.725 0.5 0 1003128797 348,449.99 6.75 6.75 0.5 0 1003129171 160,000.00 6.875 6.875 0.5 0 1003150440 363,999.57 7.525 7.525 0.5 0 1003150725 368,000.00 5.5 5.5 0.5 0 1003150789 231,999.99 6.775 6.775 0.5 0 0000000000 224,000.00 8.025 8.025 0.5 0 1003151680 256,000.00 6.975 6.975 0.5 0 1003151760 400,000.00 6.9 6.9 0.5 0 1003149961 276,000.00 6.2 6.2 0.5 0 0000000000 423,200.00 5.88 5.88 0.5 0 1003150002 267,749.97 5.75 5.75 0.5 0 1003150208 412,000.00 6.875 6.875 0.5 0 1003150262 196,000.00 6.3 6.3 0.5 0 1003150315 519,999.33 6.25 6.25 0.5 0 1003150333 167,199.98 6.175 6.175 0.5 0 1003299120 108,000.00 7.25 7.25 0.5 0 1003299399 208,000.00 6.99 6.99 0.5 0 1003300706 139,999.99 6.8 6.8 0.5 0 1003301723 396,000.00 5.975 5.975 0.5 0 1003156523 204,000.00 7.175 7.175 0.5 0 1003156836 184,000.00 7.125 7.125 0.5 0 1003156989 556,000.00 5.99 5.99 0.5 0 1003157149 280,000.00 6.375 6.375 0.5 0 1003157158 119,431.82 9.175 9.175 0.5 0 1003157498 367,999.99 5.3 5.3 0.5 0 1003157531 110,468.63 6.9 6.9 0.5 0 2158696 155,200.00 6.575 6.575 0.5 0 1001888078 204,000.00 7.25 7.25 0.5 0 1001903916 112,000.00 6.575 6.575 0.5 0 1001904791 216,000.00 6.75 6.75 0.5 0 1002661186 472,000.00 5.85 5.85 0.5 0 1002661916 104,800.00 5.85 5.85 0.5 0 1002662906 108,000.00 7 7 0.5 0 1002663004 214,400.00 6.7 6.7 0.5 0 1002665921 147,920.00 6.375 6.375 0.5 0 1002666341 339,245.77 6.2 6.2 0.5 0 1002666485 420,000.00 6.95 6.95 0.5 0 1002666957 480,000.00 5.775 5.775 0.5 0 1003020974 446,400.00 6.975 6.975 0.5 0 1003021660 225,640.98 8.413 8.413 0.5 0 1003021731 264,000.00 6.75 6.75 0.5 0 1003022044 300,000.00 5.75 5.75 0.5 0 1003022240 326,400.00 5.725 5.725 0.5 0 1003022295 171,920.00 5.99 5.99 0.5 0 1001503019 92,400.00 6.35 6.35 0.5 0 1002777409 300,000.00 5.85 5.85 0.5 0 1002777828 166,400.00 6.25 6.25 0.5 0 1002778033 179,932.32 6.25 6.25 0.5 0 1002778435 392,000.00 6.075 6.075 0.5 0 1002778541 140,000.00 6.525 6.525 0.5 0 1002778550 187,999.98 6.35 6.35 0.5 0 1002778845 364,000.00 6.4 6.4 0.5 0 0000000000 351,200.00 6.625 6.625 0.5 0 1003152171 142,000.00 6.3 6.3 0.5 0 1003152340 103,500.00 8.7 8.7 0.5 0 0000000000 256,000.00 7.25 7.25 0.5 0 0000000000 131,864.75 7.225 7.225 0.5 0 1003153009 532,000.00 5.625 5.625 0.5 0 1001023065 275,000.00 5.85 5.85 0.5 0 2164061 125,600.00 6.25 6.25 0.5 0 1003107373 54,000.00 8.925 8.925 0.5 0 1003107809 312,000.00 6.975 6.975 0.5 0 1003107916 216,000.00 7.625 7.625 0.5 0 1003108513 156,000.00 6.55 6.55 0.5 0 1003109353 355,999.99 5.75 5.75 0.5 0 1002229154 197,000.00 5.99 5.99 0.5 0 1002229289 220,000.00 8.25 8.25 0.5 0 1002230106 432,000.00 6 6 0.5 0 1003027138 296,000.00 6.375 6.375 0.5 0 1003027557 121,600.00 7.25 7.25 0.5 0 1003027799 106,250.00 8.6 8.6 0.5 0 1003027888 180,000.00 6.99 6.99 0.5 0 1003027940 200,000.00 7.275 7.275 0.5 0 1003028100 130,500.00 8.675 8.675 0.5 0 0000000000 154,000.00 7.4 7.4 0.5 0 1003028244 241,600.00 7.875 7.875 0.5 0 1003022473 195,200.00 6.25 6.25 0.5 0 1003022909 344,000.00 6.3 6.3 0.5 0 1003022927 379,999.99 6.65 6.65 0.5 0 0000000000 331,691.60 6.175 6.175 0.5 0 1003023025 249,600.00 7.75 7.75 0.5 0 1003023515 142,000.00 7.55 7.55 0.5 0 1003023533 175,000.00 5.85 5.85 0.5 0 1002333512 160,000.00 7.475 7.475 0.5 0 1002340915 278,400.00 6.4 6.4 0.5 0 0000000000 115,998.74 7.775 7.775 0.5 0 1002342450 157,000.00 7.7 7.7 0.5 0 1002346125 250,387.63 6.65 6.65 0.5 0 1002081641 168,000.00 6.425 6.425 0.5 0 2135826 215,000.00 8.425 8.425 0.5 0 0000000000 292,500.00 7.9 7.9 0.5 0 1002092078 134,400.00 7.9 7.9 0.5 0 1001301816 209,354.00 5.8 5.8 0.5 0 1001985383 257,724.00 6.75 6.75 0.5 0 2173342 392,000.00 5.3 5.3 0.5 0 2173359 117,000.00 5.7 5.7 0.5 0 2133347 114,400.00 5.25 5.25 0.5 0 1001592903 264,576.00 5.75 5.75 0.5 0 1001599586 252,000.00 6.95 6.95 0.5 0 1002399906 264,087.98 6.15 6.15 0.5 0 1002400066 159,999.99 6.625 6.625 0.5 0 1002401813 189,600.00 7.2 7.2 0.5 0 1002405622 250,000.00 6.65 6.65 0.5 0 0000000000 251,000.00 5.25 5.25 0.5 0 1002410670 108,749.81 6.45 6.45 0.5 0 1002411492 70,400.00 7.65 7.65 0.5 0 0000000000 373,574.68 6.45 6.45 0.5 0 1001273829 173,375.00 7.55 7.55 0.5 0 0000000000 396,000.00 6.225 6.225 0.5 0 1002036772 220,000.00 7.15 7.15 0.5 0 1003023739 271,999.99 5.975 5.975 0.5 0 1003023971 316,800.00 7.99 7.99 0.5 0 1003024024 109,970.67 6.4 6.4 0.5 0 1003024122 420,000.00 6.25 6.25 0.5 0 1003024140 97,999.98 5.575 5.575 0.5 0 0000000000 396,000.00 5.625 5.625 0.5 0 0000000000 423,101.24 5.6 5.6 0.5 0 1003304418 283,999.99 6.35 6.35 0.5 0 1003306032 226,400.00 6.99 6.99 0.5 0 1003308192 313,500.00 6.9 6.9 0.5 0 1003330023 226,600.00 5.875 5.875 0.5 0 1003336811 233,599.99 6.8 6.8 0.5 0 1003338454 392,000.00 5.4 5.4 0.5 0 1003030954 480,000.00 5.875 5.875 0.5 0 1003031070 151,550.42 6.825 6.825 0.5 0 0000000000 111,889.67 6.5 6.5 0.5 0 1003031114 200,000.00 8.35 8.35 0.5 0 1003031169 161,600.00 6.225 6.225 0.5 0 1003031187 421,600.00 7.125 7.125 0.5 0 1003031221 123,920.00 7.95 7.95 0.5 0 1001981706 132,000.00 6.9 6.9 0.5 0 1003024177 459,999.99 5.5 5.5 0.5 0 1003024202 137,599.98 6.575 6.575 0.5 0 1003024426 82,319.98 6.213 6.213 0.5 0 1003024444 399,200.00 5.725 5.725 0.5 0 1003024596 188,000.00 6.99 6.99 0.5 0 1003024783 132,800.00 6.99 6.99 0.5 0 1003024792 503,200.00 5.25 5.25 0.5 0 1003104642 325,000.00 6.55 6.55 0.5 0 1003104820 325,280.00 7.125 7.125 0.5 0 1003105106 327,199.98 5.99 5.99 0.5 0 1003105286 310,000.00 6.75 6.75 0.5 0 1003105419 240,000.00 7.25 7.25 0.5 0 1003105721 424,000.00 6.99 6.99 0.5 0 0000000000 201,600.00 7.875 7.875 0.5 0 1003046297 128,000.00 7.125 7.125 0.5 0 1003046331 448,000.00 5.69 5.69 0.5 0 1003046652 431,200.00 6.99 6.99 0.5 0 1003046705 175,000.00 6.3 6.3 0.5 0 1003046901 224,000.00 6.775 6.775 0.5 0 0000000000 440,000.00 6.25 6.25 0.5 0 1003046974 337,450.00 8.05 8.05 0.5 0 1002020510 143,918.05 7.1 7.1 0.5 0 1003024836 115,600.00 7.263 7.263 0.5 0 1003025283 204,000.00 7.425 7.425 0.5 0 1003025416 408,000.00 6.65 6.65 0.5 0 1003025489 335,780.98 6.99 6.99 0.5 0 1003025531 300,010.00 5.5 5.5 0.5 0 0000000000 423,200.00 6.825 6.825 0.5 0 1003025979 174,250.00 6.8 6.8 0.5 0 2173865 270,872.24 6.525 6.525 0.5 0 2174078 138,550.00 6.7 6.7 0.5 0 2174101 260,000.00 5.99 5.99 0.5 0 2174206 153,899.86 6.1 6.1 0.5 0 2175070 100,000.00 7.9 7.9 0.5 0 1001708441 105,300.00 8.7 8.7 0.5 0 1002007107 296,000.00 6.45 6.45 0.5 0 1002320125 175,948.44 6.99 6.99 0.5 0 1002320278 185,574.71 6.5 6.5 0.5 0 0000000000 72,556.65 7.05 7.05 0.5 0 1002030714 297,097.28 6.5 6.5 0.5 0 1002024311 377,872.00 7.75 7.75 0.5 0 1002025187 340,000.00 7.3 7.3 0.5 0 0000000000 262,799.78 6.375 6.375 0.5 0 1003028299 273,600.00 6.575 6.575 0.5 0 0000000000 375,200.00 6.625 6.625 0.5 0 1003028342 480,000.00 7.075 7.075 0.5 0 1003028404 405,000.00 6.25 6.25 0.5 0 1003028734 108,000.00 6.6 6.6 0.5 0 1003028912 277,600.00 6.575 6.575 0.5 0 1003029001 312,000.00 6 6 0.5 0 1003029010 439,086.48 6.5 6.5 0.5 0 1002009819 89,600.00 7.35 7.35 0.5 0 1003025997 111,200.00 6.925 6.925 0.5 0 1003026086 180,000.00 7.7 7.7 0.5 0 1003026264 250,000.00 5.99 5.99 0.5 0 1003026415 298,500.00 6.1 6.1 0.5 0 1003026585 150,573.98 5.55 5.55 0.5 0 1003026843 316,000.00 6.27 6.27 0.5 0 1003026996 266,000.00 5.85 5.85 0.5 0 1003027003 106,400.00 6.3 6.3 0.5 0 0000000000 110,400.00 7.125 7.125 0.5 0 1003029573 431,200.00 7.125 7.125 0.5 0 1003029582 320,000.00 7.375 7.375 0.5 0 1003029751 288,000.00 5.9 5.9 0.5 0 1003029920 122,400.00 7.015 7.015 0.5 0 1003030062 286,000.00 6.675 6.675 0.5 0 0000000000 297,500.00 6.6 6.6 0.5 0 1002064535 108,799.97 6.35 6.35 0.5 0 1003030259 215,614.40 7.175 7.175 0.5 0 1003030277 316,000.00 6.95 6.95 0.5 0 1003030357 248,759.99 6.525 6.525 0.5 0 1003030570 104,799.99 7 7 0.5 0 1003030749 385,000.00 6.75 6.75 0.5 0 1003030767 310,000.00 6.24 6.24 0.5 0 1003030874 272,000.00 6.85 6.85 0.5 0 1003030945 216,000.00 6.5 6.5 0.5 0 1003109567 564,999.99 5.75 5.75 0.5 0 1003110074 295,120.00 6.775 6.775 0.5 0 1003110519 280,000.00 6.95 6.95 0.5 0 1003110546 472,000.00 6.375 6.375 0.5 0 1003110751 160,792.00 6.125 6.125 0.5 0 1003110813 322,769.99 7.375 7.375 0.5 0 1003110895 195,500.00 6.05 6.05 0.5 0 1002046226 159,999.96 6.25 6.25 0.5 0 1002046752 280,000.00 6.5 6.5 0.5 0 1003018969 220,000.00 6.15 6.15 0.5 0 0000000000 367,920.00 6.325 6.325 0.5 0 1003019254 249,999.80 6.375 6.375 0.5 0 1003019325 244,000.00 7.325 7.325 0.5 0 1003019405 251,250.00 7 7 0.5 0 1003019450 269,910.00 7.825 7.825 0.5 0 1003019708 269,600.00 7.65 7.65 0.5 0 1002051870 206,100.00 8.65 8.65 0.5 0 0000000000 168,000.00 6.99 6.99 0.5 0 1002241808 113,845.97 7 7 0.5 0 1002242433 131,200.00 6.625 6.625 0.5 0 1003153394 288,000.00 7.1 7.1 0.5 0 1003153991 352,000.00 6.125 6.125 0.5 0 0000000000 129,607.60 6.25 6.25 0.5 0 1003154446 168,299.99 7.125 7.125 0.5 0 1003154856 364,000.00 8 8 0.5 0 1003154874 303,997.33 6.7 6.7 0.5 0 0000000000 199,950.00 6 6 0.5 0 1003294580 264,000.00 6.9 6.9 0.5 0 1003294848 148,000.00 7.25 7.25 0.5 0 2088838 243,200.00 6.25 6.25 0.5 0 1002390665 284,800.00 6.65 6.65 0.5 0 1002391478 307,688.28 6.9 6.9 0.5 0 1002393653 296,000.00 6.775 6.775 0.5 0 1002394750 281,599.99 6.5 6.5 0.5 0 1002395517 116,799.97 8.125 8.125 0.5 0 1002395544 201,675.20 6.45 6.45 0.5 0 1002396099 178,772.40 6.65 6.65 0.5 0 1003033256 432,899.97 6.55 6.55 0.5 0 0000000000 550,400.00 6.375 6.375 0.5 0 1003033327 389,600.00 6.825 6.825 0.5 0 1003033880 250,000.00 7.05 7.05 0.5 0 1003034040 385,599.99 6.85 6.85 0.5 0 1003034086 433,499.99 6.825 6.825 0.5 0 1003034246 150,000.00 7.6 7.6 0.5 0 1002379991 212,000.00 7.5 7.5 0.5 0 1002381023 222,750.00 7.75 7.75 0.5 0 1002384306 130,400.00 7.013 7.013 0.5 0 1002384609 312,000.00 6.7 6.7 0.5 0 1002384618 336,954.98 6.25 6.25 0.5 0 1002385519 249,999.98 6.988 6.988 0.5 0 1002387624 85,000.00 6.85 6.85 0.5 0 1002388124 161,861.04 8.775 8.775 0.5 0 1002045487 206,280.00 6.425 6.425 0.5 0 1002045584 350,706.68 6.75 6.75 0.5 0 1002021225 181,900.00 7.5 7.5 0.5 0 1002242647 202,500.00 8.2 8.2 0.5 0 1002243414 256,000.00 8.25 8.25 0.5 0 0000000000 252,000.00 6.99 6.99 0.5 0 0000000000 200,800.00 7.35 7.35 0.5 0 1002246135 185,032.00 7.1 7.1 0.5 0 1002247526 178,353.11 6.2 6.2 0.5 0 1001846275 216,000.00 7.99 7.99 0.5 0 1003017826 445,899.98 6.625 6.625 0.5 0 1003018004 328,000.00 5.9 5.9 0.5 0 1003018246 295,999.67 6.85 6.85 0.5 0 1003018530 556,749.99 6.85 6.85 0.5 0 1003018610 474,000.00 5.3 5.3 0.5 0 1003018905 318,600.00 7.2 7.2 0.5 0 1001965467 139,369.34 6.4 6.4 0.5 0 1002346376 289,600.00 5.75 5.75 0.5 0 1002348800 147,597.54 7.1 7.1 0.5 0 1002349373 241,599.98 6.738 6.738 0.5 0 1002353429 308,000.00 6.85 6.85 0.5 0 1002353642 160,000.00 5.8 5.8 0.5 0 1002357522 327,200.00 6.75 6.75 0.5 0 0000000000 175,200.00 8.025 8.025 0.5 0 2192639 251,000.00 6.275 6.275 0.5 0 1001777296 304,000.00 6.5 6.5 0.5 0 1001853300 139,999.98 6.125 6.125 0.5 0 1001856520 175,968.00 6.5 6.5 0.5 0 1002157016 222,400.00 7.725 7.725 0.5 0 1002157276 217,600.00 7.65 7.65 0.5 0 1002165720 113,591.97 5.725 5.725 0.5 0 1003019842 119,999.47 5.875 5.875 0.5 0 0000000000 197,599.99 6.2 6.2 0.5 0 0000000000 343,999.98 6.875 6.875 0.5 0 1003020395 468,000.00 6.225 6.225 0.5 0 0000000000 319,200.00 5.4 5.4 0.5 0 0000000000 151,920.00 8.075 8.075 0.5 0 1003020938 125,000.00 5.75 5.75 0.5 0 1001761481 304,232.00 7.35 7.35 0.5 0 1002170750 295,200.00 6.95 6.95 0.5 0 1002174774 259,992.68 6.65 6.65 0.5 0 1001909821 195,784.00 7.95 7.95 0.5 0 1001911541 420,000.00 5.75 5.75 0.5 0 1001842723 173,000.00 6.825 6.825 0.5 0 1002123455 269,788.96 6.7 6.7 0.5 0 1002125523 145,120.00 6.875 6.875 0.5 0 1001860383 162,500.00 7.9 7.9 0.5 0 1002145869 200,000.00 7.225 7.225 0.5 0 1002155606 319,200.00 7.35 7.35 0.5 0 1002155946 256,000.00 7.4 7.4 0.5 0 1002156534 228,000.00 6.75 6.75 0.5 0 1002178020 106,320.00 7.75 7.75 0.5 0 0000000000 316,896.00 6.95 6.95 0.5 0 1002186235 145,599.97 6.25 6.25 0.5 0 1002180491 201,543.94 6.25 6.25 0.5 0 1002181392 279,974.69 7 7 0.5 0 1002194609 318,750.00 6.6 6.6 0.5 0 1002197438 279,900.00 8.99 8.99 0.5 0 1002200889 321,316.35 8.15 8.15 0.5 0 1002201307 243,749.12 7.9 7.9 0.5 0 1002201432 281,934.00 8.5 8.5 0.5 0 1002202351 199,999.99 5.75 5.75 0.5 0 1002187555 259,999.98 6.8 6.8 0.5 0 1002188322 310,000.00 7.3 7.3 0.5 0 1002194244 327,250.00 6.844 6.844 0.5 0 1002575056 163,000.00 7.525 7.525 0.5 0 0000000000 412,000.00 6.125 6.125 0.5 0 1002583591 493,000.00 6.25 6.25 0.5 0 1002583779 445,000.00 6.5 6.5 0.5 0 1002586151 186,938.00 7.95 7.95 0.5 0 1002588989 288,497.81 6.563 6.563 0.5 0 1002590137 216,000.00 8.65 8.65 0.5 0 1002591859 185,200.00 6.8 6.8 0.5 0 1002204616 237,527.90 6.025 6.025 0.5 0 1002210119 125,600.00 6.625 6.625 0.5 0 2124297 111,200.00 6.55 6.55 0.5 0 2139452 308,500.00 6.2 6.2 0.5 0 2148841 238,500.00 6.25 6.25 0.5 0 2159108 200,000.00 5.35 5.35 0.5 0 2179125 260,000.00 6.05 6.05 0.5 0 2179826 128,265.00 6.475 6.475 0.5 0 2161946 163,999.25 5.925 5.925 0.5 0 2191271 414,000.00 5.25 5.25 0.5 0 2191571 117,000.00 7.275 7.275 0.5 0 2191765 296,250.00 6.9 6.9 0.5 0 2191934 492,000.00 6.3 6.3 0.5 0 2191942 288,000.00 7.1 7.1 0.5 0 2192031 280,500.00 6.2 6.2 0.5 0 2192475 172,800.00 5.65 5.65 0.5 0 0000000000 113,599.98 7.85 7.85 0.5 0 1001867929 124,000.00 6.85 6.85 0.5 0 1001874813 210,215.25 7.025 7.025 0.5 0 1002454917 155,200.00 5.5 5.5 0.5 0 1002456201 130,499.90 8.75 8.75 0.5 0 1002456817 270,000.00 9.1 9.1 0.5 0 1002457549 211,120.00 7.5 7.5 0.5 0 1002460312 127,999.98 6.5 6.5 0.5 0 1002461240 229,100.00 6.5 6.5 0.5 0 1002461419 312,000.00 7.5 7.5 0.5 0 1002461918 137,901.70 7.4 7.4 0.5 0 1002218184 311,600.00 7.7 7.7 0.5 0 1002223276 269,200.00 8.25 8.25 0.5 0 1002128414 296,000.00 6.4 6.4 0.5 0 1002139901 161,250.00 6.925 6.925 0.5 0 1002136833 351,432.00 6.95 6.95 0.5 0 1002688149 300,000.00 6.525 6.525 0.5 0 1002688470 261,600.00 6.65 6.65 0.5 0 1002688906 304,000.00 5.99 5.99 0.5 0 1002689415 424,000.00 5.5 5.5 0.5 0 1002690270 184,000.00 7.35 7.35 0.5 0 1002690449 117,199.45 6.25 6.25 0.5 0 0000000000 250,250.00 6.25 6.25 0.5 0 1002890928 575,999.95 6.55 6.55 0.5 0 1002891026 600,000.00 7.6 7.6 0.5 0 1002891035 121,455.46 6.3 6.3 0.5 0 1002891099 535,154.50 6.625 6.625 0.5 0 1002891311 102,800.00 6.75 6.75 0.5 0 1002891598 304,000.00 6.95 6.95 0.5 0 1002891801 327,199.98 5.375 5.375 0.5 0 1002891865 255,999.98 5.875 5.875 0.5 0 2194371 142,000.00 6.15 6.15 0.5 0 2194855 251,300.00 7.2 7.2 0.5 0 2195484 251,999.21 7.24 7.24 0.5 0 2160202 106,400.00 5.8 5.8 0.5 0 2187133 169,500.00 6.775 6.775 0.5 0 2187144 277,000.00 7.05 7.05 0.5 0 2187165 310,000.00 5.85 5.85 0.5 0 2187168 188,000.00 5.46 5.46 0.5 0 2187172 130,400.00 5.25 5.25 0.5 0 2187187 173,694.22 5.625 5.625 0.5 0 2187378 420,000.00 5.25 5.25 0.5 0 2187471 325,899.53 5.7 5.7 0.5 0 2165432 379,875.42 5.25 5.25 0.5 0 2165997 172,000.00 6.23 6.23 0.5 0 1002831662 250,000.00 5.9 5.9 0.5 0 1002832055 345,949.98 6.55 6.55 0.5 0 1002832108 379,999.97 5.525 5.525 0.5 0 1002832162 247,489.97 7.425 7.425 0.5 0 1002832215 240,000.00 5.75 5.75 0.5 0 1002832224 144,000.00 5.99 5.99 0.5 0 1002832643 280,500.00 6.85 6.85 0.5 0 1002832876 447,997.66 5.15 5.15 0.5 0 2146865 209,600.00 5.25 5.25 0.5 0 2167428 155,550.00 6.15 6.15 0.5 0 2167577 229,500.00 7.1 7.1 0.5 0 2167956 191,200.00 5.25 5.25 0.5 0 2168120 188,000.00 7.7 7.7 0.5 0 2168299 330,000.00 6.15 6.15 0.5 0 2188697 320,000.00 5.5 5.5 0.5 0 2188998 203,775.00 5.4 5.4 0.5 0 2189029 221,400.00 7.65 7.65 0.5 0 2189065 407,792.87 6.6 6.6 0.5 0 2189298 505,450.00 5.25 5.25 0.5 0 2189323 204,000.00 5.35 5.35 0.5 0 1003013973 250,000.00 7.375 7.375 0.5 0 1003014605 178,560.00 8.775 8.775 0.5 0 1003014963 111,989.99 7.725 7.725 0.5 0 0000000000 324,000.00 6.55 6.55 0.5 0 1001921086 332,975.94 6.95 6.95 0.5 0 0000000000 259,102.00 8.6 8.6 0.5 0 1001920014 146,400.00 5.9 5.9 0.5 0 1001920933 299,759.39 6.125 6.125 0.5 0 1001929925 392,000.00 6.85 6.85 0.5 0 0000000000 255,022.00 7.95 7.95 0.5 0 0000000000 250,000.00 6.5 6.5 0.5 0 1001943801 212,000.00 7.65 7.65 0.5 0 1001944169 242,549.96 6.2 6.2 0.5 0 1003176431 412,000.00 6.2 6.2 0.5 0 1003176592 350,400.00 6.075 6.075 0.5 0 1003177895 467,992.92 6.1 6.1 0.5 0 1003178028 460,000.00 5.25 5.25 0.5 0 0000000000 208,000.00 6.99 6.99 0.5 0 1003179447 308,000.00 5.875 5.875 0.5 0 1003179456 202,000.00 5.6 5.6 0.5 0 0000000000 110,091.44 6.2 6.2 0.5 0 1001996148 112,000.00 8.3 8.3 0.5 0 2155813 281,250.00 6.25 6.25 0.5 0 1002068880 268,000.00 8.45 8.45 0.5 0 1002090150 352,000.00 5.99 5.99 0.5 0 1002793409 269,054.97 6.75 6.75 0.5 0 1002793757 329,600.00 5.25 5.25 0.5 0 1002793962 435,722.39 6.5 6.5 0.5 0 1002794319 455,920.00 7.2 7.2 0.5 0 1002794337 276,000.00 5.55 5.55 0.5 0 1002794792 297,000.00 7.75 7.75 0.5 0 1002795176 368,000.00 6.775 6.775 0.5 0 1002795470 385,000.00 6.25 6.25 0.5 0 1002272285 107,599.98 5.99 5.99 0.5 0 1002272515 160,000.00 6.275 6.275 0.5 0 1002272524 157,500.00 9.35 9.35 0.5 0 1002275451 90,000.00 7.5 7.5 0.5 0 1002276325 148,000.00 6.875 6.875 0.5 0 1002277556 229,914.09 7.92 7.92 0.5 0 1003002814 364,000.00 6.5 6.5 0.5 0 1003002949 325,375.19 6 6 0.5 0 1003002976 127,999.99 6.95 6.95 0.5 0 0000000000 280,000.00 7.875 7.875 0.5 0 1003003065 427,500.00 7.75 7.75 0.5 0 1003003154 468,749.98 5.7 5.7 0.5 0 1003003163 504,000.00 7.325 7.325 0.5 0 1002078940 207,326.00 7.375 7.375 0.5 0 1002079459 232,198.37 6.55 6.55 0.5 0 0000000000 399,999.98 6.85 6.85 0.5 0 1002101273 232,000.00 7.025 7.025 0.5 0 1002258844 210,399.97 7.75 7.75 0.5 0 1002259781 183,999.97 8.2 8.2 0.5 0 0000000000 164,958.06 6.95 6.95 0.5 0 1002269075 193,977.09 7.05 7.05 0.5 0 1002269379 202,027.38 6.25 6.25 0.5 0 0000000000 239,390.00 7.65 7.65 0.5 0 1002232248 192,310.65 7.25 7.25 0.5 0 1002232827 200,000.00 6.85 6.85 0.5 0 1002235218 97,200.00 7.55 7.55 0.5 0 1002299630 240,000.00 8.2 8.2 0.5 0 0000000000 273,600.00 7.05 7.05 0.5 0 1002300566 170,164.98 7.35 7.35 0.5 0 1002309317 115,360.00 8.3 8.3 0.5 0 1002278519 215,050.00 8.15 8.15 0.5 0 1002278680 297,809.97 7.5 7.5 0.5 0 1002286813 99,920.00 8.6 8.6 0.5 0 1002294065 151,120.00 7.55 7.55 0.5 0 1002296492 408,000.00 5.65 5.65 0.5 0 1002299195 255,000.00 7.75 7.75 0.5 0 1002331532 185,191.97 7.05 7.05 0.5 0 1002332354 315,341.96 6.6 6.6 0.5 0 1002332443 145,800.00 8.2 8.2 0.5 0 1002332782 180,000.00 7.5 7.5 0.5 0 1002333166 363,454.00 7.5 7.5 0.5 0 1002599726 80,000.00 6.45 6.45 0.5 0 1002600224 195,200.00 6.25 6.25 0.5 0 1002601492 123,250.00 6.3 6.3 0.5 0 1002602927 422,000.00 5.9 5.9 0.5 0 0000000000 298,284.00 5.75 5.75 0.5 0 1002593223 156,000.00 8.275 8.275 0.5 0 1002594552 193,204.31 6.5 6.5 0.5 0 1002594712 265,856.00 6.85 6.85 0.5 0 1002595230 184,500.00 6.95 6.95 0.5 0 1002597443 220,150.00 7.15 7.15 0.5 0 0000000000 272,999.20 6.88 6.88 0.5 0 1002599708 391,907.70 5.625 5.625 0.5 0 1002618983 256,800.00 6.6 6.6 0.5 0 1002620211 282,400.00 6.375 6.375 0.5 0 1002620444 181,752.00 8.025 8.025 0.5 0 1002621381 197,599.99 7.85 7.85 0.5 0 1002622488 439,920.00 6.225 6.225 0.5 0 1002624271 93,395.83 7.2 7.2 0.5 0 1002604505 200,175.00 6.25 6.25 0.5 0 1002604710 184,000.00 7.75 7.75 0.5 0 1002605238 152,818.87 8.65 8.65 0.5 0 1002608912 198,000.00 7.5 7.5 0.5 0 1002611926 214,400.00 5.95 5.95 0.5 0 0000000000 332,000.00 6.78 6.78 0.5 0 1002612925 139,409.98 8.35 8.35 0.5 0 0000000000 281,350.00 5.275 5.275 0.5 0 1002630834 343,591.84 5.35 5.35 0.5 0 1002630870 179,400.00 6.6 6.6 0.5 0 1002631254 350,999.98 8.425 8.425 0.5 0 1002631398 259,919.99 6.8 6.8 0.5 0 1002631735 264,000.00 6.8 6.8 0.5 0 1002632404 359,200.00 5.99 5.99 0.5 0 1002632486 276,000.00 5.99 5.99 0.5 0 0000000000 132,762.24 6.825 6.825 0.5 0 1002625939 170,908.98 7.5 7.5 0.5 0 1002628106 135,200.00 6.85 6.85 0.5 0 0000000000 275,000.00 6.9 6.9 0.5 0 0000000000 316,000.00 6.625 6.625 0.5 0 1002630111 126,400.00 7.775 7.775 0.5 0 1002630184 263,499.99 6.403 6.403 0.5 0 1002655237 240,000.00 5.575 5.575 0.5 0 1002657119 269,909.23 8.175 8.175 0.5 0 1002657770 280,000.00 5.75 5.75 0.5 0 1002658902 212,000.00 6.43 6.43 0.5 0 1002659322 501,600.00 6.125 6.125 0.5 0 1002635027 439,999.99 6.8 6.8 0.5 0 1002635036 142,320.00 6.7 6.7 0.5 0 0000000000 351,200.00 6.625 6.625 0.5 0 1002637070 134,979.41 5.7 5.7 0.5 0 1002637793 110,499.98 6.525 6.525 0.5 0 1002638444 342,000.00 6.99 6.99 0.5 0 1002639531 247,999.98 6.725 6.725 0.5 0 1002681048 312,000.00 5.925 5.925 0.5 0 1002682546 372,000.00 6.525 6.525 0.5 0 1002682617 180,000.00 6.6 6.6 0.5 0 1002682662 125,000.00 5.75 5.75 0.5 0 0000000000 380,000.00 6.625 6.625 0.5 0 1002682760 492,000.00 6.35 6.35 0.5 0 1002683420 419,821.98 6.99 6.99 0.5 0 1002683812 208,249.99 8.55 8.55 0.5 0 1002667091 211,200.00 7.25 7.25 0.5 0 1002667830 271,200.00 7.575 7.575 0.5 0 1002667929 262,000.00 6.9 6.9 0.5 0 1002668786 308,000.00 6.25 6.25 0.5 0 1002671184 338,000.00 6.475 6.475 0.5 0 1002672414 432,000.00 7.95 7.95 0.5 0 1002675643 163,200.00 6.15 6.15 0.5 0 0000000000 319,940.69 6.99 6.99 0.5 0 1002686285 235,000.00 6.39 6.39 0.5 0 1002686374 209,811.43 6.45 6.45 0.5 0 1002686418 224,999.98 8.575 8.575 0.5 0 1002686855 320,000.00 7.075 7.075 0.5 0 1002687051 126,400.00 6.05 6.05 0.5 0 1002687854 134,400.00 6.65 6.65 0.5 0 1002683821 426,373.99 5.375 5.375 0.5 0 1002684688 186,000.00 5.55 5.55 0.5 0 1002684704 375,000.00 6.85 6.85 0.5 0 1002684973 257,998.68 5.65 5.65 0.5 0 1002685320 460,000.00 6.725 6.725 0.5 0 1002685464 130,400.00 7.95 7.95 0.5 0 1002685525 355,901.78 6.55 6.55 0.5 0 1002734768 247,200.00 7.875 7.875 0.5 0 1002734875 372,000.00 5.75 5.75 0.5 0 1002734893 74,874.49 8.175 8.175 0.5 0 1002735231 191,919.97 7.325 7.325 0.5 0 1002736141 99,999.98 7.45 7.45 0.5 0 1002736187 381,999.99 6.25 6.25 0.5 0 1002736301 256,000.00 6.3 6.3 0.5 0 1002736481 442,224.43 6.75 6.75 0.5 0 0000000000 203,299.00 6.85 6.85 0.5 0 0000000000 335,146.68 7.1 7.1 0.5 0 1002692919 117,600.00 6.375 6.375 0.5 0 1002693151 271,608.96 6.325 6.325 0.5 0 0000000000 160,000.00 6.375 6.375 0.5 0 0000000000 259,999.98 6.35 6.35 0.5 0 1002693570 125,000.00 6.475 6.475 0.5 0 1002693721 280,000.00 6.525 6.525 0.5 0 1002834482 463,999.99 6.65 6.65 0.5 0 1002834516 387,000.00 7.55 7.55 0.5 0 1002834865 360,990.79 6.95 6.95 0.5 0 1002834990 187,999.99 6.5 6.5 0.5 0 0000000000 278,000.00 6.75 6.75 0.5 0 1002835604 369,000.00 7.25 7.25 0.5 0 1002835757 290,000.00 5.8 5.8 0.5 0 1002835793 296,000.00 6.4 6.4 0.5 0 1002797977 145,792.00 7.125 7.125 0.5 0 1002798011 276,000.00 6 6 0.5 0 1002798173 256,000.00 5.85 5.85 0.5 0 1002798397 196,000.00 7.625 7.625 0.5 0 1002798468 139,992.48 6.825 6.825 0.5 0 1002798510 456,000.00 6.25 6.25 0.5 0 1002798538 315,999.98 6.4 6.4 0.5 0 1002798672 280,000.00 6.5 6.5 0.5 0 1003045715 319,920.00 6.68 6.68 0.5 0 1003045822 111,999.99 6.85 6.85 0.5 0 1003045920 328,000.00 5.99 5.99 0.5 0 1003045948 453,200.00 6.49 6.49 0.5 0 1003046019 503,000.00 5.25 5.25 0.5 0 0000000000 520,000.00 5.99 5.99 0.5 0 1003046108 432,000.00 5.875 5.875 0.5 0 1002695658 116,000.00 6.988 6.988 0.5 0 1002696194 216,000.00 7.1 7.1 0.5 0 1002696274 303,999.98 5.875 5.875 0.5 0 1002696336 472,499.98 7.75 7.75 0.5 0 1002697022 260,800.00 6.9 6.9 0.5 0 1002697763 650,000.00 6.85 6.85 0.5 0 1002698860 229,520.00 6.85 6.85 0.5 0 1002983301 119,200.00 6.8 6.8 0.5 0 1002983668 92,000.00 7.375 7.375 0.5 0 1002983711 313,859.99 6.775 6.775 0.5 0 1002983766 270,000.00 6.85 6.85 0.5 0 1002984104 439,200.00 5.4 5.4 0.5 0 0000000000 247,200.00 5.99 5.99 0.5 0 1002984300 212,000.00 7.53 7.53 0.5 0 1002799145 270,400.00 5.825 5.825 0.5 0 1002799671 328,500.00 6.3 6.3 0.5 0 1002799788 243,200.00 6.99 6.99 0.5 0 1002800106 323,498.16 7 7 0.5 0 1002800277 497,250.00 7.275 7.275 0.5 0 1002800543 176,000.00 5.85 5.85 0.5 0 1002801720 387,999.99 7.963 7.963 0.5 0 1002801926 234,000.00 8.513 8.513 0.5 0 1002802033 204,000.00 6.75 6.75 0.5 0 1002802355 199,999.98 6.2 6.2 0.5 0 1002802541 271,999.99 6.2 6.2 0.5 0 0000000000 216,000.00 6.875 6.875 0.5 0 1002802792 519,999.98 6.49 6.49 0.5 0 1002802890 175,999.99 7.1 7.1 0.5 0 0000000000 386,297.70 7.42 7.42 0.5 0 1002800785 500,000.00 6.625 6.625 0.5 0 1002801061 399,331.53 6.5 6.5 0.5 0 1002801294 388,000.00 6.825 6.825 0.5 0 1002801427 226,399.98 6.5 6.5 0.5 0 1002801436 214,400.00 6.675 6.675 0.5 0 1002801506 171,200.00 7.375 7.375 0.5 0 1002801579 191,959.76 7.25 7.25 0.5 0 1002805469 235,165.00 6 6 0.5 0 1002805682 189,600.00 6.85 6.85 0.5 0 1002805708 264,000.00 6.95 6.95 0.5 0 1002805753 212,800.00 6.5 6.5 0.5 0 1002805922 331,546.00 5.75 5.75 0.5 0 1002806280 287,959.97 6.825 6.825 0.5 0 1002806431 192,000.00 5.375 5.375 0.5 0 1002806716 252,000.00 6.875 6.875 0.5 0 1002802989 382,499.99 7.35 7.35 0.5 0 1002803130 103,969.74 7.73 7.73 0.5 0 1002803247 403,999.98 5.75 5.75 0.5 0 1002803443 292,499.98 5.55 5.55 0.5 0 1002803764 240,000.00 5.975 5.975 0.5 0 1002803808 120,458.44 6.425 6.425 0.5 0 1002804834 320,000.00 6.19 6.19 0.5 0 1002805030 128,000.00 6.25 6.25 0.5 0 1002808144 352,000.00 7.25 7.25 0.5 0 0000000000 171,900.00 7.95 7.95 0.5 0 1002808475 343,200.00 6.775 6.775 0.5 0 1002808572 190,800.00 7.725 7.725 0.5 0 1002808590 143,920.00 7.275 7.275 0.5 0 1002808821 265,499.99 7.85 7.85 0.5 0 1002808849 207,978.32 7.375 7.375 0.5 0 1002808956 364,000.00 5.25 5.25 0.5 0 1002806752 116,539.98 6.55 6.55 0.5 0 1002806878 638,799.41 6.99 6.99 0.5 0 1002806921 113,600.00 7.23 7.23 0.5 0 1002807065 372,000.00 6.775 6.775 0.5 0 1002807369 199,991.96 5.775 5.775 0.5 0 1002807993 247,999.98 6.875 6.875 0.5 0 1002808019 290,000.00 6.85 6.85 0.5 0 1002808108 388,000.00 6.875 6.875 0.5 0 0000000000 151,953.93 7.275 7.275 0.5 0 1002809447 360,000.00 6.7 6.7 0.5 0 1002809571 193,500.00 6.4 6.4 0.5 0 1002809820 256,000.00 7.1 7.1 0.5 0 1002810239 284,000.00 6.99 6.99 0.5 0 1002810300 69,900.00 6.675 6.675 0.5 0 1002810444 303,731.96 4.99 4.99 0.5 0 1002810603 372,000.00 6.1 6.1 0.5 0 1002810881 124,000.00 6.75 6.75 0.5 0 1002811238 352,000.00 6.575 6.575 0.5 0 1002811906 344,000.00 6 6 0.5 0 1002811979 188,379.00 7.5 7.5 0.5 0 0000000000 98,400.00 6.75 6.75 0.5 0 1002812488 244,000.00 5.6 5.6 0.5 0 1002812807 331,200.00 6.575 6.575 0.5 0 1002812816 252,000.00 7.45 7.45 0.5 0 1002813432 356,600.00 6.59 6.59 0.5 0 1002813799 364,000.00 5.75 5.75 0.5 0 1002813815 208,000.00 5.775 5.775 0.5 0 1002814002 263,169.52 6.95 6.95 0.5 0 1002814011 98,000.00 6.525 6.525 0.5 0 1002814422 337,600.00 5.99 5.99 0.5 0 1002814903 167,310.00 8.2 8.2 0.5 0 1002816974 116,000.00 7.125 7.125 0.5 0 1002817517 231,199.98 6.5 6.5 0.5 0 1002817535 127,960.42 7.375 7.375 0.5 0 1002817786 315,000.00 7.15 7.15 0.5 0 0000000000 140,750.00 8.025 8.025 0.5 0 0000000000 212,000.00 6.025 6.025 0.5 0 1002818712 125,439.97 5.725 5.725 0.5 0 1002818721 350,000.00 7.49 7.49 0.5 0 1002815207 96,000.00 7.2 7.2 0.5 0 1002815298 117,298.37 6.5 6.5 0.5 0 1002815671 213,600.00 7.7 7.7 0.5 0 0000000000 279,999.97 6.85 6.85 0.5 0 1002816028 110,609.60 7.425 7.425 0.5 0 1002816297 261,600.00 6.89 6.89 0.5 0 1002816634 240,000.00 7 7 0.5 0 1002820718 144,320.00 6.55 6.55 0.5 0 1002820923 191,998.88 7.775 7.775 0.5 0 1002821049 266,400.00 6.725 6.725 0.5 0 1002821272 481,400.00 5.5 5.5 0.5 0 1002821307 211,999.99 8.675 8.675 0.5 0 1002821352 124,000.00 6.9 6.9 0.5 0 0000000000 308,000.00 6.75 6.75 0.5 0 1002821619 611,099.98 6.25 6.25 0.5 0 1002819258 336,000.00 5.75 5.75 0.5 0 1002819383 181,457.00 7.15 7.15 0.5 0 1002819686 400,000.00 6.5 6.5 0.5 0 1002820120 296,000.00 6.25 6.25 0.5 0 1002820139 326,953.32 5.75 5.75 0.5 0 1002820335 153,000.00 5.8 5.8 0.5 0 1002820344 382,500.00 6.75 6.75 0.5 0 0000000000 228,000.00 6.025 6.025 0.5 0 0000000000 106,800.00 7.825 7.825 0.5 0 1002822011 411,999.99 6.25 6.25 0.5 0 1002822084 400,000.00 6.875 6.875 0.5 0 1002822191 181,766.40 6.5 6.5 0.5 0 1002822440 448,000.00 5.85 5.85 0.5 0 1002822690 310,250.00 6.35 6.35 0.5 0 1002822743 109,982.23 6 6 0.5 0 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7.325 0.5 0 1002825991 138,000.00 6.475 6.475 0.5 0 1002826017 468,900.00 7 7 0.5 0 1002826525 231,191.92 6.925 6.925 0.5 0 1002827114 119,733.46 6 6 0.5 0 1002827418 199,999.99 6.938 6.938 0.5 0 1002827962 66,300.00 8.125 8.125 0.5 0 1002830182 126,348.30 6.6 6.6 0.5 0 1002830798 425,000.00 5.99 5.99 0.5 0 1002830878 185,000.00 6.96 6.96 0.5 0 1002831092 184,800.00 7.025 7.025 0.5 0 1002831261 174,000.00 6.8 6.8 0.5 0 1002831403 540,000.00 5.525 5.525 0.5 0 1002831635 471,076.60 7.2 7.2 0.5 0 0000000000 389,685.65 8.6 8.6 0.5 0 1002832894 260,000.00 5.775 5.775 0.5 0 1002833429 413,999.75 8.75 8.75 0.5 0 1002833544 351,999.98 6.625 6.625 0.5 0 1002833866 196,000.00 7.25 7.25 0.5 0 0000000000 287,920.00 5.925 5.925 0.5 0 0000000000 359,799.52 5.75 5.75 0.5 0 1002834320 71,899.98 6.075 6.075 0.5 0 1002834455 295,200.00 5.99 5.99 0.5 0 1002892882 262,800.00 8.25 8.25 0.5 0 1002892935 297,851.00 5.625 5.625 0.5 0 1002893006 414,000.00 6.75 6.75 0.5 0 1002894611 396,000.00 6.375 6.375 0.5 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7.25 0.5 0 1002694533 516,000.00 7.25 7.25 0.5 0 1002695097 145,800.00 8.325 8.325 0.5 0 1002695499 273,600.00 6.25 6.25 0.5 0 1002695514 591,000.00 6.7 6.7 0.5 0 1002695621 269,100.00 8.7 8.7 0.5 0 1002837675 112,500.00 7.6 7.6 0.5 0 1002838031 130,000.00 5.99 5.99 0.5 0 1002838488 108,000.00 6.775 6.775 0.5 0 1002838718 126,000.00 7.75 7.75 0.5 0 1002839192 70,000.00 6.075 6.075 0.5 0 1002839762 291,999.98 5.875 5.875 0.5 0 1002840162 323,999.85 6.53 6.53 0.5 0 1002840661 387,999.16 6.65 6.65 0.5 0 1002790091 228,000.00 7.15 7.15 0.5 0 1002791045 207,999.98 6.4 6.4 0.5 0 0000000000 163,999.99 7.325 7.325 0.5 0 1002791278 148,000.00 6.99 6.99 0.5 0 0000000000 235,958.26 7.075 7.075 0.5 0 1002791919 298,288.00 7.825 7.825 0.5 0 0000000000 186,344.72 7.075 7.075 0.5 0 1002792044 219,999.98 5.98 5.98 0.5 0 1002841866 324,999.98 5.99 5.99 0.5 0 1002842124 375,972.25 6.99 6.99 0.5 0 1002842455 96,799.98 6.5 6.5 0.5 0 1002842507 147,957.91 6.75 6.75 0.5 0 1002842838 172,000.00 5.99 5.99 0.5 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6.075 0.5 0 1002848191 176,000.00 6.25 6.25 0.5 0 1002848208 179,200.00 6.99 6.99 0.5 0 1002848468 547,200.00 6.475 6.475 0.5 0 1002848547 285,000.00 5.6 5.6 0.5 0 1002848556 367,200.00 5.6 5.6 0.5 0 0000000000 198,249.50 6.05 6.05 0.5 0 1002848976 211,200.00 6.25 6.25 0.5 0 1002846264 275,599.99 6.925 6.925 0.5 0 1002846399 188,099.98 6.325 6.325 0.5 0 0000000000 288,000.00 6.625 6.625 0.5 0 1002846530 229,500.00 8.7 8.7 0.5 0 1002846718 148,800.00 7.15 7.15 0.5 0 1002846790 184,800.00 6.12 6.12 0.5 0 1002847539 218,308.88 6.35 6.35 0.5 0 1002847628 331,999.98 5.75 5.75 0.5 0 0000000000 271,899.97 6.625 6.625 0.5 0 1002849948 200,000.00 6.825 6.825 0.5 0 1002850016 268,000.00 6 6 0.5 0 0000000000 159,000.00 7.85 7.85 0.5 0 1002850196 474,000.00 6.55 6.55 0.5 0 1002850427 105,516.98 7.225 7.225 0.5 0 1002850775 185,996.16 6.7 6.7 0.5 0 1002850819 361,600.00 6.1 6.1 0.5 0 1002849083 275,192.00 5.81 5.81 0.5 0 1002849145 168,300.00 7.1 7.1 0.5 0 1002849154 152,800.00 6.725 6.725 0.5 0 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297,622.99 6.5 6.5 0.5 0 1002865475 133,498.25 5.75 5.75 0.5 0 1002865634 135,000.00 7.85 7.85 0.5 0 1002865849 370,281.57 7.625 7.625 0.5 0 1002865901 367,200.00 6.975 6.975 0.5 0 1002865938 160,000.00 6.83 6.83 0.5 0 1002868944 280,000.00 5.99 5.99 0.5 0 1002868999 332,500.00 6.35 6.35 0.5 0 1002869079 268,000.00 6.75 6.75 0.5 0 1002869168 150,000.00 6.525 6.525 0.5 0 0000000000 117,199.98 7.55 7.55 0.5 0 1002867801 199,520.00 6.55 6.55 0.5 0 1002868007 296,000.00 6.25 6.25 0.5 0 1002868025 239,200.00 6.99 6.99 0.5 0 1002868221 360,000.00 5.875 5.875 0.5 0 1002868686 109,600.00 7.5 7.5 0.5 0 1002868695 158,240.00 7.4 7.4 0.5 0 1002868702 279,923.76 6.5 6.5 0.5 0 1002868757 168,000.00 7.175 7.175 0.5 0 1002871002 170,320.00 6.863 6.863 0.5 0 1002871128 391,000.00 6.99 6.99 0.5 0 1002871324 268,199.70 7.3 7.3 0.5 0 1002871342 280,000.00 6.5 6.5 0.5 0 1002872047 435,000.00 6.24 6.24 0.5 0 1002872252 292,500.00 8.5 8.5 0.5 0 1002872261 297,499.99 7.9 7.9 0.5 0 1002872859 138,843.98 5.65 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0.5 0 0000000000 199,898.88 5.99 5.99 0.5 0 1002877097 270,000.00 5.8 5.8 0.5 0 1002877220 419,999.43 6.875 6.875 0.5 0 0000000000 319,999.97 5.9 5.9 0.5 0 1002877319 280,000.00 5.9 5.9 0.5 0 1002877480 291,200.00 5.5 5.5 0.5 0 1002876463 155,000.00 6.99 6.99 0.5 0 1002876481 300,000.00 6.15 6.15 0.5 0 1002876490 247,433.75 6.425 6.425 0.5 0 1002876524 150,300.00 7.1 7.1 0.5 0 1002876631 184,654.15 6.888 6.888 0.5 0 1002876686 290,309.25 7.5 7.5 0.5 0 1002876720 415,920.00 5.5 5.5 0.5 0 1002876775 476,000.00 5.25 5.25 0.5 0 1002878657 200,000.00 6.825 6.825 0.5 0 1002879317 191,200.00 7.575 7.575 0.5 0 1002879326 304,000.00 6.975 6.975 0.5 0 1002879353 158,400.00 6.275 6.275 0.5 0 1002879665 376,000.00 6.5 6.5 0.5 0 1002879683 303,090.66 5.325 5.325 0.5 0 1002879745 404,057.74 7.3 7.3 0.5 0 1002879790 339,999.98 6.625 6.625 0.5 0 1002877729 360,000.00 6.5 6.5 0.5 0 1002877989 226,400.00 6.99 6.99 0.5 0 1002878005 244,800.00 6.5 6.5 0.5 0 1002878014 319,920.00 5.7 5.7 0.5 0 0000000000 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196,480.00 7.25 7.25 0.5 0 1002883990 274,500.00 7.925 7.925 0.5 0 1002884007 114,320.00 6.575 6.575 0.5 0 1002884542 315,999.99 6.625 6.625 0.5 0 1002884695 307,999.10 6.99 6.99 0.5 0 1002884846 280,000.00 7.55 7.55 0.5 0 1002887451 108,500.00 6.5 6.5 0.5 0 1002887530 608,000.00 5.875 5.875 0.5 0 1002887601 147,500.00 7.025 7.025 0.5 0 0000000000 87,199.99 6.2 6.2 0.5 0 1002888520 367,200.00 6.3 6.3 0.5 0 1002888655 320,000.00 6.625 6.625 0.5 0 1002888673 332,000.00 6.75 6.75 0.5 0 1002886201 432,000.00 5.75 5.75 0.5 0 1002886318 243,000.00 6.99 6.99 0.5 0 1002886498 151,500.00 6 6 0.5 0 1002886684 280,611.00 6.925 6.925 0.5 0 1002886700 148,410.00 9.325 9.325 0.5 0 1002886737 184,000.00 6.99 6.99 0.5 0 1002886844 219,999.98 7 7 0.5 0 1002889752 357,600.00 6.625 6.625 0.5 0 1002889841 372,000.00 5.7 5.7 0.5 0 1002889949 358,075.00 5.375 5.375 0.5 0 0000000000 464,000.00 5.725 5.725 0.5 0 1002890072 260,524.54 5.525 5.525 0.5 0 1002890269 240,000.00 6.775 6.775 0.5 0 1002890376 260,000.00 6.99 6.99 0.5 0 1002890465 175,500.00 6.99 6.99 0.5 0 1002888691 507,999.98 6.625 6.625 0.5 0 1002888833 415,999.98 5.75 5.75 0.5 0 1002889191 585,000.00 6.3 6.3 0.5 0 1002889217 320,000.00 5.875 5.875 0.5 0 0000000000 427,999.99 6.875 6.875 0.5 0 1002889556 308,000.00 6.525 6.525 0.5 0 1002889574 207,999.99 7 7 0.5 0 1002889663 580,000.00 6.125 6.125 0.5 0 0000000000 243,999.98 6.85 6.85 0.5 0 1002896968 333,000.00 7.99 7.99 0.5 0 1002897057 369,000.00 6.5 6.5 0.5 0 1002897075 251,999.98 6.34 6.34 0.5 0 1002897262 160,800.00 6.75 6.75 0.5 0 1002897280 176,000.00 6.025 6.025 0.5 0 1002897360 440,000.00 5.95 5.95 0.5 0 1002895317 374,000.00 6.25 6.25 0.5 0 1002895683 463,999.98 5.9 5.9 0.5 0 1002895745 141,200.00 7.575 7.575 0.5 0 1002895772 259,991.74 6 6 0.5 0 0000000000 232,000.00 6.375 6.375 0.5 0 0000000000 208,000.00 5.99 5.99 0.5 0 1002896263 331,000.00 5.99 5.99 0.5 0 1002896398 349,999.99 6.65 6.65 0.5 0 0000000000 132,751.98 6.85 6.85 0.5 0 1002899199 259,999.98 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0.5 0 0000000000 413,999.50 6.5 6.5 0.5 0 1002903228 211,999.11 5.625 5.625 0.5 0 1002903335 328,000.00 6.95 6.95 0.5 0 1002903362 116,997.00 7.99 7.99 0.5 0 1002903406 164,000.00 7.1 7.1 0.5 0 0000000000 168,000.00 7.525 7.525 0.5 0 1002904254 215,200.00 7.5 7.5 0.5 0 1002904913 190,000.00 6.6 6.6 0.5 0 1002904959 292,000.00 5.55 5.55 0.5 0 1002902354 308,000.00 5.625 5.625 0.5 0 1002902416 291,999.99 6.25 6.25 0.5 0 0000000000 127,400.00 6.8 6.8 0.5 0 1002902648 187,000.00 6.5 6.5 0.5 0 1002902791 144,000.00 6.99 6.99 0.5 0 1002903013 219,199.98 6.8 6.8 0.5 0 1002903059 240,000.00 6.99 6.99 0.5 0 0000000000 228,000.00 6.375 6.375 0.5 0 1002907894 324,000.00 6.75 6.75 0.5 0 1002908054 382,500.00 5.85 5.85 0.5 0 1002908116 314,456.99 5.99 5.99 0.5 0 1002908553 279,999.99 5.65 5.65 0.5 0 1002908866 378,000.00 7.7 7.7 0.5 0 1002908955 436,499.99 5.75 5.75 0.5 0 1002909026 324,000.00 6.375 6.375 0.5 0 1002905039 153,000.00 8.325 8.325 0.5 0 1002905164 280,000.00 6.75 6.75 0.5 0 1002905468 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1002921814 260,000.00 5.65 5.65 0.5 0 1002921985 708,000.00 7.275 7.275 0.5 0 1002922047 392,000.00 5.25 5.25 0.5 0 1002922225 124,605.99 7.48 7.48 0.5 0 1002922261 263,199.99 5.875 5.875 0.5 0 1002920539 428,000.00 6.75 6.75 0.5 0 1002920557 343,999.98 5.99 5.99 0.5 0 1002920995 145,961.63 6.275 6.275 0.5 0 1002921002 212,000.00 6.99 6.99 0.5 0 1002921039 416,000.00 5.625 5.625 0.5 0 1002921119 188,950.00 8.5 8.5 0.5 0 1002921262 174,250.00 6.99 6.99 0.5 0 1002921388 431,910.00 6.85 6.85 0.5 0 1002923812 210,000.00 6.5 6.5 0.5 0 1002923885 175,600.00 6.8 6.8 0.5 0 1002923992 208,000.00 7.575 7.575 0.5 0 1002924054 233,750.00 7.99 7.99 0.5 0 1002924072 252,537.58 7.125 7.125 0.5 0 1002924349 180,900.00 5.95 5.95 0.5 0 1002924465 107,920.00 5.875 5.875 0.5 0 1002924492 136,000.00 7.175 7.175 0.5 0 1002922449 352,000.00 5.45 5.45 0.5 0 1002923126 474,999.98 5.75 5.75 0.5 0 1002923224 221,960.00 7.175 7.175 0.5 0 1002923395 217,599.99 7.45 7.45 0.5 0 0000000000 279,000.00 7.6 7.6 0.5 0 0000000000 348,000.00 6.75 6.75 0.5 0 0000000000 285,929.31 5.6 5.6 0.5 0 1002923787 219,000.00 5.95 5.95 0.5 0 1002928513 423,079.64 6.75 6.75 0.5 0 1002928522 396,000.00 6 6 0.5 0 1002928611 140,000.00 6.225 6.225 0.5 0 1002929059 146,400.00 5.5 5.5 0.5 0 1002929451 211,250.00 6.05 6.05 0.5 0 0000000000 150,320.00 6.613 6.613 0.5 0 1002929585 182,000.00 6.2 6.2 0.5 0 1002924562 304,200.00 7.7 7.7 0.5 0 1002924982 176,000.00 6.99 6.99 0.5 0 1002925008 180,000.00 7.65 7.65 0.5 0 1002925035 331,945.85 6.525 6.525 0.5 0 1002925339 216,000.00 6.4 6.4 0.5 0 1002925507 153,000.00 8.3 8.3 0.5 0 0000000000 279,000.00 7.5 7.5 0.5 0 0000000000 134,400.00 6.225 6.225 0.5 0 1002930813 199,580.00 6.875 6.875 0.5 0 0000000000 212,400.00 5.975 5.975 0.5 0 1002930939 411,884.13 6.75 6.75 0.5 0 1002930948 170,000.00 9.25 9.25 0.5 0 1002931000 279,000.00 7.475 7.475 0.5 0 1002931135 372,999.98 6.05 6.05 0.5 0 1002931643 276,000.00 5.5 5.5 0.5 0 1002931661 208,000.00 5.99 5.99 0.5 0 1002929709 301,749.99 6.2 6.2 0.5 0 1002929825 236,000.00 6.625 6.625 0.5 0 1002929852 250,000.00 6.25 6.25 0.5 0 1002929870 249,049.99 6.825 6.825 0.5 0 1002930038 175,999.98 8.45 8.45 0.5 0 1002930145 372,000.00 5.8 5.8 0.5 0 1002930555 96,000.00 7.3 7.3 0.5 0 1002930626 183,919.98 6.8 6.8 0.5 0 1002932474 520,000.00 5.7 5.7 0.5 0 1002932483 205,000.00 8.95 8.95 0.5 0 0000000000 270,000.00 5.325 5.325 0.5 0 1002932599 424,000.00 6.9 6.9 0.5 0 1002933017 344,000.00 6.375 6.375 0.5 0 1002933124 152,000.00 5.25 5.25 0.5 0 1002933482 369,896.99 5.75 5.75 0.5 0 1002933543 297,000.00 6.625 6.625 0.5 0 1002931698 130,000.00 6.35 6.35 0.5 0 1002931723 409,500.00 7.6 7.6 0.5 0 1002931983 300,000.00 5.25 5.25 0.5 0 1002932161 348,999.98 5.99 5.99 0.5 0 0000000000 174,956.32 5.99 5.99 0.5 0 1002932198 365,000.00 6.75 6.75 0.5 0 1002932376 288,000.00 7.75 7.75 0.5 0 1002932456 162,319.97 7.225 7.225 0.5 0 1002934418 252,000.00 7.875 7.875 0.5 0 1002934463 430,400.00 6.25 6.25 0.5 0 1002934757 264,000.00 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182,000.00 5.95 5.95 0.5 0 1002936504 134,400.00 7.075 7.075 0.5 0 1002936719 171,999.99 7 7 0.5 0 1002937077 224,000.00 7.15 7.15 0.5 0 1002939510 466,400.00 5.85 5.85 0.5 0 1002939583 250,000.00 5.25 5.25 0.5 0 1002939752 483,999.98 5.5 5.5 0.5 0 0000000000 200,000.00 6.25 6.25 0.5 0 1002940170 138,399.98 7.375 7.375 0.5 0 1002940438 124,000.00 6.15 6.15 0.5 0 1002940535 328,000.00 6.5 6.5 0.5 0 1002938307 245,000.00 6.49 6.49 0.5 0 1002938343 120,000.00 6.425 6.425 0.5 0 1002938370 269,749.98 5.99 5.99 0.5 0 1002938655 139,920.00 6.8 6.8 0.5 0 1002938691 121,500.00 7.9 7.9 0.5 0 1002938851 292,000.00 5.99 5.99 0.5 0 1002938860 146,740.00 5.25 5.25 0.5 0 0000000000 194,952.00 7.825 7.825 0.5 0 1003165684 165,600.00 5.65 5.65 0.5 0 1003165746 301,499.99 6.45 6.45 0.5 0 1003166228 480,000.00 6.775 6.775 0.5 0 1003166567 315,900.00 6.725 6.725 0.5 0 1003166861 378,000.00 8.825 8.825 0.5 0 1003167138 157,200.00 6.5 6.5 0.5 0 1003167227 384,000.00 6.525 6.525 0.5 0 1003047045 308,800.00 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260,249.97 5.99 5.99 0.5 0 1002960781 191,920.00 7.99 7.99 0.5 0 1002960816 340,000.00 5.99 5.99 0.5 0 1002962262 585,000.00 6.99 6.99 0.5 0 1002962306 288,000.00 6.75 6.75 0.5 0 1002962379 262,500.00 5.25 5.25 0.5 0 1002962547 120,800.00 6.9 6.9 0.5 0 1002962654 82,999.99 8.35 8.35 0.5 0 1002962663 133,600.00 6.875 6.875 0.5 0 1002962734 472,000.00 6.825 6.825 0.5 0 1002960941 277,600.00 5.85 5.85 0.5 0 1002961049 396,000.00 6.5 6.5 0.5 0 1002961254 163,500.00 6.9 6.9 0.5 0 1002961263 418,499.98 6.55 6.55 0.5 0 1002961405 312,000.00 6.75 6.75 0.5 0 1002961753 280,000.00 6.2 6.2 0.5 0 1002961897 232,800.00 7.25 7.25 0.5 0 1002963813 148,000.00 5.99 5.99 0.5 0 0000000000 331,999.98 5.99 5.99 0.5 0 1002963911 171,999.97 6.625 6.625 0.5 0 1002964046 350,160.00 5.85 5.85 0.5 0 1002964242 308,000.00 6.8 6.8 0.5 0 1002964331 630,800.00 6.125 6.125 0.5 0 1002964395 164,000.00 6.1 6.1 0.5 0 1002964402 177,200.00 6.73 6.73 0.5 0 1002962743 168,000.00 6.99 6.99 0.5 0 1002962798 99,970.88 6.99 6.99 0.5 0 1002963065 116,799.98 6.175 6.175 0.5 0 1002963289 511,999.98 5.75 5.75 0.5 0 1002963369 97,685.00 6.65 6.65 0.5 0 1002963485 270,000.00 7.3 7.3 0.5 0 1002963733 207,938.68 7.075 7.075 0.5 0 1002965143 468,000.00 7.375 7.375 0.5 0 1002965367 261,000.00 5.7 5.7 0.5 0 1002965376 312,000.00 6.825 6.825 0.5 0 1002965802 272,000.00 6.4 6.4 0.5 0 1002965811 293,600.00 5.875 5.875 0.5 0 1002965875 471,200.00 6.625 6.625 0.5 0 0000000000 425,280.00 6.575 6.575 0.5 0 1002965991 549,000.00 6.6 6.6 0.5 0 1002964527 215,920.00 6.95 6.95 0.5 0 1002964536 276,000.00 5.725 5.725 0.5 0 0000000000 195,000.00 6.25 6.25 0.5 0 1002964705 271,999.13 6.25 6.25 0.5 0 1002964812 526,498.82 5.6 5.6 0.5 0 1002964938 316,800.00 5.9 5.9 0.5 0 1002965009 148,800.00 6.875 6.875 0.5 0 1002965045 290,000.00 6.113 6.113 0.5 0 1002966838 399,999.98 6.25 6.25 0.5 0 1002966865 425,000.00 6.4 6.4 0.5 0 1002966972 440,000.00 6.2 6.2 0.5 0 1002966990 151,971.98 6.625 6.625 0.5 0 1002967285 103,200.00 7.5 7.5 0.5 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1002971537 183,750.00 7.5 7.5 0.5 0 1002971671 355,200.00 7.85 7.85 0.5 0 1002971902 85,600.00 5.625 5.625 0.5 0 1002972073 369,000.00 6.75 6.75 0.5 0 1002972466 100,719.98 6.99 6.99 0.5 0 1002972787 360,000.00 6.725 6.725 0.5 0 1002970128 255,000.00 7.25 7.25 0.5 0 1002970271 259,999.98 6.563 6.563 0.5 0 1002970397 191,050.00 5.675 5.675 0.5 0 1002970681 169,360.00 7.275 7.275 0.5 0 1002971010 257,600.00 5.7 5.7 0.5 0 0000000000 240,000.00 7.4 7.4 0.5 0 1002971270 293,164.98 5.3 5.3 0.5 0 1002973811 236,060.99 5.775 5.775 0.5 0 1002973848 255,999.98 5.92 5.92 0.5 0 1002974204 191,995.17 5.99 5.99 0.5 0 1002974213 256,500.00 7.7 7.7 0.5 0 1002974268 247,200.00 6.775 6.775 0.5 0 1002974428 397,799.99 7.075 7.075 0.5 0 1002974491 213,200.00 7.875 7.875 0.5 0 0000000000 160,232.00 6.475 6.475 0.5 0 1002972894 312,000.00 6.65 6.65 0.5 0 1002972983 364,499.98 6.95 6.95 0.5 0 1002973045 395,000.00 5.25 5.25 0.5 0 0000000000 235,200.00 7.225 7.225 0.5 0 1002973312 132,300.00 6.6 6.6 0.5 0 1002973580 199,999.98 6.5 6.5 0.5 0 1002973642 364,500.00 6.125 6.125 0.5 0 0000000000 172,000.00 6.05 6.05 0.5 0 1002976257 206,704.31 5.99 5.99 0.5 0 1002976293 255,600.00 6.825 6.825 0.5 0 1002976337 92,800.00 6.575 6.575 0.5 0 1002976514 268,800.00 6.6 6.6 0.5 0 0000000000 191,999.90 6.295 6.295 0.5 0 1002976676 405,000.00 5.95 5.95 0.5 0 1002976701 283,999.33 6.5 6.5 0.5 0 1002976907 292,000.00 6.75 6.75 0.5 0 1002974810 166,441.20 7.9 7.9 0.5 0 1002975169 126,387.02 5.73 5.73 0.5 0 1002975267 259,919.98 6.99 6.99 0.5 0 1002975445 184,000.00 7.2 7.2 0.5 0 1002975481 357,600.00 6.25 6.25 0.5 0 0000000000 377,100.00 7.75 7.75 0.5 0 1002975908 152,000.00 7.3 7.3 0.5 0 0000000000 399,887.29 6.725 6.725 0.5 0 1002977979 441,000.00 7.9 7.9 0.5 0 1002977997 428,800.00 7.875 7.875 0.5 0 1002978031 382,000.00 6.2 6.2 0.5 0 1002978228 266,988.72 6.75 6.75 0.5 0 1002978353 367,200.00 5.99 5.99 0.5 0 1002978549 217,899.98 8.3 8.3 0.5 0 1002978567 420,000.00 5.5 5.5 0.5 0 1002978834 316,000.00 5.85 5.85 0.5 0 1002976989 266,400.00 6.025 6.025 0.5 0 1002977149 396,000.00 6.825 6.825 0.5 0 0000000000 223,999.99 5.99 5.99 0.5 0 1002977336 190,000.00 7.525 7.525 0.5 0 0000000000 204,000.00 6.55 6.55 0.5 0 1002977443 169,400.00 7.35 7.35 0.5 0 1002977577 364,000.00 6.95 6.95 0.5 0 1002977853 206,151.11 7.22 7.22 0.5 0 1002979977 248,000.00 6.75 6.75 0.5 0 1002980046 143,920.00 6.65 6.65 0.5 0 1002980368 259,250.00 6.6 6.6 0.5 0 0000000000 412,199.99 6.375 6.375 0.5 0 1002980420 210,000.00 5.65 5.65 0.5 0 1002980652 268,000.00 5.85 5.85 0.5 0 1002979012 337,000.00 7.45 7.45 0.5 0 1002979192 179,439.77 8 8 0.5 0 1002979245 384,000.00 5.65 5.65 0.5 0 1002979325 363,749.98 6.5 6.5 0.5 0 1002979370 542,750.00 5.4 5.4 0.5 0 1002979557 320,800.00 6.5 6.5 0.5 0 1002979904 408,499.99 7.35 7.35 0.5 0 1002981580 217,599.92 6.7 6.7 0.5 0 1002981731 231,388.06 6.55 6.55 0.5 0 1002981848 400,000.00 6.725 6.725 0.5 0 1002982026 155,610.00 8.575 8.575 0.5 0 1002982179 220,000.00 6.65 6.65 0.5 0 1002982302 198,049.98 7.325 7.325 0.5 0 1002982348 159,999.99 6.25 6.25 0.5 0 1002982437 140,000.00 6.79 6.79 0.5 0 1002980661 400,000.00 6.99 6.99 0.5 0 1002980821 172,000.00 5.25 5.25 0.5 0 1002981036 118,399.99 6.275 6.275 0.5 0 1002981205 150,000.00 7.375 7.375 0.5 0 1002981269 310,000.00 7.225 7.225 0.5 0 1002981312 372,000.00 5.99 5.99 0.5 0 1002981429 206,549.99 6.75 6.75 0.5 0 1002981553 263,000.00 7.25 7.25 0.5 0 1003001593 334,706.00 7.375 7.375 0.5 0 1003001682 207,999.99 5.95 5.95 0.5 0 1003001806 596,979.31 5.5 5.5 0.5 0 1003001842 220,000.00 6.225 6.225 0.5 0 1003001931 143,599.98 6.5 6.5 0.5 0 1003001940 500,000.00 5.75 5.75 0.5 0 0000000000 132,900.00 5.75 5.75 0.5 0 1003000736 236,800.00 6.875 6.875 0.5 0 1003001227 407,200.00 6.05 6.05 0.5 0 1003001281 463,499.99 7.525 7.525 0.5 0 1003001478 163,000.00 5.425 5.425 0.5 0 1003001557 297,000.00 5.25 5.25 0.5 0 1003001584 320,799.99 6.625 6.625 0.5 0 1002704522 324,000.00 7.575 7.575 0.5 0 0000000000 130,400.00 6.25 6.25 0.5 0 0000000000 229,500.00 7.7 7.7 0.5 0 1002705086 247,938.70 5.875 5.875 0.5 0 1002705433 202,000.00 6.575 6.575 0.5 0 0000000000 305,000.00 5.85 5.85 0.5 0 1002705932 219,999.99 6.4 6.4 0.5 0 1002706478 278,999.99 6.05 6.05 0.5 0 1002709135 187,264.00 5.75 5.75 0.5 0 1002709260 439,999.99 6.5 6.5 0.5 0 1002709493 520,000.00 6.65 6.65 0.5 0 1002709689 184,500.00 9.2 9.2 0.5 0 1002709769 109,970.58 6.33 6.33 0.5 0 1002709901 165,600.00 7.875 7.875 0.5 0 1002710034 128,000.00 7.15 7.15 0.5 0 1002706520 467,200.00 5.99 5.99 0.5 0 1002707299 270,400.00 7.125 7.125 0.5 0 1002707841 456,000.00 5.925 5.925 0.5 0 1002707976 471,311.98 5.375 5.375 0.5 0 1002708029 244,000.00 6.9 6.9 0.5 0 1002708136 436,712.98 7.125 7.125 0.5 0 0000000000 476,000.00 6.99 6.99 0.5 0 1002713353 372,000.00 5.99 5.99 0.5 0 1002713433 319,999.98 6.125 6.125 0.5 0 1002713683 535,500.00 6.35 6.35 0.5 0 1002714058 255,491.98 5.85 5.85 0.5 0 1002714094 189,000.00 6.9 6.9 0.5 0 1002714101 416,000.00 6.4 6.4 0.5 0 0000000000 260,400.00 6.25 6.25 0.5 0 1002710427 251,600.00 6 6 0.5 0 1002710481 423,748.13 5.875 5.875 0.5 0 1002710613 590,599.99 5.725 5.725 0.5 0 1002710631 223,999.98 6.125 6.125 0.5 0 0000000000 184,800.00 6.2 6.2 0.5 0 1002711961 446,400.00 5.75 5.75 0.5 0 1002712265 387,000.00 6.25 6.25 0.5 0 1002712880 148,000.00 6.5 6.5 0.5 0 1002716626 240,000.00 6.55 6.55 0.5 0 1002716822 542,999.98 6.125 6.125 0.5 0 1002717297 290,000.00 5.35 5.35 0.5 0 1002717992 183,200.00 6.625 6.625 0.5 0 1002718205 211,999.99 6.95 6.95 0.5 0 1002719099 414,999.98 6.05 6.05 0.5 0 1002719366 196,000.00 6.675 6.675 0.5 0 1002720087 384,000.00 7.125 7.125 0.5 0 1002714414 227,795.38 8.425 8.425 0.5 0 1002714423 175,499.12 8.25 8.25 0.5 0 1002714904 224,000.00 5.75 5.75 0.5 0 1002714940 388,800.00 6.5 6.5 0.5 0 1002715510 420,000.00 7.3 7.3 0.5 0 1002716154 369,999.98 6.725 6.725 0.5 0 1002716207 472,000.00 7.25 7.25 0.5 0 1002716396 508,500.00 6 6 0.5 0 1002722619 325,599.98 6.85 6.85 0.5 0 1002722968 374,652.21 6.325 6.325 0.5 0 1002723155 379,000.00 5.7 5.7 0.5 0 0000000000 121,600.00 6.99 6.99 0.5 0 1002723743 180,000.00 6.75 6.75 0.5 0 1002724617 97,500.00 7.4 7.4 0.5 0 1002724902 179,245.33 6.525 6.525 0.5 0 1002720309 352,000.00 6.99 6.99 0.5 0 1002721095 204,000.00 6.8 6.8 0.5 0 1002721905 288,800.00 6.525 6.525 0.5 0 1002722049 89,586.28 7.375 7.375 0.5 0 1002722085 392,000.00 5.5 5.5 0.5 0 1002722520 364,899.56 5.25 5.25 0.5 0 0000000000 277,589.02 6.99 6.99 0.5 0 1002728640 256,000.00 6.675 6.675 0.5 0 1002728926 487,999.99 7.625 7.625 0.5 0 1002729159 156,000.00 6.85 6.85 0.5 0 1002729471 143,920.00 7.55 7.55 0.5 0 1002729621 227,999.64 7.225 7.225 0.5 0 1002729701 146,400.00 6.25 6.25 0.5 0 0000000000 190,000.00 5.9 5.9 0.5 0 0000000000 345,199.99 6.325 6.325 0.5 0 1002726474 192,000.00 8.2 8.2 0.5 0 0000000000 369,999.99 6.25 6.25 0.5 0 0000000000 498,999.98 5.8 5.8 0.5 0 1002728043 171,400.00 6.1 6.1 0.5 0 1002728374 243,000.00 7.7 7.7 0.5 0 1002728533 243,750.00 7.125 7.125 0.5 0 1002731690 159,999.98 7.375 7.375 0.5 0 1002732136 164,000.00 7.275 7.275 0.5 0 0000000000 256,000.00 7.125 7.125 0.5 0 1002733698 249,520.00 6.65 6.65 0.5 0 1002734081 440,400.00 5.725 5.725 0.5 0 1002729916 320,000.00 5.5 5.5 0.5 0 1002730432 268,000.00 5.775 5.775 0.5 0 1002730469 135,000.00 7.85 7.85 0.5 0 0000000000 314,400.00 7.125 7.125 0.5 0 1002730824 395,199.98 7.525 7.525 0.5 0 1002731048 274,999.98 5.9 5.9 0.5 0 1002731128 370,000.00 5.85 5.85 0.5 0 1002731538 338,351.98 6.43 6.43 0.5 0 1002740065 372,000.00 6.5 6.5 0.5 0 1002740289 99,120.00 6.325 6.325 0.5 0 1002740555 208,000.00 7 7 0.5 0 1002740742 217,600.00 7.25 7.25 0.5 0 1002740760 214,400.00 6.975 6.975 0.5 0 1002741448 156,000.00 6.15 6.15 0.5 0 1002741572 223,917.71 6.625 6.625 0.5 0 0000000000 455,000.00 6 6 0.5 0 0000000000 250,000.00 6.15 6.15 0.5 0 1002737186 292,000.00 7.55 7.55 0.5 0 1002737211 480,000.00 5.65 5.65 0.5 0 1002737417 211,798.98 6.1 6.1 0.5 0 1002737505 252,000.00 8.1 8.1 0.5 0 1002738194 216,000.00 6.69 6.69 0.5 0 0000000000 257,599.98 6.875 6.875 0.5 0 1002985416 267,499.98 6.1 6.1 0.5 0 1002985498 86,319.98 7.775 7.775 0.5 0 1002985648 385,000.00 6.1 6.1 0.5 0 1002985666 139,999.98 7.475 7.475 0.5 0 1002986031 99,200.00 6.85 6.85 0.5 0 0000000000 247,500.00 5.6 5.6 0.5 0 1002986255 108,399.98 6.875 6.875 0.5 0 1002986594 124,000.00 6.425 6.425 0.5 0 1002984328 96,399.98 7.088 7.088 0.5 0 1002984603 233,522.21 7.25 7.25 0.5 0 1002984756 360,000.00 6.9 6.9 0.5 0 1002984836 257,268.98 6.175 6.175 0.5 0 1002984925 391,899.98 5.75 5.75 0.5 0 1002985005 463,000.00 6.15 6.15 0.5 0 1002985050 300,000.00 5.975 5.975 0.5 0 1002985130 275,920.00 6.475 6.475 0.5 0 1002986674 219,200.00 5.95 5.95 0.5 0 1002987717 264,800.00 7.375 7.375 0.5 0 1002988039 423,199.98 5.825 5.825 0.5 0 1002988137 308,750.00 6.99 6.99 0.5 0 1002988182 348,000.00 7.075 7.075 0.5 0 1002988191 280,000.00 6.5 6.5 0.5 0 1002989332 292,000.00 6.75 6.75 0.5 0 1002989635 679,999.99 7.1 7.1 0.5 0 1002989742 296,896.04 6.6 6.6 0.5 0 1002989966 253,300.00 6.75 6.75 0.5 0 1002990151 274,400.00 5.9 5.9 0.5 0 1002990268 210,000.00 7.55 7.55 0.5 0 1002990311 359,894.54 6.99 6.99 0.5 0 1002988253 248,000.00 6.99 6.99 0.5 0 1002988468 430,391.98 6.125 6.125 0.5 0 1002988618 272,000.00 5.5 5.5 0.5 0 1002989163 379,999.99 5.99 5.99 0.5 0 1002989190 292,499.99 6.95 6.95 0.5 0 1002989225 443,699.99 6.35 6.35 0.5 0 1002989305 364,000.00 5.375 5.375 0.5 0 1002991855 360,000.00 7.05 7.05 0.5 0 1002991873 170,390.90 6.45 6.45 0.5 0 1002992890 420,000.00 5.875 5.875 0.5 0 1002993327 330,650.00 6.225 6.225 0.5 0 1002993522 63,375.00 5.35 5.35 0.5 0 1002994433 192,000.00 6.35 6.35 0.5 0 1002990339 317,000.00 6.65 6.65 0.5 0 1002990446 146,400.00 7.375 7.375 0.5 0 1002990614 239,372.00 6.575 6.575 0.5 0 0000000000 444,000.00 7.45 7.45 0.5 0 1002991490 241,520.00 6.375 6.375 0.5 0 1002991766 424,199.20 6.65 6.65 0.5 0 1002991784 293,040.00 6 6 0.5 0 1002995138 311,199.99 5.85 5.85 0.5 0 1002995343 440,000.00 6.15 6.15 0.5 0 1002995487 307,999.99 7.025 7.025 0.5 0 1002995753 132,937.25 5.83 5.83 0.5 0 1002995780 202,500.00 8.225 8.225 0.5 0 1002995806 279,999.98 6.25 6.25 0.5 0 1002994460 141,439.99 6.8 6.8 0.5 0 1002994488 274,429.60 7.65 7.65 0.5 0 1002994549 112,000.00 6.65 6.65 0.5 0 1002994754 252,000.00 6.99 6.99 0.5 0 1002994843 267,999.99 6.625 6.625 0.5 0 1002994870 431,200.00 6.5 6.5 0.5 0 1002995058 160,000.00 6.99 6.99 0.5 0 1002997065 180,000.00 6.5 6.5 0.5 0 1002997234 172,000.00 7.1 7.1 0.5 0 1002997476 155,961.07 5.99 5.99 0.5 0 1002997573 497,500.00 6.39 6.39 0.5 0 1002997662 244,000.00 8.225 8.225 0.5 0 1002997671 351,000.00 6.75 6.75 0.5 0 1002995879 343,000.00 6.35 6.35 0.5 0 1002995940 208,000.00 6.5 6.5 0.5 0 1002995968 588,000.00 6.6 6.6 0.5 0 1002996155 176,689.82 7.75 7.75 0.5 0 1002996547 528,000.00 6.025 6.025 0.5 0 1002996645 101,969.51 7.175 7.175 0.5 0 1002996814 365,000.00 5.375 5.375 0.5 0 1002998359 495,919.98 5.98 5.98 0.5 0 1002998484 111,999.99 7.675 7.675 0.5 0 1002998545 365,500.00 7.25 7.25 0.5 0 1002998769 280,000.00 6.99 6.99 0.5 0 1002998803 396,000.00 6.875 6.875 0.5 0 1002998821 386,950.00 6.7 6.7 0.5 0 0000000000 304,999.98 5.95 5.95 0.5 0 0000000000 210,000.00 5.3 5.3 0.5 0 1002997877 188,000.00 6.99 6.99 0.5 0 1002998046 441,000.00 6.25 6.25 0.5 0 0000000000 359,200.00 8.075 8.075 0.5 0 1002998082 227,700.00 6.05 6.05 0.5 0 1002998153 175,900.15 6.8 6.8 0.5 0 1002998322 595,999.99 6.5 6.5 0.5 0 1002999900 221,248.29 5.6 5.6 0.5 0 1002999928 408,749.81 7.7 7.7 0.5 0 1003000111 342,000.00 6 6 0.5 0 1003000246 316,000.00 6.15 6.15 0.5 0 0000000000 256,000.00 6.5 6.5 0.5 0 0000000000 276,000.00 6.4 6.4 0.5 0 0000000000 421,599.99 7.75 7.75 0.5 0 1002998983 390,400.00 6.25 6.25 0.5 0 1002999027 261,900.00 6.95 6.95 0.5 0 1002999045 515,782.96 6.375 6.375 0.5 0 1002999125 451,999.98 6.275 6.275 0.5 0 1002999312 386,000.00 7.5 7.5 0.5 0 1002999651 345,600.00 6.75 6.75 0.5 0 1002999759 224,800.00 6.25 6.25 0.5 0 1002999884 347,250.00 5.75 5.75 0.5 0 0000000000 152,000.00 6.688 6.688 0.5 0 1003003323 220,498.18 5.99 5.99 0.5 0 1003003332 117,599.39 6.65 6.65 0.5 0 1003003430 240,000.00 5.05 5.05 0.5 0 1003003449 124,000.00 7.475 7.475 0.5 0 1003003671 139,200.00 6.325 6.325 0.5 0 1003002048 227,000.00 5.7 5.7 0.5 0 1003002306 210,399.98 6.25 6.25 0.5 0 1003002333 140,000.00 6.925 6.925 0.5 0 1003002440 188,800.00 8.625 8.625 0.5 0 1003002716 380,000.00 5.65 5.65 0.5 0 1003002725 187,399.84 7.03 7.03 0.5 0 1003009728 336,000.00 5.99 5.99 0.5 0 1003009826 164,400.00 7.275 7.275 0.5 0 1003009924 168,799.98 7.1 7.1 0.5 0 0000000000 248,169.70 6.75 6.75 0.5 0 1003009979 367,999.99 5.99 5.99 0.5 0 0000000000 101,569.30 7.25 7.25 0.5 0 1003008765 423,894.18 5.99 5.99 0.5 0 1003008774 301,600.00 6.375 6.375 0.5 0 0000000000 186,889.31 8.55 8.55 0.5 0 1003009345 240,799.98 5.75 5.75 0.5 0 0000000000 309,999.99 6.4 6.4 0.5 0 1003009489 464,000.00 5.875 5.875 0.5 0 1003009504 285,499.44 6.5 6.5 0.5 0 0000000000 319,499.99 6.65 6.65 0.5 0 0000000000 441,000.00 6.99 6.99 0.5 0 1003011751 319,499.26 5.99 5.99 0.5 0 1003011797 196,000.00 6.675 6.675 0.5 0 1003011877 205,250.00 6.65 6.65 0.5 0 1003011957 256,000.00 5.6 5.6 0.5 0 1003010592 207,900.00 5.99 5.99 0.5 0 1003010672 169,996.02 5.7 5.7 0.5 0 1003010930 134,963.72 6.45 6.45 0.5 0 1003011038 140,800.00 6.85 6.85 0.5 0 1003011243 164,799.98 7.03 7.03 0.5 0 1003011378 351,199.98 5.99 5.99 0.5 0 1003012723 252,000.00 6.925 6.925 0.5 0 1003012732 198,000.00 6.85 6.85 0.5 0 1003013081 139,200.00 7.55 7.55 0.5 0 1003013250 130,000.00 6.93 6.93 0.5 0 1003013599 220,800.00 6.925 6.925 0.5 0 0000000000 375,000.00 5.9 5.9 0.5 0 1003012304 180,899.98 8.525 8.525 0.5 0 1003012554 360,000.00 8.7 8.7 0.5 0 1003012563 312,000.00 6.99 6.99 0.5 0 1003031249 539,099.54 7.5 7.5 0.5 0 1003031267 264,000.00 6.45 6.45 0.5 0 0000000000 195,499.99 6.625 6.625 0.5 0 1003031365 432,000.00 8.225 8.225 0.5 0 1003031383 249,000.00 6.65 6.65 0.5 0 1003031506 121,600.00 6.35 6.35 0.5 0 1003031677 239,959.99 6.475 6.475 0.5 0 1003015221 209,401.65 6.875 6.875 0.5 0 1003015418 161,608.00 7.6 7.6 0.5 0 1003015677 147,000.00 5.85 5.85 0.5 0 1003015720 160,000.00 6.975 6.975 0.5 0 1003032532 318,499.99 7.3 7.3 0.5 0 1003032701 371,908.55 5.9 5.9 0.5 0 1003032747 244,000.00 6.125 6.125 0.5 0 1003032907 360,000.00 6.225 6.225 0.5 0 1003032961 216,000.00 5.9 5.9 0.5 0 1003033087 256,992.86 5.99 5.99 0.5 0 1003033201 246,400.00 6.375 6.375 0.5 0 1003031748 480,000.00 6.375 6.375 0.5 0 1003032006 240,000.00 6.75 6.75 0.5 0 1003032159 279,000.00 7.24 7.24 0.5 0 1003032195 340,000.00 6.35 6.35 0.5 0 1003032364 222,400.00 6.8 6.8 0.5 0 1003032417 110,400.00 6.375 6.375 0.5 0 0000000000 150,400.00 8.375 8.375 0.5 0 1003036734 359,809.75 6 6 0.5 0 1003036789 349,980.98 6.375 6.375 0.5 0 1003036841 183,191.99 8.2 8.2 0.5 0 1003037010 409,500.00 5.575 5.575 0.5 0 1003037225 240,000.00 6.763 6.763 0.5 0 1003034433 144,000.00 7.15 7.15 0.5 0 1003035691 150,300.00 8 8 0.5 0 1003035806 196,000.00 6.5 6.5 0.5 0 1003036093 224,800.00 7.95 7.95 0.5 0 1003036360 120,000.00 6.775 6.775 0.5 0 1003036592 267,766.83 6.55 6.55 0.5 0 0000000000 168,800.00 6.375 6.375 0.5 0 1003048197 369,000.00 5.8 5.8 0.5 0 1003048366 304,000.00 6 6 0.5 0 1003048393 150,320.00 6.575 6.575 0.5 0 1003048473 191,919.98 5.65 5.65 0.5 0 1003048678 95,200.00 5.925 5.925 0.5 0 1003048712 324,000.00 6.75 6.75 0.5 0 1003048758 336,000.00 6.45 6.45 0.5 0 1003037966 449,100.00 5.35 5.35 0.5 0 1003038313 360,800.00 8 8 0.5 0 1003038509 396,000.00 7.125 7.125 0.5 0 1003038545 519,999.50 6.375 6.375 0.5 0 1003038572 514,249.50 6.65 6.65 0.5 0 1003038643 206,800.00 5.55 5.55 0.5 0 1003038867 192,000.00 7.025 7.025 0.5 0 1003049472 388,000.00 6.99 6.99 0.5 0 1003049597 272,000.00 6.3 6.3 0.5 0 1003049819 192,000.00 7.075 7.075 0.5 0 1003049944 220,000.00 5.4 5.4 0.5 0 1003049962 148,989.10 6.688 6.688 0.5 0 1003050405 252,000.00 6.8 6.8 0.5 0 1003050450 387,999.99 6.625 6.625 0.5 0 0000000000 366,400.00 5.75 5.75 0.5 0 1003048865 235,999.33 5.99 5.99 0.5 0 1003048918 332,000.00 7.825 7.825 0.5 0 1003049052 307,999.99 6.125 6.125 0.5 0 1003049196 207,988.79 6.45 6.45 0.5 0 1003049267 292,000.00 5.385 5.385 0.5 0 0000000000 259,200.00 5.625 5.625 0.5 0 1003049356 220,499.99 5.75 5.75 0.5 0 0000000000 99,999.99 6.925 6.925 0.5 0 1003050726 164,800.00 6.5 6.5 0.5 0 1003050995 315,000.00 6.5 6.5 0.5 0 1003051011 172,000.00 6.8 6.8 0.5 0 1003051583 476,000.00 6.25 6.25 0.5 0 0000000000 460,800.00 8.675 8.675 0.5 0 1003053563 296,000.00 6.4 6.4 0.5 0 1003053634 556,750.00 6.1 6.1 0.5 0 1003053796 307,920.00 6.725 6.725 0.5 0 1003054063 210,400.00 7.475 7.475 0.5 0 0000000000 172,800.00 6.6 6.6 0.5 0 0000000000 240,000.00 6.65 6.65 0.5 0 1003054250 159,199.97 6.875 6.875 0.5 0 1003054367 377,900.00 6.25 6.25 0.5 0 1003051752 228,000.00 6.875 6.875 0.5 0 1003051912 238,000.00 6.15 6.15 0.5 0 1003052733 187,599.99 5.825 5.825 0.5 0 1003052797 187,147.68 7.425 7.425 0.5 0 1003053260 475,900.00 6.25 6.25 0.5 0 1003053279 238,500.00 6.5 6.5 0.5 0 1003053368 166,349.32 7.175 7.175 0.5 0 1003054474 151,999.98 7.025 7.025 0.5 0 1003054606 484,000.00 6.29 6.29 0.5 0 1003054633 189,000.00 6.6 6.6 0.5 0 1003054660 123,989.39 7.525 7.525 0.5 0 1003054731 175,999.99 6.2 6.2 0.5 0 1003054740 167,075.20 8.15 8.15 0.5 0 1003054919 191,919.99 7.3 7.3 0.5 0 1003054955 268,000.00 5.6 5.6 0.5 0 1003056472 112,000.00 6.425 6.425 0.5 0 1003056542 277,014.99 6.8 6.8 0.5 0 1003056739 150,800.00 7.475 7.475 0.5 0 0000000000 111,600.00 8.8 8.8 0.5 0 1003056971 275,199.99 7.075 7.075 0.5 0 1003057211 240,000.00 6.45 6.45 0.5 0 1003057300 312,000.00 5.975 5.975 0.5 0 1003057444 315,000.00 7.05 7.05 0.5 0 1002742214 232,500.00 7.1 7.1 0.5 0 0000000000 247,500.00 7.1 7.1 0.5 0 1002742492 499,900.00 7.05 7.05 0.5 0 1002742544 138,400.00 8.225 8.225 0.5 0 1002742642 396,000.00 6 6 0.5 0 0000000000 172,751.85 6.65 6.65 0.5 0 1002743302 409,600.00 6 6 0.5 0 1002744935 543,999.98 5.65 5.65 0.5 0 1002745550 180,000.00 5.99 5.99 0.5 0 1002745809 329,600.00 5.775 5.775 0.5 0 0000000000 384,000.00 6.575 6.575 0.5 0 1002746014 288,000.00 6.55 6.55 0.5 0 1002746210 400,750.00 7 7 0.5 0 1002747166 159,999.99 6.7 6.7 0.5 0 1002743384 221,600.00 6.375 6.375 0.5 0 1002743696 135,200.00 6.625 6.625 0.5 0 1002743776 294,399.66 6.5 6.5 0.5 0 1002743892 333,000.00 6.1 6.1 0.5 0 0000000000 405,000.00 6.35 6.35 0.5 0 1002744579 439,200.00 6.99 6.99 0.5 0 1002744622 467,473.80 5.75 5.75 0.5 0 1002744739 320,000.00 6.525 6.525 0.5 0 0000000000 369,868.06 5.74 5.74 0.5 0 1002749271 581,600.00 5.25 5.25 0.5 0 1002749440 168,800.00 6.35 6.35 0.5 0 1002749547 467,040.00 7 7 0.5 0 1002749869 320,000.00 6.25 6.25 0.5 0 1002750918 388,000.00 6.99 6.99 0.5 0 1002751472 442,630.00 6.5 6.5 0.5 0 1002747674 109,798.58 5.99 5.99 0.5 0 1002747683 163,200.00 6.225 6.225 0.5 0 1002748012 230,400.00 6.75 6.75 0.5 0 1002748094 520,000.00 6.375 6.375 0.5 0 1002748129 255,985.62 6.25 6.25 0.5 0 1002748138 113,520.00 7.025 7.025 0.5 0 1002748165 98,400.00 6.2 6.2 0.5 0 1002748405 75,500.00 7.45 7.45 0.5 0 1002752747 192,000.00 7.325 7.325 0.5 0 1002752881 271,200.00 6.25 6.25 0.5 0 1002752998 366,678.44 6 6 0.5 0 0000000000 340,800.00 7.45 7.45 0.5 0 1002753130 216,000.00 7.575 7.575 0.5 0 1002753229 175,999.98 6.65 6.65 0.5 0 1002753504 285,999.99 5.95 5.95 0.5 0 1002753522 233,200.00 5.75 5.75 0.5 0 1002751668 106,993.07 5.59 5.59 0.5 0 1002751855 250,000.00 6.5 6.5 0.5 0 1002751953 451,999.97 5.525 5.525 0.5 0 1002752426 403,200.00 5.625 5.625 0.5 0 1002752569 238,134.54 6.15 6.15 0.5 0 0000000000 248,000.00 8.25 8.25 0.5 0 0000000000 276,800.00 7.525 7.525 0.5 0 1002752738 283,920.00 6.325 6.325 0.5 0 1002755646 192,000.00 6.725 6.725 0.5 0 1002755799 179,199.94 6.775 6.775 0.5 0 1002756985 151,999.10 6 6 0.5 0 1002757010 185,000.00 8.1 8.1 0.5 0 1002757181 314,400.00 6.325 6.325 0.5 0 1002757190 156,000.00 6.25 6.25 0.5 0 1002757314 308,000.00 6.1 6.1 0.5 0 1002753559 100,750.00 7.55 7.55 0.5 0 1002753648 327,999.98 5.5 5.5 0.5 0 1002753666 150,800.00 7.575 7.575 0.5 0 1002753791 192,000.00 6.525 6.525 0.5 0 1002753988 331,760.00 6.525 6.525 0.5 0 1002755487 190,351.17 6.625 6.625 0.5 0 1002760505 318,400.00 7.08 7.08 0.5 0 1002760532 338,400.00 6.5 6.5 0.5 0 0000000000 90,720.00 6.125 6.125 0.5 0 1002760747 224,391.00 8.45 8.45 0.5 0 1002760872 234,999.98 5.8 5.8 0.5 0 1002760998 220,500.00 6.7 6.7 0.5 0 1002761087 127,500.00 6.6 6.6 0.5 0 1002757591 263,250.00 5.3 5.3 0.5 0 1002758475 300,000.00 6.275 6.275 0.5 0 1002758563 295,999.98 6.575 6.575 0.5 0 1002758992 327,743.00 8.225 8.225 0.5 0 0000000000 219,999.98 9.025 9.025 0.5 0 1002759866 180,000.00 6.99 6.99 0.5 0 1002760015 324,000.00 6.925 6.925 0.5 0 1002760177 508,500.00 7.7 7.7 0.5 0 1002762362 206,400.00 6.85 6.85 0.5 0 1002762488 312,000.00 6.4 6.4 0.5 0 1002762503 236,000.00 5.85 5.85 0.5 0 1002762852 224,995.98 5.5 5.5 0.5 0 1002763227 231,999.99 7.375 7.375 0.5 0 1002763325 120,000.00 6.425 6.425 0.5 0 1002763780 475,000.00 5.95 5.95 0.5 0 1002763860 333,000.00 7.3 7.3 0.5 0 1002761274 142,020.00 6.99 6.99 0.5 0 1002761327 207,880.00 6.37 6.37 0.5 0 1002761345 101,191.98 5.725 5.725 0.5 0 1002761513 240,000.00 5.75 5.75 0.5 0 1002761871 259,920.00 5.85 5.85 0.5 0 1002762022 303,300.00 6.75 6.75 0.5 0 1002762095 260,999.99 5.975 5.975 0.5 0 1002762317 396,000.00 6.275 6.275 0.5 0 1002766938 99,000.00 7.738 7.738 0.5 0 1002767152 221,000.00 5.99 5.99 0.5 0 1002767429 107,200.00 7.025 7.025 0.5 0 1002767679 204,000.00 6.25 6.25 0.5 0 1002767713 279,999.98 7.45 7.45 0.5 0 1002768062 395,160.66 5.4 5.4 0.5 0 1002768231 450,499.98 5.925 5.925 0.5 0 1002768320 229,600.00 7.775 7.775 0.5 0 1002763879 134,038.98 7.34 7.34 0.5 0 0000000000 413,100.00 9.075 9.075 0.5 0 1002764583 328,000.00 7.25 7.25 0.5 0 0000000000 351,999.98 5.62 5.62 0.5 0 1002765092 204,000.00 5.975 5.975 0.5 0 1002766377 106,200.00 7.75 7.75 0.5 0 0000000000 335,000.00 6.6 6.6 0.5 0 1002766741 351,998.31 6.25 6.25 0.5 0 1002769294 420,000.00 6.038 6.038 0.5 0 0000000000 431,139.82 6.875 6.875 0.5 0 1002769766 157,499.98 6.25 6.25 0.5 0 1002769800 408,000.00 6.65 6.65 0.5 0 1002769873 243,999.98 5.65 5.65 0.5 0 1002769882 143,919.98 6.275 6.275 0.5 0 1002770077 458,400.00 6.65 6.65 0.5 0 0000000000 188,700.00 6.35 6.35 0.5 0 1002768393 132,000.00 7.3 7.3 0.5 0 1002768669 225,000.00 7.7 7.7 0.5 0 1002768767 452,928.41 6.5 6.5 0.5 0 1002768776 174,799.98 6.5 6.5 0.5 0 1002768874 424,999.98 5.9 5.9 0.5 0 1002769007 177,000.00 5.35 5.35 0.5 0 1002769114 235,999.99 8.375 8.375 0.5 0 1002769169 184,996.25 6.15 6.15 0.5 0 1002770326 139,999.98 6.5 6.5 0.5 0 1002770433 215,997.99 6.1 6.1 0.5 0 1002770665 439,960.00 6.99 6.99 0.5 0 1002770718 472,000.00 6.75 6.75 0.5 0 1002770763 459,000.00 7.35 7.35 0.5 0 1002770978 159,999.98 6.025 6.025 0.5 0 1002771209 395,991.98 7.275 7.275 0.5 0 1002771245 408,000.00 6.4 6.4 0.5 0 1002775492 111,999.90 6.9 6.9 0.5 0 1002775688 180,384.00 6.38 6.38 0.5 0 1002775973 163,999.98 6.425 6.425 0.5 0 1002776115 227,999.80 6.6 6.6 0.5 0 1002776277 295,200.00 6.25 6.25 0.5 0 0000000000 132,000.00 6.5 6.5 0.5 0 1002776776 191,250.00 6.85 6.85 0.5 0 1002777365 161,600.00 6.99 6.99 0.5 0 1002771691 262,400.00 6.25 6.25 0.5 0 1002771959 364,000.00 6.45 6.45 0.5 0 1002772057 315,999.98 7 7 0.5 0 1002772887 291,920.00 6.125 6.125 0.5 0 1002773001 204,000.00 5.95 5.95 0.5 0 1002773127 147,955.75 6.625 6.625 0.5 0 1002785855 310,999.98 6.8 6.8 0.5 0 1002786499 137,600.00 7.075 7.075 0.5 0 1002786836 199,999.67 7.75 7.75 0.5 0 1002787112 245,599.98 5.75 5.75 0.5 0 1002787292 314,999.57 7.2 7.2 0.5 0 1002787693 121,600.00 6.75 6.75 0.5 0 1002787924 246,000.00 7.75 7.75 0.5 0 1002784160 319,199.60 7.1 7.1 0.5 0 1002784437 271,829.47 7.5 7.5 0.5 0 1002784810 375,999.97 6.25 6.25 0.5 0 0000000000 132,800.00 6.225 6.225 0.5 0 1002785597 264,000.00 6.425 6.425 0.5 0 1002785686 177,559.00 6.063 6.063 0.5 0 1002792712 209,249.99 6.75 6.75 0.5 0 0000000000 199,999.98 6.5 6.5 0.5 0 1002792865 195,300.00 6.99 6.99 0.5 0 1002793098 250,000.00 7.25 7.25 0.5 0 1002793141 317,000.00 5.5 5.5 0.5 0 1002793258 306,000.00 6.9 6.9 0.5 0 1002793276 243,199.54 6.875 6.875 0.5 0 1002787960 133,600.00 5.85 5.85 0.5 0 1002788567 247,999.97 6.5 6.5 0.5 0 1002788638 413,725.38 5.4 5.4 0.5 0 1002788674 204,000.00 7.825 7.825 0.5 0 1002788763 192,000.00 6.75 6.75 0.5 0 1002789334 303,840.00 6.3 6.3 0.5 0 1002789959 301,499.99 5.25 5.25 0.5 0 1003055044 273,991.11 6.45 6.45 0.5 0 0000000000 217,895.99 7.875 7.875 0.5 0 1003055071 118,399.99 6.125 6.125 0.5 0 1003055160 380,700.00 7.4 7.4 0.5 0 1003055357 159,000.00 6.8 6.8 0.5 0 1003055543 345,400.00 6.25 6.25 0.5 0 1003055712 319,840.30 5.95 5.95 0.5 0 1003055758 233,999.37 7.125 7.125 0.5 0 1002796861 119,040.00 6.125 6.125 0.5 0 1002796923 324,000.00 5.675 5.675 0.5 0 1002797129 151,200.00 6.925 6.925 0.5 0 1002797370 468,000.00 7.475 7.475 0.5 0 1002797423 283,986.52 8 8 0.5 0 1002797575 147,920.00 6.825 6.825 0.5 0 1002797628 83,519.97 6.863 6.863 0.5 0 1003059059 424,000.00 7.413 7.413 0.5 0 1003059237 103,960.00 6.025 6.025 0.5 0 1003059291 157,500.00 6.3 6.3 0.5 0 0000000000 388,000.00 7.025 7.025 0.5 0 1003059629 80,000.00 6.675 6.675 0.5 0 1003059870 168,000.00 7.025 7.025 0.5 0 1003059905 307,999.99 6.2 6.2 0.5 0 1003060038 155,499.99 6.95 6.95 0.5 0 1003057612 108,000.00 6.95 6.95 0.5 0 1003058112 429,249.98 6.375 6.375 0.5 0 0000000000 153,750.00 7 7 0.5 0 1003058657 284,000.00 6.375 6.375 0.5 0 0000000000 122,776.00 7.075 7.075 0.5 0 1003058844 324,000.00 6.3 6.3 0.5 0 1003061386 280,000.00 6.5 6.5 0.5 0 1003061616 280,000.00 6.675 6.675 0.5 0 1003061643 171,000.00 7.95 7.95 0.5 0 1003061661 250,342.88 5.475 5.475 0.5 0 1003061956 494,400.00 5.88 5.88 0.5 0 1003062018 292,000.00 6.45 6.45 0.5 0 0000000000 85,600.00 6.6 6.6 0.5 0 0000000000 80,999.98 7.875 7.875 0.5 0 1003060626 276,799.98 5.99 5.99 0.5 0 1003060662 327,999.99 5.875 5.875 0.5 0 1003060699 272,000.00 6.375 6.375 0.5 0 1003060788 154,195.00 6.525 6.525 0.5 0 1003060813 231,919.99 6.475 6.475 0.5 0 1003060877 276,000.00 7.25 7.25 0.5 0 1003062857 468,000.00 6.375 6.375 0.5 0 1003062900 251,846.00 5.75 5.75 0.5 0 1003063213 264,000.00 6.999 6.999 0.5 0 1003063366 240,000.00 6.2 6.2 0.5 0 1003063838 259,856.47 7.6 7.6 0.5 0 1003064025 423,000.00 6.25 6.25 0.5 0 0000000000 222,399.98 6.4 6.4 0.5 0 1003064132 258,000.00 6.4 6.4 0.5 0 1003062250 299,200.00 6.5 6.5 0.5 0 1003062269 288,000.00 7.05 7.05 0.5 0 1003062287 169,999.99 6.8 6.8 0.5 0 1003062401 350,400.00 6.8 6.8 0.5 0 1003062679 400,500.00 6.05 6.05 0.5 0 1003062722 220,000.00 6.9 6.9 0.5 0 1003062786 293,250.00 6.15 6.15 0.5 0 1003062839 116,450.00 6.7 6.7 0.5 0 1003065603 124,000.00 6.99 6.99 0.5 0 1003065612 480,109.00 6.35 6.35 0.5 0 1003066407 366,400.00 6.8 6.8 0.5 0 1003066434 485,000.00 5.75 5.75 0.5 0 1003066443 147,999.99 7.99 7.99 0.5 0 1003066489 467,099.99 7.675 7.675 0.5 0 1003066602 280,000.00 7.163 7.163 0.5 0 1003066728 100,000.00 8 8 0.5 0 1003064178 319,200.00 6.775 6.775 0.5 0 1003064837 448,000.00 6.2 6.2 0.5 0 1003064846 424,999.99 5.6 5.6 0.5 0 0000000000 184,000.00 6.525 6.525 0.5 0 1003065382 573,749.99 5.925 5.925 0.5 0 1003065391 588,000.00 6.125 6.125 0.5 0 1003065408 177,212.00 5.575 5.575 0.5 0 1003068049 204,000.00 6.725 6.725 0.5 0 1003068067 216,900.00 7.5 7.5 0.5 0 1003068325 200,171.99 6.125 6.125 0.5 0 1003068575 398,799.99 7.025 7.025 0.5 0 1003068655 360,000.00 7.15 7.15 0.5 0 1003068824 327,999.99 6.4 6.4 0.5 0 1003068833 440,000.00 6.375 6.375 0.5 0 1003067077 327,999.33 7.45 7.45 0.5 0 0000000000 376,000.00 6.65 6.65 0.5 0 1003067479 389,000.00 5.5 5.5 0.5 0 1003067629 243,999.65 6.99 6.99 0.5 0 1003067647 217,600.00 6.75 6.75 0.5 0 1003067674 120,000.00 5.625 5.625 0.5 0 1003067736 107,599.99 6.65 6.65 0.5 0 1003070410 320,000.00 6.625 6.625 0.5 0 1003070599 462,399.89 6.875 6.875 0.5 0 1003070768 264,000.00 6.575 6.575 0.5 0 1003071320 182,400.00 7.55 7.55 0.5 0 1003071348 280,000.00 6.35 6.35 0.5 0 1003071437 464,000.00 5.875 5.875 0.5 0 1003071650 188,798.94 7.2 7.2 0.5 0 0000000000 420,000.00 5.99 5.99 0.5 0 1003069093 120,000.00 7.725 7.725 0.5 0 1003069119 311,611.99 7.325 7.325 0.5 0 1003069262 323,849.51 7.95 7.95 0.5 0 1003069333 233,600.00 6.625 6.625 0.5 0 1003069805 333,000.00 5.85 5.85 0.5 0 1003069958 343,999.99 6.5 6.5 0.5 0 1003070358 81,900.00 8.7 8.7 0.5 0 0000000000 146,699.99 6.85 6.85 0.5 0 1003072846 190,400.00 5.625 5.625 0.5 0 1003073122 475,999.99 6.875 6.875 0.5 0 1003073300 219,999.98 6.1 6.1 0.5 0 1003073391 174,400.00 7.175 7.175 0.5 0 1003073569 269,747.95 5.5 5.5 0.5 0 1003073738 615,200.00 5.475 5.475 0.5 0 1003073854 480,000.00 6.25 6.25 0.5 0 1003071678 412,000.00 6.725 6.725 0.5 0 1003071794 231,000.00 6.25 6.25 0.5 0 1003072052 215,600.00 6.825 6.825 0.5 0 1003072178 487,200.00 5.875 5.875 0.5 0 1003072258 267,999.25 6.525 6.525 0.5 0 1003072436 115,600.00 6.775 6.775 0.5 0 1003072579 290,000.00 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6.725 0.5 0 1003076254 444,000.00 6.5 6.5 0.5 0 0000000000 176,000.00 7.5 7.5 0.5 0 1003076441 580,000.00 7.475 7.475 0.5 0 1003076496 207,919.99 6.325 6.325 0.5 0 1003076539 234,899.50 6 6 0.5 0 1003076646 276,800.00 6.975 6.975 0.5 0 1003080711 256,000.00 5.85 5.85 0.5 0 1003080720 240,000.00 7.275 7.275 0.5 0 1003081060 225,600.00 7.875 7.875 0.5 0 1003081079 157,599.98 6.85 6.85 0.5 0 1003081211 127,920.00 6.375 6.375 0.5 0 1003081220 240,000.00 6.45 6.45 0.5 0 1003081685 343,900.00 6.9 6.9 0.5 0 1003079224 231,920.00 6.663 6.663 0.5 0 1003079643 155,998.28 6.65 6.65 0.5 0 1003080105 385,607.99 7.675 7.675 0.5 0 1003080150 567,200.00 5.35 5.35 0.5 0 1003080301 313,600.00 5.975 5.975 0.5 0 1003080445 194,350.00 8.025 8.025 0.5 0 1003080597 399,999.99 6.7 6.7 0.5 0 1003084352 180,000.00 7.6 7.6 0.5 0 1003084389 296,000.00 5.35 5.35 0.5 0 1003084405 144,800.00 6.475 6.475 0.5 0 1003084469 183,000.00 6.99 6.99 0.5 0 1003084664 468,000.00 6.875 6.875 0.5 0 1003084851 483,999.99 6.25 6.25 0.5 0 1003084977 218,400.00 5.99 5.99 0.5 0 1003085155 385,000.00 5.25 5.25 0.5 0 1003082130 419,200.00 6.375 6.375 0.5 0 0000000000 320,000.00 6.525 6.525 0.5 0 1003082522 280,000.00 6.8 6.8 0.5 0 1003082700 189,000.00 6.49 6.49 0.5 0 1003082960 247,425.23 7.25 7.25 0.5 0 1003083040 442,250.00 6.2 6.2 0.5 0 1003083308 489,600.00 5.6 5.6 0.5 0 1003083549 316,000.00 8.175 8.175 0.5 0 1003085182 109,999.99 6.8 6.8 0.5 0 1003085547 229,999.99 6.65 6.65 0.5 0 1003085690 304,000.00 6.4 6.4 0.5 0 1003086305 292,000.00 6.9 6.9 0.5 0 1003086314 154,398.57 6.2 6.2 0.5 0 1003086608 220,000.00 5.75 5.75 0.5 0 1003086671 308,000.00 6.55 6.55 0.5 0 1003086680 150,000.00 7.1 7.1 0.5 0 0000000000 289,599.99 6.488 6.488 0.5 0 1003088198 501,599.75 6.375 6.375 0.5 0 1003088465 256,500.00 7.575 7.575 0.5 0 1003088526 104,000.00 5.5 5.5 0.5 0 1003088786 344,799.99 7.99 7.99 0.5 0 1003088937 130,398.13 6.99 6.99 0.5 0 1003088955 473,446.08 7.75 7.75 0.5 0 1003089026 529,599.99 6.625 6.625 0.5 0 1003086733 332,000.00 6.45 6.45 0.5 0 1003087064 114,300.00 6.775 6.775 0.5 0 1003087108 355,000.00 5.95 5.95 0.5 0 1003087224 276,799.99 5.99 5.99 0.5 0 0000000000 380,000.00 5.4 5.4 0.5 0 1003087527 156,000.00 6.99 6.99 0.5 0 1003087803 135,000.00 5.9 5.9 0.5 0 1003087894 126,399.99 6.25 6.25 0.5 0 1003096731 153,200.00 6.75 6.75 0.5 0 1003096740 447,000.00 6.35 6.35 0.5 0 1003096795 185,000.00 5.795 5.795 0.5 0 1003096857 231,000.00 5.25 5.25 0.5 0 1003096866 494,999.99 6.325 6.325 0.5 0 1003096982 325,000.00 6.99 6.99 0.5 0 1003097222 453,000.00 7.2 7.2 0.5 0 1003097295 380,000.00 6.9 6.9 0.5 0 1003089035 195,999.99 6.25 6.25 0.5 0 1003089222 400,000.00 6.6 6.6 0.5 0 1003089302 390,000.00 7.99 7.99 0.5 0 1003089507 468,517.97 7.4 7.4 0.5 0 1003089712 395,200.00 6.725 6.725 0.5 0 1003089730 276,249.98 7.6 7.6 0.5 0 1003089767 279,919.99 6.625 6.625 0.5 0 1003089794 434,999.99 7.125 7.125 0.5 0 1002699182 400,000.00 7.325 7.325 0.5 0 1002699351 412,739.20 7.15 7.15 0.5 0 1002699672 250,399.98 6.8 6.8 0.5 0 1002699725 396,000.00 6.775 6.775 0.5 0 1002699789 215,999.50 6.975 6.975 0.5 0 1002699949 276,000.00 6.55 6.55 0.5 0 1002700517 185,600.00 7.225 7.225 0.5 0 1002700713 273,532.41 5.9 5.9 0.5 0 1002474174 320,999.42 6.975 6.975 0.5 0 1002474441 213,201.92 8.35 8.35 0.5 0 0000000000 633,510.00 6.99 6.99 0.5 0 1002481371 287,914.68 8.1 8.1 0.5 0 0000000000 103,999.57 7.25 7.25 0.5 0 1002486731 182,000.00 7.5 7.5 0.5 0 1002493484 204,467.50 6.575 6.575 0.5 0 1002497907 369,600.00 6.25 6.25 0.5 0 1002795489 168,000.00 6.825 6.825 0.5 0 1002795808 111,199.98 7.775 7.775 0.5 0 1002795951 223,999.99 6.5 6.5 0.5 0 1002796362 336,000.00 6.55 6.55 0.5 0 1002796399 311,199.75 6.225 6.225 0.5 0 1002796433 387,999.99 6.1 6.1 0.5 0 1002796521 244,000.00 5.9 5.9 0.5 0 1002796530 364,000.00 6.65 6.65 0.5 0 1002739077 270,000.00 5.99 5.99 0.5 0 1002739139 295,200.00 5.99 5.99 0.5 0 1002739291 87,920.00 7.275 7.275 0.5 0 1002739317 360,000.00 7.125 7.125 0.5 0 1002739399 279,999.20 5.7 5.7 0.5 0 1002739530 488,800.00 6.225 6.225 0.5 0 1002739861 599,200.00 6.375 6.375 0.5 0 0000000000 136,000.00 6.99 6.99 0.5 0 1002982552 147,999.49 6.5 6.5 0.5 0 1002982598 187,996.57 6.6 6.6 0.5 0 1002982721 214,273.91 5.8 5.8 0.5 0 1002982749 376,013.89 5.975 5.975 0.5 0 1002982838 253,200.00 6.225 6.225 0.5 0 1002982927 456,000.00 6.49 6.49 0.5 0 1002983178 251,158.36 6.95 6.95 0.5 0 1002853861 431,919.97 6.25 6.25 0.5 0 1002854138 444,000.00 6.35 6.35 0.5 0 1002854165 96,000.00 6.6 6.6 0.5 0 1002854307 255,999.97 5.8 5.8 0.5 0 1002854441 452,000.00 6.7 6.7 0.5 0 1002854469 126,400.00 7.125 7.125 0.5 0 1002854600 189,600.00 6.225 6.225 0.5 0 1002854619 408,000.00 6.25 6.25 0.5 0 1003089838 204,000.00 8.125 8.125 0.5 0 1003089892 223,920.00 5.725 5.725 0.5 0 1003090103 168,719.99 6.388 6.388 0.5 0 1003090130 440,000.00 6.1 6.1 0.5 0 0000000000 171,180.00 5.675 5.675 0.5 0 1003090693 243,999.99 7.375 7.375 0.5 0 1003090773 228,800.00 6.1 6.1 0.5 0 1003090988 528,500.00 6.5 6.5 0.5 0 1003083772 230,000.00 6.275 6.275 0.5 0 1003083861 243,780.00 7.05 7.05 0.5 0 1003083898 238,499.99 6.75 6.75 0.5 0 1003083950 458,000.00 6.575 6.575 0.5 0 1003084012 115,920.00 7.175 7.175 0.5 0 1003084325 206,400.00 6.75 6.75 0.5 0 1003084334 168,000.00 6.45 6.45 0.5 0 1003084343 126,400.00 6.525 6.525 0.5 0 1003091148 218,250.00 6.25 6.25 0.5 0 1003091291 330,645.39 6.75 6.75 0.5 0 1003091503 172,000.00 5.99 5.99 0.5 0 1003092076 175,500.00 7.7 7.7 0.5 0 1003092094 127,200.00 6.975 6.975 0.5 0 1003092575 300,000.00 7.365 7.365 0.5 0 1003093896 253,300.00 5.4 5.4 0.5 0 1003094065 231,600.00 6.625 6.625 0.5 0 1003094172 100,000.00 6.05 6.05 0.5 0 1003094298 340,000.00 6.65 6.65 0.5 0 0000000000 276,000.00 6.4 6.4 0.5 0 1003094733 145,600.00 7.125 7.125 0.5 0 1003094840 281,591.99 6.625 6.625 0.5 0 1003093119 179,920.00 7.125 7.125 0.5 0 1003093146 185,824.98 7.33 7.33 0.5 0 1003093217 311,950.00 6.25 6.25 0.5 0 1003093342 348,800.00 7.45 7.45 0.5 0 1003093459 212,000.00 6.625 6.625 0.5 0 1003093486 456,000.00 6.7 6.7 0.5 0 1003093510 317,600.00 7.6 7.6 0.5 0 1003093734 244,000.00 6.725 6.725 0.5 0 1003097543 424,000.00 6.675 6.675 0.5 0 0000000000 270,000.00 7.2 7.2 0.5 0 1003097669 239,920.00 6.95 6.95 0.5 0 1003097687 196,800.00 6.4 6.4 0.5 0 1003097703 322,399.00 6.875 6.875 0.5 0 1003097749 388,000.00 6.275 6.275 0.5 0 1003098098 242,000.00 7.6 7.6 0.5 0 0000000000 283,000.00 6.2 6.2 0.5 0 1003094859 270,000.00 6.45 6.45 0.5 0 1003095689 207,199.98 6.125 6.125 0.5 0 1003095741 308,000.00 6.4 6.4 0.5 0 1003096036 174,749.99 6.45 6.45 0.5 0 1003096189 179,186.03 6.6 6.6 0.5 0 1003096321 243,999.99 6.025 6.025 0.5 0 1003096722 441,000.00 7.1 7.1 0.5 0 1003100753 225,536.55 6.75 6.75 0.5 0 1003100897 155,549.39 5.975 5.975 0.5 0 1003100995 285,600.00 5.85 5.85 0.5 0 0000000000 258,320.00 7.025 7.025 0.5 0 1003101280 372,000.00 6.4 6.4 0.5 0 1003101404 183,999.99 5.875 5.875 0.5 0 1003101468 113,597.35 6.3 6.3 0.5 0 1003098329 105,520.00 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327,999.98 7.825 7.825 0.5 0 1003104189 424,000.00 6.5 6.5 0.5 0 1003104278 573,750.00 7.275 7.275 0.5 0 1003104296 303,991.98 7.675 7.675 0.5 0 1003104465 203,399.99 6.175 6.175 0.5 0 1003104526 283,934.25 5.625 5.625 0.5 0 1003132149 310,000.00 5.99 5.99 0.5 0 1003132265 211,999.99 6.2 6.2 0.5 0 1003132666 127,200.00 6.575 6.575 0.5 0 0000000000 439,200.00 6.85 6.85 0.5 0 1003133237 346,125.00 6.4 6.4 0.5 0 1003133308 368,000.00 6.775 6.775 0.5 0 0000000000 310,000.00 6.15 6.15 0.5 0 1003133530 348,000.00 6.86 6.86 0.5 0 1003130757 384,999.83 5.8 5.8 0.5 0 1003130926 240,000.00 5.25 5.25 0.5 0 1003130971 365,341.27 6.8 6.8 0.5 0 1003131337 94,320.00 6.725 6.725 0.5 0 1003131667 240,000.00 7.75 7.75 0.5 0 1003131765 210,999.98 5.99 5.99 0.5 0 1003132112 400,000.00 6.99 6.99 0.5 0 1003132130 362,950.00 6.963 6.963 0.5 0 1003134227 358,699.08 5.85 5.85 0.5 0 1003134245 324,000.00 8.45 8.45 0.5 0 1003134414 326,000.00 6.375 6.375 0.5 0 1003134450 359,121.43 5.25 5.25 0.5 0 1003134557 277,000.00 5.95 5.95 0.5 0 1003134860 144,000.00 7.35 7.35 0.5 0 1003133898 439,999.99 5.75 5.75 0.5 0 0000000000 348,000.00 5.25 5.25 0.5 0 1003133978 163,920.00 6.563 6.563 0.5 0 1003134049 318,000.00 6.99 6.99 0.5 0 1003134067 74,699.45 6.625 6.625 0.5 0 1003134085 415,999.99 5.75 5.75 0.5 0 1003134094 248,000.00 6.475 6.475 0.5 0 1003134101 203,000.00 6.4 6.4 0.5 0 1003136859 273,000.00 7.45 7.45 0.5 0 1003136877 360,000.00 5.575 5.575 0.5 0 1003136895 118,499.98 6.95 6.95 0.5 0 0000000000 159,999.98 6.625 6.625 0.5 0 1003137322 288,000.00 7.225 7.225 0.5 0 1003137974 408,000.00 5.875 5.875 0.5 0 1003138018 115,999.98 6.875 6.875 0.5 0 1003138474 156,000.00 7.875 7.875 0.5 0 1003135306 232,000.00 6.875 6.875 0.5 0 0000000000 189,000.00 6.8 6.8 0.5 0 1003136109 375,920.00 6.675 6.675 0.5 0 1003136225 182,880.00 6.775 6.775 0.5 0 1003136591 159,919.98 6.475 6.475 0.5 0 1003136671 267,300.00 7.25 7.25 0.5 0 1003141601 152,800.00 6.3 6.3 0.5 0 1003141772 134,499.98 7.825 7.825 0.5 0 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1003161900 127,600.00 8.125 8.125 0.5 0 1003163052 129,198.51 7.925 7.925 0.5 0 1003163212 199,999.80 6.99 6.99 0.5 0 1003167432 168,000.00 5.8 5.8 0.5 0 1003167664 304,999.99 5.95 5.95 0.5 0 1003168324 293,500.00 6.15 6.15 0.5 0 1003168743 271,200.00 6.725 6.725 0.5 0 1003168878 301,750.00 6.525 6.525 0.5 0 1003168958 163,999.99 7.175 7.175 0.5 0 1003170133 267,999.99 6.85 6.85 0.5 0 1003170437 100,000.00 7.125 7.125 0.5 0 1003164426 243,200.00 6.948 6.948 0.5 0 1003164471 320,000.00 6.625 6.625 0.5 0 1003164710 161,067.99 7.225 7.225 0.5 0 1003164783 152,000.00 6.963 6.963 0.5 0 1003165121 214,435.21 7.25 7.25 0.5 0 1003165265 189,000.00 6.7 6.7 0.5 0 1003165292 301,749.99 7.6 7.6 0.5 0 1003165336 327,999.99 7.6 7.6 0.5 0 1003173372 132,000.00 6.15 6.15 0.5 0 1003173880 420,000.00 6.5 6.5 0.5 0 1003174460 339,999.99 6.625 6.625 0.5 0 1003174790 177,600.00 7.3 7.3 0.5 0 1003174969 174,399.99 6.55 6.55 0.5 0 1003175245 147,199.98 6.95 6.95 0.5 0 1003175833 143,199.99 6.625 6.625 0.5 0 1003175913 183,000.00 6.75 6.75 0.5 0 1003170758 336,000.00 6.525 6.525 0.5 0 1003171533 423,199.99 7.25 7.25 0.5 0 1003172658 133,600.00 7.625 7.625 0.5 0 1003172872 254,400.00 6.95 6.95 0.5 0 1003173069 208,000.00 6.825 6.825 0.5 0 1003173318 490,800.00 6.25 6.25 0.5 0 1001749068 257,420.99 6.5 6.5 0.5 0 1002527821 126,000.00 8.6 8.6 0.5 0 1002532218 271,920.00 5.725 5.725 0.5 0 0000000000 362,349.99 8.55 8.55 0.5 0 1002533280 173,000.00 6.95 6.95 0.5 0 1002535885 97,600.00 6.6 6.6 0.5 0 1002536063 347,907.08 6.375 6.375 0.5 0 1002537106 175,999.99 5.99 5.99 0.5 0 1002537473 447,999.98 5.65 5.65 0.5 0 1002326156 384,000.00 7.25 7.25 0.5 0 0000000000 314,879.15 6.95 6.95 0.5 0 1002328314 116,800.00 7.25 7.25 0.5 0 2170364 232,000.00 6.1 6.1 0.5 0 2170456 214,435.00 5.625 5.625 0.5 0 2200949 297,500.00 6.65 6.65 0.5 0 2194061 175,500.00 5.75 5.75 0.5 0 1001984295 229,600.00 7.5 7.5 0.5 0 1002501046 241,499.99 6.05 6.05 0.5 0 0000000000 125,599.99 6.5 6.5 0.5 0 1002505382 140,000.00 7.05 7.05 0.5 0 1002506014 144,000.00 6.5 6.5 0.5 0 1002507656 267,750.00 6.1 6.1 0.5 0 0000000000 172,000.00 8.025 8.025 0.5 0 1002517869 287,920.00 6.875 6.875 0.5 0 1002517976 452,000.00 6.75 6.75 0.5 0 1002251468 119,965.00 6.25 6.25 0.5 0 1002254241 229,600.00 8.75 8.75 0.5 0 1002257649 228,000.00 7.5 7.5 0.5 0 1002649334 291,999.98 6.475 6.475 0.5 0 1002652533 179,200.00 6.9 6.9 0.5 0 1002652686 315,000.00 8.275 8.275 0.5 0 0000000000 156,880.00 7.875 7.875 0.5 0 1002652944 93,600.00 7.325 7.325 0.5 0 1002653738 231,199.98 6.8 6.8 0.5 0 1002654407 117,000.00 6.625 6.625 0.5 0 1002519206 132,000.00 6.725 6.725 0.5 0 1002519313 218,399.37 7.7 7.7 0.5 0 1002519484 408,000.00 6 6 0.5 0 1002519947 300,000.00 5.99 5.99 0.5 0 0000000000 170,967.55 7.5 7.5 0.5 0 1002523825 218,798.10 6.9 6.9 0.5 0 1002523852 199,999.98 5.75 5.75 0.5 0 1002527135 208,800.00 7.99 7.99 0.5 0 2156665 216,699.43 5.6 5.6 0.5 0 2196280 191,100.00 6.05 6.05 0.5 0 2196560 162,000.00 5.6 5.6 0.5 0 2197224 295,800.00 6.85 6.85 0.5 0 2172836 160,000.00 5.25 5.25 0.5 0 2197942 244,000.00 5.3 5.3 0.5 0 2198249 84,000.00 6.125 6.125 0.5 0 1002464531 164,095.97 7.1 7.1 0.5 0 1002465362 164,259.00 7.05 7.05 0.5 0 1002469242 336,000.00 5.25 5.25 0.5 0 1002469448 372,000.00 6.95 6.95 0.5 0 1002469901 340,000.00 5.99 5.99 0.5 0 1002471239 146,300.00 6.65 6.65 0.5 0 1002472666 153,000.00 6.35 6.35 0.5 0 1000692815 200,270.00 6.65 6.65 0.5 0 1002701384 355,999.99 6.875 6.875 0.5 0 1002701632 118,400.00 6.85 6.85 0.5 0 1002701892 157,500.00 6.15 6.15 0.5 0 1002702249 144,000.00 7.275 7.275 0.5 0 1002702891 473,600.00 6.25 6.25 0.5 0 1002703630 377,100.00 7.625 7.625 0.5 0 0000000000 96,000.00 6.5 6.5 0.5 0 1002704390 432,000.00 8.075 8.075 0.5 0 2171459 357,895.68 5.75 5.75 0.5 0 2172070 193,800.00 7.05 7.05 0.5 0 2172318 220,500.00 5.5 5.5 0.5 0 2172372 202,300.00 7 7 0.5 0 2172556 211,997.49 6.85 6.85 0.5 0 2172782 190,000.00 5.8 5.8 0.5 0 2202010 105,000.00 5.625 5.625 0.5 0 2189663 412,999.99 5.25 5.25 0.5 0 2189868 198,000.00 7.675 7.675 0.5 0 1002443706 202,499.99 6.95 6.95 0.5 0 1002444322 419,992.90 6.5 6.5 0.5 0 1002447212 226,884.00 7.225 7.225 0.5 0 1002447668 92,800.00 7.35 7.35 0.5 0 1002449363 291,000.00 5.99 5.99 0.5 0 1002453909 246,492.00 8.175 8.175 0.5 0 1002454070 359,896.50 6.9 6.9 0.5 0 1002412384 301,999.99 6.35 6.35 0.5 0 1002413267 223,999.98 7.4 7.4 0.5 0 1002416549 206,728.09 7.25 7.25 0.5 0 1002417236 201,949.03 6.95 6.95 0.5 0 1002420446 121,480.00 7.95 7.95 0.5 0 1002422989 285,000.00 7.425 7.425 0.5 0 1002561999 216,000.00 7.35 7.35 0.5 0 1002562685 283,995.30 6.99 6.99 0.5 0 0000000000 231,748.94 7.35 7.35 0.5 0 1002563979 360,000.00 7.45 7.45 0.5 0 1002564969 280,000.00 6.65 6.65 0.5 0 1002565183 154,400.00 7.125 7.125 0.5 0 1002423826 102,000.00 8.28 8.28 0.5 0 1002425398 136,000.00 6.25 6.25 0.5 0 1002432656 226,400.00 7.3 7.3 0.5 0 1002434208 226,052.00 5.99 5.99 0.5 0 1002436901 471,200.00 5.175 5.175 0.5 0 1002437161 345,600.00 6.95 6.95 0.5 0 1002440157 399,900.00 7.375 7.375 0.5 0 1002925981 360,000.00 7.275 7.275 0.5 0 1002926187 256,400.00 6.275 6.275 0.5 0 1002926249 92,000.00 6.675 6.675 0.5 0 1002927453 110,800.00 7.125 7.125 0.5 0 0000000000 94,499.99 7.95 7.95 0.5 0 1002927809 228,649.99 7.65 7.65 0.5 0 1002928121 340,714.80 6 6 0.5 0 1002928274 369,999.98 5.5 5.5 0.5 0 0000000000 108,400.00 7.125 7.125 0.5 0 1002566128 248,000.00 6.6 6.6 0.5 0 1002571817 144,000.00 7.2 7.2 0.5 0 1002572601 113,584.07 7.6 7.6 0.5 0 1002573147 160,000.00 6.825 6.825 0.5 0 1002573673 272,000.00 5.85 5.85 0.5 0 1003037298 344,000.00 6.225 6.225 0.5 0 1003037430 375,920.00 6.9 6.9 0.5 0 1003037449 564,000.00 5.85 5.85 0.5 0 1003037537 289,520.00 6.875 6.875 0.5 0 1003037733 134,999.97 5.9 5.9 0.5 0 1003037902 99,999.98 6.325 6.325 0.5 0 1003003733 216,000.00 7.175 7.175 0.5 0 1003004073 264,000.00 6.025 6.025 0.5 0 1003004224 530,725.13 7.6 7.6 0.5 0 1003004242 143,959.80 6.7 6.7 0.5 0 1003004260 383,200.00 6.575 6.575 0.5 0 0000000000 262,399.98 5.975 5.975 0.5 0 1003004741 468,000.00 6.4 6.4 0.5 0 0000000000 280,000.00 7 7 0.5 0 1003040051 284,800.00 6.5 6.5 0.5 0 0000000000 153,000.00 6.4 6.4 0.5 0 1003040612 381,000.00 6.425 6.425 0.5 0 1003040630 139,999.99 7.925 7.925 0.5 0 1003040729 124,000.00 7.575 7.575 0.5 0 1003040872 470,975.05 6.875 6.875 0.5 0 0000000000 187,199.71 6.325 6.325 0.5 0 1002544250 363,999.99 6.55 6.55 0.5 0 1002545320 297,271.00 5.99 5.99 0.5 0 1002547998 212,000.00 6.4 6.4 0.5 0 1002548899 333,000.00 6.95 6.95 0.5 0 1002550028 336,000.00 5.3 5.3 0.5 0 1002550812 283,500.00 7.275 7.275 0.5 0 1002551081 288,000.00 7.075 7.075 0.5 0 1003007463 415,999.99 6.5 6.5 0.5 0 1003007481 216,000.00 8.275 8.275 0.5 0 1003007597 477,000.00 7.25 7.25 0.5 0 1003007604 164,000.00 6.25 6.25 0.5 0 1003007775 235,767.47 6.2 6.2 0.5 0 1003007828 364,999.99 6.5 6.5 0.5 0 1003007917 222,399.98 6.19 6.19 0.5 0 1003007999 180,000.00 7.95 7.95 0.5 0 1003008088 422,500.00 5.75 5.75 0.5 0 1003008168 224,000.00 6.1 6.1 0.5 0 1003008417 164,720.00 6.575 6.575 0.5 0 1003008621 278,700.00 6.65 6.65 0.5 0 1003008658 360,000.00 5.75 5.75 0.5 0 1003008738 300,000.00 5.75 5.75 0.5 0 1003040952 484,500.00 6.25 6.25 0.5 0 1003041247 219,991.62 6.5 6.5 0.5 0 1003041513 476,000.00 6.75 6.75 0.5 0 1003041602 104,000.00 6.813 6.813 0.5 0 1003041700 109,999.75 6.75 6.75 0.5 0 1003041899 208,000.00 7.1 7.1 0.5 0 1003042031 255,120.00 6.5 6.5 0.5 0 1003038992 422,944.13 6.65 6.65 0.5 0 0000000000 279,212.98 7.5 7.5 0.5 0 1003039214 195,000.00 7.5 7.5 0.5 0 1003039508 225,000.00 7.15 7.15 0.5 0 1003039517 360,000.00 5.75 5.75 0.5 0 1003039688 333,000.00 7.95 7.95 0.5 0 0000000000 342,000.00 6.45 6.45 0.5 0 1003042503 207,920.00 6.825 6.825 0.5 0 1003042594 348,000.00 6.75 6.75 0.5 0 1003042950 97,133.39 7.825 7.825 0.5 0 1003043058 504,000.00 6.6 6.6 0.5 0 1003043094 179,199.07 7.025 7.025 0.5 0 1003042175 423,999.99 7.375 7.375 0.5 0 1003042308 324,800.00 5.7 5.7 0.5 0 1003042317 151,200.00 6.45 6.45 0.5 0 1003042399 240,000.00 7.725 7.725 0.5 0 1003042442 415,999.98 6.275 6.275 0.5 0 1003044752 195,000.00 8.85 8.85 0.5 0 1003044869 376,000.00 6.075 6.075 0.5 0 1003044903 446,250.00 6.5 6.5 0.5 0 1003044930 228,000.00 6.5 6.5 0.5 0 1003045056 139,999.99 6.275 6.275 0.5 0 1003045298 339,999.99 5.65 5.65 0.5 0 1003045305 140,000.00 5.99 5.99 0.5 0 0000000000 331,999.99 5.75 5.75 0.5 0 1003043361 247,920.00 6.5 6.5 0.5 0 1003043450 336,000.00 7.075 7.075 0.5 0 1003043487 331,500.00 7.15 7.15 0.5 0 0000000000 345,600.00 6.775 6.775 0.5 0 1003043664 279,999.99 7.3 7.3 0.5 0 1003044075 255,999.99 6.475 6.475 0.5 0 1003186117 119,565.00 6.575 6.575 0.5 0 1003186475 142,000.00 7.225 7.225 0.5 0 1003186956 152,071.05 6.925 6.925 0.5 0 1003188115 204,750.00 5.95 5.95 0.5 0 1003188151 236,000.00 6.175 6.175 0.5 0 1003188188 295,900.00 5.75 5.75 0.5 0 1003179973 409,000.00 7.05 7.05 0.5 0 1003180319 459,999.99 6.25 6.25 0.5 0 1003180756 252,000.00 6.825 6.825 0.5 0 1003180854 310,000.00 7.25 7.25 0.5 0 1003180916 456,000.00 6.99 6.99 0.5 0 1003181014 243,000.00 6.9 6.9 0.5 0 1003181069 260,000.00 6 6 0.5 0 1003182184 258,399.99 6.025 6.025 0.5 0 1003188295 283,500.00 7 7 0.5 0 1003188348 239,919.99 5.99 5.99 0.5 0 1003188767 216,720.00 6.1 6.1 0.5 0 0000000000 105,600.00 7.375 7.375 0.5 0 1003189105 164,499.99 6.225 6.225 0.5 0 1003189114 384,660.83 5.8 5.8 0.5 0 1003189196 119,119.99 6.95 6.95 0.5 0 1003189454 295,999.99 6.635 6.635 0.5 0 2202724 242,000.00 7.15 7.15 0.5 0 2203452 322,650.00 5.27 5.27 0.5 0 1003006062 352,000.00 6.75 6.75 0.5 0 0000000000 178,400.00 6.65 6.65 0.5 0 1003006794 351,919.99 6.325 6.325 0.5 0 1003006972 332,500.00 5.7 5.7 0.5 0 1003007114 416,499.99 6.25 6.25 0.5 0 1003007356 360,000.00 5.25 5.25 0.5 0 1003007454 157,500.00 6.4 6.4 0.5 0 1003005107 128,000.00 6.375 6.375 0.5 0 1003005205 151,199.34 7.75 7.75 0.5 0 1003005483 430,000.00 5.85 5.85 0.5 0 1003005599 249,617.00 6.99 6.99 0.5 0 0000000000 264,000.00 6.125 6.125 0.5 0 1003005900 250,000.00 6.8 6.8 0.5 0 1003006026 336,000.00 6.25 6.25 0.5 0 1003191771 268,720.00 5.625 5.625 0.5 0 1003191799 146,400.00 6.475 6.475 0.5 0 1003192119 248,000.00 6.775 6.775 0.5 0 1003192431 201,600.00 6.525 6.525 0.5 0 1003193216 147,600.00 6.275 6.275 0.5 0 1003195125 199,943.95 6.95 6.95 0.5 0 1003196142 124,184.29 7.3 7.3 0.5 0 1003189793 332,000.00 7.3 7.3 0.5 0 1003189891 123,799.98 5.95 5.95 0.5 0 1003190219 627,000.00 5.99 5.99 0.5 0 0000000000 91,978.50 7.375 7.375 0.5 0 1003190567 296,000.00 5.8 5.8 0.5 0 1003190825 363,999.98 6.475 6.475 0.5 0 1003191101 298,399.99 6.98 6.98 0.5 0 0000000000 327,999.98 6.775 6.775 0.5 0 1003200707 229,599.99 5.875 5.875 0.5 0 1003200798 163,999.99 8 8 0.5 0 1003200869 292,000.00 5.99 5.99 0.5 0 1003200903 243,600.00 6.1 6.1 0.5 0 1003201234 300,000.00 6.25 6.25 0.5 0 1003201608 120,149.20 7.85 7.85 0.5 0 1003201840 288,499.98 6.275 6.275 0.5 0 1003196295 316,000.00 6.825 6.825 0.5 0 1003196712 329,400.00 6.99 6.99 0.5 0 1003197230 247,999.98 5.825 5.825 0.5 0 1003197622 64,000.00 6.35 6.35 0.5 0 1003198097 360,000.00 5.975 5.975 0.5 0 1003198293 256,000.00 5.99 5.99 0.5 0 1003200208 192,000.00 7.175 7.175 0.5 0 1003200299 152,910.00 7.85 7.85 0.5 0 1003209227 167,999.97 6.125 6.125 0.5 0 1003209548 250,000.00 6.5 6.5 0.5 0 1003209851 139,919.99 6.99 6.99 0.5 0 1003209888 228,799.99 5.9 5.9 0.5 0 1003209977 57,105.00 7.575 7.575 0.5 0 1003202260 270,000.00 6.85 6.85 0.5 0 1003202475 139,500.00 7.4 7.4 0.5 0 1003203349 215,920.00 6.95 6.95 0.5 0 1003203394 199,987.38 7.2 7.2 0.5 0 1003203713 431,200.00 6.5 6.5 0.5 0 1003205944 222,700.00 6.1 6.1 0.5 0 1003206051 97,599.99 6.25 6.25 0.5 0 1003206694 216,834.38 6.5 6.5 0.5 0 1003215247 100,000.00 6.825 6.825 0.5 0 1003215602 163,200.00 6.25 6.25 0.5 0 1003215737 367,999.99 6.125 6.125 0.5 0 1003216013 287,912.99 5.35 5.35 0.5 0 1003216317 89,900.00 7.075 7.075 0.5 0 1003216638 134,230.00 7.625 7.625 0.5 0 1003217664 226,399.99 7.25 7.25 0.5 0 1003212419 90,800.00 7.075 7.075 0.5 0 0000000000 209,699.99 6.725 6.725 0.5 0 1003212981 161,928.00 5.825 5.825 0.5 0 1003213169 459,965.83 6.25 6.25 0.5 0 1003213631 347,796.49 6.25 6.25 0.5 0 1003214113 75,099.98 5.525 5.525 0.5 0 1003214943 345,600.00 6.99 6.99 0.5 0 1003214952 195,200.00 6.475 6.475 0.5 0 1003226379 255,200.00 6.3 6.3 0.5 0 1003226789 319,500.00 7.875 7.875 0.5 0 1003227387 259,200.00 7.025 7.025 0.5 0 1003227706 206,000.00 5.7 5.7 0.5 0 1003227804 282,000.00 5.25 5.25 0.5 0 1003227902 180,000.00 7.45 7.45 0.5 0 1003228215 165,999.99 6.85 6.85 0.5 0 1003217922 297,600.00 6.99 6.99 0.5 0 1003219181 159,999.99 5.725 5.725 0.5 0 1003219902 519,999.99 6.85 6.85 0.5 0 1003220115 112,000.00 6.875 6.875 0.5 0 1003220972 400,000.00 6.75 6.75 0.5 0 1003223292 213,519.99 8.075 8.075 0.5 0 1003224273 336,000.00 6.85 6.85 0.5 0 1003226146 279,999.99 6.25 6.25 0.5 0 1003237189 348,000.00 7.15 7.15 0.5 0 1003237526 339,000.00 6.575 6.575 0.5 0 1003238909 260,000.00 5.875 5.875 0.5 0 1003240754 204,000.00 6.575 6.575 0.5 0 1003241281 239,000.00 6.625 6.625 0.5 0 1003243289 120,000.00 7.35 7.35 0.5 0 1003243305 142,399.83 6.875 6.875 0.5 0 1003229580 204,000.00 6.275 6.275 0.5 0 1003230578 141,300.00 9.125 9.125 0.5 0 1003231504 319,200.00 7.325 7.325 0.5 0 1003232111 299,600.00 6.3 6.3 0.5 0 1003232905 259,600.00 6.99 6.99 0.5 0 0000000000 94,800.00 6.425 6.425 0.5 0 1003234994 214,940.88 6.6 6.6 0.5 0 1003235537 339,987.50 5.25 5.25 0.5 0 0000000000 193,400.00 6.5 6.5 0.5 0 1003248523 378,984.50 6.6 6.6 0.5 0 1003248612 118,292.00 6.6 6.6 0.5 0 1003249773 184,497.90 7.4 7.4 0.5 0 1003250957 116,000.00 6.925 6.925 0.5 0 1003251750 270,000.00 7.825 7.825 0.5 0 1003252937 78,500.00 6.725 6.725 0.5 0 1003243314 228,000.00 8.325 8.325 0.5 0 1003243500 147,999.99 5.8 5.8 0.5 0 1003243859 298,800.00 6.425 6.425 0.5 0 1003243975 220,000.00 6.275 6.275 0.5 0 1003244322 103,919.98 6.99 6.99 0.5 0 1003246213 375,200.00 7.2 7.2 0.5 0 0000000000 216,000.00 6.365 6.365 0.5 0 1003256979 320,000.00 6.625 6.625 0.5 0 1003259020 124,000.00 7.7 7.7 0.5 0 1003261071 216,035.00 6.4 6.4 0.5 0 1003262212 394,399.99 6.5 6.5 0.5 0 1003264005 250,000.00 7.4 7.4 0.5 0 1003264407 172,110.00 6.4 6.4 0.5 0 0000000000 309,600.00 7.05 7.05 0.5 0 1003252964 232,000.00 6.95 6.95 0.5 0 1003253491 248,000.00 5.95 5.95 0.5 0 1003253552 248,400.00 5.99 5.99 0.5 0 1003253614 169,999.99 8.3 8.3 0.5 0 1003253883 88,000.00 7.425 7.425 0.5 0 1003254551 189,048.00 7.375 7.375 0.5 0 1003255694 224,000.00 6.525 6.525 0.5 0 1003256425 169,119.99 6.55 6.55 0.5 0 1003276127 388,000.00 6.375 6.375 0.5 0 1003277117 324,000.00 5.85 5.85 0.5 0 1003277910 139,600.00 6.3 6.3 0.5 0 1003281530 108,899.99 7.525 7.525 0.5 0 1003282049 120,898.99 6.475 6.475 0.5 0 1003283397 84,800.00 7.2 7.2 0.5 0 1003287758 337,600.00 6.6 6.6 0.5 0 1003287838 99,920.00 5.5 5.5 0.5 0 1003268760 144,000.00 7.45 7.45 0.5 0 1003272050 163,200.00 6.05 6.05 0.5 0 1003273255 224,899.27 5.8 5.8 0.5 0 1003273852 171,999.98 7.15 7.15 0.5 0 1003274600 350,400.00 6.65 6.65 0.5 0 1003275734 339,200.00 6.3 6.3 0.5 0 1003293590 252,000.00 6.65 6.65 0.5 0 1003341164 137,599.99 6.875 6.875 0.5 0 1003341994 305,099.99 7.45 7.45 0.5 0 1003343037 319,999.99 5.6 5.6 0.5 0 1003348069 239,199.99 6.7 6.7 0.5 0 0000000000 252,000.00 7.25 7.25 0.5 0 1002553490 225,250.00 6.95 6.95 0.5 0 1002553953 224,500.00 6.9 6.9 0.5 0 1002554890 274,498.73 5.7 5.7 0.5 0 1002555121 341,952.50 6.5 6.5 0.5 0 1002559109 195,804.43 5.525 5.525 0.5 0 1002560473 339,987.45 5.25 5.25 0.5 0 1002073847 130,395.00 6.4 6.4 0.5 0 1002076764 265,000.00 6.5 6.5 0.5 0 1002227771 383,287.02 6.95 6.95 0.5 0 0000000000 288,000.00 7.74 7.74 0.5 0 1002678061 103,591.92 6.15 6.15 0.5 0 1002678677 151,885.67 7.05 7.05 0.5 0 1002678702 357,600.00 5.99 5.99 0.5 0 1002679248 85,599.37 5.9 5.9 0.5 0 1002679612 159,999.99 6.49 6.49 0.5 0 1002679845 240,000.00 7.475 7.475 0.5 0 1002680370 312,000.00 6.375 6.375 0.5 0 1003182512 343,999.98 7.7 7.7 0.5 0 1003182656 234,750.00 7.925 7.925 0.5 0 1003182772 232,000.00 5.99 5.99 0.5 0 0000000000 259,559.53 6.125 6.125 0.5 0 1003184217 169,999.99 7.225 7.225 0.5 0 1003184636 253,600.00 6.99 6.99 0.5 0 1003184770 125,600.00 7.8 7.8 0.5 0 1003044137 330,400.00 5.85 5.85 0.5 0 1003044155 156,000.00 5.88 5.88 0.5 0 0000000000 168,560.00 6.1 6.1 0.5 0 1003044431 179,600.00 7.425 7.425 0.5 0 1003044495 176,000.00 6.45 6.45 0.5 0 1003044556 292,000.00 6.375 6.375 0.5 0 1003044707 363,999.97 6.475 6.475 0.5 0 2168802 372,000.00 7.65 7.65 0.5 0 2169808 391,000.00 5.25 5.25 0.5 0 1002778970 149,600.00 7 7 0.5 0 1002779005 232,000.00 6.99 6.99 0.5 0 1002779112 300,499.01 5.9 5.9 0.5 0 1002779185 153,600.00 6.575 6.575 0.5 0 1002779452 152,800.00 7.75 7.75 0.5 0 1002779648 468,000.00 6.99 6.99 0.5 0 1002779675 172,300.00 6.475 6.475 0.5 0 1002779906 322,999.98 6.25 6.25 0.5 0 0000000000 434,000.00 5.5 5.5 0.5 0 1002780020 124,000.00 6.725 6.725 0.5 0 1002780315 285,000.00 8.15 8.15 0.5 0 1002780798 260,000.00 5.725 5.725 0.5 0 1002781154 205,599.99 6.4 6.4 0.5 0 1002781305 325,500.00 5.99 5.99 0.5 0 1002781314 151,199.14 6.75 6.75 0.5 0 1002781500 379,999.97 6.875 6.875 0.5 0 Loan Number Scheduled Balance Original Rate Current Rate Servicing Master Servicing Fee 2142136 452,979.97 5.775 5.775 0.5 0 1002781546 249,997.12 5.775 5.775 0.5 0 1002781564 230,591.98 7.325 7.325 0.5 0 1002781680 396,000.00 6.875 6.875 0.5 0 1002781804 124,000.00 6.75 6.75 0.5 0 1002782028 251,950.00 6.025 6.025 0.5 0 1002782215 256,000.00 6.875 6.875 0.5 0 1002782527 369,750.00 6.55 6.55 0.5 0 1002782698 534,400.00 6.5 6.5 0.5 0 1002782830 143,920.00 6.375 6.375 0.5 0 1002783036 329,404.00 6.925 6.925 0.5 0 1002783125 248,000.00 7.25 7.25 0.5 0 1002783287 236,000.00 6.25 6.25 0.5 0 1002783633 123,200.00 7.45 7.45 0.5 0 1002783848 247,977.62 6.625 6.625 0.5 0 1002784106 311,919.23 6.35 6.35 0.5 0 1002891972 97,745.85 7.4 7.4 0.5 0 1002892007 359,898.18 6.75 6.75 0.5 0 1002892016 458,799.40 7.15 7.15 0.5 0 1002892409 486,999.98 7.3 7.3 0.5 0 1002892418 255,999.99 6.4 6.4 0.5 0 1002892597 177,999.99 6.25 6.25 0.5 0 1002892748 146,923.99 6.575 6.575 0.5 0 1002892819 85,927.61 7.325 7.325 0.5 0 1003016961 179,920.00 6.325 6.325 0.5 0 1003016998 179,920.00 7.275 7.275 0.5 0 1003017041 277,099.98 5.99 5.99 0.5 0 0000000000 332,500.00 6.6 6.6 0.5 0 1003017568 204,000.00 6.35 6.35 0.5 0 1003017602 603,499.99 5.75 5.75 0.5 0 1003016131 108,000.00 7.25 7.25 0.5 0 1003016195 90,000.00 5.525 5.525 0.5 0 1003016275 147,120.00 7.525 7.525 0.5 0 1003016300 252,000.00 7.675 7.675 0.5 0 1003016364 113,192.00 7.425 7.425 0.5 0 2129171 262,000.00 5.25 5.25 0.5 0 2175381 156,650.00 6.025 6.025 0.5 0 2176416 139,500.00 7.9 7.9 0.5 0 2177105 492,000.00 5.25 5.25 0.5 0 2164679 105,600.00 6.15 6.15 0.5 0 2180042 127,020.00 6.65 6.65 0.5 0 2180243 193,500.00 6.1 6.1 0.5 0 2181188 233,750.00 5.85 5.85 0.5 0 2177161 144,000.00 6.55 6.55 0.5 0 2177619 240,000.00 6.65 6.65 0.5 0 2178027 168,700.00 5.25 5.25 0.5 0 2181755 103,600.00 6.3 6.3 0.5 0 2182552 435,000.00 6.4 6.4 0.5 0 2182590 205,000.00 7 7 0.5 0 2182672 337,450.00 7.2 7.2 0.5 0 2185684 296,000.00 8.1 8.1 0.5 0 2185711 202,499.96 5.95 5.95 0.5 0 2185783 157,000.00 6.225 6.225 0.5 0 2186045 296,000.00 7.65 7.65 0.5 0 2186236 126,000.00 6.8 6.8 0.5 0 2183973 249,999.82 5.7 5.7 0.5 0 2184111 124,800.00 5.35 5.35 0.5 0 2185084 240,800.00 7.275 7.275 0.5 0 2185171 225,000.00 6.65 6.65 0.5 0 2185305 324,000.00 7.35 7.35 0.5 0 2185444 131,224.22 5.25 5.25 0.5 0 2186433 168,000.00 6.75 6.75 0.5 0 2186671 112,800.00 5.9 5.9 0.5 0 2186972 364,000.00 5.55 5.55 0.5 0 2187035 156,000.00 5.25 5.25 0.5 0 2187043 165,000.00 5.6 5.6 0.5 0 2190028 415,900.00 5.25 5.25 0.5 0 2190523 315,000.00 5.325 5.325 0.5 0 2190951 148,500.00 6.25 6.25 0.5 0 2191207 250,000.00 6.5 6.5 0.5 0 2187622 188,000.00 5.625 5.625 0.5 0 2187962 512,504.54 5.25 5.25 0.5 0 2188385 276,250.00 6.75 6.75 0.5 0 2199289 234,000.00 5.75 5.75 0.5 0 2199707 117,750.00 6.475 6.475 0.5 0 1003115248 210,000.00 7.465 7.465 0.5 0 1003115257 164,000.00 7.99 7.99 0.5 0 1003115435 140,800.00 5.975 5.975 0.5 0 1003115596 484,500.00 5.25 5.25 0.5 0 1003115961 300,000.00 7.2 7.2 0.5 0 1003116345 159,920.00 7.925 7.925 0.5 0 1003116602 416,000.00 6.25 6.25 0.5 0 1003116924 352,750.00 6.5 6.5 0.5 0 1002313874 352,000.00 7.95 7.95 0.5 0 1002314837 232,000.00 6.875 6.875 0.5 0 1002216300 320,000.00 7.425 7.425 0.5 0 0000000000 245,600.00 5.85 5.85 0.5 0 1002367156 321,428.00 7 7 0.5 0 0000000000 297,000.00 5.99 5.99 0.5 0 1002369859 295,816.00 5.55 5.55 0.5 0 1002373568 324,000.00 7.15 7.15 0.5 0 1002374193 195,999.96 7.15 7.15 0.5 0 1002376798 222,347.07 7.65 7.65 0.5 0 1002379660 228,000.00 8.2 8.2 0.5 0 1003105810 520,000.00 6.3 6.3 0.5 0 1003106347 452,000.00 6.93 6.93 0.5 0 1003106793 495,999.99 5.725 5.725 0.5 0 1003106819 101,600.00 6.825 6.825 0.5 0 1003106864 395,500.00 5.99 5.99 0.5 0 1003106999 437,199.99 6.725 6.725 0.5 0 1003107033 276,800.00 6.4 6.4 0.5 0 1003118352 169,600.00 6.125 6.125 0.5 0 1003118432 430,000.00 6.9 6.9 0.5 0 1003118646 256,500.00 5.7 5.7 0.5 0 1003118762 184,800.00 6.45 6.45 0.5 0 1003118833 456,000.00 5.4 5.4 0.5 0 1003118897 342,000.00 7.125 7.125 0.5 0 1003119002 207,000.00 6.8 6.8 0.5 0 1003119011 258,399.99 6.625 6.625 0.5 0 1003112955 149,799.98 7.3 7.3 0.5 0 1003113151 500,000.00 8.325 8.325 0.5 0 1003113160 388,000.00 5.99 5.99 0.5 0 1003113632 265,999.99 5.99 5.99 0.5 0 1003113918 190,400.00 6.888 6.888 0.5 0 1003114070 276,799.99 5.375 5.375 0.5 0 1003114472 348,000.00 7.35 7.35 0.5 0 1003115104 252,000.00 6.5 6.5 0.5 0 1003116951 211,999.99 5.75 5.75 0.5 0 1003117013 251,886.88 7.525 7.525 0.5 0 1003117246 208,000.00 6.125 6.125 0.5 0 1003117521 308,699.99 6.475 6.475 0.5 0 1003117772 477,000.00 6.45 6.45 0.5 0 1003117898 192,000.00 7.25 7.25 0.5 0 1003118110 319,999.99 6.425 6.425 0.5 0 1003118147 93,600.00 6.975 6.975 0.5 0 1003112072 184,999.99 5.525 5.525 0.5 0 1003112134 129,932.51 6.6 6.6 0.5 0 1003112161 96,000.00 6.55 6.55 0.5 0 0000000000 275,600.00 6.85 6.85 0.5 0 1003112438 401,600.00 6.15 6.15 0.5 0 1003112544 200,868.00 7.825 7.825 0.5 0 1003112679 175,999.99 5.99 5.99 0.5 0 1003112839 528,000.00 6.825 6.825 0.5 0 1003120250 261,000.00 6.35 6.35 0.5 0 1003120269 165,600.00 7.125 7.125 0.5 0 1003120456 279,999.27 6.99 6.99 0.5 0 1003120722 227,920.00 6.225 6.225 0.5 0 0000000000 412,685.60 6.45 6.45 0.5 0 0000000000 171,699.99 7.175 7.175 0.5 0 0000000000 256,000.00 6.35 6.35 0.5 0 1003121375 280,499.99 5.99 5.99 0.5 0 1003119565 176,000.00 6.6 6.6 0.5 0 1003119716 176,000.00 7.425 7.425 0.5 0 1003119743 428,000.00 6.75 6.75 0.5 0 1003119770 328,000.00 7.175 7.175 0.5 0 1003119805 320,000.00 7.125 7.125 0.5 0 1003119814 295,999.98 7.025 7.025 0.5 0 1003119930 424,000.00 5.99 5.99 0.5 0 1003120152 300,000.00 6.25 6.25 0.5 0 1002641662 92,000.00 7.5 7.5 0.5 0 1002643786 123,949.17 7.25 7.25 0.5 0 1002644295 211,200.00 7.975 7.975 0.5 0 1002644570 175,200.00 6.525 6.525 0.5 0 1002645695 303,999.99 5.5 5.5 0.5 0 1002646603 323,919.99 6.875 6.875 0.5 0 1002648950 148,800.00 5.9 5.9 0.5 0 1002649236 130,499.98 6.2 6.2 0.5 0 1003121650 225,900.00 6.35 6.35 0.5 0 1003121669 122,400.00 6.5 6.5 0.5 0 1003121696 320,000.00 6.375 6.375 0.5 0 1003121918 288,999.56 6.3 6.3 0.5 0 1003122579 320,000.00 6.99 6.99 0.5 0 1003122588 187,996.93 7.025 7.025 0.5 0 1003122828 424,000.00 6.75 6.75 0.5 0 1003123337 231,939.58 6.25 6.25 0.5 0 1003123453 272,000.00 6.7 6.7 0.5 0 1003123943 274,520.00 6.325 6.325 0.5 0 1003124005 360,000.00 8.05 8.05 0.5 0 1003124185 315,920.00 8.175 8.175 0.5 0 1003124336 319,200.00 6.225 6.225 0.5 0 1003124577 263,200.00 6.125 6.125 0.5 0 1003125255 188,000.00 6.75 6.75 0.5 0 1003125273 288,000.00 7.625 7.625 0.5 0 1003127486 154,353.90 7.125 7.125 0.5 0 1003127592 361,600.00 5.25 5.25 0.5 0 1003127716 103,200.00 6.15 6.15 0.5 0 1003127725 345,397.81 5.25 5.25 0.5 0 1003127976 445,228.69 7.35 7.35 0.5 0 1003127985 154,240.00 6.75 6.75 0.5 0 1003128065 168,000.00 7.225 7.225 0.5 0 1003125380 379,955.73 6.99 6.99 0.5 0 1003125647 121,920.00 5.975 5.975 0.5 0 0000000000 264,000.00 7.33 7.33 0.5 0 1003126147 324,000.00 5.775 5.775 0.5 0 1003126833 115,191.31 6.475 6.475 0.5 0 0000000000 313,200.00 6.25 6.25 0.5 0 1003127146 196,000.00 7.05 7.05 0.5 0 1003129493 303,200.00 8.025 8.025 0.5 0 1003129689 255,000.00 5.7 5.7 0.5 0 1003129705 240,499.99 6.15 6.15 0.5 0 1003130034 523,980.14 6.825 6.825 0.5 0 1003130267 467,862.04 7.075 7.075 0.5 0 1003130276 405,000.00 6.99 6.99 0.5 0 1003130338 488,000.00 6 6 0.5 0 1003130524 330,720.00 5.525 5.525 0.5 0 1003128163 375,999.99 6.7 6.7 0.5 0 0000000000 252,000.00 8 8 0.5 0 1003128573 524,400.00 6.625 6.625 0.5 0 1003128626 408,000.00 6.53 6.53 0.5 0 1003128680 211,840.00 8.175 8.175 0.5 0 1003128715 279,999.99 5.725 5.725 0.5 0 1003128797 348,449.99 6.75 6.75 0.5 0 1003129171 160,000.00 6.875 6.875 0.5 0 1003150440 363,999.57 7.525 7.525 0.5 0 1003150725 368,000.00 5.5 5.5 0.5 0 1003150789 231,999.99 6.775 6.775 0.5 0 0000000000 224,000.00 8.025 8.025 0.5 0 1003151680 256,000.00 6.975 6.975 0.5 0 1003151760 400,000.00 6.9 6.9 0.5 0 1003149961 276,000.00 6.2 6.2 0.5 0 0000000000 423,200.00 5.88 5.88 0.5 0 1003150002 267,749.97 5.75 5.75 0.5 0 1003150208 412,000.00 6.875 6.875 0.5 0 1003150262 196,000.00 6.3 6.3 0.5 0 1003150315 519,999.33 6.25 6.25 0.5 0 1003150333 167,199.98 6.175 6.175 0.5 0 1003299120 108,000.00 7.25 7.25 0.5 0 1003299399 208,000.00 6.99 6.99 0.5 0 1003300706 139,999.99 6.8 6.8 0.5 0 1003301723 396,000.00 5.975 5.975 0.5 0 1003156523 204,000.00 7.175 7.175 0.5 0 1003156836 184,000.00 7.125 7.125 0.5 0 1003156989 556,000.00 5.99 5.99 0.5 0 1003157149 280,000.00 6.375 6.375 0.5 0 1003157158 119,431.82 9.175 9.175 0.5 0 1003157498 367,999.99 5.3 5.3 0.5 0 1003157531 110,468.63 6.9 6.9 0.5 0 2158696 155,200.00 6.575 6.575 0.5 0 1001888078 204,000.00 7.25 7.25 0.5 0 1001903916 112,000.00 6.575 6.575 0.5 0 1001904791 216,000.00 6.75 6.75 0.5 0 1002661186 472,000.00 5.85 5.85 0.5 0 1002661916 104,800.00 5.85 5.85 0.5 0 1002662906 108,000.00 7 7 0.5 0 1002663004 214,400.00 6.7 6.7 0.5 0 1002665921 147,920.00 6.375 6.375 0.5 0 1002666341 339,245.77 6.2 6.2 0.5 0 1002666485 420,000.00 6.95 6.95 0.5 0 1002666957 480,000.00 5.775 5.775 0.5 0 1003020974 446,400.00 6.975 6.975 0.5 0 1003021660 225,640.98 8.413 8.413 0.5 0 1003021731 264,000.00 6.75 6.75 0.5 0 1003022044 300,000.00 5.75 5.75 0.5 0 1003022240 326,400.00 5.725 5.725 0.5 0 1003022295 171,920.00 5.99 5.99 0.5 0 1001503019 92,400.00 6.35 6.35 0.5 0 1002777409 300,000.00 5.85 5.85 0.5 0 1002777828 166,400.00 6.25 6.25 0.5 0 1002778033 179,932.32 6.25 6.25 0.5 0 1002778435 392,000.00 6.075 6.075 0.5 0 1002778541 140,000.00 6.525 6.525 0.5 0 1002778550 187,999.98 6.35 6.35 0.5 0 1002778845 364,000.00 6.4 6.4 0.5 0 0000000000 351,200.00 6.625 6.625 0.5 0 1003152171 142,000.00 6.3 6.3 0.5 0 1003152340 103,500.00 8.7 8.7 0.5 0 0000000000 256,000.00 7.25 7.25 0.5 0 0000000000 131,864.75 7.225 7.225 0.5 0 1003153009 532,000.00 5.625 5.625 0.5 0 1001023065 275,000.00 5.85 5.85 0.5 0 2164061 125,600.00 6.25 6.25 0.5 0 1003107373 54,000.00 8.925 8.925 0.5 0 1003107809 312,000.00 6.975 6.975 0.5 0 1003107916 216,000.00 7.625 7.625 0.5 0 1003108513 156,000.00 6.55 6.55 0.5 0 1003109353 355,999.99 5.75 5.75 0.5 0 1002229154 197,000.00 5.99 5.99 0.5 0 1002229289 220,000.00 8.25 8.25 0.5 0 1002230106 432,000.00 6 6 0.5 0 1003027138 296,000.00 6.375 6.375 0.5 0 1003027557 121,600.00 7.25 7.25 0.5 0 1003027799 106,250.00 8.6 8.6 0.5 0 1003027888 180,000.00 6.99 6.99 0.5 0 1003027940 200,000.00 7.275 7.275 0.5 0 1003028100 130,500.00 8.675 8.675 0.5 0 0000000000 154,000.00 7.4 7.4 0.5 0 1003028244 241,600.00 7.875 7.875 0.5 0 1003022473 195,200.00 6.25 6.25 0.5 0 1003022909 344,000.00 6.3 6.3 0.5 0 1003022927 379,999.99 6.65 6.65 0.5 0 0000000000 331,691.60 6.175 6.175 0.5 0 1003023025 249,600.00 7.75 7.75 0.5 0 1003023515 142,000.00 7.55 7.55 0.5 0 1003023533 175,000.00 5.85 5.85 0.5 0 1002333512 160,000.00 7.475 7.475 0.5 0 1002340915 278,400.00 6.4 6.4 0.5 0 0000000000 115,998.74 7.775 7.775 0.5 0 1002342450 157,000.00 7.7 7.7 0.5 0 1002346125 250,387.63 6.65 6.65 0.5 0 1002081641 168,000.00 6.425 6.425 0.5 0 2135826 215,000.00 8.425 8.425 0.5 0 0000000000 292,500.00 7.9 7.9 0.5 0 1002092078 134,400.00 7.9 7.9 0.5 0 1001301816 209,354.00 5.8 5.8 0.5 0 1001985383 257,724.00 6.75 6.75 0.5 0 2173342 392,000.00 5.3 5.3 0.5 0 2173359 117,000.00 5.7 5.7 0.5 0 2133347 114,400.00 5.25 5.25 0.5 0 1001592903 264,576.00 5.75 5.75 0.5 0 1001599586 252,000.00 6.95 6.95 0.5 0 1002399906 264,087.98 6.15 6.15 0.5 0 1002400066 159,999.99 6.625 6.625 0.5 0 1002401813 189,600.00 7.2 7.2 0.5 0 1002405622 250,000.00 6.65 6.65 0.5 0 0000000000 251,000.00 5.25 5.25 0.5 0 1002410670 108,749.81 6.45 6.45 0.5 0 1002411492 70,400.00 7.65 7.65 0.5 0 0000000000 373,574.68 6.45 6.45 0.5 0 1001273829 173,375.00 7.55 7.55 0.5 0 0000000000 396,000.00 6.225 6.225 0.5 0 1002036772 220,000.00 7.15 7.15 0.5 0 1003023739 271,999.99 5.975 5.975 0.5 0 1003023971 316,800.00 7.99 7.99 0.5 0 1003024024 109,970.67 6.4 6.4 0.5 0 1003024122 420,000.00 6.25 6.25 0.5 0 1003024140 97,999.98 5.575 5.575 0.5 0 0000000000 396,000.00 5.625 5.625 0.5 0 0000000000 423,101.24 5.6 5.6 0.5 0 1003304418 283,999.99 6.35 6.35 0.5 0 1003306032 226,400.00 6.99 6.99 0.5 0 1003308192 313,500.00 6.9 6.9 0.5 0 1003330023 226,600.00 5.875 5.875 0.5 0 1003336811 233,599.99 6.8 6.8 0.5 0 1003338454 392,000.00 5.4 5.4 0.5 0 1003030954 480,000.00 5.875 5.875 0.5 0 1003031070 151,550.42 6.825 6.825 0.5 0 0000000000 111,889.67 6.5 6.5 0.5 0 1003031114 200,000.00 8.35 8.35 0.5 0 1003031169 161,600.00 6.225 6.225 0.5 0 1003031187 421,600.00 7.125 7.125 0.5 0 1003031221 123,920.00 7.95 7.95 0.5 0 1001981706 132,000.00 6.9 6.9 0.5 0 1003024177 459,999.99 5.5 5.5 0.5 0 1003024202 137,599.98 6.575 6.575 0.5 0 1003024426 82,319.98 6.213 6.213 0.5 0 1003024444 399,200.00 5.725 5.725 0.5 0 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138,550.00 6.7 6.7 0.5 0 2174101 260,000.00 5.99 5.99 0.5 0 2174206 153,899.86 6.1 6.1 0.5 0 2175070 100,000.00 7.9 7.9 0.5 0 1001708441 105,300.00 8.7 8.7 0.5 0 1002007107 296,000.00 6.45 6.45 0.5 0 1002320125 175,948.44 6.99 6.99 0.5 0 1002320278 185,574.71 6.5 6.5 0.5 0 0000000000 72,556.65 7.05 7.05 0.5 0 1002030714 297,097.28 6.5 6.5 0.5 0 1002024311 377,872.00 7.75 7.75 0.5 0 1002025187 340,000.00 7.3 7.3 0.5 0 0000000000 262,799.78 6.375 6.375 0.5 0 1003028299 273,600.00 6.575 6.575 0.5 0 0000000000 375,200.00 6.625 6.625 0.5 0 1003028342 480,000.00 7.075 7.075 0.5 0 1003028404 405,000.00 6.25 6.25 0.5 0 1003028734 108,000.00 6.6 6.6 0.5 0 1003028912 277,600.00 6.575 6.575 0.5 0 1003029001 312,000.00 6 6 0.5 0 1003029010 439,086.48 6.5 6.5 0.5 0 1002009819 89,600.00 7.35 7.35 0.5 0 1003025997 111,200.00 6.925 6.925 0.5 0 1003026086 180,000.00 7.7 7.7 0.5 0 1003026264 250,000.00 5.99 5.99 0.5 0 1003026415 298,500.00 6.1 6.1 0.5 0 1003026585 150,573.98 5.55 5.55 0.5 0 1003026843 316,000.00 6.27 6.27 0.5 0 1003026996 266,000.00 5.85 5.85 0.5 0 1003027003 106,400.00 6.3 6.3 0.5 0 0000000000 110,400.00 7.125 7.125 0.5 0 1003029573 431,200.00 7.125 7.125 0.5 0 1003029582 320,000.00 7.375 7.375 0.5 0 1003029751 288,000.00 5.9 5.9 0.5 0 1003029920 122,400.00 7.015 7.015 0.5 0 1003030062 286,000.00 6.675 6.675 0.5 0 0000000000 297,500.00 6.6 6.6 0.5 0 1002064535 108,799.97 6.35 6.35 0.5 0 1003030259 215,614.40 7.175 7.175 0.5 0 1003030277 316,000.00 6.95 6.95 0.5 0 1003030357 248,759.99 6.525 6.525 0.5 0 1003030570 104,799.99 7 7 0.5 0 1003030749 385,000.00 6.75 6.75 0.5 0 1003030767 310,000.00 6.24 6.24 0.5 0 1003030874 272,000.00 6.85 6.85 0.5 0 1003030945 216,000.00 6.5 6.5 0.5 0 1003109567 564,999.99 5.75 5.75 0.5 0 1003110074 295,120.00 6.775 6.775 0.5 0 1003110519 280,000.00 6.95 6.95 0.5 0 1003110546 472,000.00 6.375 6.375 0.5 0 1003110751 160,792.00 6.125 6.125 0.5 0 1003110813 322,769.99 7.375 7.375 0.5 0 1003110895 195,500.00 6.05 6.05 0.5 0 1002046226 159,999.96 6.25 6.25 0.5 0 1002046752 280,000.00 6.5 6.5 0.5 0 1003018969 220,000.00 6.15 6.15 0.5 0 0000000000 367,920.00 6.325 6.325 0.5 0 1003019254 249,999.80 6.375 6.375 0.5 0 1003019325 244,000.00 7.325 7.325 0.5 0 1003019405 251,250.00 7 7 0.5 0 1003019450 269,910.00 7.825 7.825 0.5 0 1003019708 269,600.00 7.65 7.65 0.5 0 1002051870 206,100.00 8.65 8.65 0.5 0 0000000000 168,000.00 6.99 6.99 0.5 0 1002241808 113,845.97 7 7 0.5 0 1002242433 131,200.00 6.625 6.625 0.5 0 1003153394 288,000.00 7.1 7.1 0.5 0 1003153991 352,000.00 6.125 6.125 0.5 0 0000000000 129,607.60 6.25 6.25 0.5 0 1003154446 168,299.99 7.125 7.125 0.5 0 1003154856 364,000.00 8 8 0.5 0 1003154874 303,997.33 6.7 6.7 0.5 0 0000000000 199,950.00 6 6 0.5 0 1003294580 264,000.00 6.9 6.9 0.5 0 1003294848 148,000.00 7.25 7.25 0.5 0 2088838 243,200.00 6.25 6.25 0.5 0 1002390665 284,800.00 6.65 6.65 0.5 0 1002391478 307,688.28 6.9 6.9 0.5 0 1002393653 296,000.00 6.775 6.775 0.5 0 1002394750 281,599.99 6.5 6.5 0.5 0 1002395517 116,799.97 8.125 8.125 0.5 0 1002395544 201,675.20 6.45 6.45 0.5 0 1002396099 178,772.40 6.65 6.65 0.5 0 1003033256 432,899.97 6.55 6.55 0.5 0 0000000000 550,400.00 6.375 6.375 0.5 0 1003033327 389,600.00 6.825 6.825 0.5 0 1003033880 250,000.00 7.05 7.05 0.5 0 1003034040 385,599.99 6.85 6.85 0.5 0 1003034086 433,499.99 6.825 6.825 0.5 0 1003034246 150,000.00 7.6 7.6 0.5 0 1002379991 212,000.00 7.5 7.5 0.5 0 1002381023 222,750.00 7.75 7.75 0.5 0 1002384306 130,400.00 7.013 7.013 0.5 0 1002384609 312,000.00 6.7 6.7 0.5 0 1002384618 336,954.98 6.25 6.25 0.5 0 1002385519 249,999.98 6.988 6.988 0.5 0 1002387624 85,000.00 6.85 6.85 0.5 0 1002388124 161,861.04 8.775 8.775 0.5 0 1002045487 206,280.00 6.425 6.425 0.5 0 1002045584 350,706.68 6.75 6.75 0.5 0 1002021225 181,900.00 7.5 7.5 0.5 0 1002242647 202,500.00 8.2 8.2 0.5 0 1002243414 256,000.00 8.25 8.25 0.5 0 0000000000 252,000.00 6.99 6.99 0.5 0 0000000000 200,800.00 7.35 7.35 0.5 0 1002246135 185,032.00 7.1 7.1 0.5 0 1002247526 178,353.11 6.2 6.2 0.5 0 1001846275 216,000.00 7.99 7.99 0.5 0 1003017826 445,899.98 6.625 6.625 0.5 0 1003018004 328,000.00 5.9 5.9 0.5 0 1003018246 295,999.67 6.85 6.85 0.5 0 1003018530 556,749.99 6.85 6.85 0.5 0 1003018610 474,000.00 5.3 5.3 0.5 0 1003018905 318,600.00 7.2 7.2 0.5 0 1001965467 139,369.34 6.4 6.4 0.5 0 1002346376 289,600.00 5.75 5.75 0.5 0 1002348800 147,597.54 7.1 7.1 0.5 0 1002349373 241,599.98 6.738 6.738 0.5 0 1002353429 308,000.00 6.85 6.85 0.5 0 1002353642 160,000.00 5.8 5.8 0.5 0 1002357522 327,200.00 6.75 6.75 0.5 0 0000000000 175,200.00 8.025 8.025 0.5 0 2192639 251,000.00 6.275 6.275 0.5 0 1001777296 304,000.00 6.5 6.5 0.5 0 1001853300 139,999.98 6.125 6.125 0.5 0 1001856520 175,968.00 6.5 6.5 0.5 0 1002157016 222,400.00 7.725 7.725 0.5 0 1002157276 217,600.00 7.65 7.65 0.5 0 1002165720 113,591.97 5.725 5.725 0.5 0 1003019842 119,999.47 5.875 5.875 0.5 0 0000000000 197,599.99 6.2 6.2 0.5 0 0000000000 343,999.98 6.875 6.875 0.5 0 1003020395 468,000.00 6.225 6.225 0.5 0 0000000000 319,200.00 5.4 5.4 0.5 0 0000000000 151,920.00 8.075 8.075 0.5 0 1003020938 125,000.00 5.75 5.75 0.5 0 1001761481 304,232.00 7.35 7.35 0.5 0 1002170750 295,200.00 6.95 6.95 0.5 0 1002174774 259,992.68 6.65 6.65 0.5 0 1001909821 195,784.00 7.95 7.95 0.5 0 1001911541 420,000.00 5.75 5.75 0.5 0 1001842723 173,000.00 6.825 6.825 0.5 0 1002123455 269,788.96 6.7 6.7 0.5 0 1002125523 145,120.00 6.875 6.875 0.5 0 1001860383 162,500.00 7.9 7.9 0.5 0 1002145869 200,000.00 7.225 7.225 0.5 0 1002155606 319,200.00 7.35 7.35 0.5 0 1002155946 256,000.00 7.4 7.4 0.5 0 1002156534 228,000.00 6.75 6.75 0.5 0 1002178020 106,320.00 7.75 7.75 0.5 0 0000000000 316,896.00 6.95 6.95 0.5 0 1002186235 145,599.97 6.25 6.25 0.5 0 1002180491 201,543.94 6.25 6.25 0.5 0 1002181392 279,974.69 7 7 0.5 0 1002194609 318,750.00 6.6 6.6 0.5 0 1002197438 279,900.00 8.99 8.99 0.5 0 1002200889 321,316.35 8.15 8.15 0.5 0 1002201307 243,749.12 7.9 7.9 0.5 0 1002201432 281,934.00 8.5 8.5 0.5 0 1002202351 199,999.99 5.75 5.75 0.5 0 1002187555 259,999.98 6.8 6.8 0.5 0 1002188322 310,000.00 7.3 7.3 0.5 0 1002194244 327,250.00 6.844 6.844 0.5 0 1002575056 163,000.00 7.525 7.525 0.5 0 0000000000 412,000.00 6.125 6.125 0.5 0 1002583591 493,000.00 6.25 6.25 0.5 0 1002583779 445,000.00 6.5 6.5 0.5 0 1002586151 186,938.00 7.95 7.95 0.5 0 1002588989 288,497.81 6.563 6.563 0.5 0 1002590137 216,000.00 8.65 8.65 0.5 0 1002591859 185,200.00 6.8 6.8 0.5 0 1002204616 237,527.90 6.025 6.025 0.5 0 1002210119 125,600.00 6.625 6.625 0.5 0 2124297 111,200.00 6.55 6.55 0.5 0 2139452 308,500.00 6.2 6.2 0.5 0 2148841 238,500.00 6.25 6.25 0.5 0 2159108 200,000.00 5.35 5.35 0.5 0 2179125 260,000.00 6.05 6.05 0.5 0 2179826 128,265.00 6.475 6.475 0.5 0 2161946 163,999.25 5.925 5.925 0.5 0 2191271 414,000.00 5.25 5.25 0.5 0 2191571 117,000.00 7.275 7.275 0.5 0 2191765 296,250.00 6.9 6.9 0.5 0 2191934 492,000.00 6.3 6.3 0.5 0 2191942 288,000.00 7.1 7.1 0.5 0 2192031 280,500.00 6.2 6.2 0.5 0 2192475 172,800.00 5.65 5.65 0.5 0 0000000000 113,599.98 7.85 7.85 0.5 0 1001867929 124,000.00 6.85 6.85 0.5 0 1001874813 210,215.25 7.025 7.025 0.5 0 1002454917 155,200.00 5.5 5.5 0.5 0 1002456201 130,499.90 8.75 8.75 0.5 0 1002456817 270,000.00 9.1 9.1 0.5 0 1002457549 211,120.00 7.5 7.5 0.5 0 1002460312 127,999.98 6.5 6.5 0.5 0 1002461240 229,100.00 6.5 6.5 0.5 0 1002461419 312,000.00 7.5 7.5 0.5 0 1002461918 137,901.70 7.4 7.4 0.5 0 1002218184 311,600.00 7.7 7.7 0.5 0 1002223276 269,200.00 8.25 8.25 0.5 0 1002128414 296,000.00 6.4 6.4 0.5 0 1002139901 161,250.00 6.925 6.925 0.5 0 1002136833 351,432.00 6.95 6.95 0.5 0 1002688149 300,000.00 6.525 6.525 0.5 0 1002688470 261,600.00 6.65 6.65 0.5 0 1002688906 304,000.00 5.99 5.99 0.5 0 1002689415 424,000.00 5.5 5.5 0.5 0 1002690270 184,000.00 7.35 7.35 0.5 0 1002690449 117,199.45 6.25 6.25 0.5 0 0000000000 250,250.00 6.25 6.25 0.5 0 1002890928 575,999.95 6.55 6.55 0.5 0 1002891026 600,000.00 7.6 7.6 0.5 0 1002891035 121,455.46 6.3 6.3 0.5 0 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209,600.00 5.25 5.25 0.5 0 2167428 155,550.00 6.15 6.15 0.5 0 2167577 229,500.00 7.1 7.1 0.5 0 2167956 191,200.00 5.25 5.25 0.5 0 2168120 188,000.00 7.7 7.7 0.5 0 2168299 330,000.00 6.15 6.15 0.5 0 2188697 320,000.00 5.5 5.5 0.5 0 2188998 203,775.00 5.4 5.4 0.5 0 2189029 221,400.00 7.65 7.65 0.5 0 2189065 407,792.87 6.6 6.6 0.5 0 2189298 505,450.00 5.25 5.25 0.5 0 2189323 204,000.00 5.35 5.35 0.5 0 1003013973 250,000.00 7.375 7.375 0.5 0 1003014605 178,560.00 8.775 8.775 0.5 0 1003014963 111,989.99 7.725 7.725 0.5 0 0000000000 324,000.00 6.55 6.55 0.5 0 1001921086 332,975.94 6.95 6.95 0.5 0 0000000000 259,102.00 8.6 8.6 0.5 0 1001920014 146,400.00 5.9 5.9 0.5 0 1001920933 299,759.39 6.125 6.125 0.5 0 1001929925 392,000.00 6.85 6.85 0.5 0 0000000000 255,022.00 7.95 7.95 0.5 0 0000000000 250,000.00 6.5 6.5 0.5 0 1001943801 212,000.00 7.65 7.65 0.5 0 1001944169 242,549.96 6.2 6.2 0.5 0 1003176431 412,000.00 6.2 6.2 0.5 0 1003176592 350,400.00 6.075 6.075 0.5 0 1003177895 467,992.92 6.1 6.1 0.5 0 1003178028 460,000.00 5.25 5.25 0.5 0 0000000000 208,000.00 6.99 6.99 0.5 0 1003179447 308,000.00 5.875 5.875 0.5 0 1003179456 202,000.00 5.6 5.6 0.5 0 0000000000 110,091.44 6.2 6.2 0.5 0 1001996148 112,000.00 8.3 8.3 0.5 0 2155813 281,250.00 6.25 6.25 0.5 0 1002068880 268,000.00 8.45 8.45 0.5 0 1002090150 352,000.00 5.99 5.99 0.5 0 1002793409 269,054.97 6.75 6.75 0.5 0 1002793757 329,600.00 5.25 5.25 0.5 0 1002793962 435,722.39 6.5 6.5 0.5 0 1002794319 455,920.00 7.2 7.2 0.5 0 1002794337 276,000.00 5.55 5.55 0.5 0 1002794792 297,000.00 7.75 7.75 0.5 0 1002795176 368,000.00 6.775 6.775 0.5 0 1002795470 385,000.00 6.25 6.25 0.5 0 1002272285 107,599.98 5.99 5.99 0.5 0 1002272515 160,000.00 6.275 6.275 0.5 0 1002272524 157,500.00 9.35 9.35 0.5 0 1002275451 90,000.00 7.5 7.5 0.5 0 1002276325 148,000.00 6.875 6.875 0.5 0 1002277556 229,914.09 7.92 7.92 0.5 0 1003002814 364,000.00 6.5 6.5 0.5 0 1003002949 325,375.19 6 6 0.5 0 1003002976 127,999.99 6.95 6.95 0.5 0 0000000000 280,000.00 7.875 7.875 0.5 0 1003003065 427,500.00 7.75 7.75 0.5 0 1003003154 468,749.98 5.7 5.7 0.5 0 1003003163 504,000.00 7.325 7.325 0.5 0 1002078940 207,326.00 7.375 7.375 0.5 0 1002079459 232,198.37 6.55 6.55 0.5 0 0000000000 399,999.98 6.85 6.85 0.5 0 1002101273 232,000.00 7.025 7.025 0.5 0 1002258844 210,399.97 7.75 7.75 0.5 0 1002259781 183,999.97 8.2 8.2 0.5 0 0000000000 164,958.06 6.95 6.95 0.5 0 1002269075 193,977.09 7.05 7.05 0.5 0 1002269379 202,027.38 6.25 6.25 0.5 0 0000000000 239,390.00 7.65 7.65 0.5 0 1002232248 192,310.65 7.25 7.25 0.5 0 1002232827 200,000.00 6.85 6.85 0.5 0 1002235218 97,200.00 7.55 7.55 0.5 0 1002299630 240,000.00 8.2 8.2 0.5 0 0000000000 273,600.00 7.05 7.05 0.5 0 1002300566 170,164.98 7.35 7.35 0.5 0 1002309317 115,360.00 8.3 8.3 0.5 0 1002278519 215,050.00 8.15 8.15 0.5 0 1002278680 297,809.97 7.5 7.5 0.5 0 1002286813 99,920.00 8.6 8.6 0.5 0 1002294065 151,120.00 7.55 7.55 0.5 0 1002296492 408,000.00 5.65 5.65 0.5 0 1002299195 255,000.00 7.75 7.75 0.5 0 1002331532 185,191.97 7.05 7.05 0.5 0 1002332354 315,341.96 6.6 6.6 0.5 0 1002332443 145,800.00 8.2 8.2 0.5 0 1002332782 180,000.00 7.5 7.5 0.5 0 1002333166 363,454.00 7.5 7.5 0.5 0 1002599726 80,000.00 6.45 6.45 0.5 0 1002600224 195,200.00 6.25 6.25 0.5 0 1002601492 123,250.00 6.3 6.3 0.5 0 1002602927 422,000.00 5.9 5.9 0.5 0 0000000000 298,284.00 5.75 5.75 0.5 0 1002593223 156,000.00 8.275 8.275 0.5 0 1002594552 193,204.31 6.5 6.5 0.5 0 1002594712 265,856.00 6.85 6.85 0.5 0 1002595230 184,500.00 6.95 6.95 0.5 0 1002597443 220,150.00 7.15 7.15 0.5 0 0000000000 272,999.20 6.88 6.88 0.5 0 1002599708 391,907.70 5.625 5.625 0.5 0 1002618983 256,800.00 6.6 6.6 0.5 0 1002620211 282,400.00 6.375 6.375 0.5 0 1002620444 181,752.00 8.025 8.025 0.5 0 1002621381 197,599.99 7.85 7.85 0.5 0 1002622488 439,920.00 6.225 6.225 0.5 0 1002624271 93,395.83 7.2 7.2 0.5 0 1002604505 200,175.00 6.25 6.25 0.5 0 1002604710 184,000.00 7.75 7.75 0.5 0 1002605238 152,818.87 8.65 8.65 0.5 0 1002608912 198,000.00 7.5 7.5 0.5 0 1002611926 214,400.00 5.95 5.95 0.5 0 0000000000 332,000.00 6.78 6.78 0.5 0 1002612925 139,409.98 8.35 8.35 0.5 0 0000000000 281,350.00 5.275 5.275 0.5 0 1002630834 343,591.84 5.35 5.35 0.5 0 1002630870 179,400.00 6.6 6.6 0.5 0 1002631254 350,999.98 8.425 8.425 0.5 0 1002631398 259,919.99 6.8 6.8 0.5 0 1002631735 264,000.00 6.8 6.8 0.5 0 1002632404 359,200.00 5.99 5.99 0.5 0 1002632486 276,000.00 5.99 5.99 0.5 0 0000000000 132,762.24 6.825 6.825 0.5 0 1002625939 170,908.98 7.5 7.5 0.5 0 1002628106 135,200.00 6.85 6.85 0.5 0 0000000000 275,000.00 6.9 6.9 0.5 0 0000000000 316,000.00 6.625 6.625 0.5 0 1002630111 126,400.00 7.775 7.775 0.5 0 1002630184 263,499.99 6.403 6.403 0.5 0 1002655237 240,000.00 5.575 5.575 0.5 0 1002657119 269,909.23 8.175 8.175 0.5 0 1002657770 280,000.00 5.75 5.75 0.5 0 1002658902 212,000.00 6.43 6.43 0.5 0 1002659322 501,600.00 6.125 6.125 0.5 0 1002635027 439,999.99 6.8 6.8 0.5 0 1002635036 142,320.00 6.7 6.7 0.5 0 0000000000 351,200.00 6.625 6.625 0.5 0 1002637070 134,979.41 5.7 5.7 0.5 0 1002637793 110,499.98 6.525 6.525 0.5 0 1002638444 342,000.00 6.99 6.99 0.5 0 1002639531 247,999.98 6.725 6.725 0.5 0 1002681048 312,000.00 5.925 5.925 0.5 0 1002682546 372,000.00 6.525 6.525 0.5 0 1002682617 180,000.00 6.6 6.6 0.5 0 1002682662 125,000.00 5.75 5.75 0.5 0 0000000000 380,000.00 6.625 6.625 0.5 0 1002682760 492,000.00 6.35 6.35 0.5 0 1002683420 419,821.98 6.99 6.99 0.5 0 1002683812 208,249.99 8.55 8.55 0.5 0 1002667091 211,200.00 7.25 7.25 0.5 0 1002667830 271,200.00 7.575 7.575 0.5 0 1002667929 262,000.00 6.9 6.9 0.5 0 1002668786 308,000.00 6.25 6.25 0.5 0 1002671184 338,000.00 6.475 6.475 0.5 0 1002672414 432,000.00 7.95 7.95 0.5 0 1002675643 163,200.00 6.15 6.15 0.5 0 0000000000 319,940.69 6.99 6.99 0.5 0 1002686285 235,000.00 6.39 6.39 0.5 0 1002686374 209,811.43 6.45 6.45 0.5 0 1002686418 224,999.98 8.575 8.575 0.5 0 1002686855 320,000.00 7.075 7.075 0.5 0 1002687051 126,400.00 6.05 6.05 0.5 0 1002687854 134,400.00 6.65 6.65 0.5 0 1002683821 426,373.99 5.375 5.375 0.5 0 1002684688 186,000.00 5.55 5.55 0.5 0 1002684704 375,000.00 6.85 6.85 0.5 0 1002684973 257,998.68 5.65 5.65 0.5 0 1002685320 460,000.00 6.725 6.725 0.5 0 1002685464 130,400.00 7.95 7.95 0.5 0 1002685525 355,901.78 6.55 6.55 0.5 0 1002734768 247,200.00 7.875 7.875 0.5 0 1002734875 372,000.00 5.75 5.75 0.5 0 1002734893 74,874.49 8.175 8.175 0.5 0 1002735231 191,919.97 7.325 7.325 0.5 0 1002736141 99,999.98 7.45 7.45 0.5 0 1002736187 381,999.99 6.25 6.25 0.5 0 1002736301 256,000.00 6.3 6.3 0.5 0 1002736481 442,224.43 6.75 6.75 0.5 0 0000000000 203,299.00 6.85 6.85 0.5 0 0000000000 335,146.68 7.1 7.1 0.5 0 1002692919 117,600.00 6.375 6.375 0.5 0 1002693151 271,608.96 6.325 6.325 0.5 0 0000000000 160,000.00 6.375 6.375 0.5 0 0000000000 259,999.98 6.35 6.35 0.5 0 1002693570 125,000.00 6.475 6.475 0.5 0 1002693721 280,000.00 6.525 6.525 0.5 0 1002834482 463,999.99 6.65 6.65 0.5 0 1002834516 387,000.00 7.55 7.55 0.5 0 1002834865 360,990.79 6.95 6.95 0.5 0 1002834990 187,999.99 6.5 6.5 0.5 0 0000000000 278,000.00 6.75 6.75 0.5 0 1002835604 369,000.00 7.25 7.25 0.5 0 1002835757 290,000.00 5.8 5.8 0.5 0 1002835793 296,000.00 6.4 6.4 0.5 0 1002797977 145,792.00 7.125 7.125 0.5 0 1002798011 276,000.00 6 6 0.5 0 1002798173 256,000.00 5.85 5.85 0.5 0 1002798397 196,000.00 7.625 7.625 0.5 0 1002798468 139,992.48 6.825 6.825 0.5 0 1002798510 456,000.00 6.25 6.25 0.5 0 1002798538 315,999.98 6.4 6.4 0.5 0 1002798672 280,000.00 6.5 6.5 0.5 0 1003045715 319,920.00 6.68 6.68 0.5 0 1003045822 111,999.99 6.85 6.85 0.5 0 1003045920 328,000.00 5.99 5.99 0.5 0 1003045948 453,200.00 6.49 6.49 0.5 0 1003046019 503,000.00 5.25 5.25 0.5 0 0000000000 520,000.00 5.99 5.99 0.5 0 1003046108 432,000.00 5.875 5.875 0.5 0 1002695658 116,000.00 6.988 6.988 0.5 0 1002696194 216,000.00 7.1 7.1 0.5 0 1002696274 303,999.98 5.875 5.875 0.5 0 1002696336 472,499.98 7.75 7.75 0.5 0 1002697022 260,800.00 6.9 6.9 0.5 0 1002697763 650,000.00 6.85 6.85 0.5 0 1002698860 229,520.00 6.85 6.85 0.5 0 1002983301 119,200.00 6.8 6.8 0.5 0 1002983668 92,000.00 7.375 7.375 0.5 0 1002983711 313,859.99 6.775 6.775 0.5 0 1002983766 270,000.00 6.85 6.85 0.5 0 1002984104 439,200.00 5.4 5.4 0.5 0 0000000000 247,200.00 5.99 5.99 0.5 0 1002984300 212,000.00 7.53 7.53 0.5 0 1002799145 270,400.00 5.825 5.825 0.5 0 1002799671 328,500.00 6.3 6.3 0.5 0 1002799788 243,200.00 6.99 6.99 0.5 0 1002800106 323,498.16 7 7 0.5 0 1002800277 497,250.00 7.275 7.275 0.5 0 1002800543 176,000.00 5.85 5.85 0.5 0 1002801720 387,999.99 7.963 7.963 0.5 0 1002801926 234,000.00 8.513 8.513 0.5 0 1002802033 204,000.00 6.75 6.75 0.5 0 1002802355 199,999.98 6.2 6.2 0.5 0 1002802541 271,999.99 6.2 6.2 0.5 0 0000000000 216,000.00 6.875 6.875 0.5 0 1002802792 519,999.98 6.49 6.49 0.5 0 1002802890 175,999.99 7.1 7.1 0.5 0 0000000000 386,297.70 7.42 7.42 0.5 0 1002800785 500,000.00 6.625 6.625 0.5 0 1002801061 399,331.53 6.5 6.5 0.5 0 1002801294 388,000.00 6.825 6.825 0.5 0 1002801427 226,399.98 6.5 6.5 0.5 0 1002801436 214,400.00 6.675 6.675 0.5 0 1002801506 171,200.00 7.375 7.375 0.5 0 1002801579 191,959.76 7.25 7.25 0.5 0 1002805469 235,165.00 6 6 0.5 0 1002805682 189,600.00 6.85 6.85 0.5 0 1002805708 264,000.00 6.95 6.95 0.5 0 1002805753 212,800.00 6.5 6.5 0.5 0 1002805922 331,546.00 5.75 5.75 0.5 0 1002806280 287,959.97 6.825 6.825 0.5 0 1002806431 192,000.00 5.375 5.375 0.5 0 1002806716 252,000.00 6.875 6.875 0.5 0 1002802989 382,499.99 7.35 7.35 0.5 0 1002803130 103,969.74 7.73 7.73 0.5 0 1002803247 403,999.98 5.75 5.75 0.5 0 1002803443 292,499.98 5.55 5.55 0.5 0 1002803764 240,000.00 5.975 5.975 0.5 0 1002803808 120,458.44 6.425 6.425 0.5 0 1002804834 320,000.00 6.19 6.19 0.5 0 1002805030 128,000.00 6.25 6.25 0.5 0 1002808144 352,000.00 7.25 7.25 0.5 0 0000000000 171,900.00 7.95 7.95 0.5 0 1002808475 343,200.00 6.775 6.775 0.5 0 1002808572 190,800.00 7.725 7.725 0.5 0 1002808590 143,920.00 7.275 7.275 0.5 0 1002808821 265,499.99 7.85 7.85 0.5 0 1002808849 207,978.32 7.375 7.375 0.5 0 1002808956 364,000.00 5.25 5.25 0.5 0 1002806752 116,539.98 6.55 6.55 0.5 0 1002806878 638,799.41 6.99 6.99 0.5 0 1002806921 113,600.00 7.23 7.23 0.5 0 1002807065 372,000.00 6.775 6.775 0.5 0 1002807369 199,991.96 5.775 5.775 0.5 0 1002807993 247,999.98 6.875 6.875 0.5 0 1002808019 290,000.00 6.85 6.85 0.5 0 1002808108 388,000.00 6.875 6.875 0.5 0 0000000000 151,953.93 7.275 7.275 0.5 0 1002809447 360,000.00 6.7 6.7 0.5 0 1002809571 193,500.00 6.4 6.4 0.5 0 1002809820 256,000.00 7.1 7.1 0.5 0 1002810239 284,000.00 6.99 6.99 0.5 0 1002810300 69,900.00 6.675 6.675 0.5 0 1002810444 303,731.96 4.99 4.99 0.5 0 1002810603 372,000.00 6.1 6.1 0.5 0 1002810881 124,000.00 6.75 6.75 0.5 0 1002811238 352,000.00 6.575 6.575 0.5 0 1002811906 344,000.00 6 6 0.5 0 1002811979 188,379.00 7.5 7.5 0.5 0 0000000000 98,400.00 6.75 6.75 0.5 0 1002812488 244,000.00 5.6 5.6 0.5 0 1002812807 331,200.00 6.575 6.575 0.5 0 1002812816 252,000.00 7.45 7.45 0.5 0 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211,999.99 8.675 8.675 0.5 0 1002821352 124,000.00 6.9 6.9 0.5 0 0000000000 308,000.00 6.75 6.75 0.5 0 1002821619 611,099.98 6.25 6.25 0.5 0 1002819258 336,000.00 5.75 5.75 0.5 0 1002819383 181,457.00 7.15 7.15 0.5 0 1002819686 400,000.00 6.5 6.5 0.5 0 1002820120 296,000.00 6.25 6.25 0.5 0 1002820139 326,953.32 5.75 5.75 0.5 0 1002820335 153,000.00 5.8 5.8 0.5 0 1002820344 382,500.00 6.75 6.75 0.5 0 0000000000 228,000.00 6.025 6.025 0.5 0 0000000000 106,800.00 7.825 7.825 0.5 0 1002822011 411,999.99 6.25 6.25 0.5 0 1002822084 400,000.00 6.875 6.875 0.5 0 1002822191 181,766.40 6.5 6.5 0.5 0 1002822440 448,000.00 5.85 5.85 0.5 0 1002822690 310,250.00 6.35 6.35 0.5 0 1002822743 109,982.23 6 6 0.5 0 0000000000 356,000.00 6.15 6.15 0.5 0 1002824199 279,920.00 7.325 7.325 0.5 0 1002824368 189,000.00 6.85 6.85 0.5 0 1002824439 199,999.99 5.99 5.99 0.5 0 1002824448 234,400.00 7.325 7.325 0.5 0 1002824956 325,979.98 6.825 6.825 0.5 0 1002825214 475,998.00 7.15 7.15 0.5 0 1002825241 291,918.61 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108,000.00 6.775 6.775 0.5 0 1002838718 126,000.00 7.75 7.75 0.5 0 1002839192 70,000.00 6.075 6.075 0.5 0 1002839762 291,999.98 5.875 5.875 0.5 0 1002840162 323,999.85 6.53 6.53 0.5 0 1002840661 387,999.16 6.65 6.65 0.5 0 1002790091 228,000.00 7.15 7.15 0.5 0 1002791045 207,999.98 6.4 6.4 0.5 0 0000000000 163,999.99 7.325 7.325 0.5 0 1002791278 148,000.00 6.99 6.99 0.5 0 0000000000 235,958.26 7.075 7.075 0.5 0 1002791919 298,288.00 7.825 7.825 0.5 0 0000000000 186,344.72 7.075 7.075 0.5 0 1002792044 219,999.98 5.98 5.98 0.5 0 1002841866 324,999.98 5.99 5.99 0.5 0 1002842124 375,972.25 6.99 6.99 0.5 0 1002842455 96,799.98 6.5 6.5 0.5 0 1002842507 147,957.91 6.75 6.75 0.5 0 1002842838 172,000.00 5.99 5.99 0.5 0 1002843007 447,919.58 6.375 6.375 0.5 0 1002843150 159,194.00 6.375 6.375 0.5 0 1002840885 236,487.99 7.25 7.25 0.5 0 1002840992 372,000.00 6.75 6.75 0.5 0 0000000000 365,499.99 7.425 7.425 0.5 0 1002841161 238,499.99 7.525 7.525 0.5 0 1002841376 256,000.00 8.025 8.025 0.5 0 1002841599 157,600.00 6.99 6.99 0.5 0 1002841688 205,999.99 8 8 0.5 0 1002844998 151,999.99 6.275 6.275 0.5 0 1002845096 153,600.00 6.4 6.4 0.5 0 1002845238 259,200.00 7.075 7.075 0.5 0 1002845452 356,000.00 6.625 6.625 0.5 0 0000000000 398,279.00 5.875 5.875 0.5 0 1002845666 205,000.00 5.95 5.95 0.5 0 1002845728 454,400.00 5.5 5.5 0.5 0 1002846228 156,000.00 7.225 7.225 0.5 0 0000000000 269,706.01 6.45 6.45 0.5 0 0000000000 148,000.00 7.125 7.125 0.5 0 1002843506 283,496.08 6.8 6.8 0.5 0 1002843515 148,000.00 6.625 6.625 0.5 0 1002844104 221,600.00 6.39 6.39 0.5 0 1002844168 289,983.38 5.75 5.75 0.5 0 0000000000 395,000.00 5.825 5.825 0.5 0 1002844872 378,000.00 6.775 6.775 0.5 0 1002848011 126,000.00 6.075 6.075 0.5 0 1002848191 176,000.00 6.25 6.25 0.5 0 1002848208 179,200.00 6.99 6.99 0.5 0 1002848468 547,200.00 6.475 6.475 0.5 0 1002848547 285,000.00 5.6 5.6 0.5 0 1002848556 367,200.00 5.6 5.6 0.5 0 0000000000 198,249.50 6.05 6.05 0.5 0 1002848976 211,200.00 6.25 6.25 0.5 0 1002846264 275,599.99 6.925 6.925 0.5 0 1002846399 188,099.98 6.325 6.325 0.5 0 0000000000 288,000.00 6.625 6.625 0.5 0 1002846530 229,500.00 8.7 8.7 0.5 0 1002846718 148,800.00 7.15 7.15 0.5 0 1002846790 184,800.00 6.12 6.12 0.5 0 1002847539 218,308.88 6.35 6.35 0.5 0 1002847628 331,999.98 5.75 5.75 0.5 0 0000000000 271,899.97 6.625 6.625 0.5 0 1002849948 200,000.00 6.825 6.825 0.5 0 1002850016 268,000.00 6 6 0.5 0 0000000000 159,000.00 7.85 7.85 0.5 0 1002850196 474,000.00 6.55 6.55 0.5 0 1002850427 105,516.98 7.225 7.225 0.5 0 1002850775 185,996.16 6.7 6.7 0.5 0 1002850819 361,600.00 6.1 6.1 0.5 0 1002849083 275,192.00 5.81 5.81 0.5 0 1002849145 168,300.00 7.1 7.1 0.5 0 1002849154 152,800.00 6.725 6.725 0.5 0 1002849172 280,000.00 6.99 6.99 0.5 0 1002849332 292,000.00 6.15 6.15 0.5 0 1002849449 479,199.98 5.5 5.5 0.5 0 1002849680 380,000.00 6.4 6.4 0.5 0 1002849868 329,600.00 6.7 6.7 0.5 0 1002852416 178,800.00 5.975 5.975 0.5 0 1002852522 314,998.97 6.99 6.99 0.5 0 1002852755 168,000.00 5.3 5.3 0.5 0 1002852906 521,505.98 6.75 6.75 0.5 0 1002853059 104,207.98 7.3 7.3 0.5 0 1002853380 266,395.19 7 7 0.5 0 1002853479 288,000.00 5.45 5.45 0.5 0 1002853825 313,943.13 6.25 6.25 0.5 0 1002850917 309,600.00 6.975 6.975 0.5 0 1002851051 364,500.01 6.7 6.7 0.5 0 1002851514 474,300.00 6.99 6.99 0.5 0 1002851523 281,056.66 5.775 5.775 0.5 0 1002851729 123,199.98 6.725 6.725 0.5 0 1002851854 441,000.00 7.5 7.5 0.5 0 1002852041 270,000.00 7.1 7.1 0.5 0 1002852274 407,895.98 6.125 6.125 0.5 0 1002854968 217,600.00 6.99 6.99 0.5 0 1002855351 208,000.00 6.5 6.5 0.5 0 1002855495 138,240.00 6.3 6.3 0.5 0 1002855654 214,699.97 6.625 6.625 0.5 0 1002855663 401,945.00 6.2 6.2 0.5 0 1002855869 370,999.97 6.5 6.5 0.5 0 1002856154 230,000.00 6.7 6.7 0.5 0 1002857714 163,600.00 6.925 6.925 0.5 0 1002857901 341,000.00 5.25 5.25 0.5 0 1002858063 315,999.97 5.95 5.95 0.5 0 1002858232 381,335.18 5.775 5.775 0.5 0 1002858376 486,000.00 7.825 7.825 0.5 0 1002858866 594,000.00 6.55 6.55 0.5 0 1002859419 104,000.00 8.375 8.375 0.5 0 1002856225 335,899.49 6.125 6.125 0.5 0 1002856332 297,000.00 5.7 5.7 0.5 0 1002856467 167,958.53 5.925 5.925 0.5 0 1002856564 485,988.57 6.75 6.75 0.5 0 1002856715 225,000.00 6.4 6.4 0.5 0 1002857073 326,000.00 6.15 6.15 0.5 0 1002857457 455,200.00 6.375 6.375 0.5 0 1002861497 248,000.00 5.85 5.85 0.5 0 0000000000 328,000.00 6.5 6.5 0.5 0 1002861996 267,819.99 6.575 6.575 0.5 0 1002862806 239,400.00 7.05 7.05 0.5 0 1002863333 314,500.00 7.875 7.875 0.5 0 1002863351 280,000.00 6.75 6.75 0.5 0 1002859437 174,400.00 7.563 7.563 0.5 0 1002859749 209,378.00 6.8 6.8 0.5 0 1002859945 228,000.00 6.85 6.85 0.5 0 1002860103 114,294.65 7.3 7.3 0.5 0 1002860443 273,502.74 6 6 0.5 0 1002860899 220,000.00 7.4 7.4 0.5 0 1002864154 307,700.00 6.8 6.8 0.5 0 1002864270 360,000.00 8.45 8.45 0.5 0 1002864430 217,800.00 7.575 7.575 0.5 0 1002864626 289,000.00 5.75 5.75 0.5 0 1002864680 236,000.00 6.49 6.49 0.5 0 1002864715 107,891.08 6.425 6.425 0.5 0 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332,500.00 6.35 6.35 0.5 0 1002869079 268,000.00 6.75 6.75 0.5 0 1002869168 150,000.00 6.525 6.525 0.5 0 0000000000 117,199.98 7.55 7.55 0.5 0 1002867801 199,520.00 6.55 6.55 0.5 0 1002868007 296,000.00 6.25 6.25 0.5 0 1002868025 239,200.00 6.99 6.99 0.5 0 1002868221 360,000.00 5.875 5.875 0.5 0 1002868686 109,600.00 7.5 7.5 0.5 0 1002868695 158,240.00 7.4 7.4 0.5 0 1002868702 279,923.76 6.5 6.5 0.5 0 1002868757 168,000.00 7.175 7.175 0.5 0 1002871002 170,320.00 6.863 6.863 0.5 0 1002871128 391,000.00 6.99 6.99 0.5 0 1002871324 268,199.70 7.3 7.3 0.5 0 1002871342 280,000.00 6.5 6.5 0.5 0 1002872047 435,000.00 6.24 6.24 0.5 0 1002872252 292,500.00 8.5 8.5 0.5 0 1002872261 297,499.99 7.9 7.9 0.5 0 1002872859 138,843.98 5.65 5.65 0.5 0 1002869676 252,874.98 6.625 6.625 0.5 0 1002870012 308,800.00 7.625 7.625 0.5 0 1002870218 298,093.30 5.99 5.99 0.5 0 1002870398 100,800.00 7.375 7.375 0.5 0 1002870414 224,999.98 7.375 7.375 0.5 0 1002870557 390,000.00 6.138 6.138 0.5 0 1002870726 279,919.99 6.5 6.5 0.5 0 1002870824 206,343.80 6.5 6.5 0.5 0 1002875188 400,000.00 6.5 6.5 0.5 0 1002875259 380,000.00 6.375 6.375 0.5 0 1002875400 280,000.00 6.5 6.5 0.5 0 1002875455 242,909.99 6.55 6.55 0.5 0 1002875491 228,000.00 6.375 6.375 0.5 0 1002875838 195,997.57 7.975 7.975 0.5 0 1002876141 237,200.00 7.5 7.5 0.5 0 1002876409 241,599.99 6.7 6.7 0.5 0 1002873466 432,000.00 5.875 5.875 0.5 0 1002873518 370,000.00 6.75 6.75 0.5 0 1002873652 495,998.31 6.25 6.25 0.5 0 1002874116 631,999.98 5.375 5.375 0.5 0 1002874599 525,999.98 5.65 5.65 0.5 0 1002874651 369,000.00 6.725 6.725 0.5 0 1002874955 258,399.98 6.625 6.625 0.5 0 1002875017 198,100.00 5.99 5.99 0.5 0 0000000000 324,000.00 5.9 5.9 0.5 0 1002876926 408,000.00 5.5 5.5 0.5 0 0000000000 199,898.88 5.99 5.99 0.5 0 1002877097 270,000.00 5.8 5.8 0.5 0 1002877220 419,999.43 6.875 6.875 0.5 0 0000000000 319,999.97 5.9 5.9 0.5 0 1002877319 280,000.00 5.9 5.9 0.5 0 1002877480 291,200.00 5.5 5.5 0.5 0 1002876463 155,000.00 6.99 6.99 0.5 0 1002876481 300,000.00 6.15 6.15 0.5 0 1002876490 247,433.75 6.425 6.425 0.5 0 1002876524 150,300.00 7.1 7.1 0.5 0 1002876631 184,654.15 6.888 6.888 0.5 0 1002876686 290,309.25 7.5 7.5 0.5 0 1002876720 415,920.00 5.5 5.5 0.5 0 1002876775 476,000.00 5.25 5.25 0.5 0 1002878657 200,000.00 6.825 6.825 0.5 0 1002879317 191,200.00 7.575 7.575 0.5 0 1002879326 304,000.00 6.975 6.975 0.5 0 1002879353 158,400.00 6.275 6.275 0.5 0 1002879665 376,000.00 6.5 6.5 0.5 0 1002879683 303,090.66 5.325 5.325 0.5 0 1002879745 404,057.74 7.3 7.3 0.5 0 1002879790 339,999.98 6.625 6.625 0.5 0 1002877729 360,000.00 6.5 6.5 0.5 0 1002877989 226,400.00 6.99 6.99 0.5 0 1002878005 244,800.00 6.5 6.5 0.5 0 1002878014 319,920.00 5.7 5.7 0.5 0 0000000000 198,000.00 6.2 6.2 0.5 0 0000000000 308,000.00 6.37 6.37 0.5 0 1002878309 300,000.00 6.4 6.4 0.5 0 1002881359 138,800.00 6.425 6.425 0.5 0 1002881572 168,300.00 8.275 8.275 0.5 0 1002882429 360,000.00 6.025 6.025 0.5 0 1002882447 208,000.00 7.475 7.475 0.5 0 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1002887530 608,000.00 5.875 5.875 0.5 0 1002887601 147,500.00 7.025 7.025 0.5 0 0000000000 87,199.99 6.2 6.2 0.5 0 1002888520 367,200.00 6.3 6.3 0.5 0 1002888655 320,000.00 6.625 6.625 0.5 0 1002888673 332,000.00 6.75 6.75 0.5 0 1002886201 432,000.00 5.75 5.75 0.5 0 1002886318 243,000.00 6.99 6.99 0.5 0 1002886498 151,500.00 6 6 0.5 0 1002886684 280,611.00 6.925 6.925 0.5 0 1002886700 148,410.00 9.325 9.325 0.5 0 1002886737 184,000.00 6.99 6.99 0.5 0 1002886844 219,999.98 7 7 0.5 0 1002889752 357,600.00 6.625 6.625 0.5 0 1002889841 372,000.00 5.7 5.7 0.5 0 1002889949 358,075.00 5.375 5.375 0.5 0 0000000000 464,000.00 5.725 5.725 0.5 0 1002890072 260,524.54 5.525 5.525 0.5 0 1002890269 240,000.00 6.775 6.775 0.5 0 1002890376 260,000.00 6.99 6.99 0.5 0 1002890465 175,500.00 6.99 6.99 0.5 0 1002888691 507,999.98 6.625 6.625 0.5 0 1002888833 415,999.98 5.75 5.75 0.5 0 1002889191 585,000.00 6.3 6.3 0.5 0 1002889217 320,000.00 5.875 5.875 0.5 0 0000000000 427,999.99 6.875 6.875 0.5 0 1002889556 308,000.00 6.525 6.525 0.5 0 1002889574 207,999.99 7 7 0.5 0 1002889663 580,000.00 6.125 6.125 0.5 0 0000000000 243,999.98 6.85 6.85 0.5 0 1002896968 333,000.00 7.99 7.99 0.5 0 1002897057 369,000.00 6.5 6.5 0.5 0 1002897075 251,999.98 6.34 6.34 0.5 0 1002897262 160,800.00 6.75 6.75 0.5 0 1002897280 176,000.00 6.025 6.025 0.5 0 1002897360 440,000.00 5.95 5.95 0.5 0 1002895317 374,000.00 6.25 6.25 0.5 0 1002895683 463,999.98 5.9 5.9 0.5 0 1002895745 141,200.00 7.575 7.575 0.5 0 1002895772 259,991.74 6 6 0.5 0 0000000000 232,000.00 6.375 6.375 0.5 0 0000000000 208,000.00 5.99 5.99 0.5 0 1002896263 331,000.00 5.99 5.99 0.5 0 1002896398 349,999.99 6.65 6.65 0.5 0 0000000000 132,751.98 6.85 6.85 0.5 0 1002899199 259,999.98 5.75 5.75 0.5 0 1002899215 218,211.98 6.25 6.25 0.5 0 1002899279 251,199.98 7.075 7.075 0.5 0 1002899297 201,000.00 6.5 6.5 0.5 0 1002899386 463,250.00 7.24 7.24 0.5 0 1002899484 236,000.00 6.85 6.85 0.5 0 1002899714 463,500.00 5.99 5.99 0.5 0 1002897379 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0.5 0 1002955029 287,919.97 6.99 6.99 0.5 0 1002955127 123,299.98 6.375 6.375 0.5 0 1002955190 344,000.00 6.25 6.25 0.5 0 1002955225 459,200.00 6.85 6.85 0.5 0 1002955243 392,000.00 6.25 6.25 0.5 0 1002953842 275,200.00 6.9 6.9 0.5 0 1002953904 146,400.00 6.95 6.95 0.5 0 1002954011 451,999.98 5.9 5.9 0.5 0 1002954137 284,000.00 6.75 6.75 0.5 0 1002954413 303,199.98 8.075 8.075 0.5 0 1002954556 348,377.23 5.85 5.85 0.5 0 1002956304 432,000.00 5.25 5.25 0.5 0 1002956457 300,499.97 6.25 6.25 0.5 0 1002956572 135,830.00 6.2 6.2 0.5 0 1002956714 131,222.66 6.15 6.15 0.5 0 1002956741 451,999.97 5.99 5.99 0.5 0 1002956787 238,400.00 6.6 6.6 0.5 0 1002957018 142,500.00 7.5 7.5 0.5 0 0000000000 130,800.00 7.325 7.325 0.5 0 1002955378 131,960.00 6.5 6.5 0.5 0 1002955458 283,500.00 6.8 6.8 0.5 0 1002955546 315,000.00 6.2 6.2 0.5 0 1002955564 119,000.00 5.525 5.525 0.5 0 1002955582 162,699.98 5.99 5.99 0.5 0 1002955859 499,999.98 5.99 5.99 0.5 0 1002956046 296,000.00 5.95 5.95 0.5 0 1002956108 283,999.98 6.125 6.125 0.5 0 1002958552 149,440.00 7.025 7.025 0.5 0 1002958598 151,959.98 6.175 6.175 0.5 0 1002958614 400,000.00 5.99 5.99 0.5 0 0000000000 268,000.00 5.99 5.99 0.5 0 1002958758 513,000.00 7.5 7.5 0.5 0 1002958776 183,999.98 7.15 7.15 0.5 0 1002958865 106,400.00 7.99 7.99 0.5 0 1002958954 143,000.00 6.35 6.35 0.5 0 1002957143 576,000.00 5.375 5.375 0.5 0 1002957330 227,999.42 8.075 8.075 0.5 0 1002957429 147,840.00 7.475 7.475 0.5 0 1002958419 226,000.00 8.25 8.25 0.5 0 1002958428 416,000.00 6.99 6.99 0.5 0 0000000000 260,000.00 5.25 5.25 0.5 0 0000000000 442,000.00 6.99 6.99 0.5 0 1002959169 356,000.00 6.7 6.7 0.5 0 1002959212 215,040.00 6.5 6.5 0.5 0 0000000000 449,975.00 5.8 5.8 0.5 0 1002959748 143,992.00 7.75 7.75 0.5 0 1002960674 260,249.97 5.99 5.99 0.5 0 1002960781 191,920.00 7.99 7.99 0.5 0 1002960816 340,000.00 5.99 5.99 0.5 0 1002962262 585,000.00 6.99 6.99 0.5 0 1002962306 288,000.00 6.75 6.75 0.5 0 1002962379 262,500.00 5.25 5.25 0.5 0 1002962547 120,800.00 6.9 6.9 0.5 0 1002962654 82,999.99 8.35 8.35 0.5 0 1002962663 133,600.00 6.875 6.875 0.5 0 1002962734 472,000.00 6.825 6.825 0.5 0 1002960941 277,600.00 5.85 5.85 0.5 0 1002961049 396,000.00 6.5 6.5 0.5 0 1002961254 163,500.00 6.9 6.9 0.5 0 1002961263 418,499.98 6.55 6.55 0.5 0 1002961405 312,000.00 6.75 6.75 0.5 0 1002961753 280,000.00 6.2 6.2 0.5 0 1002961897 232,800.00 7.25 7.25 0.5 0 1002963813 148,000.00 5.99 5.99 0.5 0 0000000000 331,999.98 5.99 5.99 0.5 0 1002963911 171,999.97 6.625 6.625 0.5 0 1002964046 350,160.00 5.85 5.85 0.5 0 1002964242 308,000.00 6.8 6.8 0.5 0 1002964331 630,800.00 6.125 6.125 0.5 0 1002964395 164,000.00 6.1 6.1 0.5 0 1002964402 177,200.00 6.73 6.73 0.5 0 1002962743 168,000.00 6.99 6.99 0.5 0 1002962798 99,970.88 6.99 6.99 0.5 0 1002963065 116,799.98 6.175 6.175 0.5 0 1002963289 511,999.98 5.75 5.75 0.5 0 1002963369 97,685.00 6.65 6.65 0.5 0 1002963485 270,000.00 7.3 7.3 0.5 0 1002963733 207,938.68 7.075 7.075 0.5 0 1002965143 468,000.00 7.375 7.375 0.5 0 1002965367 261,000.00 5.7 5.7 0.5 0 1002965376 312,000.00 6.825 6.825 0.5 0 1002965802 272,000.00 6.4 6.4 0.5 0 1002965811 293,600.00 5.875 5.875 0.5 0 1002965875 471,200.00 6.625 6.625 0.5 0 0000000000 425,280.00 6.575 6.575 0.5 0 1002965991 549,000.00 6.6 6.6 0.5 0 1002964527 215,920.00 6.95 6.95 0.5 0 1002964536 276,000.00 5.725 5.725 0.5 0 0000000000 195,000.00 6.25 6.25 0.5 0 1002964705 271,999.13 6.25 6.25 0.5 0 1002964812 526,498.82 5.6 5.6 0.5 0 1002964938 316,800.00 5.9 5.9 0.5 0 1002965009 148,800.00 6.875 6.875 0.5 0 1002965045 290,000.00 6.113 6.113 0.5 0 1002966838 399,999.98 6.25 6.25 0.5 0 1002966865 425,000.00 6.4 6.4 0.5 0 1002966972 440,000.00 6.2 6.2 0.5 0 1002966990 151,971.98 6.625 6.625 0.5 0 1002967285 103,200.00 7.5 7.5 0.5 0 0000000000 109,464.89 8 8 0.5 0 1002967506 313,600.00 5.8 5.8 0.5 0 1002966008 353,000.00 5.4 5.4 0.5 0 1002966026 142,840.00 8.825 8.825 0.5 0 1002966080 491,570.45 5.75 5.75 0.5 0 1002966106 336,000.00 6.45 6.45 0.5 0 1002966320 420,720.00 6.975 6.975 0.5 0 1002966393 161,250.00 7.275 7.275 0.5 0 1002966507 163,999.99 6.35 6.35 0.5 0 1002966687 749,999.00 5.55 5.55 0.5 0 1002968453 448,000.00 6.75 6.75 0.5 0 1002968685 147,154.63 6.8 6.8 0.5 0 1002968710 184,611.99 8.33 8.33 0.5 0 1002968907 175,920.00 7.05 7.05 0.5 0 1002969014 271,852.59 5.95 5.95 0.5 0 1002969247 276,000.00 7.625 7.625 0.5 0 1002969755 128,400.00 7.825 7.825 0.5 0 1002970002 121,600.00 7.65 7.65 0.5 0 1002967695 247,921.48 7.55 7.55 0.5 0 1002967766 123,999.84 6.625 6.625 0.5 0 1002967800 112,499.98 6.75 6.75 0.5 0 1002967917 242,399.52 6.49 6.49 0.5 0 1002967953 339,999.99 7.225 7.225 0.5 0 1002968006 172,000.00 6.99 6.99 0.5 0 1002968248 263,500.00 6.2 6.2 0.5 0 1002971341 180,000.00 6.625 6.625 0.5 0 1002971537 183,750.00 7.5 7.5 0.5 0 1002971671 355,200.00 7.85 7.85 0.5 0 1002971902 85,600.00 5.625 5.625 0.5 0 1002972073 369,000.00 6.75 6.75 0.5 0 1002972466 100,719.98 6.99 6.99 0.5 0 1002972787 360,000.00 6.725 6.725 0.5 0 1002970128 255,000.00 7.25 7.25 0.5 0 1002970271 259,999.98 6.563 6.563 0.5 0 1002970397 191,050.00 5.675 5.675 0.5 0 1002970681 169,360.00 7.275 7.275 0.5 0 1002971010 257,600.00 5.7 5.7 0.5 0 0000000000 240,000.00 7.4 7.4 0.5 0 1002971270 293,164.98 5.3 5.3 0.5 0 1002973811 236,060.99 5.775 5.775 0.5 0 1002973848 255,999.98 5.92 5.92 0.5 0 1002974204 191,995.17 5.99 5.99 0.5 0 1002974213 256,500.00 7.7 7.7 0.5 0 1002974268 247,200.00 6.775 6.775 0.5 0 1002974428 397,799.99 7.075 7.075 0.5 0 1002974491 213,200.00 7.875 7.875 0.5 0 0000000000 160,232.00 6.475 6.475 0.5 0 1002972894 312,000.00 6.65 6.65 0.5 0 1002972983 364,499.98 6.95 6.95 0.5 0 1002973045 395,000.00 5.25 5.25 0.5 0 0000000000 235,200.00 7.225 7.225 0.5 0 1002973312 132,300.00 6.6 6.6 0.5 0 1002973580 199,999.98 6.5 6.5 0.5 0 1002973642 364,500.00 6.125 6.125 0.5 0 0000000000 172,000.00 6.05 6.05 0.5 0 1002976257 206,704.31 5.99 5.99 0.5 0 1002976293 255,600.00 6.825 6.825 0.5 0 1002976337 92,800.00 6.575 6.575 0.5 0 1002976514 268,800.00 6.6 6.6 0.5 0 0000000000 191,999.90 6.295 6.295 0.5 0 1002976676 405,000.00 5.95 5.95 0.5 0 1002976701 283,999.33 6.5 6.5 0.5 0 1002976907 292,000.00 6.75 6.75 0.5 0 1002974810 166,441.20 7.9 7.9 0.5 0 1002975169 126,387.02 5.73 5.73 0.5 0 1002975267 259,919.98 6.99 6.99 0.5 0 1002975445 184,000.00 7.2 7.2 0.5 0 1002975481 357,600.00 6.25 6.25 0.5 0 0000000000 377,100.00 7.75 7.75 0.5 0 1002975908 152,000.00 7.3 7.3 0.5 0 0000000000 399,887.29 6.725 6.725 0.5 0 1002977979 441,000.00 7.9 7.9 0.5 0 1002977997 428,800.00 7.875 7.875 0.5 0 1002978031 382,000.00 6.2 6.2 0.5 0 1002978228 266,988.72 6.75 6.75 0.5 0 1002978353 367,200.00 5.99 5.99 0.5 0 1002978549 217,899.98 8.3 8.3 0.5 0 1002978567 420,000.00 5.5 5.5 0.5 0 1002978834 316,000.00 5.85 5.85 0.5 0 1002976989 266,400.00 6.025 6.025 0.5 0 1002977149 396,000.00 6.825 6.825 0.5 0 0000000000 223,999.99 5.99 5.99 0.5 0 1002977336 190,000.00 7.525 7.525 0.5 0 0000000000 204,000.00 6.55 6.55 0.5 0 1002977443 169,400.00 7.35 7.35 0.5 0 1002977577 364,000.00 6.95 6.95 0.5 0 1002977853 206,151.11 7.22 7.22 0.5 0 1002979977 248,000.00 6.75 6.75 0.5 0 1002980046 143,920.00 6.65 6.65 0.5 0 1002980368 259,250.00 6.6 6.6 0.5 0 0000000000 412,199.99 6.375 6.375 0.5 0 1002980420 210,000.00 5.65 5.65 0.5 0 1002980652 268,000.00 5.85 5.85 0.5 0 1002979012 337,000.00 7.45 7.45 0.5 0 1002979192 179,439.77 8 8 0.5 0 1002979245 384,000.00 5.65 5.65 0.5 0 1002979325 363,749.98 6.5 6.5 0.5 0 1002979370 542,750.00 5.4 5.4 0.5 0 1002979557 320,800.00 6.5 6.5 0.5 0 1002979904 408,499.99 7.35 7.35 0.5 0 1002981580 217,599.92 6.7 6.7 0.5 0 1002981731 231,388.06 6.55 6.55 0.5 0 1002981848 400,000.00 6.725 6.725 0.5 0 1002982026 155,610.00 8.575 8.575 0.5 0 1002982179 220,000.00 6.65 6.65 0.5 0 1002982302 198,049.98 7.325 7.325 0.5 0 1002982348 159,999.99 6.25 6.25 0.5 0 1002982437 140,000.00 6.79 6.79 0.5 0 1002980661 400,000.00 6.99 6.99 0.5 0 1002980821 172,000.00 5.25 5.25 0.5 0 1002981036 118,399.99 6.275 6.275 0.5 0 1002981205 150,000.00 7.375 7.375 0.5 0 1002981269 310,000.00 7.225 7.225 0.5 0 1002981312 372,000.00 5.99 5.99 0.5 0 1002981429 206,549.99 6.75 6.75 0.5 0 1002981553 263,000.00 7.25 7.25 0.5 0 1003001593 334,706.00 7.375 7.375 0.5 0 1003001682 207,999.99 5.95 5.95 0.5 0 1003001806 596,979.31 5.5 5.5 0.5 0 1003001842 220,000.00 6.225 6.225 0.5 0 1003001931 143,599.98 6.5 6.5 0.5 0 1003001940 500,000.00 5.75 5.75 0.5 0 0000000000 132,900.00 5.75 5.75 0.5 0 1003000736 236,800.00 6.875 6.875 0.5 0 1003001227 407,200.00 6.05 6.05 0.5 0 1003001281 463,499.99 7.525 7.525 0.5 0 1003001478 163,000.00 5.425 5.425 0.5 0 1003001557 297,000.00 5.25 5.25 0.5 0 1003001584 320,799.99 6.625 6.625 0.5 0 1002704522 324,000.00 7.575 7.575 0.5 0 0000000000 130,400.00 6.25 6.25 0.5 0 0000000000 229,500.00 7.7 7.7 0.5 0 1002705086 247,938.70 5.875 5.875 0.5 0 1002705433 202,000.00 6.575 6.575 0.5 0 0000000000 305,000.00 5.85 5.85 0.5 0 1002705932 219,999.99 6.4 6.4 0.5 0 1002706478 278,999.99 6.05 6.05 0.5 0 1002709135 187,264.00 5.75 5.75 0.5 0 1002709260 439,999.99 6.5 6.5 0.5 0 1002709493 520,000.00 6.65 6.65 0.5 0 1002709689 184,500.00 9.2 9.2 0.5 0 1002709769 109,970.58 6.33 6.33 0.5 0 1002709901 165,600.00 7.875 7.875 0.5 0 1002710034 128,000.00 7.15 7.15 0.5 0 1002706520 467,200.00 5.99 5.99 0.5 0 1002707299 270,400.00 7.125 7.125 0.5 0 1002707841 456,000.00 5.925 5.925 0.5 0 1002707976 471,311.98 5.375 5.375 0.5 0 1002708029 244,000.00 6.9 6.9 0.5 0 1002708136 436,712.98 7.125 7.125 0.5 0 0000000000 476,000.00 6.99 6.99 0.5 0 1002713353 372,000.00 5.99 5.99 0.5 0 1002713433 319,999.98 6.125 6.125 0.5 0 1002713683 535,500.00 6.35 6.35 0.5 0 1002714058 255,491.98 5.85 5.85 0.5 0 1002714094 189,000.00 6.9 6.9 0.5 0 1002714101 416,000.00 6.4 6.4 0.5 0 0000000000 260,400.00 6.25 6.25 0.5 0 1002710427 251,600.00 6 6 0.5 0 1002710481 423,748.13 5.875 5.875 0.5 0 1002710613 590,599.99 5.725 5.725 0.5 0 1002710631 223,999.98 6.125 6.125 0.5 0 0000000000 184,800.00 6.2 6.2 0.5 0 1002711961 446,400.00 5.75 5.75 0.5 0 1002712265 387,000.00 6.25 6.25 0.5 0 1002712880 148,000.00 6.5 6.5 0.5 0 1002716626 240,000.00 6.55 6.55 0.5 0 1002716822 542,999.98 6.125 6.125 0.5 0 1002717297 290,000.00 5.35 5.35 0.5 0 1002717992 183,200.00 6.625 6.625 0.5 0 1002718205 211,999.99 6.95 6.95 0.5 0 1002719099 414,999.98 6.05 6.05 0.5 0 1002719366 196,000.00 6.675 6.675 0.5 0 1002720087 384,000.00 7.125 7.125 0.5 0 1002714414 227,795.38 8.425 8.425 0.5 0 1002714423 175,499.12 8.25 8.25 0.5 0 1002714904 224,000.00 5.75 5.75 0.5 0 1002714940 388,800.00 6.5 6.5 0.5 0 1002715510 420,000.00 7.3 7.3 0.5 0 1002716154 369,999.98 6.725 6.725 0.5 0 1002716207 472,000.00 7.25 7.25 0.5 0 1002716396 508,500.00 6 6 0.5 0 1002722619 325,599.98 6.85 6.85 0.5 0 1002722968 374,652.21 6.325 6.325 0.5 0 1002723155 379,000.00 5.7 5.7 0.5 0 0000000000 121,600.00 6.99 6.99 0.5 0 1002723743 180,000.00 6.75 6.75 0.5 0 1002724617 97,500.00 7.4 7.4 0.5 0 1002724902 179,245.33 6.525 6.525 0.5 0 1002720309 352,000.00 6.99 6.99 0.5 0 1002721095 204,000.00 6.8 6.8 0.5 0 1002721905 288,800.00 6.525 6.525 0.5 0 1002722049 89,586.28 7.375 7.375 0.5 0 1002722085 392,000.00 5.5 5.5 0.5 0 1002722520 364,899.56 5.25 5.25 0.5 0 0000000000 277,589.02 6.99 6.99 0.5 0 1002728640 256,000.00 6.675 6.675 0.5 0 1002728926 487,999.99 7.625 7.625 0.5 0 1002729159 156,000.00 6.85 6.85 0.5 0 1002729471 143,920.00 7.55 7.55 0.5 0 1002729621 227,999.64 7.225 7.225 0.5 0 1002729701 146,400.00 6.25 6.25 0.5 0 0000000000 190,000.00 5.9 5.9 0.5 0 0000000000 345,199.99 6.325 6.325 0.5 0 1002726474 192,000.00 8.2 8.2 0.5 0 0000000000 369,999.99 6.25 6.25 0.5 0 0000000000 498,999.98 5.8 5.8 0.5 0 1002728043 171,400.00 6.1 6.1 0.5 0 1002728374 243,000.00 7.7 7.7 0.5 0 1002728533 243,750.00 7.125 7.125 0.5 0 1002731690 159,999.98 7.375 7.375 0.5 0 1002732136 164,000.00 7.275 7.275 0.5 0 0000000000 256,000.00 7.125 7.125 0.5 0 1002733698 249,520.00 6.65 6.65 0.5 0 1002734081 440,400.00 5.725 5.725 0.5 0 1002729916 320,000.00 5.5 5.5 0.5 0 1002730432 268,000.00 5.775 5.775 0.5 0 1002730469 135,000.00 7.85 7.85 0.5 0 0000000000 314,400.00 7.125 7.125 0.5 0 1002730824 395,199.98 7.525 7.525 0.5 0 1002731048 274,999.98 5.9 5.9 0.5 0 1002731128 370,000.00 5.85 5.85 0.5 0 1002731538 338,351.98 6.43 6.43 0.5 0 1002740065 372,000.00 6.5 6.5 0.5 0 1002740289 99,120.00 6.325 6.325 0.5 0 1002740555 208,000.00 7 7 0.5 0 1002740742 217,600.00 7.25 7.25 0.5 0 1002740760 214,400.00 6.975 6.975 0.5 0 1002741448 156,000.00 6.15 6.15 0.5 0 1002741572 223,917.71 6.625 6.625 0.5 0 0000000000 455,000.00 6 6 0.5 0 0000000000 250,000.00 6.15 6.15 0.5 0 1002737186 292,000.00 7.55 7.55 0.5 0 1002737211 480,000.00 5.65 5.65 0.5 0 1002737417 211,798.98 6.1 6.1 0.5 0 1002737505 252,000.00 8.1 8.1 0.5 0 1002738194 216,000.00 6.69 6.69 0.5 0 0000000000 257,599.98 6.875 6.875 0.5 0 1002985416 267,499.98 6.1 6.1 0.5 0 1002985498 86,319.98 7.775 7.775 0.5 0 1002985648 385,000.00 6.1 6.1 0.5 0 1002985666 139,999.98 7.475 7.475 0.5 0 1002986031 99,200.00 6.85 6.85 0.5 0 0000000000 247,500.00 5.6 5.6 0.5 0 1002986255 108,399.98 6.875 6.875 0.5 0 1002986594 124,000.00 6.425 6.425 0.5 0 1002984328 96,399.98 7.088 7.088 0.5 0 1002984603 233,522.21 7.25 7.25 0.5 0 1002984756 360,000.00 6.9 6.9 0.5 0 1002984836 257,268.98 6.175 6.175 0.5 0 1002984925 391,899.98 5.75 5.75 0.5 0 1002985005 463,000.00 6.15 6.15 0.5 0 1002985050 300,000.00 5.975 5.975 0.5 0 1002985130 275,920.00 6.475 6.475 0.5 0 1002986674 219,200.00 5.95 5.95 0.5 0 1002987717 264,800.00 7.375 7.375 0.5 0 1002988039 423,199.98 5.825 5.825 0.5 0 1002988137 308,750.00 6.99 6.99 0.5 0 1002988182 348,000.00 7.075 7.075 0.5 0 1002988191 280,000.00 6.5 6.5 0.5 0 1002989332 292,000.00 6.75 6.75 0.5 0 1002989635 679,999.99 7.1 7.1 0.5 0 1002989742 296,896.04 6.6 6.6 0.5 0 1002989966 253,300.00 6.75 6.75 0.5 0 1002990151 274,400.00 5.9 5.9 0.5 0 1002990268 210,000.00 7.55 7.55 0.5 0 1002990311 359,894.54 6.99 6.99 0.5 0 1002988253 248,000.00 6.99 6.99 0.5 0 1002988468 430,391.98 6.125 6.125 0.5 0 1002988618 272,000.00 5.5 5.5 0.5 0 1002989163 379,999.99 5.99 5.99 0.5 0 1002989190 292,499.99 6.95 6.95 0.5 0 1002989225 443,699.99 6.35 6.35 0.5 0 1002989305 364,000.00 5.375 5.375 0.5 0 1002991855 360,000.00 7.05 7.05 0.5 0 1002991873 170,390.90 6.45 6.45 0.5 0 1002992890 420,000.00 5.875 5.875 0.5 0 1002993327 330,650.00 6.225 6.225 0.5 0 1002993522 63,375.00 5.35 5.35 0.5 0 1002994433 192,000.00 6.35 6.35 0.5 0 1002990339 317,000.00 6.65 6.65 0.5 0 1002990446 146,400.00 7.375 7.375 0.5 0 1002990614 239,372.00 6.575 6.575 0.5 0 0000000000 444,000.00 7.45 7.45 0.5 0 1002991490 241,520.00 6.375 6.375 0.5 0 1002991766 424,199.20 6.65 6.65 0.5 0 1002991784 293,040.00 6 6 0.5 0 1002995138 311,199.99 5.85 5.85 0.5 0 1002995343 440,000.00 6.15 6.15 0.5 0 1002995487 307,999.99 7.025 7.025 0.5 0 1002995753 132,937.25 5.83 5.83 0.5 0 1002995780 202,500.00 8.225 8.225 0.5 0 1002995806 279,999.98 6.25 6.25 0.5 0 1002994460 141,439.99 6.8 6.8 0.5 0 1002994488 274,429.60 7.65 7.65 0.5 0 1002994549 112,000.00 6.65 6.65 0.5 0 1002994754 252,000.00 6.99 6.99 0.5 0 1002994843 267,999.99 6.625 6.625 0.5 0 1002994870 431,200.00 6.5 6.5 0.5 0 1002995058 160,000.00 6.99 6.99 0.5 0 1002997065 180,000.00 6.5 6.5 0.5 0 1002997234 172,000.00 7.1 7.1 0.5 0 1002997476 155,961.07 5.99 5.99 0.5 0 1002997573 497,500.00 6.39 6.39 0.5 0 1002997662 244,000.00 8.225 8.225 0.5 0 1002997671 351,000.00 6.75 6.75 0.5 0 1002995879 343,000.00 6.35 6.35 0.5 0 1002995940 208,000.00 6.5 6.5 0.5 0 1002995968 588,000.00 6.6 6.6 0.5 0 1002996155 176,689.82 7.75 7.75 0.5 0 1002996547 528,000.00 6.025 6.025 0.5 0 1002996645 101,969.51 7.175 7.175 0.5 0 1002996814 365,000.00 5.375 5.375 0.5 0 1002998359 495,919.98 5.98 5.98 0.5 0 1002998484 111,999.99 7.675 7.675 0.5 0 1002998545 365,500.00 7.25 7.25 0.5 0 1002998769 280,000.00 6.99 6.99 0.5 0 1002998803 396,000.00 6.875 6.875 0.5 0 1002998821 386,950.00 6.7 6.7 0.5 0 0000000000 304,999.98 5.95 5.95 0.5 0 0000000000 210,000.00 5.3 5.3 0.5 0 1002997877 188,000.00 6.99 6.99 0.5 0 1002998046 441,000.00 6.25 6.25 0.5 0 0000000000 359,200.00 8.075 8.075 0.5 0 1002998082 227,700.00 6.05 6.05 0.5 0 1002998153 175,900.15 6.8 6.8 0.5 0 1002998322 595,999.99 6.5 6.5 0.5 0 1002999900 221,248.29 5.6 5.6 0.5 0 1002999928 408,749.81 7.7 7.7 0.5 0 1003000111 342,000.00 6 6 0.5 0 1003000246 316,000.00 6.15 6.15 0.5 0 0000000000 256,000.00 6.5 6.5 0.5 0 0000000000 276,000.00 6.4 6.4 0.5 0 0000000000 421,599.99 7.75 7.75 0.5 0 1002998983 390,400.00 6.25 6.25 0.5 0 1002999027 261,900.00 6.95 6.95 0.5 0 1002999045 515,782.96 6.375 6.375 0.5 0 1002999125 451,999.98 6.275 6.275 0.5 0 1002999312 386,000.00 7.5 7.5 0.5 0 1002999651 345,600.00 6.75 6.75 0.5 0 1002999759 224,800.00 6.25 6.25 0.5 0 1002999884 347,250.00 5.75 5.75 0.5 0 0000000000 152,000.00 6.688 6.688 0.5 0 1003003323 220,498.18 5.99 5.99 0.5 0 1003003332 117,599.39 6.65 6.65 0.5 0 1003003430 240,000.00 5.05 5.05 0.5 0 1003003449 124,000.00 7.475 7.475 0.5 0 1003003671 139,200.00 6.325 6.325 0.5 0 1003002048 227,000.00 5.7 5.7 0.5 0 1003002306 210,399.98 6.25 6.25 0.5 0 1003002333 140,000.00 6.925 6.925 0.5 0 1003002440 188,800.00 8.625 8.625 0.5 0 1003002716 380,000.00 5.65 5.65 0.5 0 1003002725 187,399.84 7.03 7.03 0.5 0 1003009728 336,000.00 5.99 5.99 0.5 0 1003009826 164,400.00 7.275 7.275 0.5 0 1003009924 168,799.98 7.1 7.1 0.5 0 0000000000 248,169.70 6.75 6.75 0.5 0 1003009979 367,999.99 5.99 5.99 0.5 0 0000000000 101,569.30 7.25 7.25 0.5 0 1003008765 423,894.18 5.99 5.99 0.5 0 1003008774 301,600.00 6.375 6.375 0.5 0 0000000000 186,889.31 8.55 8.55 0.5 0 1003009345 240,799.98 5.75 5.75 0.5 0 0000000000 309,999.99 6.4 6.4 0.5 0 1003009489 464,000.00 5.875 5.875 0.5 0 1003009504 285,499.44 6.5 6.5 0.5 0 0000000000 319,499.99 6.65 6.65 0.5 0 0000000000 441,000.00 6.99 6.99 0.5 0 1003011751 319,499.26 5.99 5.99 0.5 0 1003011797 196,000.00 6.675 6.675 0.5 0 1003011877 205,250.00 6.65 6.65 0.5 0 1003011957 256,000.00 5.6 5.6 0.5 0 1003010592 207,900.00 5.99 5.99 0.5 0 1003010672 169,996.02 5.7 5.7 0.5 0 1003010930 134,963.72 6.45 6.45 0.5 0 1003011038 140,800.00 6.85 6.85 0.5 0 1003011243 164,799.98 7.03 7.03 0.5 0 1003011378 351,199.98 5.99 5.99 0.5 0 1003012723 252,000.00 6.925 6.925 0.5 0 1003012732 198,000.00 6.85 6.85 0.5 0 1003013081 139,200.00 7.55 7.55 0.5 0 1003013250 130,000.00 6.93 6.93 0.5 0 1003013599 220,800.00 6.925 6.925 0.5 0 0000000000 375,000.00 5.9 5.9 0.5 0 1003012304 180,899.98 8.525 8.525 0.5 0 1003012554 360,000.00 8.7 8.7 0.5 0 1003012563 312,000.00 6.99 6.99 0.5 0 1003031249 539,099.54 7.5 7.5 0.5 0 1003031267 264,000.00 6.45 6.45 0.5 0 0000000000 195,499.99 6.625 6.625 0.5 0 1003031365 432,000.00 8.225 8.225 0.5 0 1003031383 249,000.00 6.65 6.65 0.5 0 1003031506 121,600.00 6.35 6.35 0.5 0 1003031677 239,959.99 6.475 6.475 0.5 0 1003015221 209,401.65 6.875 6.875 0.5 0 1003015418 161,608.00 7.6 7.6 0.5 0 1003015677 147,000.00 5.85 5.85 0.5 0 1003015720 160,000.00 6.975 6.975 0.5 0 1003032532 318,499.99 7.3 7.3 0.5 0 1003032701 371,908.55 5.9 5.9 0.5 0 1003032747 244,000.00 6.125 6.125 0.5 0 1003032907 360,000.00 6.225 6.225 0.5 0 1003032961 216,000.00 5.9 5.9 0.5 0 1003033087 256,992.86 5.99 5.99 0.5 0 1003033201 246,400.00 6.375 6.375 0.5 0 1003031748 480,000.00 6.375 6.375 0.5 0 1003032006 240,000.00 6.75 6.75 0.5 0 1003032159 279,000.00 7.24 7.24 0.5 0 1003032195 340,000.00 6.35 6.35 0.5 0 1003032364 222,400.00 6.8 6.8 0.5 0 1003032417 110,400.00 6.375 6.375 0.5 0 0000000000 150,400.00 8.375 8.375 0.5 0 1003036734 359,809.75 6 6 0.5 0 1003036789 349,980.98 6.375 6.375 0.5 0 1003036841 183,191.99 8.2 8.2 0.5 0 1003037010 409,500.00 5.575 5.575 0.5 0 1003037225 240,000.00 6.763 6.763 0.5 0 1003034433 144,000.00 7.15 7.15 0.5 0 1003035691 150,300.00 8 8 0.5 0 1003035806 196,000.00 6.5 6.5 0.5 0 1003036093 224,800.00 7.95 7.95 0.5 0 1003036360 120,000.00 6.775 6.775 0.5 0 1003036592 267,766.83 6.55 6.55 0.5 0 0000000000 168,800.00 6.375 6.375 0.5 0 1003048197 369,000.00 5.8 5.8 0.5 0 1003048366 304,000.00 6 6 0.5 0 1003048393 150,320.00 6.575 6.575 0.5 0 1003048473 191,919.98 5.65 5.65 0.5 0 1003048678 95,200.00 5.925 5.925 0.5 0 1003048712 324,000.00 6.75 6.75 0.5 0 1003048758 336,000.00 6.45 6.45 0.5 0 1003037966 449,100.00 5.35 5.35 0.5 0 1003038313 360,800.00 8 8 0.5 0 1003038509 396,000.00 7.125 7.125 0.5 0 1003038545 519,999.50 6.375 6.375 0.5 0 1003038572 514,249.50 6.65 6.65 0.5 0 1003038643 206,800.00 5.55 5.55 0.5 0 1003038867 192,000.00 7.025 7.025 0.5 0 1003049472 388,000.00 6.99 6.99 0.5 0 1003049597 272,000.00 6.3 6.3 0.5 0 1003049819 192,000.00 7.075 7.075 0.5 0 1003049944 220,000.00 5.4 5.4 0.5 0 1003049962 148,989.10 6.688 6.688 0.5 0 1003050405 252,000.00 6.8 6.8 0.5 0 1003050450 387,999.99 6.625 6.625 0.5 0 0000000000 366,400.00 5.75 5.75 0.5 0 1003048865 235,999.33 5.99 5.99 0.5 0 1003048918 332,000.00 7.825 7.825 0.5 0 1003049052 307,999.99 6.125 6.125 0.5 0 1003049196 207,988.79 6.45 6.45 0.5 0 1003049267 292,000.00 5.385 5.385 0.5 0 0000000000 259,200.00 5.625 5.625 0.5 0 1003049356 220,499.99 5.75 5.75 0.5 0 0000000000 99,999.99 6.925 6.925 0.5 0 1003050726 164,800.00 6.5 6.5 0.5 0 1003050995 315,000.00 6.5 6.5 0.5 0 1003051011 172,000.00 6.8 6.8 0.5 0 1003051583 476,000.00 6.25 6.25 0.5 0 0000000000 460,800.00 8.675 8.675 0.5 0 1003053563 296,000.00 6.4 6.4 0.5 0 1003053634 556,750.00 6.1 6.1 0.5 0 1003053796 307,920.00 6.725 6.725 0.5 0 1003054063 210,400.00 7.475 7.475 0.5 0 0000000000 172,800.00 6.6 6.6 0.5 0 0000000000 240,000.00 6.65 6.65 0.5 0 1003054250 159,199.97 6.875 6.875 0.5 0 1003054367 377,900.00 6.25 6.25 0.5 0 1003051752 228,000.00 6.875 6.875 0.5 0 1003051912 238,000.00 6.15 6.15 0.5 0 1003052733 187,599.99 5.825 5.825 0.5 0 1003052797 187,147.68 7.425 7.425 0.5 0 1003053260 475,900.00 6.25 6.25 0.5 0 1003053279 238,500.00 6.5 6.5 0.5 0 1003053368 166,349.32 7.175 7.175 0.5 0 1003054474 151,999.98 7.025 7.025 0.5 0 1003054606 484,000.00 6.29 6.29 0.5 0 1003054633 189,000.00 6.6 6.6 0.5 0 1003054660 123,989.39 7.525 7.525 0.5 0 1003054731 175,999.99 6.2 6.2 0.5 0 1003054740 167,075.20 8.15 8.15 0.5 0 1003054919 191,919.99 7.3 7.3 0.5 0 1003054955 268,000.00 5.6 5.6 0.5 0 1003056472 112,000.00 6.425 6.425 0.5 0 1003056542 277,014.99 6.8 6.8 0.5 0 1003056739 150,800.00 7.475 7.475 0.5 0 0000000000 111,600.00 8.8 8.8 0.5 0 1003056971 275,199.99 7.075 7.075 0.5 0 1003057211 240,000.00 6.45 6.45 0.5 0 1003057300 312,000.00 5.975 5.975 0.5 0 1003057444 315,000.00 7.05 7.05 0.5 0 1002742214 232,500.00 7.1 7.1 0.5 0 0000000000 247,500.00 7.1 7.1 0.5 0 1002742492 499,900.00 7.05 7.05 0.5 0 1002742544 138,400.00 8.225 8.225 0.5 0 1002742642 396,000.00 6 6 0.5 0 0000000000 172,751.85 6.65 6.65 0.5 0 1002743302 409,600.00 6 6 0.5 0 1002744935 543,999.98 5.65 5.65 0.5 0 1002745550 180,000.00 5.99 5.99 0.5 0 1002745809 329,600.00 5.775 5.775 0.5 0 0000000000 384,000.00 6.575 6.575 0.5 0 1002746014 288,000.00 6.55 6.55 0.5 0 1002746210 400,750.00 7 7 0.5 0 1002747166 159,999.99 6.7 6.7 0.5 0 1002743384 221,600.00 6.375 6.375 0.5 0 1002743696 135,200.00 6.625 6.625 0.5 0 1002743776 294,399.66 6.5 6.5 0.5 0 1002743892 333,000.00 6.1 6.1 0.5 0 0000000000 405,000.00 6.35 6.35 0.5 0 1002744579 439,200.00 6.99 6.99 0.5 0 1002744622 467,473.80 5.75 5.75 0.5 0 1002744739 320,000.00 6.525 6.525 0.5 0 0000000000 369,868.06 5.74 5.74 0.5 0 1002749271 581,600.00 5.25 5.25 0.5 0 1002749440 168,800.00 6.35 6.35 0.5 0 1002749547 467,040.00 7 7 0.5 0 1002749869 320,000.00 6.25 6.25 0.5 0 1002750918 388,000.00 6.99 6.99 0.5 0 1002751472 442,630.00 6.5 6.5 0.5 0 1002747674 109,798.58 5.99 5.99 0.5 0 1002747683 163,200.00 6.225 6.225 0.5 0 1002748012 230,400.00 6.75 6.75 0.5 0 1002748094 520,000.00 6.375 6.375 0.5 0 1002748129 255,985.62 6.25 6.25 0.5 0 1002748138 113,520.00 7.025 7.025 0.5 0 1002748165 98,400.00 6.2 6.2 0.5 0 1002748405 75,500.00 7.45 7.45 0.5 0 1002752747 192,000.00 7.325 7.325 0.5 0 1002752881 271,200.00 6.25 6.25 0.5 0 1002752998 366,678.44 6 6 0.5 0 0000000000 340,800.00 7.45 7.45 0.5 0 1002753130 216,000.00 7.575 7.575 0.5 0 1002753229 175,999.98 6.65 6.65 0.5 0 1002753504 285,999.99 5.95 5.95 0.5 0 1002753522 233,200.00 5.75 5.75 0.5 0 1002751668 106,993.07 5.59 5.59 0.5 0 1002751855 250,000.00 6.5 6.5 0.5 0 1002751953 451,999.97 5.525 5.525 0.5 0 1002752426 403,200.00 5.625 5.625 0.5 0 1002752569 238,134.54 6.15 6.15 0.5 0 0000000000 248,000.00 8.25 8.25 0.5 0 0000000000 276,800.00 7.525 7.525 0.5 0 1002752738 283,920.00 6.325 6.325 0.5 0 1002755646 192,000.00 6.725 6.725 0.5 0 1002755799 179,199.94 6.775 6.775 0.5 0 1002756985 151,999.10 6 6 0.5 0 1002757010 185,000.00 8.1 8.1 0.5 0 1002757181 314,400.00 6.325 6.325 0.5 0 1002757190 156,000.00 6.25 6.25 0.5 0 1002757314 308,000.00 6.1 6.1 0.5 0 1002753559 100,750.00 7.55 7.55 0.5 0 1002753648 327,999.98 5.5 5.5 0.5 0 1002753666 150,800.00 7.575 7.575 0.5 0 1002753791 192,000.00 6.525 6.525 0.5 0 1002753988 331,760.00 6.525 6.525 0.5 0 1002755487 190,351.17 6.625 6.625 0.5 0 1002760505 318,400.00 7.08 7.08 0.5 0 1002760532 338,400.00 6.5 6.5 0.5 0 0000000000 90,720.00 6.125 6.125 0.5 0 1002760747 224,391.00 8.45 8.45 0.5 0 1002760872 234,999.98 5.8 5.8 0.5 0 1002760998 220,500.00 6.7 6.7 0.5 0 1002761087 127,500.00 6.6 6.6 0.5 0 1002757591 263,250.00 5.3 5.3 0.5 0 1002758475 300,000.00 6.275 6.275 0.5 0 1002758563 295,999.98 6.575 6.575 0.5 0 1002758992 327,743.00 8.225 8.225 0.5 0 0000000000 219,999.98 9.025 9.025 0.5 0 1002759866 180,000.00 6.99 6.99 0.5 0 1002760015 324,000.00 6.925 6.925 0.5 0 1002760177 508,500.00 7.7 7.7 0.5 0 1002762362 206,400.00 6.85 6.85 0.5 0 1002762488 312,000.00 6.4 6.4 0.5 0 1002762503 236,000.00 5.85 5.85 0.5 0 1002762852 224,995.98 5.5 5.5 0.5 0 1002763227 231,999.99 7.375 7.375 0.5 0 1002763325 120,000.00 6.425 6.425 0.5 0 1002763780 475,000.00 5.95 5.95 0.5 0 1002763860 333,000.00 7.3 7.3 0.5 0 1002761274 142,020.00 6.99 6.99 0.5 0 1002761327 207,880.00 6.37 6.37 0.5 0 1002761345 101,191.98 5.725 5.725 0.5 0 1002761513 240,000.00 5.75 5.75 0.5 0 1002761871 259,920.00 5.85 5.85 0.5 0 1002762022 303,300.00 6.75 6.75 0.5 0 1002762095 260,999.99 5.975 5.975 0.5 0 1002762317 396,000.00 6.275 6.275 0.5 0 1002766938 99,000.00 7.738 7.738 0.5 0 1002767152 221,000.00 5.99 5.99 0.5 0 1002767429 107,200.00 7.025 7.025 0.5 0 1002767679 204,000.00 6.25 6.25 0.5 0 1002767713 279,999.98 7.45 7.45 0.5 0 1002768062 395,160.66 5.4 5.4 0.5 0 1002768231 450,499.98 5.925 5.925 0.5 0 1002768320 229,600.00 7.775 7.775 0.5 0 1002763879 134,038.98 7.34 7.34 0.5 0 0000000000 413,100.00 9.075 9.075 0.5 0 1002764583 328,000.00 7.25 7.25 0.5 0 0000000000 351,999.98 5.62 5.62 0.5 0 1002765092 204,000.00 5.975 5.975 0.5 0 1002766377 106,200.00 7.75 7.75 0.5 0 0000000000 335,000.00 6.6 6.6 0.5 0 1002766741 351,998.31 6.25 6.25 0.5 0 1002769294 420,000.00 6.038 6.038 0.5 0 0000000000 431,139.82 6.875 6.875 0.5 0 1002769766 157,499.98 6.25 6.25 0.5 0 1002769800 408,000.00 6.65 6.65 0.5 0 1002769873 243,999.98 5.65 5.65 0.5 0 1002769882 143,919.98 6.275 6.275 0.5 0 1002770077 458,400.00 6.65 6.65 0.5 0 0000000000 188,700.00 6.35 6.35 0.5 0 1002768393 132,000.00 7.3 7.3 0.5 0 1002768669 225,000.00 7.7 7.7 0.5 0 1002768767 452,928.41 6.5 6.5 0.5 0 1002768776 174,799.98 6.5 6.5 0.5 0 1002768874 424,999.98 5.9 5.9 0.5 0 1002769007 177,000.00 5.35 5.35 0.5 0 1002769114 235,999.99 8.375 8.375 0.5 0 1002769169 184,996.25 6.15 6.15 0.5 0 1002770326 139,999.98 6.5 6.5 0.5 0 1002770433 215,997.99 6.1 6.1 0.5 0 1002770665 439,960.00 6.99 6.99 0.5 0 1002770718 472,000.00 6.75 6.75 0.5 0 1002770763 459,000.00 7.35 7.35 0.5 0 1002770978 159,999.98 6.025 6.025 0.5 0 1002771209 395,991.98 7.275 7.275 0.5 0 1002771245 408,000.00 6.4 6.4 0.5 0 1002775492 111,999.90 6.9 6.9 0.5 0 1002775688 180,384.00 6.38 6.38 0.5 0 1002775973 163,999.98 6.425 6.425 0.5 0 1002776115 227,999.80 6.6 6.6 0.5 0 1002776277 295,200.00 6.25 6.25 0.5 0 0000000000 132,000.00 6.5 6.5 0.5 0 1002776776 191,250.00 6.85 6.85 0.5 0 1002777365 161,600.00 6.99 6.99 0.5 0 1002771691 262,400.00 6.25 6.25 0.5 0 1002771959 364,000.00 6.45 6.45 0.5 0 1002772057 315,999.98 7 7 0.5 0 1002772887 291,920.00 6.125 6.125 0.5 0 1002773001 204,000.00 5.95 5.95 0.5 0 1002773127 147,955.75 6.625 6.625 0.5 0 1002785855 310,999.98 6.8 6.8 0.5 0 1002786499 137,600.00 7.075 7.075 0.5 0 1002786836 199,999.67 7.75 7.75 0.5 0 1002787112 245,599.98 5.75 5.75 0.5 0 1002787292 314,999.57 7.2 7.2 0.5 0 1002787693 121,600.00 6.75 6.75 0.5 0 1002787924 246,000.00 7.75 7.75 0.5 0 1002784160 319,199.60 7.1 7.1 0.5 0 1002784437 271,829.47 7.5 7.5 0.5 0 1002784810 375,999.97 6.25 6.25 0.5 0 0000000000 132,800.00 6.225 6.225 0.5 0 1002785597 264,000.00 6.425 6.425 0.5 0 1002785686 177,559.00 6.063 6.063 0.5 0 1002792712 209,249.99 6.75 6.75 0.5 0 0000000000 199,999.98 6.5 6.5 0.5 0 1002792865 195,300.00 6.99 6.99 0.5 0 1002793098 250,000.00 7.25 7.25 0.5 0 1002793141 317,000.00 5.5 5.5 0.5 0 1002793258 306,000.00 6.9 6.9 0.5 0 1002793276 243,199.54 6.875 6.875 0.5 0 1002787960 133,600.00 5.85 5.85 0.5 0 1002788567 247,999.97 6.5 6.5 0.5 0 1002788638 413,725.38 5.4 5.4 0.5 0 1002788674 204,000.00 7.825 7.825 0.5 0 1002788763 192,000.00 6.75 6.75 0.5 0 1002789334 303,840.00 6.3 6.3 0.5 0 1002789959 301,499.99 5.25 5.25 0.5 0 1003055044 273,991.11 6.45 6.45 0.5 0 0000000000 217,895.99 7.875 7.875 0.5 0 1003055071 118,399.99 6.125 6.125 0.5 0 1003055160 380,700.00 7.4 7.4 0.5 0 1003055357 159,000.00 6.8 6.8 0.5 0 1003055543 345,400.00 6.25 6.25 0.5 0 1003055712 319,840.30 5.95 5.95 0.5 0 1003055758 233,999.37 7.125 7.125 0.5 0 1002796861 119,040.00 6.125 6.125 0.5 0 1002796923 324,000.00 5.675 5.675 0.5 0 1002797129 151,200.00 6.925 6.925 0.5 0 1002797370 468,000.00 7.475 7.475 0.5 0 1002797423 283,986.52 8 8 0.5 0 1002797575 147,920.00 6.825 6.825 0.5 0 1002797628 83,519.97 6.863 6.863 0.5 0 1003059059 424,000.00 7.413 7.413 0.5 0 1003059237 103,960.00 6.025 6.025 0.5 0 1003059291 157,500.00 6.3 6.3 0.5 0 0000000000 388,000.00 7.025 7.025 0.5 0 1003059629 80,000.00 6.675 6.675 0.5 0 1003059870 168,000.00 7.025 7.025 0.5 0 1003059905 307,999.99 6.2 6.2 0.5 0 1003060038 155,499.99 6.95 6.95 0.5 0 1003057612 108,000.00 6.95 6.95 0.5 0 1003058112 429,249.98 6.375 6.375 0.5 0 0000000000 153,750.00 7 7 0.5 0 1003058657 284,000.00 6.375 6.375 0.5 0 0000000000 122,776.00 7.075 7.075 0.5 0 1003058844 324,000.00 6.3 6.3 0.5 0 1003061386 280,000.00 6.5 6.5 0.5 0 1003061616 280,000.00 6.675 6.675 0.5 0 1003061643 171,000.00 7.95 7.95 0.5 0 1003061661 250,342.88 5.475 5.475 0.5 0 1003061956 494,400.00 5.88 5.88 0.5 0 1003062018 292,000.00 6.45 6.45 0.5 0 0000000000 85,600.00 6.6 6.6 0.5 0 0000000000 80,999.98 7.875 7.875 0.5 0 1003060626 276,799.98 5.99 5.99 0.5 0 1003060662 327,999.99 5.875 5.875 0.5 0 1003060699 272,000.00 6.375 6.375 0.5 0 1003060788 154,195.00 6.525 6.525 0.5 0 1003060813 231,919.99 6.475 6.475 0.5 0 1003060877 276,000.00 7.25 7.25 0.5 0 1003062857 468,000.00 6.375 6.375 0.5 0 1003062900 251,846.00 5.75 5.75 0.5 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5.925 0.5 0 1003065391 588,000.00 6.125 6.125 0.5 0 1003065408 177,212.00 5.575 5.575 0.5 0 1003068049 204,000.00 6.725 6.725 0.5 0 1003068067 216,900.00 7.5 7.5 0.5 0 1003068325 200,171.99 6.125 6.125 0.5 0 1003068575 398,799.99 7.025 7.025 0.5 0 1003068655 360,000.00 7.15 7.15 0.5 0 1003068824 327,999.99 6.4 6.4 0.5 0 1003068833 440,000.00 6.375 6.375 0.5 0 1003067077 327,999.33 7.45 7.45 0.5 0 0000000000 376,000.00 6.65 6.65 0.5 0 1003067479 389,000.00 5.5 5.5 0.5 0 1003067629 243,999.65 6.99 6.99 0.5 0 1003067647 217,600.00 6.75 6.75 0.5 0 1003067674 120,000.00 5.625 5.625 0.5 0 1003067736 107,599.99 6.65 6.65 0.5 0 1003070410 320,000.00 6.625 6.625 0.5 0 1003070599 462,399.89 6.875 6.875 0.5 0 1003070768 264,000.00 6.575 6.575 0.5 0 1003071320 182,400.00 7.55 7.55 0.5 0 1003071348 280,000.00 6.35 6.35 0.5 0 1003071437 464,000.00 5.875 5.875 0.5 0 1003071650 188,798.94 7.2 7.2 0.5 0 0000000000 420,000.00 5.99 5.99 0.5 0 1003069093 120,000.00 7.725 7.725 0.5 0 1003069119 311,611.99 7.325 7.325 0.5 0 1003069262 323,849.51 7.95 7.95 0.5 0 1003069333 233,600.00 6.625 6.625 0.5 0 1003069805 333,000.00 5.85 5.85 0.5 0 1003069958 343,999.99 6.5 6.5 0.5 0 1003070358 81,900.00 8.7 8.7 0.5 0 0000000000 146,699.99 6.85 6.85 0.5 0 1003072846 190,400.00 5.625 5.625 0.5 0 1003073122 475,999.99 6.875 6.875 0.5 0 1003073300 219,999.98 6.1 6.1 0.5 0 1003073391 174,400.00 7.175 7.175 0.5 0 1003073569 269,747.95 5.5 5.5 0.5 0 1003073738 615,200.00 5.475 5.475 0.5 0 1003073854 480,000.00 6.25 6.25 0.5 0 1003071678 412,000.00 6.725 6.725 0.5 0 1003071794 231,000.00 6.25 6.25 0.5 0 1003072052 215,600.00 6.825 6.825 0.5 0 1003072178 487,200.00 5.875 5.875 0.5 0 1003072258 267,999.25 6.525 6.525 0.5 0 1003072436 115,600.00 6.775 6.775 0.5 0 1003072579 290,000.00 5.85 5.85 0.5 0 1003072597 168,000.00 7.25 7.25 0.5 0 1003074979 147,956.65 6.99 6.99 0.5 0 1003075077 334,400.00 6.99 6.99 0.5 0 1003075291 382,400.00 6 6 0.5 0 1003075683 173,546.66 7.375 7.375 0.5 0 1003075745 225,000.00 6.9 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6.49 6.49 0.5 0 1003082960 247,425.23 7.25 7.25 0.5 0 1003083040 442,250.00 6.2 6.2 0.5 0 1003083308 489,600.00 5.6 5.6 0.5 0 1003083549 316,000.00 8.175 8.175 0.5 0 1003085182 109,999.99 6.8 6.8 0.5 0 1003085547 229,999.99 6.65 6.65 0.5 0 1003085690 304,000.00 6.4 6.4 0.5 0 1003086305 292,000.00 6.9 6.9 0.5 0 1003086314 154,398.57 6.2 6.2 0.5 0 1003086608 220,000.00 5.75 5.75 0.5 0 1003086671 308,000.00 6.55 6.55 0.5 0 1003086680 150,000.00 7.1 7.1 0.5 0 0000000000 289,599.99 6.488 6.488 0.5 0 1003088198 501,599.75 6.375 6.375 0.5 0 1003088465 256,500.00 7.575 7.575 0.5 0 1003088526 104,000.00 5.5 5.5 0.5 0 1003088786 344,799.99 7.99 7.99 0.5 0 1003088937 130,398.13 6.99 6.99 0.5 0 1003088955 473,446.08 7.75 7.75 0.5 0 1003089026 529,599.99 6.625 6.625 0.5 0 1003086733 332,000.00 6.45 6.45 0.5 0 1003087064 114,300.00 6.775 6.775 0.5 0 1003087108 355,000.00 5.95 5.95 0.5 0 1003087224 276,799.99 5.99 5.99 0.5 0 0000000000 380,000.00 5.4 5.4 0.5 0 1003087527 156,000.00 6.99 6.99 0.5 0 1003087803 135,000.00 5.9 5.9 0.5 0 1003087894 126,399.99 6.25 6.25 0.5 0 1003096731 153,200.00 6.75 6.75 0.5 0 1003096740 447,000.00 6.35 6.35 0.5 0 1003096795 185,000.00 5.795 5.795 0.5 0 1003096857 231,000.00 5.25 5.25 0.5 0 1003096866 494,999.99 6.325 6.325 0.5 0 1003096982 325,000.00 6.99 6.99 0.5 0 1003097222 453,000.00 7.2 7.2 0.5 0 1003097295 380,000.00 6.9 6.9 0.5 0 1003089035 195,999.99 6.25 6.25 0.5 0 1003089222 400,000.00 6.6 6.6 0.5 0 1003089302 390,000.00 7.99 7.99 0.5 0 1003089507 468,517.97 7.4 7.4 0.5 0 1003089712 395,200.00 6.725 6.725 0.5 0 1003089730 276,249.98 7.6 7.6 0.5 0 1003089767 279,919.99 6.625 6.625 0.5 0 1003089794 434,999.99 7.125 7.125 0.5 0 1002699182 400,000.00 7.325 7.325 0.5 0 1002699351 412,739.20 7.15 7.15 0.5 0 1002699672 250,399.98 6.8 6.8 0.5 0 1002699725 396,000.00 6.775 6.775 0.5 0 1002699789 215,999.50 6.975 6.975 0.5 0 1002699949 276,000.00 6.55 6.55 0.5 0 1002700517 185,600.00 7.225 7.225 0.5 0 1002700713 273,532.41 5.9 5.9 0.5 0 1002474174 320,999.42 6.975 6.975 0.5 0 1002474441 213,201.92 8.35 8.35 0.5 0 0000000000 633,510.00 6.99 6.99 0.5 0 1002481371 287,914.68 8.1 8.1 0.5 0 0000000000 103,999.57 7.25 7.25 0.5 0 1002486731 182,000.00 7.5 7.5 0.5 0 1002493484 204,467.50 6.575 6.575 0.5 0 1002497907 369,600.00 6.25 6.25 0.5 0 1002795489 168,000.00 6.825 6.825 0.5 0 1002795808 111,199.98 7.775 7.775 0.5 0 1002795951 223,999.99 6.5 6.5 0.5 0 1002796362 336,000.00 6.55 6.55 0.5 0 1002796399 311,199.75 6.225 6.225 0.5 0 1002796433 387,999.99 6.1 6.1 0.5 0 1002796521 244,000.00 5.9 5.9 0.5 0 1002796530 364,000.00 6.65 6.65 0.5 0 1002739077 270,000.00 5.99 5.99 0.5 0 1002739139 295,200.00 5.99 5.99 0.5 0 1002739291 87,920.00 7.275 7.275 0.5 0 1002739317 360,000.00 7.125 7.125 0.5 0 1002739399 279,999.20 5.7 5.7 0.5 0 1002739530 488,800.00 6.225 6.225 0.5 0 1002739861 599,200.00 6.375 6.375 0.5 0 0000000000 136,000.00 6.99 6.99 0.5 0 1002982552 147,999.49 6.5 6.5 0.5 0 1002982598 187,996.57 6.6 6.6 0.5 0 1002982721 214,273.91 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6.95 0.5 0 1003097687 196,800.00 6.4 6.4 0.5 0 1003097703 322,399.00 6.875 6.875 0.5 0 1003097749 388,000.00 6.275 6.275 0.5 0 1003098098 242,000.00 7.6 7.6 0.5 0 0000000000 283,000.00 6.2 6.2 0.5 0 1003094859 270,000.00 6.45 6.45 0.5 0 1003095689 207,199.98 6.125 6.125 0.5 0 1003095741 308,000.00 6.4 6.4 0.5 0 1003096036 174,749.99 6.45 6.45 0.5 0 1003096189 179,186.03 6.6 6.6 0.5 0 1003096321 243,999.99 6.025 6.025 0.5 0 1003096722 441,000.00 7.1 7.1 0.5 0 1003100753 225,536.55 6.75 6.75 0.5 0 1003100897 155,549.39 5.975 5.975 0.5 0 1003100995 285,600.00 5.85 5.85 0.5 0 0000000000 258,320.00 7.025 7.025 0.5 0 1003101280 372,000.00 6.4 6.4 0.5 0 1003101404 183,999.99 5.875 5.875 0.5 0 1003101468 113,597.35 6.3 6.3 0.5 0 1003098329 105,520.00 6.925 6.925 0.5 0 1003098338 268,773.68 5.875 5.875 0.5 0 1003098374 209,553.13 7.275 7.275 0.5 0 1003098882 124,000.00 7.425 7.425 0.5 0 1003099792 528,000.00 6.375 6.375 0.5 0 1003100129 202,499.98 6.525 6.525 0.5 0 1003100487 270,000.00 5.775 5.775 0.5 0 0000000000 216,000.00 7.45 7.45 0.5 0 0000000000 440,000.00 7.675 7.675 0.5 0 1003103206 145,600.00 6.2 6.2 0.5 0 1003103251 90,377.30 6.025 6.025 0.5 0 1003103297 308,000.00 6.15 6.15 0.5 0 1003101583 576,000.00 5.8 5.8 0.5 0 1003101618 254,000.00 7.475 7.475 0.5 0 1003101798 224,000.00 5.325 5.325 0.5 0 1003101903 119,999.94 5.625 5.625 0.5 0 1003101985 235,200.00 7.25 7.25 0.5 0 1003102029 150,400.00 6.825 6.825 0.5 0 0000000000 262,400.00 7.8 7.8 0.5 0 1003110993 340,800.00 6.45 6.45 0.5 0 1003111322 190,400.00 8.775 8.775 0.5 0 1003111448 452,000.00 6.3 6.3 0.5 0 1003111484 300,000.00 6.995 6.995 0.5 0 1003111714 211,937.07 7.125 7.125 0.5 0 1003111849 115,999.99 7.1 7.1 0.5 0 1003111965 252,000.00 7.875 7.875 0.5 0 1003104018 327,999.98 7.825 7.825 0.5 0 1003104189 424,000.00 6.5 6.5 0.5 0 1003104278 573,750.00 7.275 7.275 0.5 0 1003104296 303,991.98 7.675 7.675 0.5 0 1003104465 203,399.99 6.175 6.175 0.5 0 1003104526 283,934.25 5.625 5.625 0.5 0 1003132149 310,000.00 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254,982.10 6.75 6.75 0.5 0 1003138875 496,800.00 6.25 6.25 0.5 0 1003138955 175,999.98 7.7 7.7 0.5 0 1003139204 115,000.00 7.825 7.825 0.5 0 1003139357 352,000.00 6.95 6.95 0.5 0 1003140620 168,000.00 6.85 6.85 0.5 0 1003140675 511,200.00 7.625 7.625 0.5 0 1003145732 433,600.00 5.75 5.75 0.5 0 1003146027 280,320.00 5.875 5.875 0.5 0 1003146385 342,000.00 7.175 7.175 0.5 0 1003146526 355,000.00 5.35 5.35 0.5 0 1003146553 176,800.00 7.275 7.275 0.5 0 1003146900 222,400.00 6.825 6.825 0.5 0 1003147106 397,500.00 5.5 5.5 0.5 0 1003144350 467,499.99 8.156 8.156 0.5 0 0000000000 516,000.00 7.15 7.15 0.5 0 1003144476 312,000.00 6 6 0.5 0 1003144715 310,399.98 7.25 7.25 0.5 0 1003144840 147,544.98 6.65 6.65 0.5 0 1003144877 280,000.00 7.05 7.05 0.5 0 1003144966 329,599.99 5.75 5.75 0.5 0 1003155098 373,000.00 5.95 5.95 0.5 0 1003155267 198,000.00 7.55 7.55 0.5 0 1003155604 516,999.99 5.5 5.5 0.5 0 1003155613 399,999.99 5.875 5.875 0.5 0 1003156346 165,600.00 6.15 6.15 0.5 0 1003156364 338,400.00 6.05 6.05 0.5 0 1003147204 243,999.99 7.075 7.075 0.5 0 1003147801 232,000.00 7.925 7.925 0.5 0 1003148329 520,000.00 6.475 6.475 0.5 0 1003148944 180,000.00 6.75 6.75 0.5 0 1003149257 251,250.00 6.1 6.1 0.5 0 1003149391 120,000.00 6.875 6.875 0.5 0 0000000000 207,998.14 8.55 8.55 0.5 0 1003163490 199,997.74 5.625 5.625 0.5 0 0000000000 319,999.99 6.8 6.8 0.5 0 1003163739 332,800.00 6.99 6.99 0.5 0 1003163800 290,000.00 7.65 7.65 0.5 0 0000000000 480,000.00 5.5 5.5 0.5 0 1003164202 406,999.98 6.5 6.5 0.5 0 0000000000 356,000.00 6.76 6.76 0.5 0 1003157906 271,999.99 6.5 6.5 0.5 0 1003159263 198,000.00 6.25 6.25 0.5 0 1003160509 141,600.00 7.425 7.425 0.5 0 1003161107 147,855.50 5.85 5.85 0.5 0 1003161321 107,919.98 7.325 7.325 0.5 0 1003161900 127,600.00 8.125 8.125 0.5 0 1003163052 129,198.51 7.925 7.925 0.5 0 1003163212 199,999.80 6.99 6.99 0.5 0 1003167432 168,000.00 5.8 5.8 0.5 0 1003167664 304,999.99 5.95 5.95 0.5 0 1003168324 293,500.00 6.15 6.15 0.5 0 1003168743 271,200.00 6.725 6.725 0.5 0 1003168878 301,750.00 6.525 6.525 0.5 0 1003168958 163,999.99 7.175 7.175 0.5 0 1003170133 267,999.99 6.85 6.85 0.5 0 1003170437 100,000.00 7.125 7.125 0.5 0 1003164426 243,200.00 6.948 6.948 0.5 0 1003164471 320,000.00 6.625 6.625 0.5 0 1003164710 161,067.99 7.225 7.225 0.5 0 1003164783 152,000.00 6.963 6.963 0.5 0 1003165121 214,435.21 7.25 7.25 0.5 0 1003165265 189,000.00 6.7 6.7 0.5 0 1003165292 301,749.99 7.6 7.6 0.5 0 1003165336 327,999.99 7.6 7.6 0.5 0 1003173372 132,000.00 6.15 6.15 0.5 0 1003173880 420,000.00 6.5 6.5 0.5 0 1003174460 339,999.99 6.625 6.625 0.5 0 1003174790 177,600.00 7.3 7.3 0.5 0 1003174969 174,399.99 6.55 6.55 0.5 0 1003175245 147,199.98 6.95 6.95 0.5 0 1003175833 143,199.99 6.625 6.625 0.5 0 1003175913 183,000.00 6.75 6.75 0.5 0 1003170758 336,000.00 6.525 6.525 0.5 0 1003171533 423,199.99 7.25 7.25 0.5 0 1003172658 133,600.00 7.625 7.625 0.5 0 1003172872 254,400.00 6.95 6.95 0.5 0 1003173069 208,000.00 6.825 6.825 0.5 0 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0.5 0 1002254241 229,600.00 8.75 8.75 0.5 0 1002257649 228,000.00 7.5 7.5 0.5 0 1002649334 291,999.98 6.475 6.475 0.5 0 1002652533 179,200.00 6.9 6.9 0.5 0 1002652686 315,000.00 8.275 8.275 0.5 0 0000000000 156,880.00 7.875 7.875 0.5 0 1002652944 93,600.00 7.325 7.325 0.5 0 1002653738 231,199.98 6.8 6.8 0.5 0 1002654407 117,000.00 6.625 6.625 0.5 0 1002519206 132,000.00 6.725 6.725 0.5 0 1002519313 218,399.37 7.7 7.7 0.5 0 1002519484 408,000.00 6 6 0.5 0 1002519947 300,000.00 5.99 5.99 0.5 0 0000000000 170,967.55 7.5 7.5 0.5 0 1002523825 218,798.10 6.9 6.9 0.5 0 1002523852 199,999.98 5.75 5.75 0.5 0 1002527135 208,800.00 7.99 7.99 0.5 0 2156665 216,699.43 5.6 5.6 0.5 0 2196280 191,100.00 6.05 6.05 0.5 0 2196560 162,000.00 5.6 5.6 0.5 0 2197224 295,800.00 6.85 6.85 0.5 0 2172836 160,000.00 5.25 5.25 0.5 0 2197942 244,000.00 5.3 5.3 0.5 0 2198249 84,000.00 6.125 6.125 0.5 0 1002464531 164,095.97 7.1 7.1 0.5 0 1002465362 164,259.00 7.05 7.05 0.5 0 1002469242 336,000.00 5.25 5.25 0.5 0 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1002927809 228,649.99 7.65 7.65 0.5 0 1002928121 340,714.80 6 6 0.5 0 1002928274 369,999.98 5.5 5.5 0.5 0 0000000000 108,400.00 7.125 7.125 0.5 0 1002566128 248,000.00 6.6 6.6 0.5 0 1002571817 144,000.00 7.2 7.2 0.5 0 1002572601 113,584.07 7.6 7.6 0.5 0 1002573147 160,000.00 6.825 6.825 0.5 0 1002573673 272,000.00 5.85 5.85 0.5 0 1003037298 344,000.00 6.225 6.225 0.5 0 1003037430 375,920.00 6.9 6.9 0.5 0 1003037449 564,000.00 5.85 5.85 0.5 0 1003037537 289,520.00 6.875 6.875 0.5 0 1003037733 134,999.97 5.9 5.9 0.5 0 1003037902 99,999.98 6.325 6.325 0.5 0 1003003733 216,000.00 7.175 7.175 0.5 0 1003004073 264,000.00 6.025 6.025 0.5 0 1003004224 530,725.13 7.6 7.6 0.5 0 1003004242 143,959.80 6.7 6.7 0.5 0 1003004260 383,200.00 6.575 6.575 0.5 0 0000000000 262,399.98 5.975 5.975 0.5 0 1003004741 468,000.00 6.4 6.4 0.5 0 0000000000 280,000.00 7 7 0.5 0 1003040051 284,800.00 6.5 6.5 0.5 0 0000000000 153,000.00 6.4 6.4 0.5 0 1003040612 381,000.00 6.425 6.425 0.5 0 1003040630 139,999.99 7.925 7.925 0.5 0 1003040729 124,000.00 7.575 7.575 0.5 0 1003040872 470,975.05 6.875 6.875 0.5 0 0000000000 187,199.71 6.325 6.325 0.5 0 1002544250 363,999.99 6.55 6.55 0.5 0 1002545320 297,271.00 5.99 5.99 0.5 0 1002547998 212,000.00 6.4 6.4 0.5 0 1002548899 333,000.00 6.95 6.95 0.5 0 1002550028 336,000.00 5.3 5.3 0.5 0 1002550812 283,500.00 7.275 7.275 0.5 0 1002551081 288,000.00 7.075 7.075 0.5 0 1003007463 415,999.99 6.5 6.5 0.5 0 1003007481 216,000.00 8.275 8.275 0.5 0 1003007597 477,000.00 7.25 7.25 0.5 0 1003007604 164,000.00 6.25 6.25 0.5 0 1003007775 235,767.47 6.2 6.2 0.5 0 1003007828 364,999.99 6.5 6.5 0.5 0 1003007917 222,399.98 6.19 6.19 0.5 0 1003007999 180,000.00 7.95 7.95 0.5 0 1003008088 422,500.00 5.75 5.75 0.5 0 1003008168 224,000.00 6.1 6.1 0.5 0 1003008417 164,720.00 6.575 6.575 0.5 0 1003008621 278,700.00 6.65 6.65 0.5 0 1003008658 360,000.00 5.75 5.75 0.5 0 1003008738 300,000.00 5.75 5.75 0.5 0 1003040952 484,500.00 6.25 6.25 0.5 0 1003041247 219,991.62 6.5 6.5 0.5 0 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139,999.99 6.275 6.275 0.5 0 1003045298 339,999.99 5.65 5.65 0.5 0 1003045305 140,000.00 5.99 5.99 0.5 0 0000000000 331,999.99 5.75 5.75 0.5 0 1003043361 247,920.00 6.5 6.5 0.5 0 1003043450 336,000.00 7.075 7.075 0.5 0 1003043487 331,500.00 7.15 7.15 0.5 0 0000000000 345,600.00 6.775 6.775 0.5 0 1003043664 279,999.99 7.3 7.3 0.5 0 1003044075 255,999.99 6.475 6.475 0.5 0 1003186117 119,565.00 6.575 6.575 0.5 0 1003186475 142,000.00 7.225 7.225 0.5 0 1003186956 152,071.05 6.925 6.925 0.5 0 1003188115 204,750.00 5.95 5.95 0.5 0 1003188151 236,000.00 6.175 6.175 0.5 0 1003188188 295,900.00 5.75 5.75 0.5 0 1003179973 409,000.00 7.05 7.05 0.5 0 1003180319 459,999.99 6.25 6.25 0.5 0 1003180756 252,000.00 6.825 6.825 0.5 0 1003180854 310,000.00 7.25 7.25 0.5 0 1003180916 456,000.00 6.99 6.99 0.5 0 1003181014 243,000.00 6.9 6.9 0.5 0 1003181069 260,000.00 6 6 0.5 0 1003182184 258,399.99 6.025 6.025 0.5 0 1003188295 283,500.00 7 7 0.5 0 1003188348 239,919.99 5.99 5.99 0.5 0 1003188767 216,720.00 6.1 6.1 0.5 0 0000000000 105,600.00 7.375 7.375 0.5 0 1003189105 164,499.99 6.225 6.225 0.5 0 1003189114 384,660.83 5.8 5.8 0.5 0 1003189196 119,119.99 6.95 6.95 0.5 0 1003189454 295,999.99 6.635 6.635 0.5 0 2202724 242,000.00 7.15 7.15 0.5 0 2203452 322,650.00 5.27 5.27 0.5 0 1003006062 352,000.00 6.75 6.75 0.5 0 0000000000 178,400.00 6.65 6.65 0.5 0 1003006794 351,919.99 6.325 6.325 0.5 0 1003006972 332,500.00 5.7 5.7 0.5 0 1003007114 416,499.99 6.25 6.25 0.5 0 1003007356 360,000.00 5.25 5.25 0.5 0 1003007454 157,500.00 6.4 6.4 0.5 0 1003005107 128,000.00 6.375 6.375 0.5 0 1003005205 151,199.34 7.75 7.75 0.5 0 1003005483 430,000.00 5.85 5.85 0.5 0 1003005599 249,617.00 6.99 6.99 0.5 0 0000000000 264,000.00 6.125 6.125 0.5 0 1003005900 250,000.00 6.8 6.8 0.5 0 1003006026 336,000.00 6.25 6.25 0.5 0 1003191771 268,720.00 5.625 5.625 0.5 0 1003191799 146,400.00 6.475 6.475 0.5 0 1003192119 248,000.00 6.775 6.775 0.5 0 1003192431 201,600.00 6.525 6.525 0.5 0 1003193216 147,600.00 6.275 6.275 0.5 0 1003195125 199,943.95 6.95 6.95 0.5 0 1003196142 124,184.29 7.3 7.3 0.5 0 1003189793 332,000.00 7.3 7.3 0.5 0 1003189891 123,799.98 5.95 5.95 0.5 0 1003190219 627,000.00 5.99 5.99 0.5 0 0000000000 91,978.50 7.375 7.375 0.5 0 1003190567 296,000.00 5.8 5.8 0.5 0 1003190825 363,999.98 6.475 6.475 0.5 0 1003191101 298,399.99 6.98 6.98 0.5 0 0000000000 327,999.98 6.775 6.775 0.5 0 1003200707 229,599.99 5.875 5.875 0.5 0 1003200798 163,999.99 8 8 0.5 0 1003200869 292,000.00 5.99 5.99 0.5 0 1003200903 243,600.00 6.1 6.1 0.5 0 1003201234 300,000.00 6.25 6.25 0.5 0 1003201608 120,149.20 7.85 7.85 0.5 0 1003201840 288,499.98 6.275 6.275 0.5 0 1003196295 316,000.00 6.825 6.825 0.5 0 1003196712 329,400.00 6.99 6.99 0.5 0 1003197230 247,999.98 5.825 5.825 0.5 0 1003197622 64,000.00 6.35 6.35 0.5 0 1003198097 360,000.00 5.975 5.975 0.5 0 1003198293 256,000.00 5.99 5.99 0.5 0 1003200208 192,000.00 7.175 7.175 0.5 0 1003200299 152,910.00 7.85 7.85 0.5 0 1003209227 167,999.97 6.125 6.125 0.5 0 1003209548 250,000.00 6.5 6.5 0.5 0 1003209851 139,919.99 6.99 6.99 0.5 0 1003209888 228,799.99 5.9 5.9 0.5 0 1003209977 57,105.00 7.575 7.575 0.5 0 1003202260 270,000.00 6.85 6.85 0.5 0 1003202475 139,500.00 7.4 7.4 0.5 0 1003203349 215,920.00 6.95 6.95 0.5 0 1003203394 199,987.38 7.2 7.2 0.5 0 1003203713 431,200.00 6.5 6.5 0.5 0 1003205944 222,700.00 6.1 6.1 0.5 0 1003206051 97,599.99 6.25 6.25 0.5 0 1003206694 216,834.38 6.5 6.5 0.5 0 1003215247 100,000.00 6.825 6.825 0.5 0 1003215602 163,200.00 6.25 6.25 0.5 0 1003215737 367,999.99 6.125 6.125 0.5 0 1003216013 287,912.99 5.35 5.35 0.5 0 1003216317 89,900.00 7.075 7.075 0.5 0 1003216638 134,230.00 7.625 7.625 0.5 0 1003217664 226,399.99 7.25 7.25 0.5 0 1003212419 90,800.00 7.075 7.075 0.5 0 0000000000 209,699.99 6.725 6.725 0.5 0 1003212981 161,928.00 5.825 5.825 0.5 0 1003213169 459,965.83 6.25 6.25 0.5 0 1003213631 347,796.49 6.25 6.25 0.5 0 1003214113 75,099.98 5.525 5.525 0.5 0 1003214943 345,600.00 6.99 6.99 0.5 0 1003214952 195,200.00 6.475 6.475 0.5 0 1003226379 255,200.00 6.3 6.3 0.5 0 1003226789 319,500.00 7.875 7.875 0.5 0 1003227387 259,200.00 7.025 7.025 0.5 0 1003227706 206,000.00 5.7 5.7 0.5 0 1003227804 282,000.00 5.25 5.25 0.5 0 1003227902 180,000.00 7.45 7.45 0.5 0 1003228215 165,999.99 6.85 6.85 0.5 0 1003217922 297,600.00 6.99 6.99 0.5 0 1003219181 159,999.99 5.725 5.725 0.5 0 1003219902 519,999.99 6.85 6.85 0.5 0 1003220115 112,000.00 6.875 6.875 0.5 0 1003220972 400,000.00 6.75 6.75 0.5 0 1003223292 213,519.99 8.075 8.075 0.5 0 1003224273 336,000.00 6.85 6.85 0.5 0 1003226146 279,999.99 6.25 6.25 0.5 0 1003237189 348,000.00 7.15 7.15 0.5 0 1003237526 339,000.00 6.575 6.575 0.5 0 1003238909 260,000.00 5.875 5.875 0.5 0 1003240754 204,000.00 6.575 6.575 0.5 0 1003241281 239,000.00 6.625 6.625 0.5 0 1003243289 120,000.00 7.35 7.35 0.5 0 1003243305 142,399.83 6.875 6.875 0.5 0 1003229580 204,000.00 6.275 6.275 0.5 0 1003230578 141,300.00 9.125 9.125 0.5 0 1003231504 319,200.00 7.325 7.325 0.5 0 1003232111 299,600.00 6.3 6.3 0.5 0 1003232905 259,600.00 6.99 6.99 0.5 0 0000000000 94,800.00 6.425 6.425 0.5 0 1003234994 214,940.88 6.6 6.6 0.5 0 1003235537 339,987.50 5.25 5.25 0.5 0 0000000000 193,400.00 6.5 6.5 0.5 0 1003248523 378,984.50 6.6 6.6 0.5 0 1003248612 118,292.00 6.6 6.6 0.5 0 1003249773 184,497.90 7.4 7.4 0.5 0 1003250957 116,000.00 6.925 6.925 0.5 0 1003251750 270,000.00 7.825 7.825 0.5 0 1003252937 78,500.00 6.725 6.725 0.5 0 1003243314 228,000.00 8.325 8.325 0.5 0 1003243500 147,999.99 5.8 5.8 0.5 0 1003243859 298,800.00 6.425 6.425 0.5 0 1003243975 220,000.00 6.275 6.275 0.5 0 1003244322 103,919.98 6.99 6.99 0.5 0 1003246213 375,200.00 7.2 7.2 0.5 0 0000000000 216,000.00 6.365 6.365 0.5 0 1003256979 320,000.00 6.625 6.625 0.5 0 1003259020 124,000.00 7.7 7.7 0.5 0 1003261071 216,035.00 6.4 6.4 0.5 0 1003262212 394,399.99 6.5 6.5 0.5 0 1003264005 250,000.00 7.4 7.4 0.5 0 1003264407 172,110.00 6.4 6.4 0.5 0 0000000000 309,600.00 7.05 7.05 0.5 0 1003252964 232,000.00 6.95 6.95 0.5 0 1003253491 248,000.00 5.95 5.95 0.5 0 1003253552 248,400.00 5.99 5.99 0.5 0 1003253614 169,999.99 8.3 8.3 0.5 0 1003253883 88,000.00 7.425 7.425 0.5 0 1003254551 189,048.00 7.375 7.375 0.5 0 1003255694 224,000.00 6.525 6.525 0.5 0 1003256425 169,119.99 6.55 6.55 0.5 0 1003276127 388,000.00 6.375 6.375 0.5 0 1003277117 324,000.00 5.85 5.85 0.5 0 1003277910 139,600.00 6.3 6.3 0.5 0 1003281530 108,899.99 7.525 7.525 0.5 0 1003282049 120,898.99 6.475 6.475 0.5 0 1003283397 84,800.00 7.2 7.2 0.5 0 1003287758 337,600.00 6.6 6.6 0.5 0 1003287838 99,920.00 5.5 5.5 0.5 0 1003268760 144,000.00 7.45 7.45 0.5 0 1003272050 163,200.00 6.05 6.05 0.5 0 1003273255 224,899.27 5.8 5.8 0.5 0 1003273852 171,999.98 7.15 7.15 0.5 0 1003274600 350,400.00 6.65 6.65 0.5 0 1003275734 339,200.00 6.3 6.3 0.5 0 1003293590 252,000.00 6.65 6.65 0.5 0 1003341164 137,599.99 6.875 6.875 0.5 0 1003341994 305,099.99 7.45 7.45 0.5 0 1003343037 319,999.99 5.6 5.6 0.5 0 1003348069 239,199.99 6.7 6.7 0.5 0 0000000000 252,000.00 7.25 7.25 0.5 0 1002553490 225,250.00 6.95 6.95 0.5 0 1002553953 224,500.00 6.9 6.9 0.5 0 1002554890 274,498.73 5.7 5.7 0.5 0 1002555121 341,952.50 6.5 6.5 0.5 0 1002559109 195,804.43 5.525 5.525 0.5 0 1002560473 339,987.45 5.25 5.25 0.5 0 1002073847 130,395.00 6.4 6.4 0.5 0 1002076764 265,000.00 6.5 6.5 0.5 0 1002227771 383,287.02 6.95 6.95 0.5 0 0000000000 288,000.00 7.74 7.74 0.5 0 1002678061 103,591.92 6.15 6.15 0.5 0 1002678677 151,885.67 7.05 7.05 0.5 0 1002678702 357,600.00 5.99 5.99 0.5 0 1002679248 85,599.37 5.9 5.9 0.5 0 1002679612 159,999.99 6.49 6.49 0.5 0 1002679845 240,000.00 7.475 7.475 0.5 0 1002680370 312,000.00 6.375 6.375 0.5 0 1003182512 343,999.98 7.7 7.7 0.5 0 1003182656 234,750.00 7.925 7.925 0.5 0 1003182772 232,000.00 5.99 5.99 0.5 0 0000000000 259,559.53 6.125 6.125 0.5 0 1003184217 169,999.99 7.225 7.225 0.5 0 1003184636 253,600.00 6.99 6.99 0.5 0 1003184770 125,600.00 7.8 7.8 0.5 0 1003044137 330,400.00 5.85 5.85 0.5 0 1003044155 156,000.00 5.88 5.88 0.5 0 0000000000 168,560.00 6.1 6.1 0.5 0 1003044431 179,600.00 7.425 7.425 0.5 0 1003044495 176,000.00 6.45 6.45 0.5 0 1003044556 292,000.00 6.375 6.375 0.5 0 1003044707 363,999.97 6.475 6.475 0.5 0 2168802 372,000.00 7.65 7.65 0.5 0 2169808 391,000.00 5.25 5.25 0.5 0 1002778970 149,600.00 7 7 0.5 0 1002779005 232,000.00 6.99 6.99 0.5 0 1002779112 300,499.01 5.9 5.9 0.5 0 1002779185 153,600.00 6.575 6.575 0.5 0 1002779452 152,800.00 7.75 7.75 0.5 0 1002779648 468,000.00 6.99 6.99 0.5 0 1002779675 172,300.00 6.475 6.475 0.5 0 1002779906 322,999.98 6.25 6.25 0.5 0 0000000000 434,000.00 5.5 5.5 0.5 0 1002780020 124,000.00 6.725 6.725 0.5 0 1002780315 285,000.00 8.15 8.15 0.5 0 1002780798 260,000.00 5.725 5.725 0.5 0 1002781154 205,599.99 6.4 6.4 0.5 0 1002781305 325,500.00 5.99 5.99 0.5 0 1002781314 151,199.14 6.75 6.75 0.5 0 1002781500 379,999.97 6.875 6.875 0.5 0 Loan Number LPMI Net Rate Original Payment Current PI Origination Dates ----------- ---- -------- ---------------- ---------- ----------------- 2142136 0 5.275 2180.06 2180.06 7/22/2005 1002781546 0 5.275 1203.13 1203.13 7/20/2005 1002781564 0 6.825 1407.58 1407.58 7/22/2005 1002781680 0 6.375 2268.75 2268.75 8/4/2005 1002781804 0 6.25 697.5 697.5 8/18/2005 1002782028 0 5.525 1265.05 1265.05 7/28/2005 1002782215 0 6.375 1466.67 1466.67 7/16/2005 1002782527 0 6.05 2018.22 2018.22 7/18/2005 1002782698 0 6 2894.67 2894.67 7/15/2005 1002782830 0 5.875 764.58 764.58 7/28/2005 1002783036 0 6.425 1900.94 1900.94 7/14/2005 1002783125 0 6.75 1498.33 1498.33 7/19/2005 1002783287 0 5.75 1229.17 1229.17 7/23/2005 1002783633 0 6.95 764.87 764.87 8/11/2005 1002783848 0 6.125 1369.17 1369.17 7/14/2005 1002784106 0 5.85 1650.58 1650.58 7/18/2005 1002891972 0 6.9 602.8 602.8 7/25/2005 1002892007 0 6.25 2025 2025 7/25/2005 1002892016 0 6.65 2734.88 2734.88 7/20/2005 1002892409 0 6.8 2962.59 2962.59 7/29/2005 1002892418 0 5.9 1365.34 1365.34 7/28/2005 1002892597 0 5.75 927.09 927.09 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1002900169 357 336 Monthly 24 1002900490 358 324 Monthly 0 1002900506 357 336 Monthly 24 1002900604 358 336 Monthly 24 1002900631 357 336 Monthly 24 1002903228 358 336 Monthly 24 1002903335 357 336 Monthly 24 1002903362 358 336 Monthly 24 1002903406 357 336 Monthly 24 1002904021 358 300 Monthly 0 1002904254 357 300 Monthly 12 1002904913 357 324 Monthly 36 1002904959 357 324 Monthly 0 1002902354 357 336 Monthly 24 1002902416 358 336 Monthly 24 1002902470 357 300 Monthly 24 1002902648 358 300 Monthly 36 1002902791 357 336 Monthly 24 1002903013 357 336 Monthly 24 1002903059 358 336 Monthly 24 1002907867 357 336 Monthly 24 1002907894 358 336 Monthly 24 1002908054 357 336 Monthly 24 1002908116 358 336 Monthly 24 1002908553 358 336 Monthly 24 1002908866 357 300 Monthly 24 1002908955 358 336 Monthly 24 1002909026 357 336 Monthly 12 1002905039 357 324 Monthly 0 1002905164 358 336 Monthly 24 1002905468 358 336 Monthly 24 1002905627 358 300 Monthly 36 1002906403 358 336 Monthly 0 1002907279 357 336 Monthly 24 1002907493 358 324 Monthly 0 1002907643 357 300 Monthly 24 1002910121 357 336 Monthly 24 1002910309 357 336 Monthly 24 1002910693 357 324 Monthly 36 1002910737 357 324 Monthly 36 1002910862 358 336 Monthly 24 1002911013 358 336 Monthly 24 1002911193 357 336 Monthly 0 1002911317 357 336 Monthly 24 1002909142 358 336 Monthly 24 1002909259 357 336 Monthly 24 1002909277 358 336 Monthly 24 1002909320 358 336 Monthly 24 1002909393 358 336 Monthly 24 1002909543 357 336 Monthly 24 1002909552 357 336 Monthly 24 1002909730 357 336 Monthly 24 1002912566 358 336 Monthly 24 1002912600 357 336 Monthly 24 1002912922 357 324 Monthly 0 1002912959 357 336 Monthly 24 1002913011 358 336 Monthly 24 1002913020 358 300 Monthly 24 1002913119 357 300 Monthly 24 1002913226 357 300 Monthly 0 1002911371 357 336 Monthly 24 1002911610 357 336 Monthly 24 1002912021 358 300 Monthly 24 1002912156 358 336 Monthly 24 1002912414 358 324 Monthly 36 1002912478 358 300 Monthly 0 1002912520 357 300 Monthly 24 1002912539 358 336 Monthly 12 1002915607 358 336 Monthly 24 1002915983 357 336 Monthly 24 1002916465 357 336 Monthly 24 1002916474 358 336 Monthly 24 1002916928 357 336 Monthly 24 1002917240 357 300 Monthly 36 1002917259 357 336 Monthly 24 1002913324 357 324 Monthly 0 1002913529 357 336 Monthly 12 1002913618 357 336 Monthly 24 1002914243 358 336 Monthly 24 1002914387 357 300 Monthly 24 1002915162 357 336 Monthly 24 1002915206 357 300 Monthly 24 1002917286 357 300 Monthly 36 1002917311 358 336 Monthly 12 1002917473 357 336 Monthly 24 1002917892 358 336 Monthly 24 1002917918 357 336 Monthly 24 1002918230 357 336 Monthly 0 1002918249 357 336 Monthly 24 1002918409 357 324 Monthly 36 1002919541 357 324 Monthly 36 1002919578 357 300 Monthly 24 1002919587 357 300 Monthly 24 1002919765 358 336 Monthly 24 1002919818 357 336 Monthly 0 1002919907 358 324 Monthly 36 1002920370 357 336 Monthly 24 1002920469 357 300 Monthly 24 1002918463 358 324 Monthly 0 1002918597 357 336 Monthly 24 1002918891 357 336 Monthly 24 1002919042 357 336 Monthly 24 1002919051 357 300 Monthly 24 1002919328 357 336 Monthly 24 1002919373 357 300 Monthly 36 1002919471 358 336 Monthly 24 1002921477 357 300 Monthly 36 1002921574 357 336 Monthly 24 1002921645 357 336 Monthly 24 1002921814 358 300 Monthly 24 1002921985 357 300 Monthly 12 1002922047 357 336 Monthly 24 1002922225 358 336 Monthly 24 1002922261 358 336 Monthly 24 1002920539 357 336 Monthly 24 1002920557 357 336 Monthly 24 1002920995 357 336 Monthly 24 1002921002 357 336 Monthly 24 1002921039 358 324 Monthly 12 1002921119 357 300 Monthly 24 1002921262 358 336 Monthly 24 1002921388 357 336 Monthly 24 1002923812 358 336 Monthly 0 1002923885 358 300 Monthly 24 1002923992 357 336 Monthly 24 1002924054 358 324 Monthly 0 1002924072 357 300 Monthly 0 1002924349 357 300 Monthly 36 1002924465 357 324 Monthly 0 1002924492 357 324 Monthly 36 1002922449 357 300 Monthly 24 1002923126 357 336 Monthly 24 1002923224 357 336 Monthly 24 1002923395 358 336 Monthly 24 1002923484 357 336 Monthly 24 1002923518 358 336 Monthly 24 1002923732 357 300 Monthly 36 1002923787 357 300 Monthly 24 1002928513 357 324 Monthly 36 1002928522 357 324 Monthly 36 1002928611 358 336 Monthly 24 1002929059 357 324 Monthly 36 1002929451 358 324 Monthly 36 1002929549 357 300 Monthly 0 1002929585 357 336 Monthly 24 1002924562 357 336 Monthly 24 1002924982 357 336 Monthly 24 1002925008 358 324 Monthly 0 1002925035 358 336 Monthly 0 1002925339 357 336 Monthly 24 1002925507 357 300 Monthly 24 1002925703 358 336 Monthly 24 1002925810 357 324 Monthly 36 1002930813 357 300 Monthly 36 1002930877 357 324 Monthly 36 1002930939 358 300 Monthly 24 1002930948 357 300 Monthly 12 1002931000 358 336 Monthly 0 1002931135 357 300 Monthly 24 1002931643 357 336 Monthly 24 1002931661 357 300 Monthly 24 1002929709 358 336 Monthly 24 1002929825 358 336 Monthly 24 1002929852 357 300 Monthly 24 1002929870 358 336 Monthly 24 1002930038 358 336 Monthly 24 1002930145 358 324 Monthly 36 1002930555 358 300 Monthly 0 1002930626 357 324 Monthly 0 1002932474 357 300 Monthly 24 1002932483 358 324 Monthly 0 1002932535 357 324 Monthly 36 1002932599 358 300 Monthly 0 1002933017 358 300 Monthly 24 1002933124 358 324 Monthly 36 1002933482 358 336 Monthly 24 1002933543 357 336 Monthly 24 1002931698 357 300 Monthly 24 1002931723 357 300 Monthly 36 1002931983 358 336 Monthly 24 1002932161 357 336 Monthly 24 1002932170 358 336 Monthly 24 1002932198 358 336 Monthly 24 1002932376 358 336 Monthly 0 1002932456 357 300 Monthly 0 1002934418 358 336 Monthly 24 1002934463 357 336 Monthly 24 1002934757 358 324 Monthly 36 1002934971 357 336 Monthly 24 1002935257 358 336 Monthly 24 1002935408 358 324 Monthly 36 1002935658 358 324 Monthly 36 1002935747 357 300 Monthly 0 1002933598 357 336 Monthly 24 1002933632 357 336 Monthly 24 1002933767 357 324 Monthly 36 1002933874 357 336 Monthly 24 1002933918 357 300 Monthly 0 1002934016 357 336 Monthly 24 1002934203 357 336 Monthly 24 1002934383 357 300 Monthly 24 1002937111 358 300 Monthly 36 1002937120 357 336 Monthly 24 1002937326 357 336 Monthly 24 1002937727 357 336 Monthly 0 1002937816 358 300 Monthly 0 1002937843 357 300 Monthly 0 1002937969 357 336 Monthly 24 1002937987 357 300 Monthly 36 1002935934 357 336 Monthly 24 1002936023 358 336 Monthly 24 1002936103 357 336 Monthly 24 1002936416 357 336 Monthly 24 1002936443 357 336 Monthly 24 1002936504 357 336 Monthly 24 1002936719 358 336 Monthly 24 1002937077 358 336 Monthly 24 1002939510 357 336 Monthly 24 1002939583 357 324 Monthly 36 1002939752 357 336 Monthly 24 1002939761 357 336 Monthly 24 1002940170 358 300 Monthly 36 1002940438 357 300 Monthly 36 1002940535 358 336 Monthly 24 1002938307 357 300 Monthly 36 1002938343 357 336 Monthly 24 1002938370 357 324 Monthly 36 1002938655 357 300 Monthly 24 1002938691 357 336 Monthly 24 1002938851 358 336 Monthly 24 1002938860 358 336 Monthly 24 1003165531 358 336 Monthly 0 1003165684 358 300 Monthly 36 1003165746 358 336 Monthly 24 1003166228 358 300 Monthly 24 1003166567 358 300 Monthly 36 1003166861 358 336 Monthly 0 1003167138 358 336 Monthly 24 1003167227 358 336 Monthly 24 1003047045 358 300 Monthly 0 1003047143 358 324 Monthly 0 1003047214 358 324 Monthly 12 1003047269 358 300 Monthly 24 1003047660 358 336 Monthly 24 1003047679 358 300 Monthly 24 1003047688 358 300 Monthly 36 1003047731 358 300 Monthly 0 0000000000 357 336 Monthly 24 1002940679 358 336 Monthly 0 1002940768 357 336 Monthly 24 1002940937 357 336 Monthly 24 1002941222 358 300 Monthly 24 1002941516 357 336 Monthly 0 1002941589 357 336 Monthly 24 1002942506 357 336 Monthly 24 1002942515 357 336 Monthly 24 1002942819 357 300 Monthly 24 1002943131 357 336 Monthly 24 0000000000 357 336 Monthly 24 1002943186 357 300 Monthly 24 1002943408 358 336 Monthly 0 1002943541 358 336 Monthly 24 0000000000 358 336 Monthly 24 1002941678 357 300 Monthly 24 1002941838 357 336 Monthly 24 1002941972 358 336 Monthly 24 0000000000 358 336 Monthly 24 1002942098 358 300 Monthly 36 1002942285 358 300 Monthly 0 1002944808 357 336 Monthly 24 1002944871 358 336 Monthly 24 1002944988 357 336 Monthly 24 1002945157 357 336 Monthly 24 1002945166 358 336 Monthly 24 1002945237 357 300 Monthly 24 1002945344 358 336 Monthly 24 0000000000 357 336 Monthly 24 1002943550 358 336 Monthly 24 1002943890 357 336 Monthly 24 1002943970 358 300 Monthly 24 1002944425 357 336 Monthly 24 1002944461 357 336 Monthly 24 1002944586 357 336 Monthly 24 1002944620 358 300 Monthly 24 1002944666 357 324 Monthly 36 1002947360 357 300 Monthly 36 1002947592 358 324 Monthly 36 1002947690 358 300 Monthly 36 1002947985 357 324 Monthly 36 1002948252 357 324 Monthly 0 1002948458 357 336 Monthly 24 0000000000 358 324 Monthly 36 1002945558 357 336 Monthly 24 1002945638 358 336 Monthly 24 1002945665 357 336 Monthly 24 1002945807 358 336 Monthly 0 1002945914 358 336 Monthly 0 1002946343 358 300 Monthly 0 1002946423 357 324 Monthly 0 1002947119 358 300 Monthly 36 1002950239 358 336 Monthly 24 1002950541 357 300 Monthly 36 1002950587 358 324 Monthly 12 1002950658 357 324 Monthly 0 1002950738 358 324 Monthly 36 1002950809 358 336 Monthly 24 1002950827 357 336 Monthly 24 1002951023 357 300 Monthly 24 1002949028 358 324 Monthly 0 1002949126 358 336 Monthly 24 1002949153 358 300 Monthly 24 1002949171 358 324 Monthly 0 1002949411 357 336 Monthly 0 1002949466 357 336 Monthly 24 1002949705 358 336 Monthly 24 1002949929 358 336 Monthly 24 1002951755 357 324 Monthly 36 1002951933 358 336 Monthly 24 1002951951 357 336 Monthly 24 1002952157 358 300 Monthly 12 1002952166 358 324 Monthly 36 1002952273 358 336 Monthly 24 1002952317 358 336 Monthly 24 1002952344 357 300 Monthly 24 1002951041 358 336 Monthly 24 1002951283 357 300 Monthly 24 1002951327 358 336 Monthly 12 1002951489 357 336 Monthly 12 1002951498 357 336 Monthly 24 1002951504 358 300 Monthly 24 1002951620 358 336 Monthly 24 1002951693 358 336 Monthly 24 1002952834 357 336 Monthly 24 1002953003 358 336 Monthly 24 1002953263 358 336 Monthly 24 1002953566 357 336 Monthly 24 1002953708 358 336 Monthly 24 0000000000 358 336 Monthly 24 1002953771 358 336 Monthly 24 1002953780 357 324 Monthly 36 1002952451 358 300 Monthly 36 1002952503 357 336 Monthly 24 1002952530 358 300 Monthly 36 1002952585 357 324 Monthly 36 1002952638 357 336 Monthly 24 1002952674 358 336 Monthly 24 1002952816 358 300 Monthly 36 1002952825 358 336 Monthly 24 1002954690 357 300 Monthly 24 1002954789 357 324 Monthly 0 1002955010 358 336 Monthly 24 1002955029 357 336 Monthly 0 1002955127 357 336 Monthly 24 1002955190 358 336 Monthly 24 1002955225 358 336 Monthly 24 1002955243 357 336 Monthly 24 1002953842 357 336 Monthly 24 1002953904 358 300 Monthly 24 1002954011 357 336 Monthly 24 1002954137 357 336 Monthly 24 1002954413 357 336 Monthly 0 1002954556 358 336 Monthly 24 1002956304 357 336 Monthly 24 1002956457 357 324 Monthly 36 1002956572 358 300 Monthly 36 1002956714 358 324 Monthly 12 1002956741 357 300 Monthly 24 1002956787 357 336 Monthly 0 1002957018 357 336 Monthly 24 0000000000 358 300 Monthly 0 1002955378 357 336 Monthly 24 1002955458 358 336 Monthly 24 1002955546 357 336 Monthly 24 1002955564 358 300 Monthly 24 1002955582 357 336 Monthly 24 1002955859 357 336 Monthly 24 1002956046 357 336 Monthly 24 1002956108 357 300 Monthly 24 1002958552 357 300 Monthly 24 1002958598 357 300 Monthly 24 1002958614 357 336 Monthly 24 0000000000 357 336 Monthly 24 1002958758 357 336 Monthly 24 1002958776 357 336 Monthly 24 1002958865 357 336 Monthly 24 1002958954 358 324 Monthly 12 1002957143 357 336 Monthly 24 1002957330 357 336 Monthly 24 1002957429 358 324 Monthly 0 1002958419 358 336 Monthly 0 1002958428 358 300 Monthly 24 0000000000 357 324 Monthly 36 0000000000 357 336 Monthly 0 1002959169 358 300 Monthly 24 1002959212 357 324 Monthly 36 0000000000 358 336 Monthly 24 1002959748 358 300 Monthly 24 1002960674 357 336 Monthly 24 1002960781 358 336 Monthly 24 Loan Number Balloon Flag Original Index Index Current Index ----------- ------------ -------------- ----- ------------- 2142136 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002781546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002781564 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002781680 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002781804 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002782028 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002782215 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002782527 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002782698 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002782830 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002783036 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002783125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002783287 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002783633 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002783848 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002784106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891972 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002892007 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002892016 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892409 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892418 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892748 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002892819 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003016961 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003016998 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003017041 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003017568 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003017602 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003016131 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003016195 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003016275 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003016300 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003016364 Not a Balloon Loan 3/ 6 MONTH LIBOR 2129171 Not a Balloon Loan 2/ 6 MONTH LIBOR 2175381 Not a Balloon Loan 2/ 6 MONTH LIBOR 2176416 Not a Balloon Loan 2/ 6 MONTH LIBOR 2177105 Not a Balloon Loan 3/ 6 MONTH LIBOR 2164679 Not a Balloon Loan 3/ 6 MONTH LIBOR 2180042 Not a Balloon Loan 2/ 6 MONTH LIBOR 2180243 Not a Balloon Loan 3/ 6 MONTH LIBOR 2181188 Not a Balloon Loan 3/ 6 MONTH LIBOR 2177161 Not a Balloon Loan 3/ 6 MONTH LIBOR 2177619 Not a Balloon Loan 2/ 6 MONTH LIBOR 2178027 Not a Balloon Loan 3/ 6 MONTH LIBOR 2181755 Not a Balloon Loan 2/ 6 MONTH LIBOR 2182552 Not a Balloon Loan 3/ 6 MONTH LIBOR 2182590 Not a Balloon Loan 3/ 6 MONTH LIBOR 2182672 Not a Balloon Loan 2/ 6 MONTH LIBOR 2185684 Not a Balloon Loan 2/ 6 MONTH LIBOR 2185711 Not a Balloon Loan 3/ 6 MONTH LIBOR 2185783 Not a Balloon Loan 2/ 6 MONTH LIBOR 2186045 Not a Balloon Loan 3/ 6 MONTH LIBOR 2186236 Not a Balloon Loan 3/ 6 MONTH LIBOR 2183973 Not a Balloon Loan 2/ 6 MONTH LIBOR 2184111 Not a Balloon Loan 3/ 6 MONTH LIBOR 2185084 Not a Balloon Loan 3/ 6 MONTH LIBOR 2185171 Not a Balloon Loan 2/ 6 MONTH LIBOR 2185305 Not a Balloon Loan 3/ 6 MONTH LIBOR 2185444 Not a Balloon Loan 3/ 6 MONTH LIBOR 2186433 Not a Balloon Loan 2/ 6 MONTH LIBOR 2186671 Not a Balloon Loan 3/ 6 MONTH LIBOR 2186972 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187035 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187043 Not a Balloon Loan 3/ 6 MONTH LIBOR 2190028 Not a Balloon Loan 2/ 6 MONTH LIBOR 2190523 Not a Balloon Loan 3/ 6 MONTH LIBOR 2190951 Not a Balloon Loan 2/ 6 MONTH LIBOR 2191207 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187622 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187962 Not a Balloon Loan 3/ 6 MONTH LIBOR 2188385 Not a Balloon Loan 3/ 6 MONTH LIBOR 2199289 Not a Balloon Loan 3/ 6 MONTH LIBOR 2199707 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003115248 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003115257 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003115435 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003115596 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003115961 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003116345 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003116602 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003116924 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002313874 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002314837 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002216300 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002367156 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002369859 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002373568 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002374193 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002376798 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002379660 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003105810 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003106347 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003106793 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003106819 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003106864 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003106999 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003107033 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118352 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118432 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118646 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118762 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003118833 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118897 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003119002 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119011 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003113151 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003113160 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003113632 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003113918 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003114070 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003114472 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003115104 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003116951 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003117013 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003117246 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003117521 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003117772 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003117898 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003118110 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003118147 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003112072 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112134 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003112161 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112438 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112544 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112679 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003112839 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003120250 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003120269 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003120456 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003120722 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003121375 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119565 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119716 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119743 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119770 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119805 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003119814 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003119930 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003120152 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002641662 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002643786 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002644295 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002644570 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002645695 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002646603 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002648950 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002649236 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003121650 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003121669 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003121696 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003121918 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003122579 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003122588 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003122828 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003123337 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003123453 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003123943 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003124005 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003124185 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003124336 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003124577 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003125255 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003125273 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003127486 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003127592 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003127716 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003127725 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003127976 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003127985 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003128065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003125380 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003125647 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003126147 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003126833 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003127146 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003129493 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003129689 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003129705 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003130034 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003130267 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003130276 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003130338 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003130524 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003128163 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003128573 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003128626 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003128680 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003128715 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003128797 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003129171 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150440 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150725 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150789 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003151680 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003151760 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003149961 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150002 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003150208 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150262 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150315 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003150333 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003299120 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003299399 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003300706 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003301723 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003156523 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003156836 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003156989 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003157149 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003157158 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003157498 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003157531 Not a Balloon Loan 2/ 6 MONTH LIBOR 2158696 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001888078 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001903916 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001904791 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002661186 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002661916 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002662906 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002663004 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002665921 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002666341 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002666485 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002666957 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003020974 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003021660 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003021731 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003022044 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003022240 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003022295 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001503019 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002777409 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002777828 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778033 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778435 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778541 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778550 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778845 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003152171 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003152340 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003153009 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001023065 Not a Balloon Loan 2/ 6 MONTH LIBOR 2164061 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003107373 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003107809 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003107916 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003108513 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003109353 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002229154 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002229289 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002230106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027138 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027557 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027799 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027888 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027940 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003028100 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003028244 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003022473 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003022909 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003022927 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003023025 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003023515 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003023533 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002333512 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002340915 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002342450 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002346125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002081641 Not a Balloon Loan 2/ 6 MONTH LIBOR 2135826 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002092078 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001301816 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001985383 Not a Balloon Loan 2/ 6 MONTH LIBOR 2173342 Not a Balloon Loan 3/ 6 MONTH LIBOR 2173359 Not a Balloon Loan 3/ 6 MONTH LIBOR 2133347 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001592903 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001599586 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002399906 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002400066 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002401813 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002405622 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002410670 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002411492 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001273829 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002036772 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003023739 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003023971 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024024 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024122 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024140 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003304418 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003306032 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003308192 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003330023 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003336811 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003338454 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030954 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003031070 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031114 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031169 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031187 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031221 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001981706 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024177 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003024202 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024426 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024444 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024596 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024783 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024792 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003104642 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003104820 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003105106 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003105286 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003105419 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003105721 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003046297 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003046331 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003046652 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003046705 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003046901 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003046974 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002020510 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003024836 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003025283 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003025416 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003025489 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003025531 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003025979 Not a Balloon Loan 2/ 6 MONTH LIBOR 2173865 Not a Balloon Loan 2/ 6 MONTH LIBOR 2174078 Not a Balloon Loan 3/ 6 MONTH LIBOR 2174101 Not a Balloon Loan 2/ 6 MONTH LIBOR 2174206 Not a Balloon Loan 3/ 6 MONTH LIBOR 2175070 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001708441 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002007107 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002320125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002320278 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002030714 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002024311 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002025187 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003028299 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003028342 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003028404 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003028734 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003028912 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003029001 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003029010 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002009819 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003025997 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026086 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026264 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026415 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026585 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026843 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003026996 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003027003 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003029573 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003029582 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003029751 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003029920 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003030062 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002064535 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030259 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030277 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003030357 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030570 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030749 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030767 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030874 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003030945 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003109567 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003110074 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003110519 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003110546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003110751 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003110813 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003110895 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002046226 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002046752 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018969 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003019254 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003019325 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003019405 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003019450 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003019708 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002051870 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002241808 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002242433 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003153394 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003153991 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003154446 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003154856 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003154874 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003294580 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003294848 Not a Balloon Loan 2/ 6 MONTH LIBOR 2088838 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002390665 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002391478 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002393653 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002394750 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002395517 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002395544 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002396099 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003033256 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003033327 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003033880 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003034040 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003034086 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003034246 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002379991 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002381023 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002384306 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002384609 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002384618 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002385519 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002387624 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002388124 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002045487 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002045584 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002021225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002242647 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002243414 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002245797 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002246135 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002247526 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001846275 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003017826 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018004 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018246 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018610 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003018905 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001965467 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002346376 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002348800 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002349373 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002353429 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002353642 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002357522 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 2192639 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001777296 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001853300 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001856520 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002157016 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002157276 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002165720 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003019842 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003020395 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003020938 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001761481 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002170750 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002174774 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001909821 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001911541 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001842723 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002123455 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002125523 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001860383 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002145869 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002155606 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002155946 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002156534 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002178020 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002186235 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002180491 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002181392 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002194609 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002197438 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002200889 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002201307 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002201432 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002202351 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002187555 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002188322 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002194244 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002575056 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002583591 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002583779 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002586151 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002588989 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002590137 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002591859 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002204616 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002210119 Not a Balloon Loan 2/ 6 MONTH LIBOR 2124297 Not a Balloon Loan 3/ 6 MONTH LIBOR 2139452 Not a Balloon Loan 2/ 6 MONTH LIBOR 2148841 Not a Balloon Loan 2/ 6 MONTH LIBOR 2159108 Not a Balloon Loan 3/ 6 MONTH LIBOR 2179125 Not a Balloon Loan 3/ 6 MONTH LIBOR 2179826 Not a Balloon Loan 2/ 6 MONTH LIBOR 2161946 Not a Balloon Loan 2/ 6 MONTH LIBOR 2191271 Not a Balloon Loan 3/ 6 MONTH LIBOR 2191571 Not a Balloon Loan 3/ 6 MONTH LIBOR 2191765 Not a Balloon Loan 3/ 6 MONTH LIBOR 2191934 Not a Balloon Loan 3/ 6 MONTH LIBOR 2191942 Not a Balloon Loan 3/ 6 MONTH LIBOR 2192031 Not a Balloon Loan 2/ 6 MONTH LIBOR 2192475 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001867929 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001874813 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002454917 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002456201 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002456817 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002457549 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002460312 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002461240 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002461419 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002461918 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002218184 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002223276 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002128414 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002139901 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002136833 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002688149 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002688470 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002688906 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002689415 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002690270 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002690449 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002890928 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891026 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891035 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002891099 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891311 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891598 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891801 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002891865 Not a Balloon Loan 2/ 6 MONTH LIBOR 2194371 Not a Balloon Loan 2/ 6 MONTH LIBOR 2194855 Not a Balloon Loan 3/ 6 MONTH LIBOR 2195484 Not a Balloon Loan 3/ 6 MONTH LIBOR 2160202 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187133 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187144 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187165 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187168 Not a Balloon Loan 2/ 6 MONTH LIBOR 2187172 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187187 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187378 Not a Balloon Loan 3/ 6 MONTH LIBOR 2187471 Not a Balloon Loan 3/ 6 MONTH LIBOR 2165432 Not a Balloon Loan 3/ 6 MONTH LIBOR 2165997 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002831662 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832055 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832108 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832162 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832215 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832224 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832643 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832876 Not a Balloon Loan 2/ 6 MONTH LIBOR 2146865 Not a Balloon Loan 2/ 6 MONTH LIBOR 2167428 Not a Balloon Loan 3/ 6 MONTH LIBOR 2167577 Not a Balloon Loan 3/ 6 MONTH LIBOR 2167956 Not a Balloon Loan 2/ 6 MONTH LIBOR 2168120 Not a Balloon Loan 2/ 6 MONTH LIBOR 2168299 Not a Balloon Loan 2/ 6 MONTH LIBOR 2188697 Not a Balloon Loan 3/ 6 MONTH LIBOR 2188998 Not a Balloon Loan 2/ 6 MONTH LIBOR 2189029 Not a Balloon Loan 3/ 6 MONTH LIBOR 2189065 Not a Balloon Loan 3/ 6 MONTH LIBOR 2189298 Not a Balloon Loan 3/ 6 MONTH LIBOR 2189323 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003013973 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003014605 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003014963 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001921086 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001920014 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001920933 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001929925 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001943801 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001944169 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003176431 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003176592 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003177895 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003178028 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003179447 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003179456 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1001996148 Not a Balloon Loan 2/ 6 MONTH LIBOR 2155813 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002068880 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002090150 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793409 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793757 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002793962 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002794319 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002794337 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002794792 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002795176 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002795470 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002272285 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002272515 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002272524 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002275451 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002276325 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002277556 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002814 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003002949 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002976 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003047 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003154 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003003163 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002078940 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002079459 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002101273 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002258844 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002259781 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002269075 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002269379 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002232248 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002232827 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002235218 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002299630 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002300566 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002309317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002278519 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002278680 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002286813 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002294065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002296492 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002299195 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002331532 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002332354 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002332443 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002332782 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002333166 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002599726 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002600224 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002601492 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002602927 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002593223 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002594552 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002594712 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002595230 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002597443 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002599708 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002618983 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002620211 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002620444 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002621381 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002622488 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002624271 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002604505 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002604710 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002605238 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002608912 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002611926 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002612925 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002630834 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002630870 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002631254 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002631398 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002631735 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002632404 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002632486 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002625939 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002628106 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002630111 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002630184 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002655237 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002657119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002657770 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002658902 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002659322 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002635027 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002635036 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002637070 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002637793 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002638444 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002639531 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002681048 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002682546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002682617 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002682662 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002682760 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002683420 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002683812 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002667091 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002667830 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002667929 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002668786 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002671184 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002672414 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002675643 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002686285 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002686374 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002686418 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002686855 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002687051 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002687854 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002683821 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002684688 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002684704 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002684973 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002685320 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002685464 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002685525 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002734768 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002734875 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002734893 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002735231 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002736141 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002736187 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002736301 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002736481 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002692919 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002693151 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002693570 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002693721 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002834482 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002834516 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002834865 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002834990 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002835604 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002835757 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002835793 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797977 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798011 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798173 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798397 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798468 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798510 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798538 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002798672 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003045715 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003045822 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003045920 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003045948 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003046019 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003046108 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002695658 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002696194 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002696274 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002696336 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002697022 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002697763 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002698860 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002983301 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002983668 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002983711 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002983766 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984104 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984300 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002799145 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002799671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002799788 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002800106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002800277 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002800543 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801720 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002801926 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002802033 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002802355 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002802541 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002802792 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002802890 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002800785 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801061 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801294 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801427 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801436 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002801579 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002805469 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002805682 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002805708 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002805753 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002805922 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002806280 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002806431 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002806716 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002802989 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002803130 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002803247 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002803443 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002803764 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002803808 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002804834 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002805030 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808144 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002808475 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808572 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808590 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808821 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002808849 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808956 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002806752 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002806878 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002806921 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002807065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002807369 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002807993 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808019 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002808108 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002809447 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002809571 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002809820 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002810239 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002810300 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002810444 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002810603 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002810881 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002811238 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002811906 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002811979 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002812488 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002812807 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002812816 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002813432 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002813799 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002813815 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002814002 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002814011 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002814422 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002814903 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002816974 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002817517 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002817535 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002817786 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002818712 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002818721 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002815207 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002815298 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002815671 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002816028 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002816297 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002816634 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002820718 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002820923 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002821049 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002821272 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002821307 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002821352 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002821619 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002819258 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002819383 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002819686 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002820120 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002820139 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002820335 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002820344 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822011 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822084 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822191 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822440 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822690 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002822743 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824199 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824368 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824439 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824448 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824956 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002825214 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002825241 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002823001 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002823092 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002823546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002823617 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002823840 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002823966 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824073 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002824126 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002828140 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002828195 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002828364 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002828569 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002829345 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002829354 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002829489 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002830173 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002825429 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002825768 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002825991 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002826017 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002826525 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002827114 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002827418 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002827962 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002830182 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002830798 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002830878 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002831092 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002831261 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002831403 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002831635 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002832894 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002833429 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002833544 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002833866 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002834320 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002834455 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892882 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002892935 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002893006 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002894611 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002894808 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002894960 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002895031 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002895200 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002835855 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002835999 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002836248 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002837149 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002837568 Not a Balloon Loan 2/ 6 MONTH LIBOR 2183279 Not a Balloon Loan 3/ 6 MONTH LIBOR 2183374 Not a Balloon Loan 3/ 6 MONTH LIBOR 2183494 Not a Balloon Loan 2/ 6 MONTH LIBOR 2183542 Not a Balloon Loan 3/ 6 MONTH LIBOR 2183634 Not a Balloon Loan 3/ 6 MONTH LIBOR 2183818 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002539382 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002540888 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002541002 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002542332 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002542467 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002694061 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002694098 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002694472 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002694533 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002695097 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002695499 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002695514 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002695621 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002837675 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002838031 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002838488 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002838718 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002839192 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002839762 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002840162 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002840661 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002790091 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002791045 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002791278 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002791919 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002792044 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002841866 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002842124 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002842455 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002842507 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002842838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002843007 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002843150 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002840885 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002840992 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002841161 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002841376 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002841599 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002841688 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002844998 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002845096 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002845238 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002845452 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002845666 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002845728 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002846228 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002843506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002843515 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002844104 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002844168 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002844872 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002848011 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002848191 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002848208 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002848468 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002848547 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002848556 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002848976 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002846264 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002846399 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002846530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002846718 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002846790 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002847539 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002847628 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002849948 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002850016 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002850196 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002850427 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002850775 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002850819 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002849083 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002849145 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002849154 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002849172 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002849332 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002849449 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002849680 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002849868 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002852416 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002852522 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002852755 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002852906 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002853059 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002853380 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002853479 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002853825 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002850917 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002851051 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002851514 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002851523 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002851729 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002851854 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002852041 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002852274 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854968 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002855351 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002855495 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002855654 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002855663 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002855869 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002856154 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002857714 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002857901 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002858063 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002858232 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002858376 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002858866 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002859419 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002856225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002856332 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002856467 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002856564 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002856715 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002857073 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002857457 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002861497 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002861996 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002862806 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002863333 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002863351 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002859437 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002859749 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002859945 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002860103 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002860443 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002860899 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864154 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864270 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864430 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864626 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864680 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002864715 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002864813 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865055 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002863388 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002863663 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002863690 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002863707 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002863734 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002863930 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002863958 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002866125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002866223 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002866679 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002866946 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002867142 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002867197 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865386 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865402 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865457 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865475 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002865634 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002865849 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865901 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002865938 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002868944 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868999 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002869079 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002869168 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002867801 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868007 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868025 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868221 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868686 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868695 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002868702 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002868757 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002871002 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002871128 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002871324 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002871342 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002872047 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002872252 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002872261 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002872859 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002869676 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002870012 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002870218 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002870398 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002870414 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002870557 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002870726 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002870824 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875188 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875259 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875400 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875455 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002875491 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876141 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002876409 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002873466 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002873518 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002873652 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002874116 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002874599 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002874651 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002874955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002875017 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876926 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877097 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877220 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877319 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877480 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876463 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876481 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876490 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002876524 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876631 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876686 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876720 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002876775 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002878657 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879326 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879353 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879665 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879683 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002879745 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002879790 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877729 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002877989 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002878005 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002878014 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002878309 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002881359 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002881572 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002882429 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002882447 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002882848 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002883080 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002883099 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002883151 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002880083 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002880127 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002880154 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002880172 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002880546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002880653 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884882 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884908 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002885060 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002885266 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002885587 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002886050 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002883473 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002883847 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002883883 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002883990 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884007 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884542 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884695 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002884846 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002887451 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002887530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002887601 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002888520 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002888655 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002888673 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002886201 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002886318 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002886498 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002886684 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002886700 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002886737 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002886844 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889752 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889841 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889949 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002890072 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002890269 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002890376 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002890465 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002888691 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002888833 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889191 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889217 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889556 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002889574 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002889663 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002896888 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002896968 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897057 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002897075 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897262 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897280 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002897360 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002895317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002895683 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002895745 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002895772 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002896263 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002896398 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002899199 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002899215 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002899279 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002899297 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002899386 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002899484 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002899714 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897379 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897770 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002897903 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002898127 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002898779 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002898877 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002901220 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002901435 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002901676 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002902023 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002902078 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002902229 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002902283 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002899812 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002900025 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002900043 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002900506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002900604 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903228 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903335 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903362 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903406 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002904254 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002904913 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002904959 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002902354 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002902416 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002902648 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002902791 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903013 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002903059 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002907894 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002908054 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002908116 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002908553 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002908866 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002908955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909026 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002905039 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002905164 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002905468 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002905627 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002906403 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002907279 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002907493 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002907643 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002910121 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002910693 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002910737 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002910862 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002911013 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002911193 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002911317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909142 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909259 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909320 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909393 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909543 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909552 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002909730 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912566 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912600 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912922 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002912959 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002913011 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002913020 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002913119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002913226 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002911371 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002911610 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912021 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912156 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912414 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002912478 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002912520 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002912539 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002915607 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002915983 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002916465 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002916474 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002916928 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002917240 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002917259 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002913324 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002913529 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002914243 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002914387 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002915162 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002915206 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002917286 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002917311 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002917473 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002917892 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002917918 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002918230 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002918249 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002918409 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002919541 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002919578 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919587 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919765 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919818 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919907 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002920370 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002920469 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002918463 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002918597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002918891 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919042 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919051 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919328 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002919373 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002919471 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921477 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002921574 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921814 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921985 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002922047 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002922225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002922261 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002920539 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002920557 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002920995 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921002 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921039 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002921119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921262 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002921388 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923812 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923885 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923992 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002924054 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002924072 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002924349 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002924465 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002924492 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002922449 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923126 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923224 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002923395 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002923787 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002928513 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002928522 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002928611 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002929059 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002929451 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002929585 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002924562 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002924982 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002925008 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002925035 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002925339 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002925507 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002930813 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002930939 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002930948 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931135 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931643 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931661 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002929709 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002929825 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002929852 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002929870 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002930038 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002930145 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002930555 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002930626 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002932474 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002932483 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002932599 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002933017 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002933124 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002933482 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002933543 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931698 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002931723 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002931983 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002932161 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002932198 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002932376 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002932456 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002934418 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002934463 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002934757 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002934971 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002935257 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002935408 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002935658 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002935747 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002933598 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002933767 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002933874 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002933918 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002934016 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002934203 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002934383 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937111 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937326 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937727 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937816 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002937843 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002937969 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937987 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002936103 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002936416 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002936443 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002936504 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002936719 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002937077 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002939510 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002939583 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002939752 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002940170 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002940438 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002940535 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002938307 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002938343 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002938370 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002938655 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002938691 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002938851 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002938860 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003165684 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003165746 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003166228 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003166567 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003166861 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003167138 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003167227 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003047045 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003047214 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003047269 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003047660 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003047679 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003047688 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003047731 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002940679 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002940768 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002940937 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941222 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941516 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941589 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002942506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002942515 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002942819 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943131 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943186 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943408 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943541 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941678 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002941972 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002942098 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002942285 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002944808 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944871 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944988 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945157 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945166 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945237 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945344 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943550 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943890 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002943970 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944425 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944461 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944586 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944620 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002944666 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002947360 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002947592 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002947690 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002947985 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002948252 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002948458 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002945558 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945638 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945665 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945807 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002945914 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002946343 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002946423 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002947119 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002950239 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002950541 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002950587 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002950658 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002950738 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002950809 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002950827 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951023 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949028 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002949126 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949153 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949171 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002949411 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949466 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949705 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002949929 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951755 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002951933 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951951 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952157 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952166 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952273 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952344 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951041 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951283 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951327 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951489 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951498 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951504 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951620 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002951693 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952834 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953003 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953263 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953566 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953708 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953771 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953780 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952451 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952503 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952530 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952585 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952638 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002952816 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002952825 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954690 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954789 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002955010 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955029 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955127 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955190 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955243 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953842 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002953904 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954011 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954137 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954413 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002954556 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002956304 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002956457 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002956572 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002956714 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002956741 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002956787 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002957018 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002955378 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955458 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955546 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955564 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955582 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002955859 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002956046 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002956108 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958552 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958598 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958614 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958758 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958776 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958865 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958954 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002957143 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002957330 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002957429 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002958419 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002958428 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002959169 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002959212 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002959748 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002960674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002960781 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002960816 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962262 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002962306 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962379 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962547 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962654 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962663 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962734 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002960941 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002961049 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002961254 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002961263 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002961405 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002961753 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002961897 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002963813 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002963911 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964046 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964242 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964331 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002964395 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964402 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962743 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002962798 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002963065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002963289 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002963369 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002963485 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002963733 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002965143 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965367 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965376 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965802 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965811 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002965875 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965991 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964527 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964536 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002964705 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002964812 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002964938 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965009 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002965045 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966865 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966972 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966990 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002967285 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002967506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966008 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002966026 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002966080 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002966106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966320 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966393 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002966507 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002966687 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002968453 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002968685 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002968710 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002968907 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002969014 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002969247 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002969755 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002970002 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002967695 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002967766 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002967800 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002967917 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002967953 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002968006 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002968248 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002971341 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002971537 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002971671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002971902 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002972073 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002972466 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002972787 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002970128 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002970271 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002970397 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002970681 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002971010 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002971270 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002973811 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002973848 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974204 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974213 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974268 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974428 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974491 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002972894 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002972983 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002973045 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002973312 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002973580 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002973642 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002976257 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002976293 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002976337 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002976514 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002976676 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002976701 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002976907 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002974810 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002975169 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002975267 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002975445 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002975481 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002975908 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002977979 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002977997 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002978031 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002978228 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002978353 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002978549 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002978567 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002978834 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002976989 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002977149 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002977336 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002977443 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002977577 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002977853 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979977 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002980046 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002980368 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002980420 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002980652 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979012 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979192 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979245 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979325 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979370 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002979557 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002979904 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981580 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981731 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981848 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982026 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002982179 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982302 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002982348 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982437 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002980661 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002980821 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981036 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002981205 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981269 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002981312 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981429 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002981553 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001593 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001682 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001806 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003001842 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001931 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001940 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003000736 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001227 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001281 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001478 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003001557 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003001584 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002704522 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002705086 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002705433 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002705932 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002706478 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002709135 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002709260 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002709493 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002709689 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002709769 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002709901 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002710034 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002706520 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002707299 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002707841 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002707976 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002708029 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002708136 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002713353 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002713433 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002713683 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714058 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714094 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714101 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002710427 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002710481 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002710613 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002710631 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002711961 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002712265 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002712880 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002716626 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002716822 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002717297 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002717992 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002718205 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002719099 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002719366 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002720087 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714414 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714423 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714904 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002714940 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002715510 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002716154 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002716207 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002716396 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002722619 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002722968 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002723155 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002723743 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002724617 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002724902 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002720309 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002721095 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002721905 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002722049 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002722085 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002722520 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002728640 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002728926 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002729159 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002729471 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002729621 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002729701 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002726474 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002728043 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002728374 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002728533 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002731690 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002732136 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002733698 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002734081 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002729916 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002730432 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002730469 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002730824 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002731048 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002731128 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002731538 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002740065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002740289 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002740555 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002740742 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002740760 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002741448 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002741572 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002737186 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002737211 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002737417 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002737505 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002738194 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002985416 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002985498 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002985648 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002985666 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002986031 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002986255 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002986594 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984328 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984603 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984756 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984836 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002984925 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002985005 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002985050 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002985130 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002986674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002987717 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988039 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002988137 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988182 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988191 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989332 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989635 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989742 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989966 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990151 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990268 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990311 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988253 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988468 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002988618 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002989163 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989190 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002989305 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002991855 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002991873 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002992890 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002993327 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002993522 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002994433 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990339 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990446 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002990614 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002991490 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002991766 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002991784 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002995138 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002995343 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002995487 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995753 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995780 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995806 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994460 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994488 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994549 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994754 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994843 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002994870 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995058 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997234 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997476 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997573 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997662 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002997671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995879 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995940 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002995968 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002996155 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002996547 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002996645 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002996814 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002998359 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998484 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002998545 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998769 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998803 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998821 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002997877 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998046 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998082 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002998153 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002998322 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999900 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999928 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003000111 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003000246 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002998983 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999027 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999045 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999312 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999651 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999759 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002999884 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003003323 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003332 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003430 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003449 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003003671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002048 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002306 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002333 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002440 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002716 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003002725 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009728 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009826 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009924 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009979 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008765 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008774 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009345 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009489 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003009504 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011751 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011797 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011877 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011957 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003010592 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003010672 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003010930 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003011038 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011243 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003011378 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003012723 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003012732 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003013081 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003013250 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003013599 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003012304 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003012554 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003012563 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031249 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031267 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003031365 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031383 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031506 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031677 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003015221 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003015418 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003015677 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003015720 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032532 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032701 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032747 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032907 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032961 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003033087 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003033201 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003031748 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032006 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003032159 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032195 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003032364 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003032417 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003036734 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003036789 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003036841 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037010 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003037225 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003034433 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003035691 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003035806 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003036093 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003036360 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003036592 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003048197 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048366 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048393 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048473 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048678 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003048712 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003048758 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003037966 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038313 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038509 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038545 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038572 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038643 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003038867 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049472 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049597 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003049819 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049944 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049962 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003050405 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003050450 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048865 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003048918 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049052 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049196 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049267 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003049356 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003050726 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003050995 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003051011 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003051583 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003053563 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003053634 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003053796 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054063 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054250 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054367 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003051752 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003051912 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003052733 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003052797 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003053260 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003053279 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003053368 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054474 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054606 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054633 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054660 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054731 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054740 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054919 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003054955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003056472 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003056542 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003056739 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003056971 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003057211 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003057300 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003057444 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002742214 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002742492 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002742544 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002742642 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002743302 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002744935 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002745550 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002745809 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002746014 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002746210 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002747166 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002743384 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002743696 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002743776 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002743892 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002744579 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002744622 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002744739 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002749271 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002749440 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002749547 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002749869 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002750918 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002751472 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002747674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002747683 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002748012 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002748094 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002748129 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002748138 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002748165 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002748405 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752747 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752881 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752998 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002753130 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002753229 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002753504 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002753522 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002751668 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002751855 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002751953 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752426 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752569 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002752738 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002755646 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002755799 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002756985 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002757010 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002757181 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002757190 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002757314 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002753559 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002753648 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002753666 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002753791 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002753988 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002755487 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002760505 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002760532 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002760747 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002760872 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002760998 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761087 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002757591 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002758475 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002758563 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002758992 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002759866 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002760015 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002760177 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002762362 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002762488 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002762503 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002762852 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002763227 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002763325 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002763780 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002763860 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761274 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761327 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761345 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761513 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002761871 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002762022 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002762095 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002762317 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002766938 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002767152 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002767429 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002767679 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002767713 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768062 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768231 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002768320 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002763879 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002764583 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002765092 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002766377 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002766741 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769294 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769766 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002769800 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769873 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769882 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002770077 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768393 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002768669 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768767 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768776 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002768874 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769007 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002769114 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002769169 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002770326 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002770433 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002770665 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002770718 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002770763 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002770978 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002771209 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002771245 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002775492 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002775688 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002775973 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002776115 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002776277 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002776776 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002777365 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002771691 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002771959 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002772057 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002772887 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002773001 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002773127 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002785855 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002786499 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002786836 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002787112 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002787292 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002787693 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002787924 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002784160 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002784437 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002784810 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002785597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002785686 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002792712 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002792865 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793098 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793141 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793258 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002793276 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002787960 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002788567 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002788638 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002788674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002788763 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002789334 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002789959 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003055044 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003055071 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003055160 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003055357 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003055543 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003055712 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003055758 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002796861 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002796923 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797129 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797370 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797423 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797575 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002797628 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003059059 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003059237 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003059291 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003059629 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003059870 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003059905 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060038 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003057612 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003058112 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003058657 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003058844 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003061386 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003061616 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003061643 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003061661 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003061956 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062018 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060626 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060662 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060699 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060788 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003060813 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003060877 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062857 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062900 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003063213 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003063366 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003063838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003064025 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003064132 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062250 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062269 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062287 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062401 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062679 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062722 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062786 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003062839 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003065603 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003065612 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003066407 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003066434 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003066443 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003066489 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003066602 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003066728 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003064178 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003064837 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003064846 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003065382 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003065391 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003065408 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003068049 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003068067 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003068325 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003068575 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003068655 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003068824 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003068833 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067077 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067479 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067629 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067647 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067674 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003067736 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003070410 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003070599 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003070768 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003071320 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003071348 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003071437 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003071650 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069093 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069262 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069333 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069805 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003069958 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003070358 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003072846 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003073122 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003073300 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003073391 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003073569 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003073738 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003073854 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003071678 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003071794 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003072052 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003072178 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003072258 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003072436 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003072579 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003072597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074979 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075077 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075291 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075683 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075745 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075772 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003075950 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076003 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003073863 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074069 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074443 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074498 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074504 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074791 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003074862 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003074942 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076851 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003077734 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003077949 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003078298 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003079028 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003079171 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003079206 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003076174 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076218 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003076254 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076441 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076496 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003076539 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003076646 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003080711 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080720 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003081060 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003081079 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003081211 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003081220 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003081685 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003079224 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003079643 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080105 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080150 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080301 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080445 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003080597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084352 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084389 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084405 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003084469 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003084664 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084851 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084977 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003085155 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003082130 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003082522 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003082700 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003082960 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083040 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083308 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003083549 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003085182 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003085547 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003085690 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003086305 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003086314 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003086608 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003086671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003086680 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003088198 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003088465 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003088526 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003088786 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003088937 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003088955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089026 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003086733 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003087064 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003087108 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003087224 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003087527 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003087803 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003087894 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096731 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096740 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096795 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096857 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003096866 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096982 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097222 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097295 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089035 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003089222 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003089302 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089507 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089712 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089730 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089767 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089794 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002699182 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002699351 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002699672 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002699725 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002699789 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002699949 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002700517 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002700713 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002474174 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002474441 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002481371 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002486731 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002493484 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002497907 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002795489 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002795808 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002795951 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002796362 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002796399 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002796433 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002796521 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002796530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739077 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739139 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739291 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739317 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002739399 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002739861 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982552 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002982598 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002982721 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982749 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002982927 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002983178 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002853861 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854138 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002854165 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854307 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854441 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854469 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854600 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002854619 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003089838 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003089892 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003090103 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003090130 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003090693 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003090773 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003090988 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083772 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083861 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083898 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003083950 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003084012 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084325 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084334 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003084343 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003091148 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003091291 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003091503 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003092076 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003092094 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003092575 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003093896 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003094065 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003094172 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003094298 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003094733 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003094840 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003093119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093146 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093217 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093342 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093459 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093486 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003093510 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003093734 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097543 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003097669 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097687 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097703 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003097749 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003098098 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003094859 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003095689 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003095741 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096036 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003096189 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003096321 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003096722 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003100753 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003100897 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003100995 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101280 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101404 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003101468 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003098329 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003098338 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003098374 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003098882 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003099792 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003100129 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003100487 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003103206 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003103251 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003103297 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101583 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101618 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101798 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101903 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003101985 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003102029 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003110993 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003111322 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003111448 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003111484 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003111714 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003111849 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003111965 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003104018 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003104189 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003104278 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003104296 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003104465 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003104526 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003132149 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003132265 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003132666 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003133237 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003133308 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003133530 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003130757 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003130926 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003130971 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003131337 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003131667 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003131765 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003132112 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003132130 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134227 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134245 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134414 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134450 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134557 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003134860 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003133898 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003133978 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134049 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134067 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134085 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134094 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003134101 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003136859 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003136877 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003136895 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003137322 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003137974 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003138018 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003138474 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003135306 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003136109 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003136225 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003136591 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003136671 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003141601 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003141772 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003142101 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003142940 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003143020 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144001 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003144136 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144181 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003138688 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003138875 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003138955 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003139204 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003139357 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003140620 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003140675 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003145732 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003146027 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003146385 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003146526 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003146553 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003146900 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003147106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144350 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144476 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003144715 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144840 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144877 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003144966 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003155098 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003155267 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003155604 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003155613 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003156346 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003156364 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003147204 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003147801 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003148329 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003148944 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003149257 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003149391 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003163490 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003163739 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003163800 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003164202 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003157906 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003159263 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003160509 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003161107 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003161321 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003161900 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003163052 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003163212 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003167432 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003167664 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003168324 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003168743 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003168878 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003168958 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003170133 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003170437 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003164426 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003164471 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003164710 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003164783 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003165121 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003165265 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003165292 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003165336 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003173372 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003173880 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003174460 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003174790 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003174969 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003175245 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003175833 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003175913 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003170758 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003171533 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003172658 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003172872 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003173069 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003173318 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001749068 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002527821 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002532218 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002533280 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002535885 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002536063 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002537106 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002537473 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002326156 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002328314 Not a Balloon Loan 3/ 6 MONTH LIBOR 2170364 Not a Balloon Loan 3/ 6 MONTH LIBOR 2170456 Not a Balloon Loan 2/ 6 MONTH LIBOR 2200949 Not a Balloon Loan 3/ 6 MONTH LIBOR 2194061 Not a Balloon Loan 3/ 6 MONTH LIBOR 1001984295 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002501046 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002505382 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002506014 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002507656 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002517869 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002517976 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002251468 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002254241 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002257649 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002649334 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002652533 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002652686 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002652944 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002653738 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002654407 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002519206 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002519313 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002519484 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002519947 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002523825 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002523852 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002527135 Not a Balloon Loan 2/ 6 MONTH LIBOR 2156665 Not a Balloon Loan 2/ 6 MONTH LIBOR 2196280 Not a Balloon Loan 2/ 6 MONTH LIBOR 2196560 Not a Balloon Loan 3/ 6 MONTH LIBOR 2197224 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172836 Not a Balloon Loan 2/ 6 MONTH LIBOR 2197942 Not a Balloon Loan 2/ 6 MONTH LIBOR 2198249 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002464531 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002465362 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002469242 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002469448 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002469901 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002471239 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002472666 Not a Balloon Loan 2/ 6 MONTH LIBOR 1000692815 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002701384 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002701632 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002701892 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002702249 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002702891 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002703630 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002704390 Not a Balloon Loan 3/ 6 MONTH LIBOR 2171459 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172070 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172318 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172372 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172556 Not a Balloon Loan 3/ 6 MONTH LIBOR 2172782 Not a Balloon Loan 2/ 6 MONTH LIBOR 2202010 Not a Balloon Loan 2/ 6 MONTH LIBOR 2189663 Not a Balloon Loan 3/ 6 MONTH LIBOR 2189868 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002443706 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002444322 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002447212 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002447668 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002449363 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002453909 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002454070 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002412384 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002413267 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002416549 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002417236 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002420446 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002422989 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002561999 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002562685 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002563979 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002564969 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002565183 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002423826 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002425398 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002432656 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002434208 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002436901 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002437161 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002440157 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002925981 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002926187 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002926249 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002927453 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002927809 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002928121 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002928274 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002566128 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002571817 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002572601 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002573147 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002573673 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037298 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037430 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037449 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037537 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003037733 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003037902 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003003733 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003004073 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003004224 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003004242 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003004260 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003004741 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003040051 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003040612 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003040630 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003040729 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003040872 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002544250 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002545320 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002547998 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002548899 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002550028 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002550812 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002551081 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003007463 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007481 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007597 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007604 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007775 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007828 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007917 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007999 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003008088 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008168 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008417 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008621 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008658 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003008738 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003040952 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003041247 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003041513 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003041602 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003041700 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003041899 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042031 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003038992 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003039214 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003039508 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003039517 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003039688 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042503 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042594 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042950 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003043058 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003043094 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042175 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042308 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042399 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003042442 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044752 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044869 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044903 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003044930 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003045056 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003045298 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003045305 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003043361 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003043450 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003043487 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003043664 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044075 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003186117 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003186475 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003186956 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003188115 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003188151 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003188188 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003179973 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003180319 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003180756 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003180854 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003180916 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003181014 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003181069 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003182184 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003188295 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003188348 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003188767 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003189105 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003189114 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003189196 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003189454 Not a Balloon Loan 2/ 6 MONTH LIBOR 2202724 Not a Balloon Loan 2/ 6 MONTH LIBOR 2203452 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003006062 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003006794 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003006972 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007114 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007356 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003007454 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003005107 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003005205 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003005483 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003005599 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003005900 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003006026 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003191771 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003191799 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003192119 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003192431 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003193216 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003195125 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003196142 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003189793 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003189891 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003190219 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003190567 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003190825 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003191101 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003200707 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003200798 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003200869 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003200903 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003201234 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003201608 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003201840 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003196295 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003196712 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003197230 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003197622 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003198097 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003198293 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003200208 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003200299 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003209227 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003209548 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003209851 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003209888 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003209977 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003202260 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003202475 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003203349 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003203394 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003203713 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003205944 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003206051 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003206694 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003215247 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003215602 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003215737 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003216013 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003216317 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003216638 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003217664 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003212419 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003212981 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003213169 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003213631 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003214113 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003214943 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003214952 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003226379 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003226789 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003227387 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003227706 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003227804 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003227902 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003228215 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003217922 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003219181 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003219902 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003220115 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003220972 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003223292 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003224273 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003226146 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003237189 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003237526 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003238909 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003240754 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003241281 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003243289 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003243305 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003229580 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003230578 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003231504 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003232111 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003232905 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003234994 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003235537 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003248523 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003248612 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003249773 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003250957 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003251750 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003252937 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003243314 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003243500 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003243859 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003243975 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003244322 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003246213 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003256979 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003259020 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003261071 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003262212 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003264005 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003264407 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003252964 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003253491 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003253552 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003253614 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003253883 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003254551 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003255694 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003256425 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003276127 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003277117 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003277910 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003281530 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003282049 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003283397 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003287758 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003287838 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003268760 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003272050 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003273255 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003273852 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003274600 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003275734 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003293590 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003341164 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003341994 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003343037 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003348069 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002553490 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002553953 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002554890 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002555121 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002559109 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002560473 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002073847 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002076764 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002227771 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002678061 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002678677 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002678702 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002679248 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002679612 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002679845 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002680370 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003182512 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003182656 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003182772 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003184217 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003184636 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003184770 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044137 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003044155 Not a Balloon Loan 2/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044431 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044495 Not a Balloon Loan 3/ 6 MONTH LIBOR 1003044556 Not a Balloon Loan 2/ 6 MONTH LIBOR 1003044707 Not a Balloon Loan 2/ 6 MONTH LIBOR 2168802 Not a Balloon Loan 3/ 6 MONTH LIBOR 2169808 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002778970 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779005 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779112 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779185 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779452 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779648 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002779675 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002779906 Not a Balloon Loan 3/ 6 MONTH LIBOR 0000000000 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002780020 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002780315 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002780798 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002781154 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002781305 Not a Balloon Loan 2/ 6 MONTH LIBOR 1002781314 Not a Balloon Loan 3/ 6 MONTH LIBOR 1002781500 Not a Balloon Loan 3/ 6 MONTH LIBOR Loan Number Convertible IO Term Margin Rate Adjustment Freq Payment Adjustment Freq ----------- ----------- ------- ------ -------------------- ----------------------- 2142136 36 6.05 6 6 1002781546 60 5.7 6 6 1002781564 60 5.95 6 6 1002781680 60 5.95 6 6 1002781804 60 5.55 6 6 1002782028 60 5.7 6 6 1002782215 24 5.95 6 6 1002782527 24 5.95 6 6 1002782698 24 5.95 6 6 1002782830 24 4 6 6 1002783036 24 5.95 6 6 1002783125 24 5.95 6 6 1002783287 60 5.7 6 6 1002783633 24 5.8 6 6 1002783848 36 5.95 6 6 1002784106 24 5.95 6 6 1002891972 60 5.95 6 6 1002892007 36 5.95 6 6 1002892016 60 5.95 6 6 1002892409 24 6.05 6 6 1002892418 24 5.95 6 6 1002892597 24 5.7 6 6 1002892748 36 5.7 6 6 1002892819 60 5.7 6 6 1003016961 24 5.7 6 6 1003016998 24 5.7 6 6 1003017041 24 5.7 6 6 0000000000 24 5.95 6 6 1003017568 60 6.2 6 6 1003017602 24 5.7 6 6 1003016131 24 5.55 6 6 1003016195 60 5.7 6 6 1003016275 36 4 6 6 1003016300 36 5.95 6 6 1003016364 60 5.7 6 6 2129171 24 6.2 6 6 2175381 24 5.55 6 6 2176416 24 6.05 6 6 2177105 36 5.7 6 6 2164679 36 5.8 6 6 2180042 24 5.8 6 6 2180243 36 6.2 6 6 2181188 36 5.8 6 6 2177161 36 6 6 6 2177619 24 6 6 6 2178027 36 5.8 6 6 2181755 24 6 6 6 2182552 36 5.8 6 6 2182590 36 5.8 6 6 2182672 24 5.95 6 6 2185684 24 6.05 6 6 2185711 36 5.8 6 6 2185783 24 5.55 6 6 2186045 36 6.05 6 6 2186236 36 5.8 6 6 2183973 24 5.8 6 6 2184111 36 5.8 6 6 2185084 36 5.8 6 6 2185171 24 6.05 6 6 2185305 36 6.05 6 6 2185444 36 5.55 6 6 2186433 24 5.8 6 6 2186671 36 6 6 6 2186972 36 5.55 6 6 2187035 36 6.05 6 6 2187043 36 5.55 6 6 2190028 24 5.8 6 6 2190523 36 5.8 6 6 2190951 24 6.05 6 6 2191207 36 6.05 6 6 2187622 36 5.8 6 6 2187962 36 5.8 6 6 2188385 36 5.8 6 6 2199289 36 5.8 6 6 2199707 24 5.8 6 6 1003115248 36 5.95 6 6 1003115257 60 5.95 6 6 1003115435 60 5.7 6 6 1003115596 24 5.7 6 6 1003115961 60 5.7 6 6 1003116345 24 6.05 6 6 1003116602 24 5.7 6 6 1003116924 60 5.7 6 6 1002313874 24 5.8 6 6 1002314837 24 5.8 6 6 1002216300 24 5.55 6 6 0000000000 60 5.7 6 6 1002367156 24 5.8 6 6 0000000000 24 5.55 6 6 1002369859 60 5.5 6 6 1002373568 24 5.7 6 6 1002374193 60 5.8 6 6 1002376798 24 5.55 6 6 1002379660 24 5.8 6 6 1003105810 24 5.95 6 6 1003106347 36 5 6 6 1003106793 60 5.8 6 6 1003106819 60 5.7 6 6 1003106864 36 8 6 6 1003106999 36 5.7 6 6 1003107033 60 6 6 6 1003118352 24 5.7 6 6 1003118432 24 5.95 6 6 1003118646 24 5.7 6 6 1003118762 36 5.7 6 6 1003118833 24 5.7 6 6 1003118897 36 5.95 6 6 1003119002 24 5.7 6 6 1003119011 24 5.95